E-Compass Market Growth, Top Players, and Forecast by 2031

MARKET INTRODUCTION

E-compass is an electronic compass which customs magnetometer and an accelerometer. The global e-compass market is likely to have important growth rate, attributed to high demand for minerals across the globe. The rise of the global e-compass market is driven by rising adoption of e-compass in consumer electronics including wearable, tablets, and smartphones. The macroeconomic factors answerable for the rise of global e-compass market comprise quick ate of urbanization, rising disposable income, changing lifestyle, and rise in economies.

MARKET DYNAMICS

Rise of the wearable devices market and use of E-Compasses in Uavs and Auvs are likely to drive the E-Compass market. Also, Potential use in augmented reality and gaming applications are likely to provide new opportunities for the E-Compass market. The major hindering factor for global e-compass market is the dominance of GPS technology in advanced consumer electronics and automotive products.

MARKET SCOPE

The "Global E-Compass Market Analysis to 2031" is a specialized and in-depth study of the E-Compass market with a special focus on the global market trend analysis. The report aims to provide an overview of E-Compass market with detailed market segmentation by technology, application, sensor type, . The global E-Compass market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading E-Compass market player and offers key trends and opportunities in the E-Compass market.

MARKET SEGMENTATION

The global E-Compass market is segmented on the basis of technology, sensor, and application type. On the basis of technology, market is segmented as fluxate, hall effect, magnetorresistive, and others. On the basis of application, market is segmented as consumer electronics, aerospace and defense, automotive, marine, surveying, and other application.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global E-Compass market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The E-Compass market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting E-Compass market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the E-Compass market in these regions.

MARKET PLAYERS

The reports cover key developments in the E-Compass market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from E-Compass market are anticipated to lucrative growth opportunities in the future with the rising demand for E-Compass market. Below mentioned is the list of few companies engaged in the E-Compass market.

The report also includes the profiles of key E-Compass market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  Aichi Steel Corporation
  
•  Asahi Kasei Microdevices Corporation
  
•  Bosch Sensortec GmbH
  
•  Honeywell International Inc.
  
•  Invensense Inc.
  
•  Magnachip Semiconductor
  
•  Memsic Inc.
  
•  NXP Semiconductors N.V.
  
•  Oceanserver Technologies Inc.
  
•  ST Microelectronics N.V.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

E-Compass Report Scope