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E-Compass Market By Sensor Type (1 & 2-axis, 3-axis, 6-axis, 9-axis), By Technology (Fluxgate, Hall-Effect, Magneto resistive, Others), By Application (Consumer Electronics, Aerospace & Defense, Automotive, Marine, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Report Code: FAF-1360
Industry Insights
[190+ Pages Report] According to the report published by Facts Factors, the global e-compass market size was worth around USD 908.6 million in 2019 and is predicted to grow to around USD 4,187 million by 2026 with a compound annual growth rate (CAGR) of roughly 15.2% between 2020 and 2026. The report analyzes the global e-compass market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the e-compass market.
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This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the e-compass industry. The report analyzes and declares the historical and current trends analysis of the ecompass industry and subsequently recommends the projected trends anticipated to be observed in the e-compass market during the upcoming years.
Key Insights from Primary Research
As per our primary respondents, the global e-compass market is set to grow annually at a rate of around 15.2%, and the revenue was valued at around USD 908.6 million in 2019.
The Asia Pacific held the largest market share in 2019 due to the high volume of manufacturers from the consumer electronics sector in this region.
On basis of the “Technology” segment, the hall-effect segment dominated the global e-compass market as they are much economical in terms of cost as well as have been miniaturized in the form of ICs.
On basis of the “Sensor Type” segment, the 1 & 2 axis segment dominated the global e-compass market because it is widely used in aviation, defense industries.
The presence of well-established players has intensified the industry rivalry, due to which the degree of competition is considerably higher.
Key Recommendations from Analysts
As per our analysts, the global e-compass market is expected to grow significantly over the forecast period due to the rise in usage of E-compass in Uavs and Auvs.
As per analysts, the high growth in the consumer electronics sector is boosting the market.
The collaborations and partnerships between the manufacturing firms can create lucrative opportunities worldwide.
Our team of analysts has identified, that the Asia Pacific is expected to be the fastest-growing market over the estimated period, as the manufacturers of the consumer electronics industry is growing in the region.
Global E-Compass Market Revenue Share – By Technology
The e-compass market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire-compass market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the e-compass industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the e-compass industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the e-compass market.
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The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the e-compass
industry. The e-compass market report additionally employs SWOT analysis and PESTLE analysis models for further indepth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the e-compass sector. Key strategic developments in the e-compass market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the e-compass market are appropriately highlighted in the report.
The global e-compass market is experiencing significant growth that is expected to continue over the upcoming years. Also, the high demands for minerals globally will boost the global e-compass market. Also, the consumer electronics industry is growing widely such as tablets, smartphone’s, wearable devices which will further increase the demand for the e-compass market
The e-compass market research report delivers an acute valuation and taxonomy of the e-compass industry by practically splitting the market on the basis of different sensor types, technology, application, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottomup approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Years
2020-2026
Key Market Players
STMicroelectronics, Asahi Kasei Microdevices Corporation, Honeywell International, MagnaChip Semiconductor, Aichi Steel, Oceanserver Technologies, Bosch Sensortec, NXP Semiconductors N.V., InvenSense, Inc., mCube Inc., TrueNorth Technologies, PNI Sensors Corporation, and Others
Key Segment By Sensor, Technology, Application, and Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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The regional segmentation of the e-compass industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the e-compass industry is provided for the leading economies of the world.
The e-compass market is segmented based on sensor type, technology, application, and region. On the basis of sensor type, the market is classified into 1 &2 axis, 3 axis, 6 axis, and 9 axis. Based on technology, the market is bifurcated into flux gate, Hall Effect, magneto resistive, and others. Based on application, the market is classified into consumer electronics, aerospace & defense, marine, surveying, automotive, and others.
Some of the leading players in the global market include
STMicroelectronics, Asahi Kasei Microdevices Corporation, Honeywell International, MagnaChip Semiconductor, Aichi Steel, Oceanserver Technologies, Bosch Sensortec, NXP Semiconductors N.V., InvenSense, Inc., mCube Inc., TrueNorth Technologies, PNI Sensors Corporation among others.
The taxonomy of the e-compass market by its scope and segmentation is as follows:
Others
By Regional Segmentation Analysis
North America
The U.S.
Canada
Europe
Germany
The UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
