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Global E-Compass Market: By Technology: Fluxgate, Hall-Effect, Magnetoresistive, Others; By Application: Consumer Electronics, Aerospace and Defence, Automotive, Others; By Sensor Type; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global E-Compass Market Outlook

The global e-compass market reached a value of about USD 1.6 billion in 2020. The industry is further expected to grow at a CAGR of about 15% in the forecast period of 2021-2026 to reach a value of around USD 3.7 billion by 2026. 

 

The Asia Pacific to be a Significant Regional Market for E-Compass

The Asia Pacific has been a significant regional market for e-compass during the historical period and is expected to continue its prominent presence in the market in the coming years as well. This is because a large number of consumer electronics manufacturers are located in the region. As the demand for portable electronic products increases, the demand for e-compass in the Asia Pacific region is also expected to see a significant growth.

 

Global E-Compass Market

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With growing manufacturing hubs for consumer electronics in the Asia Pacific region, emerging nations such as India and China are expected to drive the demand for the adoption of e-compass sensors owing to the low cost of manufacturing, cheap labour, and increasing demand for consumer electronics. As a result, the demand for directional sensors in consumer electronics is growing progressively. Moreover, increasing FDI and huge demand potential for e-compass sensors in the Asia Pacific region is expected to boost the growth of the e-compass industry and provide lucrative opportunities for many players.

 

E-Compass: Industry Definition and Segmentation

A magnetometer, tilt sensors, and optional accelerometers and gyros make up an electronic compass or e-compass, which provides orientation and measurement in a growing number of applications. It provides mobile phones with an orientation in relation to the Earth's magnetic field.

By technology, the market can be divided into:

  • Fluxgate
  • Hall-Effect
  • Magnetoresistive
  • Others

Based on application, the market is segmented into:

  • Consumer Electronics 
  • Aerospace and Defence 
  • Automotive 
  • Marine
  • Surveying 
  • Others

On the basis of sensor type, the market is classified into:

  • 1 and 2-Axis 
  • 3-Axis 
  • 6-Axis 
  • 9-Axis

The regional markets for e-compass can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Adoption of E-Compass in Consumer Electronics Augmenting the Market Growth

The consumer electronics application segment is expected to hold a significant share in the e-compass industry, followed by automotive application, which is expected to grow at a rapid pace. The increasing adoption of e-compass in consumer electronics like smartphones, tablets, and wearable devices, growing disposable income, rapid urbanisation, and changing consumer lifestyles across the globe are the major driving factors behind the growth of the e-compass industry.

E-compass sensors are used in portable electronic devices primarily as a navigational tool. The adoption of these sensors has also been aided by the development of newer compact and low-power e-compass sensors with a higher degree of freedom. For more reliability, some applications, such as surveying and aerospace, have relied on higher-grade e-compass sensors. Additionally, the growing usage of e-compasses in autonomous underwater vehicles and unmanned aerial vehicle systems is projected to open new growth opportunities in the market. This rapid adoption of e-compass sensors in the critical sectors can be credited to the extensive research and development and constant need for upgrades to better equipment. Thus, the need for better access to technology and increasing demand for a simple user interface is propelling the growth of the e-compass industry.

 

Key Industry Players in the Global E-Compass Market

The report gives a detailed analysis of the following key players in the global e-compass market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Asahi Kasei Microdevices Corporation 
  • Robert Bosch GmbH  
  • NXP Semiconductors N.V 
  • Honeywell International Inc. 
  • Garmin Ltd.
  • STMicroelectronics N.V.  
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Application, Sensor Type, Region
Breakup by Technology Fluxgate, Hall-Effect, Magnetoresistive, Others
Breakup by Application Consumer Electronics, Aerospace and Defence, Automotive, Marine, Surveying, Others
Breakup by Sensor Type 1 and 2-Axis, 3-Axis, 6-Axis, 9-Axis
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Asahi Kasei Microdevices Corporation, Robert Bosch GmbH, NXP Semiconductors N.V, Honeywell International Inc., Garmin Ltd., STMicroelectronics N.V., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global E-Compass Market Analysis

    8.1    Key Industry Highlights
    8.2    Global E-Compass Historical Market (2016-2020) 
    8.3    Global E-Compass Market Forecast (2021-2026)
    8.4    Global E-Compass Market by Technology
        8.4.1    Fluxgate
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Hall-Effect
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Magnetoresistive
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
    8.5    Global E-Compass Market by Application
        8.5.1    Consumer Electronics
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Aerospace and Defence
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Automotive
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Marine
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Surveying
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Others
    8.6    Global E-Compass Market by Sensor Type
        8.6.1    1 and 2-Axis
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    3-Axis
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    6-Axis
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    9-Axis
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
    8.7    Global E-Compass Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Asahi Kasei Microdevices Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Robert Bosch GmbH
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    NXP Semiconductors N.V
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Honeywell International Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Garmin Ltd.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    STMicroelectronics N.V.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications    
        12.2.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global E-Compass Market: Key Industry Highlights, 2016 and 2026
2.    Global E-Compass Historical Market: Breakup by Technology (USD Billion), 2016-2020
3.    Global E-Compass Market Forecast: Breakup by Technology (USD Billion), 2021-2026
4.    Global E-Compass Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global E-Compass Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global E-Compass Historical Market: Breakup by Sensor Type (USD Billion), 2016-2020
7.    Global E-Compass Market Forecast: Breakup by Sensor Type (USD Billion), 2021-2026
8.    Global E-Compass Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global E-Compass Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America E-Compass Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America E-Compass Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe E-Compass Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe E-Compass Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific E-Compass Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific E-Compass Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America E-Compass Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America E-Compass Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa E-Compass Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa E-Compass Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global E-Compass Market Structure

Key Questions Answered in the Report

In 2020, the global e-compass market attained a value of nearly USD 1.6 billion.

The market is projected to grow at a CAGR of 15% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 3.7 billion by 2026.

The major drivers of the market include the growing disposable income, rapid urbanisation, low cost of manufacturing, changing consumer’s lifestyles, growing usage of e-compasses in autonomous underwater vehicles and unmanned aerial vehicle systems, and rising access to technology.

The rising adoption of consumer electronics and automotive applications are the key industry trends propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

On the basis of technology, that market is categorised into fluxgate, hall-effect, and magnetoresistive, among others.

The significant applications of e-compass in the market are consumer electronics, aerospace and defence, automotive, marine, and surveying, among others.

The leading sensor types of sensor types in the industry are 1 and 2- axis, 3-axis, 6-Axis, and 9-Axis.

The major players in the industry are Asahi Kasei Microdevices Corporation, Robert Bosch GmbH, NXP Semiconductors N.V, Honeywell International Inc., Garmin Ltd., and STMicroelectronics N.V., among others.

Analyst Review

The global e-compass market attained a value of nearly USD 1.6 billion in 2020, driven by the rising adoption of consumer electronics and automotive applications. Aided by the low cost of manufacturing and the rising access to technology, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 15%. The market is projected to reach almost USD 3.7 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of technology, that market is categorised into fluxgate, hall-effect, and magnetoresistive, among others. Based on the application, the  market can be segmented into consumer electronics, aerospace and defence, automotive, marine, and surveying, among others. On the basis of sensor types, the market is classified into 1 and 2-axis, 3-axis, 6-axis, and 9-axis. The major regional markets for e-compass are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Asahi Kasei Microdevices Corporation, Robert Bosch GmbH, NXP Semiconductors N.V, Honeywell International Inc., Garmin Ltd., and STMicroelectronics N.V., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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