Reports
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 (2018-2028); 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 2023-2028 to reach a value of around USD 3.7 billion by 2026.
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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. 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: Market 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.
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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.
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global E-Compass Market Analysis
8.1 Key Industry Highlights
8.2 Global E-Compass Historical Market (2018-2022)
8.3 Global E-Compass Market Forecast (2023-2028)
8.4 Global E-Compass Market by Technology
8.4.1 Fluxgate
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Hall-Effect
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Magnetoresistive
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global E-Compass Market by Application
8.5.1 Consumer Electronics
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Aerospace and Defence
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Automotive
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Marine
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Surveying
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global E-Compass Market by Sensor Type
8.6.1 1 and 2-Axis
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 3-Axis
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 6-Axis
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 9-Axis
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.7 Global E-Compass Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America E-Compass Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe E-Compass Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific E-Compass Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America E-Compass Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa E-Compass Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Asahi Kasei Microdevices Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Robert Bosch GmbH
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 NXP Semiconductors N.V
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Honeywell International Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Garmin Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 STMicroelectronics N.V.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global E-Compass Market: Key Industry Highlights, 2018 and 2028
2. Global E-Compass Historical Market: Breakup by Technology (USD Billion), 2018-2022
3. Global E-Compass Market Forecast: Breakup by Technology (USD Billion), 2023-2028
4. Global E-Compass Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global E-Compass Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global E-Compass Historical Market: Breakup by Sensor Type (USD Billion), 2018-2022
7. Global E-Compass Market Forecast: Breakup by Sensor Type (USD Billion), 2023-2028
8. Global E-Compass Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global E-Compass Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America E-Compass Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America E-Compass Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe E-Compass Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe E-Compass Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific E-Compass Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific E-Compass Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America E-Compass Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America E-Compass Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa E-Compass Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa E-Compass Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2023-2028 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 2023-2028, 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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