E-Compass Market by Component (Sensor, Software), by Technology (Fluxgate, Magnetoresistive, Hall Effect) by End Use Industry (Consumer Electronics, Automotive, Healthcare) by Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast from 2020 To 2027

E-Compass Market - Global Industry Analysis and Forecast 2020 to 2027

E-Compass Market: Summary

The Global E-Compass Market is projected to reach a value of over USD 2.4 billion by 2027 at a CAGR of around 13.3%.

E-compass combines high performance low power magnetometer and accelerometer with high temperature compensation and high dynamic range. E compass consists of smart power function which minimizes current consumption and embedded self-test features that allows end user to check the sensor function in the final application. E-compass offers various features for advanced navigation and location-based services in different consumer or industrial electronic devices such as tilt-compensated compasses, map rotation, intelligent power-saving for handheld devices, gaming and virtual reality input devices, position and free-fall detection, motion-activated functions, pedometers, display orientation, impact recognition and logging, and vibration monitoring & compensation.

E-Compass Market


E-Compass Market: Drivers & Restraint

Market Driver:

  • Increasing Usage of Smartphone, Tablets, and Gaming Devices

 In today’s world, Smartphones, laptops, and tablets are come up with so many sensors to provide better user experience, provide applications with enhanced information, and provide increased and robust battery life. Digital compass, which is based on magnetometer sensor provide simple orientation in relation to the Earth's magnetic field to smartphone. This development will provide the north direction as user rotates digital maps depending on physical orientation. This will drive the market during growth period.

Market Restraint:

  • Increasing Usage of GPS

Global Positioning System (GPS) is a space-based radio navigation system, owned by the US government and operated by the United States Air Force (USAF). GPS is comprised of three different segments: the space segment, control segment and user segment. Global Positioning Systems (GPS) receivers are hand-held devices that not only tell you which direction you're going, but will devise routes for you, as well as provide you with a map. Many GPS devices even come loaded with topographical and trail maps, not just road maps. Hence it will impact negatively on the growth of E compass market during forecast period.       

E-Compass Market: Key Segments

  • Segmentation based on component: Sensor and Software
  • Segmentation based on technology: Fluxgate, Magnetoresistive, and Hall Effect
  • Segmentation based on end use industry: Consumer Electronics, IT & Telecommunication, Automotive, Aerospace & Defense, Marine, Healthcare, and Others
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

E-Compass Market: Report Scope

The report on the E-compass market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Component, Technology, End Use Industry, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • STMicroelectronics (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • NXP Semiconductors
  • Bosch Sensortec GmbH
  • TDK Corporation
  • Honeywell International Inc.
  • Asahi Kasei Microdevices Corporation
  • NEXTY Electronics Corporation (Toyota Tsusho)
  • PNI Sensor
  • MEMSIC Semiconductor (Tianjin) Co., Ltd.
  • KuSaBa Engineers Private Limited
  • Texas Instruments Incorporated
  • mCube
  • Other Key Companies

E-Compass Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

E-Compass Market, by Component

  • Sensors
    • Single Axis
    • Double Axis
    • Triple Axis
    • 6-Axis
    • 9-Axis
    • RS 232 Output
    • RS 485 Output
  • Software

E-Compass Market, by Technology

  • Fluxgate
  • Magnetoresistive
  • Hall Effect

E-Compass Market, by End Use Industry

  • Consumer Electronics
  • IT & Telecommunication
  • Automotive
  • Aerospace & Defense
  • Marine
  • Healthcare
  • Others

E-Compass Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Switzerland
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • E-Compass Market Providers
  • E-Compass Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of E-Compass Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms


    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
    1. Introduction
    2. Drivers
      1. Growing Wearable Devices Market
      2. Increasing Usage of Smartphone, Tablets, and Gaming Devices
    3. Restraint
      1. Increasing Usage of GPS
    4. Opportunities
      1. Growing Autonomous Car Market
      2. Increasing Demand from Autonomous underwater vehicles (AUVs)
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  2. GLOBAL E-COMPASS MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Sensors
      1. Single Axis
      2. Double Axis
      3. Triple Axis
      4. 6-Axis
      5. 9-Axis
      6. RS 232 Output
      7. RS 485 Output
    3. Software
  3. GLOBAL E-COMPASS MARKET BY TECHNOLOGY, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Fluxgate
    3. Magnetoresistive
    4. Hall Effect
  4. GLOBAL E-COMPASS MARKET BY END USE INDUSTRY, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Consumer Electronics
    3. IT & Telecommunication
    4. Automotive
    5. Aerospace & Defense
    6. Marine
    7. Healthcare
    8. Others
  5. GLOBAL E-COMPASS MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Switzerland
      7. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    1.  STMicroelectronics
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. NXP Semiconductors
    3. Bosch Sensortec GmbH 
    4. TDK Corporation
    5. Honeywell International Inc.
    6.  Asahi Kasei Microdevices Corporation
    7.  NEXTY Electronics Corporation (Toyota Tsusho)
    8. PNI Sensor
    9.  MEMSIC Semiconductor (Tianjin) Co., Ltd. 
    10. KuSaBa Engineers Private Limited
    11.  Texas Instruments Incorporated
    12. mCube
    13. Other Key Companies
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain


Rep Id : SC 0107

Published : September, 2020


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