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: Drivers & Restraint
Market Driver:
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:
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: 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 |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
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 |
For the scope of the report, In-depth segmentation is offered by Forencis Research
E-Compass Market, by Component
E-Compass Market, by Technology
E-Compass Market, by End Use Industry
E-Compass Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE E-Compass MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY