Press release
Global Digital Compass Market Set to Make Rapid Strides in 2020-2027
The global Digital Compass market report provided by Global Market Monitor analyzes the industry and major market trends in detail, and divides the market size by volume and value according to application types and geographic locations.
Digital Compass enhances the positioning of GPS devices by providing directional information with significant built-in accuracy, making it useful for location-based services and other applications. Key applications include industrial, personal, construction, transportation, and military applications. Global manufacturers are concentrated in countries such as the US, UK, Europe and China. The U.S. is considered as a major region due to the innovative technology offering advanced software and hardware and high visibility of location-based services among consumers. Asia Pacific is expected to emerge as a high-growth Digital Compass market over the forecast period due to growing demand for smartphones. Significant demand potential and low labor costs are expected to help China and India emerge as global hubs for Digital Compass manufacturing.
Digital Compass is like its analog counterpart. Both compasses use the Earth’s magnetic field to determine which way is North, and both help bikers, hikers, mapmakers and trail makers know which direction they are heading. The difference is that an analog compass can wobble because of movement and may encounter interference from strong magnetic sources, so inaccuracy is a problem. A digital compass is much more accurate and sturdy, because it will only use the North Pole as a guiding mechanism. Aside from serious hikers and trail makers, the military also uses these compasses for the best accuracy.
The major factor driving the market growth is the continuous demand for handheld electronic devices such as watches, smartphones, tablets, GPS, and other connected devices. Growing demand for simpler user interfaces and better use of the technology has led to the growth of Digital Compass. Its use in navigation has become a standard requirement for smartphones, gaming devices, and tablets, thereby promising to significantly increase the growth of the Digital Compass market. With the introduction of GPS, they are thus an important part of GPS devices, thereby driving the growth of the Digital Compass market.
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Key participants
Key global participants in the Digital Compass market include:
Kusaba Engineers
ST Microelectronics
Garmin
Aichi Steel Corporation
BARIGO Barometerfabrik GmbH
Sparton Corporation
Texas Instruments
AKM
Honeywell International
RoboSail Systems
InvenSense
Asahi Kasei Microdevices
Baolab Microsystems
KVH Industries
Robert Bosch
Bell Automotive Products
Application Outline:
Mobile Phones
Tablets
Automotives
Others
Type Synopsis:
3-axis Type
6-axis Type
9-axis Type
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Digital Compass Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Digital Compass Market by Types
4 Segmentation of Digital Compass Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Digital Compass Market in Major Countries
7 North America Digital Compass Landscape Analysis
8 Europe Digital Compass Landscape Analysis
9 Asia Pacific Digital Compass Landscape Analysis
10 Latin America, Middle East & Africa Digital Compass Landscape Analysis
11 Major Players Profile
…
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The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, development trends, and economic development in these countries are also taken into consideration.
Target Audience:
Digital Compass manufacturers
Distributors and resellers of Digital Compass
Digital Compass industry associations
Product managers, Digital Compass industry administrator, C-level executives of the industries
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
Digital Compass potential investors
Digital Compass key stakeholders
Digital Compass end-user sectors
Research and Development (R&D) companies
What Information does this report contain?
The report covers the prediction and analysis of the global Digital Compass market at the global and regional levels.
The report includes drivers and constraints that affect market growth.
Discussed details about market opportunities
The assessments for the regional market layout characteristics in the world.
The report includes detailed company profiles for prominent market participants.
Available Customizations – Market Monitor offers customizations according to the company's specific needs.
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About Global Market Monitor
Global Market Monitor is a professional modern consulting company, engaged in three major business categories such as market research services, business advisory, technology consulting.
We always maintain the win-win spirit, reliable quality and the vision of keeping pace with The Times, to help enterprises achieve revenue growth, cost reduction, and efficiency improvement, and significantly avoid operational risks, to achieve lean growth. Global Market Monitor has provided professional market research, investment consulting, and competitive intelligence services to thousands of organizations, including start-ups, government agencies, banks, research institutes, industry associations, consulting firms, and investment firms.
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