Digital Compass (E-compass) Market - Segmentation, Drivers and Restraints, Regional Outlook, Global Research Report
Obtain Report Details @
Critical sectors, such as aviation, defense, and marine, require high-grade 1- and 2-axis sensors for their operation. Extensive investment in R&D in these sectors and a constant need for upgrades to better equipment drive the growth of the digital compass market. The use of e-compass navigation is becoming a prerequisite in smartphones, tablets, and gaming devices, which is also driving the market growth. Additionally, rising demand for simple user interfaces and better access to technologies is fuelling the development of digital compasses. However, the widespread use of GPS technology is expected to hinder the growth of digital compass market. Also, in terms of cost, Hall Effect antennas are more economical and these sensors are “miniaturized.” The radio frequency components of conventional devices are declining due to the implementation of new standards (LTE and LTE-A). LTE stands for “long-term evolution” and is short for a very technical process for high-speed data for phones and other mobile devices. This is increasing the usage of the number of sensors for location-based tracking services, which is intended to unlock new opportunities for the digital compass market.
The global digital compass market is segmented on the basis of technology, application, sensor type, and region. In terms of technology, the market can be segmented into fluxgate, Hall Effect and magnetoresistive. The digital compass market is classified on the basis of application into consumer electronics, aerospace and defense, automotive, marine, and surveying. On the basis of sensor type, the market is classified into 1- & 2-axis, 3-axis, 6-axis, and 9-axis sensors. The market is segmented in terms of geographical regions into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA). Asia Pacific economies are expected to lead the digital compass market because many consumer electronics buyers of digital compass antennas are situated in this region. Also, the mobile electronics products deploying these sensors are in demand and the demand is increasing, which is resulting in the growth of the Asia Pacific economies in the digital compass market. Low labor costs and huge demand potential are expected to help India and China emerge as worldwide hubs for digital compass manufacturing industries.
Fill the form for an exclusive sample of this report @
Industry participants leading the digital compass market with the most significant developments are Asahi Kasei Micro Devices Corporation, Robert Bosch GmbH, NXP Semiconductors, Honeywell International, Inc., Kusaba Engineers Private Limited, Sparton Corporation, Texas Instruments, Garmin Ltd., STMicroelectronics, and BARIGO Barometerfabrik GmbH, among others.
About Us :
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us :-
Transparency Market Research
90 State Street,
Albany NY - 12207
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital Compass (E-compass) Market - Segmentation, Drivers and Restraints, Regional Outlook, Global Research Report here
News-ID: 562992 • Views: 452
More Releases from TMR
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031. The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,
Global Infrared Sensors Market to Reach US$ 1.1 Bn by 2031
The global infrared sensors market was valued at US$ 680.9 Mn in 2021 and is projected to register compound annual growth rate (CAGR) of over 5.4% from 2022 to 2031, according to a new report published by Transparency Market Research (TMR) titled "Infrared Sensors Market (Type: Passive IR Sensors and Active IR Sensors; and Wavelength: 0.75 µm to 3 µm, 3 µm to 6 µm, and > 6 µm) -
More Releases for GPS
Global GPS Equipment Market | Global GPS Equipment Industry | Global GPS Equipme …
GPS or Global Positioning System equipment is used to find the real-time location-based accurate information of any vehicle, or other types of assets. GPS detects the person or vehicle that uses the GPS to track its exact location. The location information is stored & transmitted to others, which are connected by the internet using radio, cellular, or satellite modem embedded in the unit. It comprises a GPS module for receiving
Global GPS Equipment Market | Global GPS Equipment Industry | GPS Equipment Mark …
Global Positioning System or GPS equipment market comprises of sales of global positioning systems equipment & related services to determine the ground position of an object through GPS satellites. It is a satellite navigation system that transmits accurate signals that allow GPS equipment to decode or measure the desired location of the satellite. These equipments are smaller in size. With the advent of technologies, it has been possible to develop
Global GPS Fleet Tracking System Market 2020 Industry Analysis by Manufacturers …
The market research report entitled Global GPS Fleet Tracking System Market 2020 by Company, Type and Application, Forecast to 2025 provides analysis on market conditions, trends, capability, key players, opportunities, and geographical analysis. The report proves to be an ultimate solution when it comes to a better understanding of the industry and leads the business growth. The report covers an overview of the segments and sub-segmentations including the product types,
GPS Market analysis report- with Leading players and Major Applications: GPS-Ena …
GPS Market Worldwide Market Reports has announced the addition of the “Global GPS Market Size, Status and Forecast 2019-2025”, The report classifies the global Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. Global positioning system (GPS) is a global navigation satellite system that provides information about time and geolocation to the receiver anywhere on or near the earth where four
Location Based Services Market Report 2018: Segmentation by Component (Hardware, …
Global Location Based Services market research report provides company profile for Cisco Systems, Inc., Google Inc., Alcatel-Lucent SA, AT&T Inc., International Business Machines Corporation, Ltd., Qualcomm Inc., Microsoft Corporation, Oracle Corporation, Apple, Inc., and Bharti Airtel, LTD. and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue,
GPS Tracking Device Market - Increased Accuracy Of GPS And Decreased In Cost Of …
Navigators and security systems have always been a necessity things of human’s life. The developments of advanced electronics have brought revolutionary changes in these fields. The GPS tracking devices are an electronic device used for tracking location of devices. Most of the tracking systems use GPS module to find out the device position. Many systems also combine communication components such as satellite transmitters to communicate the device location to a