E-Compass Market Applications, Geographical Region, Types and Market Analysis to 2022

E-Compass Market

E-compass is a sensor present in today’s smartphones. The e-compass sensor acts as a real compass and is helpful in some games as well. The adoption of e-compass sensors in the consumer electronics products such as tablets, smartphones, and wearables would drive the E-compass Market in the forecast period. The e-compass sensors are a ready fit to the navigation systems installed in the portable electronic products. The reduction of the sensor packages to be efficiently integrated into the portable electronics products has significantly boosted the market growth in the recent times. The growth in consumption of wearable electronic devices would drive the market in the coming years.

The major restraint for e-compass is the presence of GPS technology as a substitute for the similar applications related with navigation. A Large number of equipment these days has integrated GPS technology and as GPS technology can also be used as a navigating compass wherever the GPS signals are present, many device makers do not see the need to add additional hardware for e-compass. The increasing demand for wearable electronics such as smart watches, fitness, and sports trackers has created a huge demand for e-compass market. The GPS-based navigation technologies are able to provide a precise location only when they are in a range of GPS signals. However, the tilt compensated e-compasses do not rely on the GPS signals and continue to provide the right direction even in the absence of a GPS signal, thereby rendering them extremely useful specifically for applications such as outdoor recreational sports.

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The market for magneto resistive technology-based e-compass sensors is expected to grow at the highest rate during the forecast period. The compact structure of the device and the miniaturization capacity of the technology have resulted in increasing adoption in the consumer electronics market. These sensors also provide fast response time which can be helpful in scenarios where the heading of the device varies at a fast rate. These features have promoted the utilization of magneto resistive sensors across various applications. The global e-compass market is segmented on the basis of technology, application, sensor type, and geography. On the basis of Technology, the global e-compass market is segmented into Hall Effect, Fluxgate, Magneto resistive, and so on. The Hall Effect-based e-compass is expected to hold the largest market share and dominate the e-compass market during the forecast period, owing to their increasing adoption within consumer electronics market which requires low cost e-compass and compact sensors in devices such as tablet computers, smartphones, gaming consoles, and so on.

On the basis of Application, the global e-compass market is segmented into aerospace & defense, consumer electronics, marine, automotive, surveying and so on. The “consumer electronics” application is expected to hold the largest market share and dominate the e-compass market during the forecast period. The increasing penetration of wearable electronics and usage of navigation-based mobile applications are creating a huge demand for e-compasses within the consumer electronics segment.  On the basis of Sensor Type, the global e-compass market is segmented into 1 & 2-axis, 3-axis, 6-axis, 9-axis, and so on. On the basis of Geography, the global e-compass market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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The Asia Pacific region is expected to hold the largest market share and dominate the e-compass market during the forecast period. The high growth and the large market can be attributed to the virtual monopoly of Asia Pacific in the production of consumer electronics. The key players of global e-compass market are STMicroelectronics, mCube Inc., MagnaChip semiconductor, Aichi Steel Corporation, Asahi Kasei Microdevices Corporation, Bosch Sensortec GmbH, Honeywell International Inc., NXP Semiconductors N.V., MEMSIC, Inc., Ocean Server Technology Inc., PNI Sensors Corporation, TrueNorth Technologies, and InvenSense Inc.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of E-Compass in these regions, from 2012 to 2022 (forecast), covering
• United States
• EU
• China
• Japan
• South Korea
• Taiwan

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Plane E-Compass
• Three Dimensional E-Compass

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of E-Compass for each application, including
• Automotive
• Aerospace & Defense
• Consumer Electronics
• Others

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