The new report from Expert Market Research titled, “Global e-compass Market Share, Price, Trends, Growth, Report and Forecast 2023-2028”, provides an in-depth analysis of the global e-compass market, assessing the – the compass. market based on its segments such as technologies, applications, sensor types, and key regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, along with market analysis based on SWOT and Porter’s Five Forces models.
Highlights of the report include:
Market Overview (2018-2028)
Historic market size (2020): $1.6 billion
Forecast CAGR (2023-2028): 15%
Estimated market size (2026): $3.7 billion
The global e-compass market is being driven by growing application in end-use sectors such as aerospace, defense, automotive, marine, construction, and consumer electronics, among others. The e-compass consumer electronics application segment is contributing significantly to the growing market. This may be coupled with the increasing integration of digital compasses into smartphones, smartwatches, and tablets, among others.
Get Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/e-compass-market/requestsample
In addition, e-compasses in consumer electronics eliminate the need to carry an additional device, making digital compasses more accessible, thereby contributing to market growth. In addition, e-compasses provide guidance information, which is essential to support GPS technology in smartphones and vehicle entertainment systems.
Industry definition and key segments
An electronic compass refers to a digital device that uses the earth’s magnetic field to allow the user to determine direction. A magnetometer, tilt sensors, optional accelerometers and gyros make up an electronic compass.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/e-compass-market
Based on technology, the market can be classified into:
The market, based on the application, can be divided into:
Aerospace and Defense
Based on sensor type, the market can be segmented into:
1 and 2-Axis
Regional markets for e-compass include:
Middle East and Africa
Growth in the global e-compass market is anticipated to be driven by applications in the aerospace and defense sectors. This may be associated with increased air traffic due to the booming airline industry. Growing demand for GPS technology to navigate routes in passenger, cargo and military aircraft is likely to drive the market.
Moreover, increasing advancements in UAV and AUV technology is another factor projected to drive the growth of the market over the forecast years. Additionally, increased investment by government agencies in improving the defense sector in major developed and developing countries is expected to have a positive impact on the market in the coming years.
Major market players
Key players in the market are Asahi Kasei Microdevices Corporation, Robert Bosch GmbH, NXP Semiconductors NV, Honeywell International Inc., Garmin Ltd. and STMicroelectronics NV, among others. The report covers market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other recent developments of these market players.
Read more reports:
Torula Yeast Market: https://www.marketwatch.com/press-release/torula-yeast-market-price-share-size-industry-analysis-trends-forecast-report-2023-2028-2023-05-30? mod=search_title
Intrauterine Pressure Catheters Market: https://www.marketwatch.com/press-release/intrauterine-pressure-catheters-market-growth-size-share-price-analysis-report-and-forecast-2023-2028-2023 -05 -30?mod=search_headline
Pigmentation Disorder Treatment Market: https://www.marketwatch.com/press-release/pigmentation-disorder-treatment-market-price-size-share-analysis-forecast-report-2023-2028-2023-05- 30?mod =search_title
Sodium Lauroyl Isethionate Market: https://www.marketwatch.com/press-release/sodium-lauroyl-isethionate-market-share-price-size-industry-analysis-forecast-2023-2028-2023-05-30? mod = search_title
Expert Market Research (EMR) is the leading market research company with clients across the globe. Through comprehensive data collection and skilled data analysis and interpretation, the company provides its clients with extensive, up-to-date and actionable market intelligence, which enables them to make informed and intelligent decisions and strengthen their position in the market. Clientele ranges from Fortune 1000 companies to small and medium enterprises.
EMR customizes shared reports according to customer requirements and expectations. The company is active in over 15 popular industry areas, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture and pharmaceuticals, among others.
Over 3,000 EMR consultants and more than 100 analysts work hard to ensure customers receive only the most up-to-date, relevant, accurate and actionable industry intelligence so they can formulate informed business strategies, effective and intelligent and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person: Christopher, Corporate Sales Specialist – USA
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloucester Street, Sheridan, WY 82801, USA