According to a market report by Lucintel, the future of the E-Compass market looks promising with opportunities in the consumer electronics, aerospace and defense, automotive, marine, and surveying industries. The E-Compass market is expected to grow with a CAGR of 14% from 2019 to 2024. The major drivers for this market are adoption of E-Compass sensors in consumer electronics, growth of the wearable device market, and use of E-Compasses in UAVs and AUVs.
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In this market, fluxgate, hall-effect, and magneto resistive are the major technology types. Within the E-Compass market, consumer electronics, aerospace and defense, automotive, marine, and surveying are the major end use industries. 1 & 2-axis, 3-axis, 6-axis, 9-axis are the major sensor types of the E-Compass market.
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APAC will remain the largest market over the forecast period.
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Aichi Steel, Honeywell International, NXP Semiconductors, Asahi Kasei Microdevices, Bosch Sensortec, ST Microelectronics, Magnachip Semiconductor, TDK, Memsic, Oceanserver Technologies, PNI Sensors Corporation are among the major manufacturers of E-Compass.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the E-Compass market by technology, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “E-Compass Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the E-Compass market by technology, end use industry, and region as follows:
By Technology [$M shipment analysis for 2013 – 2024]:
By End Use Industry [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
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This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/e-compass-market.aspx or [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the global E-Compass market by technology (fluxgate, hall-effect, and magneto resistive), by end use industry (consumer electronics, aerospace & defense, automotive, marine, and surveying), and by region (North America, Europe, APAC, ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the E-Compass market?
Q.5 What are the business risks and threats to the E-Compass market?
Q.6 What are emerging trends in this E-Compass market and the reasons behind them?
Q.7 What are some changing demands of customers in the E-Compass market?
Q.8 What are the new developments in the E-Compass market? Which companies are leading these developments?
Q.9 Who are the major players in this E-Compass market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this E-Compass area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this E-Compass market?”
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