Pune, India -- (SBWire) -- 04/19/2018 --E-compass is an electronic device, which uses earth's magnetic field for determination of user's geographic direction. It can be used as an accelerometer as well as magnetometer. This device is integrated with microelectromechanical systems. It is a technology, which merges nanoscale into nanoelectromechanical systems and nanotechnology. It provides directional information and exactness in the positioning of the global positioning system devices.
The Global E-Compass Market is Estimated to grow at CAGR of +14% During Forecast Period
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The e-compass has applications across a number of verticals. The portable electronic devices deploy e-compass sensors, primarily as a navigational tool. The huge volume of sales of these devices such as smartphones, tablets, and wearables has driven the market. The development of newer compact and low-power e-compass sensors have more degree of freedom have also incentivized the adoption of these sensors. Some applications such as surveying and aerospace have relied on higher grade e-compass sensors for more reliability.
Top Companies Profiled in this Report includes, Honeywell International, NXP Semiconductors, Asahi Kasei Microdevices Corporation, Bosch Sensortec GmbH, ST Microelectronics, Magnachip Semiconductor, Invensense Inc., MEMSIC, Oceanserver Technologies, PNI Sensors Corporation, Truenorth Technologies Ltd, MCube Inc
E-Compass market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.
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The growth of the global e-compass market is driven by growing adoption of e-compass in consumer electronics including wearable, tablets, and smartphones. The macroeconomic factors responsible for the growth of global e-compass market include rapid rate of urbanization, rising disposable income, changing lifestyle, and growing economies. The major restraining factor for global e-compass market is the dominance of GPS technology in advanced consumer electronics and automotive products. The factor trending the demand for global e-compass market include the use of e-compass sensors based on magneto-resistive technology.
Various factors are responsible behind the market's growth trail, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the Global E-Compass market. It also gauges the bargaining power of suppliers and buyers, threat to the new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the market's trajectory between forecast periods.
E-Compass market is segmented on the basis of various parameters. The factors which are impacting the market's growth are studied in detail. The report also presents a overall weaknesses which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period. Besides this, profiles of some of the leading players operating and encouraging in the growth of the Global market are included in the study. Additionally, using SWOT analysis, markets weaknesses and strengths are analyzed. It also helps the report provide insights into the opportunities and threats that these companies may face during the forecast period.
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Table of Contents
Global E-Compass Market Research Report
Chapter 1 E-Compass Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global E-Compass Market Forecast
Incredible Possibilities of E-Compass Market to Grow at CAGR of +14% by Technology (Fluxgate, Hall Effect, Magnetoresistive) – Global Forecast to 2022
The demand for e-compass sensors is expected to increase due to the requirement of the consumer electronics industry, especially in wearable devices market. The adoption of e-compass sensors in consumer electronics and growth of the wearable devices market is expected to drive the market. The base year considered for the study is 2015 and the market size forecast has been given for the period between 2016 and 2022.