According to a new report by ResearchAndMarkets, the global e-compass market is expected to grow at a CAGR of 14% from 2019 to 2024. The report titled “E-Compass Market Report: Trends, Forecast and Competitive Analysis,” states that the future of the E-compass market looks promising with opportunities in the consumer electronics, aerospace and defense, automotive, marine, and surveying industries.
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-compass in UAVs and AUVs.
Some of the E-compass companies profiled in this report include Aichi Steel, Honeywell International, NXP Semiconductors, Asahi Kasei Microdevices, Bosch Sensortec, ST Microelectronics, Magnachip Semiconductor, TDK, Memsic, Oceanserver Technologies, and others, ResearchAndMarkets reports in a press release.
Some of the features of the report include:
Market size estimates: E-compass market size estimation in terms of value ($M) shipment.
Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use industry.
Segmentation analysis: Market size by various segments such as by technology and end use industry, and region.
Regional analysis: E-compass market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions for E-compass in the E-compass market.
Strategic analysis: This includes M&A, new product development, and competitive landscape for E-compass in the E-compass market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:
- What are some of the most promising potential, high-growth opportunities for the E-compass market by technology (fluxgate, hall-effect, and magneto resistive), end use industry (consumer electronics, aerospace & defense, automotive, marine, and surveying), and region (North America, Europe, APAC, and ROW)?
- Which segments will grow at a faster pace and why?
- Which regions will grow at a faster pace and why?
- What are the key factors affecting market dynamics? What are the drivers and challenges of the E-compass market?
- What are the business risks and threats to the E-compass market?
- What are emerging trends in this E-compass market and the reasons behind them?
- What are some changing demands of customers in the E-compass market?
- What are the new developments in the E-compass market? Which companies are leading these developments?
- Who are the major players in this E-compass market? What strategic initiatives are being implemented by key players for business growth?
- 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?
- What M&A activities have taken place in the last 5 years in this, E-compass market?