North America Electronic Compass Market – Size, Outlook, Trends and Forecast (2024

North America Electronic Compass Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

E-compass consists of a magnetometer and an accelerometer. In most of the electronic devices such as watches, tablets, smartphones and GPS devices, e-compass are becoming the universal part. E-compass provide the directional information which enhances GPS devices with the built-in accuracy.

North America Electronic Compass Market Size:

North America Electronic Compass market is poised to reach the value of $XX billion in 2024 from $XX billion in 2017, growing with the CAGR of XX%. Key points like the use of E-Compasses in UAVs and AUVs, the growth of the wearable devices market, adoption of e-compass sensors in consumer electronics, investment in R&D and need for upgrades to better equipment and rising demand for the simpler user interfaces and better access to technologies are driving the market growth. Whereas the facts like widespread use of GPS technology, changing geomagnetic maps and data accuracy and calibration issues are hampering the market growth. The market has opportunities like upcoming autonomous cars market, potential use in augmented reality and gaming applications and an increase in the usage of many sensors for location-based tracking services.

North America Electronic Compass Market Share:

Sensor Type, Technology, Application and geographical regions are the segments present in the Electronic Compass market. By Sensor Type, the market is classified

North America Electronic Compass Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

into 1&2 Axis, 3-Axis, 6-Axis and 9-Axis. 1&2 Axis e-compass sensors are the fastest growing as well as dominant market owing to the high-grade requirement of 1&2 Axis sensors in aviation, defence, and marine sectors. By technology, the market is segmented into fluxgate, Hall Effect, magnetoresistive and others. Hall Effect technology is dominant owing to the facts like Hall Effect technology is much economical regarding cost and miniaturised in the form of ICs.

By application, the making it the

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North America Electronic Compass Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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