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- Europe Electronic Compass Market – Size, Outlook, Trends and Forecast (2023 – 2030)
E-compass is the electronic compass which is usually a compact device that uses the earth magnetic field to allow the determination of the user’s geographic direction. E-compass provide the directional information which enhances GPS devices with the built-in accuracy. These are also used in the location-based services with the other applications including industry, construction, military, transportation and others.
Europe Electronic Compass Market Size:
Europe 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 increases in the usage of many sensors for location-based tracking services.
Europe 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 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 market is classified into consumer electronics, aerospace and defence, marine, automotive, surveying and others. Consumer electronics segment is the large segment owing to the higher adoption rate in the electronic instruments, and automotive application is expected to show the highest growth rate during the forecast period. Incorporation of electronic compasses in the new model automotive is driving the growth. By geography, the market is classified into UK, Germany, France, Italy, Spain and others. Europe is the predominant markets with the incorporation of the E-compass into vehicles is set to drive the market growth in these regions.
Europe Electronic Compass Market Trends:
- STMicroelectronics unveiled a MEMS digital compass module LSM303DLH which has high accuracy coupled with low power consumption.
- The industrial magnetometer and eCompass from STMicroelectronics are boosting the smart-meter tamper detect and the precision motion sensing.
Europe Electronic Compass Market Research Reports Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact on altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Bosch Sensortec GmbH
- Oceanserver Technologies Inc.
- NXP Semiconductors N.V.
- ST Microelectronics N.V.
- Aichi Steel Corporation
Along with these companies, there were many other companies are considered in the report while analysing the Europe Electronic Compass market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Use of E-Compasses in UAVs and AUVs.
4.1.2. The growth of the wearable devices market.
4.1.3. Adoption of e-compass sensors in consumer electronics.
4.1.4. Investment in R&D and need for upgrades to better equipment.
4.1.5. Rising demand for the simpler user interfaces and better access to technologies.
4.2. Restraints & Challenges
4.2.1. Widespread Usage of GPS Technology
4.2.2. Changing Geomagnetic Maps
4.2.3. Data Accuracy and Calibration Issues
4.3. Opportunities
4.3.1. Upcoming Autonomous Cars Market
4.3.2. Potential Use in Augmented Reality and Gaming Applications
4.3.3. Increase in the usage of many sensors for location-based tracking services.
5. Europe Electronic Compass Market – By Sensor Type
5.1. 1&2 Axis
5.2. 3 Axis
5.3. 6 Axis
5.4. 9 Axis
6. Europe Electronic Compass Market – By Technology
6.1. Fluxgate
6.2. Hall-effect
6.3. Magnetoresistive
6.4. Others
7. Europe Electronic Compass Market – By Application
7.1. Consumer Electronics
7.2. Automotive
7.3. Aerospace & Defence
7.4. Marine
7.5. Surveying
7.6. Others
8. Europe Electronic Compass Market – By Geography
8.1. Introduction
8.2. Europe
8.2.1. U.K.
8.2.2. Germany
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Others
9. Company Profiles
9.1. Bosch Sensortec GmbH
9.2. Oceanserver Technologies Inc.
9.3. NXP Semiconductors N.V.
9.4. ST Microelectronics N.V.
9.5. Aichi Steel Corporation
9.6. Asahi Kasei Microdevices Corporation
9.7. Magnachip Semiconductor
9.8. Invensense Inc.
9.9. Memsic Inc.
9.10. Truenorth Technologies Ltd.
9.11. PNI Sensors Corporation
9.12. Honeywell International Inc.
9.13. Mcube Inc.
10. Europe Electronic Compass Market – Competitive Landscape
10.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
10.2 Strategies Adopted By Top Companies
10.3 Market Share Analysis
11. Market Insights
11.1 Insights of Industry Experts
11.2 Investment Opportunities
11.3 Analyst Opinion
12. Appendix
12.1 List of Tables
12.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Description
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E-compass is the electronic compass which is usually a compact device that uses the earth magnetic field to allow the determination of the user’s geographic direction. E-compass provide the directional information which enhances GPS devices with the built-in accuracy. These are also used in the location-based services with the other applications including industry, construction, military, transportation and others.
Europe Electronic Compass Market Size:
Europe 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 increases in the usage of many sensors for location-based tracking services.
Europe 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 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 market is classified into consumer electronics, aerospace and defence, marine, automotive, surveying and others. Consumer electronics segment is the large segment owing to the higher adoption rate in the electronic instruments, and automotive application is expected to show the highest growth rate during the forecast period. Incorporation of electronic compasses in the new model automotive is driving the growth. By geography, the market is classified into UK, Germany, France, Italy, Spain and others. Europe is the predominant markets with the incorporation of the E-compass into vehicles is set to drive the market growth in these regions.
Europe Electronic Compass Market Trends:
- STMicroelectronics unveiled a MEMS digital compass module LSM303DLH which has high accuracy coupled with low power consumption.
- The industrial magnetometer and eCompass from STMicroelectronics are boosting the smart-meter tamper detect and the precision motion sensing.
Europe Electronic Compass Market Research Reports Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact on altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Bosch Sensortec GmbH
- Oceanserver Technologies Inc.
- NXP Semiconductors N.V.
- ST Microelectronics N.V.
- Aichi Steel Corporation
Along with these companies, there were many other companies are considered in the report while analysing the Europe Electronic Compass market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Use of E-Compasses in UAVs and AUVs.
4.1.2. The growth of the wearable devices market.
4.1.3. Adoption of e-compass sensors in consumer electronics.
4.1.4. Investment in R&D and need for upgrades to better equipment.
4.1.5. Rising demand for the simpler user interfaces and better access to technologies.
4.2. Restraints & Challenges
4.2.1. Widespread Usage of GPS Technology
4.2.2. Changing Geomagnetic Maps
4.2.3. Data Accuracy and Calibration Issues
4.3. Opportunities
4.3.1. Upcoming Autonomous Cars Market
4.3.2. Potential Use in Augmented Reality and Gaming Applications
4.3.3. Increase in the usage of many sensors for location-based tracking services.
5. Europe Electronic Compass Market – By Sensor Type
5.1. 1&2 Axis
5.2. 3 Axis
5.3. 6 Axis
5.4. 9 Axis
6. Europe Electronic Compass Market – By Technology
6.1. Fluxgate
6.2. Hall-effect
6.3. Magnetoresistive
6.4. Others
7. Europe Electronic Compass Market – By Application
7.1. Consumer Electronics
7.2. Automotive
7.3. Aerospace & Defence
7.4. Marine
7.5. Surveying
7.6. Others
8. Europe Electronic Compass Market – By Geography
8.1. Introduction
8.2. Europe
8.2.1. U.K.
8.2.2. Germany
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Others
9. Company Profiles
9.1. Bosch Sensortec GmbH
9.2. Oceanserver Technologies Inc.
9.3. NXP Semiconductors N.V.
9.4. ST Microelectronics N.V.
9.5. Aichi Steel Corporation
9.6. Asahi Kasei Microdevices Corporation
9.7. Magnachip Semiconductor
9.8. Invensense Inc.
9.9. Memsic Inc.
9.10. Truenorth Technologies Ltd.
9.11. PNI Sensors Corporation
9.12. Honeywell International Inc.
9.13. Mcube Inc.
10. Europe Electronic Compass Market – Competitive Landscape
10.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
10.2 Strategies Adopted By Top Companies
10.3 Market Share Analysis
11. Market Insights
11.1 Insights of Industry Experts
11.2 Investment Opportunities
11.3 Analyst Opinion
12. Appendix
12.1 List of Tables
12.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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