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- Asia Pacific Electronic Compass Market – Size, Outlook, Trends and Forecast (2020 – 2026)
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. Growing demand for the advanced wearable devices and high per capita income are the predominant factors driving the market growth.
APAC Electronic Compass Market Size:
APAC 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 some sensors for location-based tracking services.
APAC 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 China, Japan, India, Australia & New Zealand and others. APAC is expected to hold the largest market share, and it is also the fastest growing region owing to a large number of the electronic manufacturers which use e-compasses are present in this region. The growing demand for the portable electronic products in this region also boosts the market growth.
APAC Electronic Compass Market Trends:
- NXP Semiconductors N.V. launched tilt compensated e-compass and magnetic calibration software as the part of NXP Sensor Fusion software library.
- MagnaChip initiates the delivery of e-Compass sensors in China to a major smartphone manufacturer which is targeting mobile markets in China and India.
APAC 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 APAC 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. APAC Electronic Compass Market – By Sensor Type
5.1. 1&2 Axis
5.2. 3 Axis
5.3. 6 Axis
5.4. 9 Axis
6. APAC Electronic Compass Market – By Technology
6.1. Fluxgate
6.2. Hall-effect
6.3. Magnetoresistive
6.4. Others
7. APAC 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. APAC Electronic Compass Market – By Geography
8.1. Introduction
8.2. APAC
8.2.1. China
8.2.2. Japan
8.2.3. India
8.2.4. Australia & New Zealand
8.2.5. South Korea
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. APAC 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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|---|---|
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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. Growing demand for the advanced wearable devices and high per capita income are the predominant factors driving the market growth.
APAC Electronic Compass Market Size:
APAC 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 some sensors for location-based tracking services.
APAC 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 China, Japan, India, Australia & New Zealand and others. APAC is expected to hold the largest market share, and it is also the fastest growing region owing to a large number of the electronic manufacturers which use e-compasses are present in this region. The growing demand for the portable electronic products in this region also boosts the market growth.
APAC Electronic Compass Market Trends:
- NXP Semiconductors N.V. launched tilt compensated e-compass and magnetic calibration software as the part of NXP Sensor Fusion software library.
- MagnaChip initiates the delivery of e-Compass sensors in China to a major smartphone manufacturer which is targeting mobile markets in China and India.
APAC 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 APAC 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. APAC Electronic Compass Market – By Sensor Type
5.1. 1&2 Axis
5.2. 3 Axis
5.3. 6 Axis
5.4. 9 Axis
6. APAC Electronic Compass Market – By Technology
6.1. Fluxgate
6.2. Hall-effect
6.3. Magnetoresistive
6.4. Others
7. APAC 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. APAC Electronic Compass Market – By Geography
8.1. Introduction
8.2. APAC
8.2.1. China
8.2.2. Japan
8.2.3. India
8.2.4. Australia & New Zealand
8.2.5. South Korea
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. APAC 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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