What is E-Compass Market?
E-compass is an electronic compass utilizing accelerometer and magnetometer. It uses the earth’s magnetic field for determination of the user’s geographic direction. E-compass can be used as an accelerometer as well as a magnetometer. It is beneficial in location-based services. It is also used in military, transportation, construction applications.
The market study is being classified by Type (Plane E-Compass and Three Dimensional E-Compass), by Application (Consumer Electronics, Aerospace and Defense, Automotive, Marine, Surveying and Other) and major geographies with country level break-up.
STMicroelectronics (Switzerland), Honeywell International (United States), mCube (United States), MEMSIC (United States), MagnaChip (South Korea), NXP Semiconductors N.V. (Netherlands), Bosch Sensortec (Germany), Asahi Kasei Microdevices (Japan), InvenSense, Inc. (United States) and TrueNorth Technologies (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Aichi Steel (Japan).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global E-Compass market throughout the predicted period.
Analyst at AMA have segmented the market study of Global E-Compass market by Type, Application and Region.
On the basis of geography, the market of E-Compass has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Demand for Mineral Explorations across the Globe
- Rising Adoption of E-Compass in Consumer Electronics
- Use of E-Compass Sensors Based On Magneto-Resistive Technology
- Widespread Usage of GPS Technology
- Future Demand from Autonomous Vehicles Industry
- Use in the Gaming Applications
- Data Accuracy and Calibration Issues
On 26th January 2018, Asahi Kasei Microdevices released a 3-axis Electronic Compass with the new 13C interface, the AK09917D. This product is compatible with I3C, a high-speed communication protocol whose interface reduces system load achieving low power consumption.
Key Target AudienceE-compass Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user