Magnetic Compass Market Scope
The magnetic compass enables consumers to identify the directions with the help of north-south pole property of the magnets. Since the past few decades, after the adoption of the electronic compass as well as a digital compass has stagnated the demand for magnetic compass across the globe. On the other, since the magnetic compass cannot be tracked by any global positioning systems (GPS), they have majorly preferred Military and Defence applications. However, after the introduction to RADAR, SONAR and GPS systems has minimized the magnetic compass business growth.
The market study is being classified by Type (Fixed/Floating-Dial, Orienteering and Cruiser Compass), by Application (Aviation and Navigation) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Magnetic Compass market throughout the predicted period.
AAA World-Wide Enterprises Ltd. (Taiwan), Oceanic Worldwide (United States), RJE International Inc. (United States), Riviera S.r.l. Genova (Italy), Ritchie Navigation (United States), MOOG INC. (United States), Suzhou Changfeng Instruments Co. Ltd. (China), SIRS (United Kingdom), AMEE & Co (United Kingdom) and SmartDeep Technology (United States) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Magnetic Compass market by Type, Application and Region.
On the basis of geography, the market of Magnetic 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). If we see Market by Mounting, the sub-segment i.e. Built-In will boost the Magnetic Compass market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. Steering will boost the Magnetic Compass market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Reading Type, the sub-segment i.e. Direct-Reading will boost the Magnetic Compass market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Orientation, the sub-segment i.e. Horizontal will boost the Magnetic Compass market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Upsurging Demand for Magnetic Compass In Neuroscience and Other Applications
- Couldn't Be Found Under Any Radar and GPS Tracking Systems
- Upsurging Demand From Geological Surveys
- Growing Applications of Magnetic Compass in Military and Defence Applications
- Increasing Applications of Magnetic compasses in Aerospace, Maritime, Space Applications, Geological Survey, Leisure Activities, and Many Others
- Introduction Digital and Electrical Compass which has Stagnated the Demand for Magnetic Compass
- Unable to Show Exact Reading and Direction Coordinates such as Digital Compass
- The threat of Numerous Substitutes with Upsurging Technological Advancements
Key Target AudienceMagnetic Compass Manufacturers, Magnetic Compass Distributors and Traders, Magnetic Compass Upstream and Downstream Buyers, Research and Development Institutes, Military and Defence Industry Associations and Others
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