HOME Top Market Reports E-Compass Market by Technology (Fluxgate, Hall Effect, Magnetoresistive), Type (1&2 Axis, 3 Axis, 6 Axis, 9 Axis), Application (Consumer Electronics, Aerospace & Defense, Automotive, Surveying, Marine) and Geography - Global Forecast to 2022

E-Compass Market by Technology (Fluxgate, Hall Effect, Magnetoresistive), Type (1&2 Axis, 3 Axis, 6 Axis, 9 Axis), Application (Consumer Electronics, Aerospace & Defense, Automotive, Surveying, Marine) and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: SE 4703

 

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The e-compass market is estimated to grow from USD 808.6 Million in 2015 to USD 2187.1 Million by 2022, at a CAGR of 14.57% between 2016 and 2022. The demand for e-compass sensors is expected to increase due to the requirement of the consumer electronics industry, especially in wearable devices market. The adoption of e-compass sensors in consumer electronics and growth of the wearable devices market is expected to drive the market. The base year considered for the study is 2015 and the market size forecast has been given for the period between 2016 and 2022.

The prime objectives of this report can be summarized in the following points.

  • To define, describe, and forecast the global e-compass market on the basis of technology adopted, applications and type of sensor (degree of freedom).
  • To provide market statistics with detailed classification and split in terms of value.
  • To forecast the size of market segments with respect to four major regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).
  • To provide detailed information regarding the major factors influencing the growth of the e-compass market (drivers, restraints, opportunities, and challenges).
  • To detail the industry trends, insights based on the value chain analysis, and strategic benchmarking of the e-compass market.

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and OneSource) to identify and collect information useful for this study. The research methodology followed in this report is explained below.

  • Analysis of all the applications of e-compass sensors worldwide
  • Analysis of various e-compass sensors sold to various end users
  • Analysis of the penetration of e-compass sensors in various applications
  • Estimation of the market size in terms of volume
  • Estimation of the market size of the e-compass sensors in terms of applications across various industry verticals
  • Overall market size along with data triangulation with supply-side data including product developments, supply chain, and estimated sales of products using e-compass sensors

After arriving at the overall market size, the total market has been split into several segments and subsegments and confirmed with the key industry experts. The figure below shows the breakdown of primaries on the basis of company type, designation, and region.

E-Compass Market

To know about the assumptions considered for the study, download the pdf brochure

The e-compass ecosystem comprises of chip designers such as STMicroelectronics (France), mCube (U.S.), MEMSIC (U.S.) and MagnaChip (South Korea) among others; component manufacturers such as NXP Semiconductors N.V. (Netherlands), Bosch Sensortec (Germany), Asahi Kasei Microdevices (Japan), Honeywell (U.S.) among others; technology providers such as InvenSense, Inc. (U.S.), Honeywell (U.S.), and Bosch Sensortec (Germany), among others; and system integrators such as TrueNorth Technologies (U.S.), Aichi Steel (Japan), among others who integrate these e-compass sensors and sell them to end users to cater to their unique business requirements.

Key Target Audience:

  • Sensor manufacturers
  • Consumer electronics companies
  • Aerial and marine navigators
  • Surveying industry
  • Distributers
  • Research organizations
  • Technology investors
  • Organizations, alliances, and associations related to technology standards

Scope of the Report:

The research report segments the e-compass market into following submarkets:

By Technology

  • Fluxgate
  • Hall-Effect
  • Magneto resistive
  • Others

By Application

  • Consumer Electronics
  • Aerospace & Defense
  • Automotive
  • Marine
  • Surveying
  • Others

By Sensor Type

  • 1 & 2-axis
  • 3-axis
  • 6-axis
  • 9-axis

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • Rest of the World
    • Middle East & Africa
    • Latin America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Company Information: Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Market Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumption

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Global E-Compass Market
    4.2 Regional and Application Wise Snapshot of E-Compass Market
    4.3 E-Compass Market, By Application
    4.4 E-Compass Market, By Technology
    4.5 E-Compass Market, By Sensor Type
    4.6 E-Compass Market, By Geography

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 E-Compass Market, By Technology
           5.2.2 E-Compass Market, By Application
           5.2.3 E-Compass Market, By Sensor Type
           5.2.4 E-Compass Market By Geography
    5.3 Recent Trends
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Adoption of E-Compass Sensors in Consumer Electronics
                    5.4.1.2 Growth of the Wearable Devices Market
                    5.4.1.3 Use of E-Compasses in Uavs and Auvs
           5.4.2 Restraints
                    5.4.2.1 Widespread Usage of GPS Technology
                    5.4.2.2 Changing Geomagnetic Maps
           5.4.3 Opportunities
                    5.4.3.1 Upcoming Autonomous Cars Market
                    5.4.3.2 Potential Use in Augmented Reality and Gaming Applications
           5.4.4 Challenges
                    5.4.4.1 Data Accuracy and Calibration Issues

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of New Entrants
           6.3.4 Threat of Substitutes
           6.3.5 Degree of Competition

7 E-Compass Market, By Technology (Page No. - 48)
    7.1 Introduction
    7.2 Fluxgate
    7.3 Hall Effect
    7.4 Magnetoresistive
    7.5 Others

8 E-Compass Market, By Application (Page No. - 58)
    8.1 Introduction
    8.2 Consumer Electronics
    8.3 Aerospace & Defense
    8.4 Automotive
    8.5 Marine
    8.6 Surveying
    8.7 Other Applications

9 E-Compass Market, By Sensor Type (Page No. - 82)
    9.1 Introduction
    9.2 1-Axis and 2-Axis Sensors
    9.3 3-Axis Sensors
    9.4 6-Axis Sensors
    9.5 9-Axis Sensors

10 Geographic Analysis (Page No. - 88)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 U.K.
             10.3.4 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 South Korea
             10.4.4 Rest of APAC
     10.5 Rest of the World
             10.5.1 Middle East & Africa
             10.5.2 Latin America

11 Competitive Landscape (Page No. - 102)
     11.1 Introduction
     11.2 Ranking of Market Players, 2015
     11.3 Competitive Scenario & Trends
             11.3.1 New Product Launches & Contracts
             11.3.2 Alliances and Business Expansions
             11.3.3 Mergers & Acquisitions

12 Company Profiles (Page No. - 108)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     12.1 Introduction
     12.2 Aichi Steel Corporation
     12.3 Honeywell International Inc.
     12.4 NXP Semiconductors N.V.
     12.5 Asahi Kasei Microdevices Corporation
     12.6 Bosch Sensortec GmbH
     12.7 ST Microelectronics N.V.
     12.8 Magnachip Semiconductor
     12.9 Invensense Inc.
     12.10 Memsic Inc.
     12.11 Oceanserver Technologies Inc.
     12.12 PNI Sensors Corporation
     12.13 Truenorth Technologies Ltd.
     12.14 Mcube Inc.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 135)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (67 Tables)

Table 1 E-Compass Market, By Technology, 2013–2022 (USD Million)
Table 2 E-Compass Market, By Technology, 2013–2022 (Million Units)
Table 3 E-Compass Market for Fluxgate Technology, By Application, 2013–2022 (USD Million)
Table 4 E-Compass Market for Fluxgate Technology, By Application, 2013–2022 (Thousand Units)
Table 5 E-Compass Market for Hall Effect Technology, By Application, 2013–2022 (USD Million)
Table 6 E-Compass Market for Hall Effect Technology, By Application, 2013–2022 (Thousand Units)
Table 7 E-Compass Market for Magnetoresistive Technology, By Application, 2013–2022 (USD Million)
Table 8 E-Compass Market for Magnetoresistive Technology, By Application, 2013–2022 (Thousand Units)
Table 9 E-Compass Market for Other Technologies, By Application, 2013–2022 (USD Million)
Table 10 E-Compass Market for Other Technologies, By Application, 2013–2022 (Thousand Units)
Table 11 E-Compass Market, By Application, 2013–2022 (USD Million)
Table 12 E-Compass Market, By Application, 2013–2022 (Million Units)
Table 13 E-Compass Market for Consumer Electronics Application, By Product Type, 2013–2022 (USD Million)
Table 14 E-Compass Market for Consumer Electronics, By Product Type, 2013–2022 (Million Units)
Table 15 E-Compass Market for Consumer Electronics Application, By Technology 2013–2022 (USD Million)
Table 16 E-Compass Market for Consumer Electronics Application, By Technology 2013–2022 (Million Units)
Table 17 E-Compass Market for Consumer Electronics Application, By Sensor Type, 2013–2022 (USD Million)
Table 18 E-Compass Market for Consumer Electronics Application, By Region, 2013–2022 (USD Million)
Table 19 E-Compass Market for Consumer Electronics Application, By Region, 2013–2022 (Million Units)
Table 20 E-Compass Market for Aerospace & Defense Application, By Technology 2013–2022 (USD Million)
Table 21 E-Compass Market for Aerospace & Defense Industry, By Technology 2013–2022 (Thousand Units)
Table 22 E-Compass Market for Aerospace & Defense Application, By Sensor Type, 2013–2022 (USD Million)
Table 23 E-Compass Market for Aerospace & Defense Application, By Region, 2013–2022 (USD Million)
Table 24 E-Compass Market for Aerospace & Defense Application, By Region, 2013–2022 (Thousand Units)
Table 25 E-Compass Market for Automotive Application, By Technology 2013–2022 (USD Million)
Table 26 E-Compass Market for Automotive Application, By Technology 2013–2022 (Million Units)
Table 27 E-Compass Market for Automotive Application, By Sensor Type, 2013–2022 (USD Million)
Table 28 E-Compass Market for Automotive Application, By Region, 2013–2022 (USD Million)
Table 29 E-Compass Market for Automotive Application, By Region, 2013–2022 (Million Units)
Table 30 E-Compass Market for Marine Application, By Technology, 2013–2022 (USD Million)
Table 31 E-Compass Market for Marine Application, By Technology, 2013–2022 (Thousand Units)
Table 32 E-Compass Market for Marine Application, By Sensor Type, 2013–2022 (USD Million)
Table 33 E-Compass Market for Marine Application, By Region, 2013–2022 (USD Million)
Table 34 E-Compass Market for Marine Application, By Region, 2013–2022 (Thousand Units)
Table 35 E-Compass Market for Surveying Application, By Technology, 2013–2022 (USD Million)
Table 36 E-Compass Market for Surveying Application, By Technology, 2013–2022 (Thousand Units)
Table 37 E-Compass Market for Surveying Application, By Sensor Type, 2013–2022 (USD Million)
Table 38 E-Compass Market for Surveying Application, By Region, 2013–2022 (USD Million)
Table 39 E-Compass Market for Surveying Application, By Region, 2013–2022 (Thousand Units)
Table 40 E-Compass Market for Other Applications, By Technology, 2013–2022 (USD Thousand)
Table 41 E-Compass Market for Other Application, By Technology, 2013–2022 (Thousand Units)
Table 42 E-Compass Market for Other Applications, By Sensor Type, 2013–2022 (USD Thousand)
Table 43 E-Compass Market for Other Applications, By Region, 2013–2022 (USD Thousand)
Table 44 E-Compass Market for Other Applications, By Region, 2013–2022 (Thousand Units)
Table 45 E-Compass Market, By Sensor Type, 2013–2022 (USD Million)
Table 46 E-Compass Market for 1-& 2-Axis Sensor, By Application, 2013–2022, (USD Million)
Table 47 E-Compass Market for 3-Axis Sensors, By Application, 2013–2022, (USD Million)
Table 48 E-Compass Market for 6-Axis Sensors, By Application, 2013–2022, (USD Million)
Table 49 E-Compass Market for 9-Axis Sensors, By Application, 2013–2022, (USD Million)
Table 50 E-Compass Market, By Region, 2013–2022 (USD Million)
Table 51 E-Compass Market, By Region, 2013–2022 (Million Units)
Table 52 E-Compass Market in North America, By Application, 2013–2022 (USD Million)
Table 53 E-Compass Market in North America, By Application, 2013–2022 (Thousand Units)
Table 54 E-Compass Market in North America, By Country, 2013–2022 (USD Million)
Table 55 E-Compass Market in Europe, By Application, 2013–2022 (USD Million)
Table 56 E-Compass Market in Europe, By Application, 2013–2022 (Thousand Units)
Table 57 E-Compass Market in Europe, By Country, 2013–2022 (USD Million)
Table 58 E-Compass Market in APAC, By Application, 2013–2022 (USD Million)
Table 59 E-Compass Market in APAC, By Application, 2013–2022 (Thousand Units)
Table 60 E-Compass Market in APAC, By Country, 2013–2022 (USD Million)
Table 61 E-Compass Market in RoW, By Application, 2013–2022 (USD Million)
Table 62 E-Compass Market in RoW, By Application, 2013–2022 (Thousand Units)
Table 63 E-Compass Market in RoW, By Region, 2013–2022 (USD Million)
Table 64 Ranking in the E-Compass Market, 2015
Table 65 New Product Launches & Contracts in E-Compass Market, 2016
Table 66 Alliances and Business Expansions in the E-Compass Market 2016
Table 67 Merger & Acquisition in the E-Compass Market 2015


List of Figures (58 Figures)

Figure 1 E-Compass Market Segmentation
Figure 2 E-Compass Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 E-Compass Market By, Value and Volume, 2016–2022
Figure 7 Automotive Application Expected to Grow at the Highest Rate in the E-Compass Market During the Forecast Period
Figure 8 Hall Effect-Based E-Compass Market, in Terms of Value and Volume, 2016 vs 2022
Figure 9 6-Axis E-Compass Market Expected to Hold the Largest Size By 2022
Figure 10 Asia-Pacific Held the Largest Market Share of E-Compass Market in 2015
Figure 11 Lucrative Opportunities in the Global E-Compass Market Owing to the Applications in Consumer Electronics and Automotive Sector During the Forecast Period
Figure 12 APAC Region is the Dominant Market in 2015 and Expected to Grow at the Fastest Rate During the Forecast Period
Figure 13 Consumer Electronics to Remain the Largest Market During the Forecast Period
Figure 14 Magnetoresistive Technology Expected to Exhibit the Highest Growth During the Forecast Period
Figure 15 6-Axis E-Compass to Hold the Largest Size of the E-Compass Market During the Forecast Period
Figure 16 Asia-Pacific to Dominate the E-Compass Market During the Forecast Period
Figure 17 Drivers, Restraints, Opportunities, and Challenges of the E-Compass Market
Figure 18 Expected Growth in the Number of Wearable Units Shipments
Figure 19 Value Chain Analysis of E-Compass Market : Major Value Added By Component Manufacturers and System Integrators
Figure 20 Porter’s Five Forces Analysis for E-Compass Market (2015)
Figure 21 Porter’s Five Forces Impact Analysis for E-Compass Market (2015)
Figure 22 Bargaining Power of Suppliers Impact on E-Compass Market (2015)
Figure 23 Bargaining Power of Buyers, Impact on E-Compass Market (2015)
Figure 24 Threat of New Entrants Impact on E-Compass Market (2015)
Figure 25 Threat of Substitutes Impact on E-Compass Market (2015)
Figure 26 Degree of Competition, Impact on E-Compass Market (2015)
Figure 27 E-Compass Market, By Technology
Figure 28 Magnetoresistive Technology Based E-Compass Shipments Expected to Grow at the Highest Rate During the Forecast Period
Figure 29 Aerospace & Defense Application Expected to Grow at the Highest Rate in the E-Compass Sensors Market for Hall Effect Technology During the Forecast Period
Figure 30 Automotive Application to Grow at the Highest Rate in the E-Compass Market for Magnetoresistive Technology During the Forecast Period
Figure 31 E-Compass Market By Industry Verticals
Figure 32 Automotive Application to Grow at the Highest Rate in the E-Compass Market During the Forecast Period
Figure 33 Wearable Devices Segment of Consumer Electronics Application Expected to Grow at the Highest Rate During the Forecast Period
Figure 34 APAC Region to Dominate the E-Compass Market for Consumer Electronics in 2016
Figure 35 9-Axis Sensor Market for Aerospace & Defense Application to Grow at the Highest Rate During the Forecast Period
Figure 36 Fluxgate Technology Expected to Grow at the Highest Rate in the E-Compass Market for Automotive Application Between 2016 and 2022
Figure 37 Magnetoresistive Technology to Grow at the Highest Rate in the E-Compass Market for Marine Applications During the Forecast Period
Figure 38 APAC to Grow at the Highest Rate in the E-Compass Market for Marine Application During the Forecast Period
Figure 39 9-Axis Sensors Market for Surveying Application Expected to Grow at the Highest Rate During the Forecast Period
Figure 40 Magnetoresistive Technology of the E-Compass Market for Other Applications to Grow at the Highest Rate During the Forecast Period
Figure 41 E-Compass Market, By Sensor Type
Figure 42 1-& 2-Axis Sensors to Grow at the Highest Rate in the E-Compass Market for Sensor Type During the Forecast Period
Figure 43 Asia-Pacific Region Expected to Dominate the E-Compass Market Between 2016 and 2022.
Figure 44 APAC to Dominate the E-Compass Market During the Forecast Period
Figure 45 North America: Geographic Snapshot
Figure 46 Europe: Geographic Snapshot
Figure 47 APAC; Geographic Snapshot
Figure 48 Rest of the World: Geographic Snapshot
Figure 49 Companies Adopted Product Innovation as the Key Growth Strategy
Figure 50 Market Evolution Framework : New Product Launches Dominated the Growth Between 2013 and 2015
Figure 51 Battle for Market Share: New Product Launch Was the Key Strategy Adopted Between 2013 and 2015
Figure 52 Geographic Revenue Mix of Major Market Players
Figure 53 Aichi Steel Corporation: Company Snapshot
Figure 54 Honeywell International Inc: Company Snapshot
Figure 55 NXP Semiconductors: Company Snapshot
Figure 56 ST Microelectronics: Company Snapshot
Figure 57 Magnachip Semiconductors: Company Snapshot
Figure 58 Invensense Inc: Company Snapshot

According to the MarketsandMarkets forecast, the e-compass market size, in terms of value, is expected to grow from USD 808.6 Million in 2015 to USD 2187.1 Million by 2022, at a CAGR of 14.57% between 2016 and 2022. The e-compass has applications across a number of verticals. The portable electronic devices deploy e-compass sensors, primarily as a navigational tool. The huge volume of sales of these devices such as smartphones, tablets, and wearables has driven the market. The development of newer compact and low-power e-compass sensors have more degree of freedom have also incentivized the adoption of these sensors. Some applications such as surveying and aerospace have relied on higher grade e-compass sensors for more reliability.

The scope of this report covers the e-compass market on the basis of technology, application, sensor type, and geography. The consumer electronics application is expected to hold the largest market share during the forecast period, whereas the automotive application application is likely grow at the highest rate during the forecast period.

The Hall effect-based e-compass sensors accounted for the largest market share in 2015. The market for magnetoresistive e-compass sensors are expected to grow at the highest rate during the forecast period. The Hall effect sensors are much economical in terms of cost as well as have been “miniaturized” in the form of ICs for a long time, therefore are most widely used. Magnetoresistive e-compass sensors are extremely accurate but also much more costly as compared to Hall effect-based e-compass, as the need for high precision navigation in sectors such as automotive increases the magnetoresistive e-compass sensors will see a rapid growth in adoption.

The market for the 1- and 2-axis e-compass sensors are expected to grow at the highest rate during the forecast period. The critical sectors such as aviation, defense, and marine require high grade 1- and 2-axis sensors for their operation. Extensive investment in research and development in these sectors and constant need for upgradation to better equipment drives this segment.

E-Compass Market

The APAC region is expected to hold the largest market share and dominate the e-compass market between 2016 and 2022. The APAC region is also expected to grow at the highest rate. The large number of consumer electronics manufacturers which buy e-compass sensors are located in the region, and the demand for portable electronics products which deploy these sensors is also growing which has resulted in the domination of the APAC region in the e-compass market.

Major deterrent for the growth of e-compass market is the usage of GPS technology, whose adoption is widespread. The advances in automated vehicles and augmented reality can prove to be a good revenue pockets for the market. The major vendors in the market include Asahi Kasei Microdevices Corporation (Japan), Aichi Steel Corporation (Japan), Bosch Sensortec GmbH (Germany), Honeywell International Inc. (U.S.), and NXP Semiconductors (Netherlands), among others. These players adopted various strategies such as new product launches & developments, partnerships, collaborations, business expansions and mergers to cater to the needs of the optical interconnect market.

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