E-Compass Market Revenue, Opportunity, Forecast and Value Chain 2016-2026

E-compass is an electronic compass which uses a magnetometer and an accelerometer. The global e-compass market is expected to have significant growth rate, attributed to high demand for minerals across the globe. North America and Western Europe have significant revenue share in the global e-compass market, attributed to high demand for advanced wearable devices and high per capita income in the region over the forecast period.

Global E-Compass Market Dynamics:

The growth of the global e-compass market is driven by growing adoption of e-compass in consumer electronics including wearable, tablets, and smartphones. The macroeconomic factors responsible for the growth of global e-compass market include rapid rate of urbanization, rising disposable income, changing lifestyle, and growing economies. The major restraining factor for global e-compass market is the dominance of GPS technology in advanced consumer electronics and automotive products. The factor trending the demand for global e-compass market include the use of e-compass sensors based on magneto-resistive technology. The company providing the lepidolite have significantly high opportunity in regions such as Asia-Pacific, Latin America, and the Middle East & Africa owing to the significant demand for consumer electronics in the regions.

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Global E-Compass Market Segmentation:

The global e-compass market is segmented on the basis of the axis, application, technology, and region. On the basis of axis, the global e-compass market is segmented as 1&2 axis, 3 axis, 6 axis, and 9 axis, wherein 1&2 Axis have significant revenue share in global e-compass market and is expected to have substantial growth rate. On the basis of application, the e-compass market is segmented as consumer electronics, automotive, aerospace, defense, marine, and surveying. Among the application segment, consumer electronics segment...