E-Compass Market Size And Forecast
According to Verified Market Research, Global E-Compass market was valued at USD 1.21 Billion in 2018 and is projected to reach USD 3.48 Billion by 2026, growing at a CAGR of 13.9% from 2019 to 2026.

The Global E-Compass Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global E-Compass Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

What is E-Compass?
E-compass is an electric device designed to detect the direction and magnitude of external magnetic fields. In most of the mobile devices, the e-compass has been embedded to enhance its global positioning features. It is used to provide navigation purposes and widely used in various applications including surveying, transportation, aerospace & defense and others.

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Global E-Compass Market: Scope of the Report
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The growing application of e-compass in various self-governing vehicles is a major factor that is boosting the demand for the market. The e-compass is widely used in various consumer electronic products such as smartphones, tablets, and wearable devices coupled with the increasing disposable income is likely to fuel the growth of the market. However, the major factor that may affect the growth of the market is the growing use of GPS technology in automotive and consumer electronic products. Moreover, increasing demand for an E-compass sensor based on magnetoresistive technology is an opportunity for the market to grow over the forecast period.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global E-Compass Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global E-Compass Market Competitive Landscape
The “Global E-Compass Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Asahi Kasei Microdevices Corporation, Aichi Steel Corporation, Bosch Sensortec GmbH, Honeywell International Inc., NXP Semiconductors, ST Microelectronics N.V., Magnachip Semiconductor, Invensense Inc., Memsic Inc., and Oceanserver Technologies Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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E-Compass Market, By Technology
• Fluxgate
• Hall-Effect
• Magneto resistive
• Others

E-Compass Market, By Application
• Consumer Electronics
• Aerospace & Defense
• Automotive
• Marine
• Surveying
• Others

E-Compass Market, By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
o Latin America
o Middle East & Africa

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