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A digital compass (E-compass) is a small compact device that uses the earth’s magnetic field to allow the determination of the user’s geographic direction. It is a device with integrated with microelectromechanical systems (MEMS). MEMS is the technology of microscopic devices, particularly those with moving parts, which merges nanoscale into nanoelectromechanical systems (NEMS) and nanotechnology. In most handheld electronic devices, such as watches, tablets, smartphones, and GPS devices, e-compasses are increasingly becoming a universal component. E-compasses provide directional information which enhances the positioning of Global Positioning System (GPS) devices with substantial built-in accuracy. This makes it beneficial in location-based services and various other applications, including industry, construction, personal, military, and transportation. 

Critical sectors, such as aviation, defense, and marine, require high-grade 1- and 2-axis sensors for their operation. Extensive investment in R&D in these sectors and a constant need for upgrades to better equipment drive the growth of the digital compass market. The use of e-compass navigation is becoming a prerequisite in smartphones, tablets, and gaming devices, which is also driving the market growth. Additionally, rising demand for simple user interfaces and better access to technologies is fuelling the development of digital compasses. However, the widespread use of GPS technology is expected to hinder the growth of digital compass market. Also, in terms of cost, Hall Effect antennas are more economical and these sensors are “miniaturized.” The radio frequency components of conventional devices are declining due to the implementation of new standards (LTE and LTE-A).  LTE stands for “long-term evolution” and is short for a very technical process for high-speed data for phones and other mobile devices. This is increasing the usage of the number of sensors for location-based tracking services, which is intended to unlock new opportunities for the digital compass market.

The global digital compass market is segmented on the basis of technology, application, sensor type, and region. In terms of technology, the market can be segmented into fluxgate, Hall Effect and magnetoresistive. The digital compass market is classified on the basis of application into consumer electronics, aerospace and defense, automotive, marine, and surveying. On the basis of sensor type, the market is classified into 1- & 2-axis, 3-axis, 6-axis, and 9-axis sensors. The market is segmented in terms of geographical regions into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA). Asia Pacific economies are expected to lead the digital compass market because many consumer electronics buyers of digital compass antennas are situated in this region. Also, the mobile electronics products deploying these sensors are in demand and the demand is increasing, which is resulting in the growth of the Asia Pacific economies in the digital compass market. Low labor costs and huge demand potential are expected to help India and China emerge as worldwide hubs for digital compass manufacturing industries. 

Industry participants leading the digital compass market with the most significant developments are Asahi Kasei Micro Devices Corporation, Robert Bosch GmbH, NXP Semiconductors, Honeywell International, Inc., Kusaba Engineers Private Limited, Sparton Corporation, Texas Instruments, Garmin Ltd., STMicroelectronics, and BARIGO Barometerfabrik GmbH, among others.

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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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  • Europe
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4. Which regions might see the demand maturing in certain segments in near future?

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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