PUNE, India, November 3, 2016 /PRNewswire/ --

The report "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", published by MarketsandMarkets, the market, in terms of value, is expected to grow from USD 808.6 Million in 2015 to USD 2,187.1 Million by 2022, at a CAGR of 14.57% between 2016 and 2022. The market, in terms of volume, is expected to grow from 1.60 Billion units in 2015 to 4.45 Billion units by 2022, at a CAGR of 15.00% between 2016 and 2022.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 67 market data Tables and 59 Figures spread through 157 Pages and in-depth TOC on "E-Compass Market"

http://www.marketsandmarkets.com/Market-Reports/e-compass-market-10144586.html
Early buyers will receive 10% customization on this report.

The increasing demand for wearable electronics such as smart watches, fitness and sports trackers have created a huge demand for e-compasses as these devices are, in general, equipped with navigation functionality which has been made possible through the use of e-compasses. The GPS-based navigation technologies are able to provide a precise location only when they are in a range of GPS signals, however, the tilt compensated e-compasses does not rely on the GPS signals and continues to provide the right direction even in the absence of a GPS signal, hence making them extremely useful specifically for applications such as outdoor recreational sports.

Hall effect-based e-compass to hold the largest share of the e-compass market 

The Hall effect-based e-compass is expected to hold the largest market share and dominate the e-compass market between 2016 and 2022, owing to the their increasing adoption within consumer electronics market which require low cost e-compass and compact sensors in devices such as smart phones, tablet computers, gaming consoles, and so on.

Consumer electronics application held the largest market share in 2015 

The consumer electronics application is expected to hold the largest market share and dominate the e-compass market between 2016 and 2022. The increasing penetration of wearable electronics and usage of navigation-based mobile applications are creating a huge demand for e-compasses within the consumer electronics segment.

APAC to hold the largest market share and grow at the highest rate during the forecast period 

The APAC region is expected to hold the largest market share and dominate the E-Compass Market between 2016 and 2022. The high growth and the large market can be attributed to the virtual monopoly of APAC in the manufacturing of consumer electronics, owing to the presence of companies such as Samsung, Sony, LG, Huawei, Lenovo, coupled with low-production costs, in terms of labor, has forced the consumer electronics manufacturers in the other regions to outsource a bulk of their manufacturing processes to countries such as China and Taiwan.

Furthermore the rapid penetration of handheld "smart" devices in the region is likely to continue during the forecast period; also the region has one of the fastest-growing markets for automotive, aerospace & defense which are the other key application markets for e-compasses.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=10144586

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.

Browse Related Reports 

Sensor Fusion Market by Technology (MEMS, Non-MEMS), Products (Inertial Combo Sensors, Radar+Image Sensors, IMU+GPS, Temperature Sensors+ Presure Sensors+ Humidity/ Light/ Gas Sensors), Application, and Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/sensor-fusion-market-71637844.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets