Repeater Compass Market, By Type (Magnetic Compass, Gyrocompass, and Others), By Application (Motorboats, Sailboats, Cruise Ships, Naval Vessels, and Others), By Distribution Channel (Online, and Offline), By Display (Digital, Analog, and Others), By Tech

Repeater Compass Market, By Type (Magnetic Compass, Gyrocompass, and Others), By Application (Motorboats, Sailboats, Cruise Ships, Naval Vessels, and Others), By Distribution Channel (Online, and Offline), By Display (Digital, Analog, and Others), By Technology (Fluxgate, Gyrocompass, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)


The repeater compass Market size was valued at US$ 586.3 Mn in 2023 and is expected to reach US$ 917.1 Mn by 2030, growing at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030.

Figure 1. Repeater Compass Market Share (%), By Region, 2023

A repeater compass is a navigational instrument that is used mainly in aviation and boating to determine direction. There are two main types of repeater compass - liquid and dry. A liquid repeater compass contains a circular card with markings suspended in a liquid, usually alcohol or petrol, inside a sealed glass casing. It provides smooth needle movement but is more susceptible to tilting errors. A dry repeater compass has a magnetized needle pivoted on a jewelled bearing inside an airtight casing, without any liquid. It is more durable and requires less maintenance than the liquid type.

Market Dynamics:

The repeater compass market is witnessing significant growth due to several key factors. The demand for these compasses is being primarily driven by the increasing need for precise navigation systems across various industries. The growth in maritime trade and the shipping industry further fuel the demand for repeater compasses, as they play a crucial role in ensuring safe and efficient navigation for ships and vessels. However, the market also faces certain restraints that need to be addressed. One of the major challenges is the high cost that is associated with the installation and maintenance of advanced repeater compass systems. This can limit the adoption of these compasses, especially in sectors with budget constraints. The complexity of these systems and the need for skilled technicians for installation and calibration poses challenges to the market growth.

Despite these challenges, the market presents numerous opportunities. Growing demand for autonomous vehicles and unmanned aerial systems is expected to drive the adoption of repeater compasses. These compasses play a vital role in the navigation and control systems of such vehicles, thus ensuring accurate and reliable positioning. Moreover, technological advancements in sensor technology and the integration of GPS and other satellite-based navigation systems offer opportunities for market expansion.

Key features of the study:
  • This report provides in-depth analysis of the repeater compass market, and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the repeater compass market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study include Ritchie Navigation, Weems & Plath, Raytheon Anschütz, Furuno, Simrad Yachting, KVH Industries, Garmin, Raymarine, Japan Radio Company, SI-TEX Marine Electronics, AMI Marine, Sperry Marine, Ruian Shunfeng Navigation Instruments Co.,Ltd, Syberg AS, and Anschütz GmbH.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • The repeater compass market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the repeater compass market.
Detailed Segmentation:
  • Repeater Compass Market, By Type:
  • Magnetic Compass
  • Gyrocompass
  • Others
  • Repeater Compass Market, By Application:
  • Motorboats
  • Sailboats
  • Cruise Ships
  • Naval Vessels
  • Others
  • Repeater Compass Market, By Distribution Channel:
  • Online
  • Offline
  • Repeater Compass Market, By Display:
  • Digital
  • Analog
  • Others
  • Repeater Compass Market, By Technology:
  • Fluxgate
  • Gyrocompass
  • Others
  • Repeater Compass Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
  • Top Companies in Repeater Compass Market:
  • Ritchie Navigation
  • Weems & Plath
  • Raytheon Anschütz
  • Furuno
  • Simrad Yachting
  • KVH Industries
  • Garmin
  • Raymarine
  • Japan Radio Company
  • SI-TEX Marine Electronics
  • AMI Marine
  • Sperry Marine
  • Ruian Shunfeng Navigation Instruments Co.,Ltd
  • Syberg AS
  • Anschütz GmbH


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Application
Market Snippet, By Distribution Channel
Market Snippet, By Display
Market Snippet, By Technology
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Increasing maritime tourism and recreational boating activities
Rising seaborne trade and focus on cargo freight efficiency
Surging development of autonomous ships and vessels
Increased expenditure on naval and airborne forces
Restraints
Dominance of handheld compasses in small boats segment
Complex certification and approval processes
GPS and smartphone navigation impacting adoption
Opportunities
Development of hybrid navigation systems
Emergence of smartboat and IoT trends
Growing deployment of vessel monitoring systems
Development of advanced gyrocompassing technology
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Mergers, Acquisitions, and Collaborations
4. Repeater Compass Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Repeater Compass Market, By Type, 2018-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Magnetic Compass
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Gyrocompass
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
6. Repeater Compass Market, By Application, 2018-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Motorboats
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Sailboats
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Cruise Ships
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Naval Vessels
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
7. Repeater Compass Market, By Distribution Channel, 2018-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Online
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Offline
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
8. Repeater Compass Market, By Display, 2018-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Digital
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Analog
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
9. Repeater Compass Market, By Technology, 2018-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Fluxgate
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Gyrocompass
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
10. Repeater Compass Market, By Region, 2018-2030, (US$ Mn)
Introduction
Market Share Analysis, By Sub-region, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Sub-region, 2018 –2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Display, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Display, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
Germany
U.K.
France
Spain
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Display, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
China
India
Japan
South Korea
ASEAN
Australia
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Display, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Mn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Display, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2018-2030,(US$ Mn)
GCC Countries
Israel
South Africa
Central Africa
North Africa
Rest of Middle East
11. Competitive Landscape
Company Profile
Ritchie Navigation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Weems & Plath
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Raytheon Anschütz
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Furuno
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Simrad Yachting
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
KVH Industries
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Garmin
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Raymarine
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Japan Radio Company
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
SI-TEX Marine Electronics
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
AMI Marine
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Sperry Marine
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Ruian Shunfeng Navigation Instruments Co.,Ltd
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Syberg AS
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Anschütz GmbH
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views
12. Section
References
Research Methodology
About us
*Browse 24 market data tables and 28 figures on “Repeater Compass Market” - Global forecast to 2030

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