Global Digital Compass Market Growth 2023-2029

Global Digital Compass Market Growth 2023-2029

A digital compass is like its analog counterpart. Both compasses use the Earth’s magnetic field to determine which way is North, and both help bikers, hikers, mapmakers and trail makers know which direction they are heading. The difference is that an analog compass can wobble because of movement and may encounter interference from strong magnetic sources, so inaccuracy is a problem. A digital compass is much more accurate and sturdy, because it will only use the North Pole as a guiding mechanism. Aside from serious hikers and trail makers, the military also uses these compasses for the best accuracy.

LPI (LP Information)' newest research report, the “Digital Compass Industry Forecast” looks at past sales and reviews total world Digital Compass sales in 2022, providing a comprehensive analysis by region and market sector of projected Digital Compass sales for 2023 through 2029. With Digital Compass sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Digital Compass industry.

This Insight Report provides a comprehensive analysis of the global Digital Compass landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Digital Compass portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Digital Compass market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Digital Compass and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Digital Compass.

The global Digital Compass market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Asia Pacific is expected to emerge as a high growth market over the forecast period owing to increasing demand for smartphones. China and India are perceived to behold placid growth in future. Huge demand potential and low labor costs are expected to help China and India emerge as a worldwide hub for digital compass manufacturing industries.

This report presents a comprehensive overview, market shares, and growth opportunities of Digital Compass market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
3-axis Type
6-axis Type
9-axis Type

Segmentation by application
Mobile Phones
Tablets
Automotives
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ST Microelectronics
Robert Bosch
Texas Instruments
Asahi Kasei Microdevices
Bell Automotive Products
Baolab Microsystems
Garmin
Honeywell International
Sparton Corporation
BARIGO Barometerfabrik GmbH
InvenSense
AKM
Aichi Steel Corporation
RoboSail Systems
Kusaba Engineers
KVH Industries

Key Questions Addressed in this Report

What is the 10-year outlook for the global Digital Compass market?

What factors are driving Digital Compass market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Digital Compass market opportunities vary by end market size?

How does Digital Compass break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.