Digital Compasses an electronic compass which customs magnetometer and an accelerometer. The global Digital Compass market is likely to have important growth rate, attributed to high demand for minerals across the globe. The rise of the global Digital Compass market is driven by rising adoption of Digital Compass in consumer electronics including wearable, tablets, and smartphones. The macroeconomic factors answerable for the rise of global Digital Compass market comprise quick ate of urbanization, rising disposable income, changing lifestyle, and rise in economies.
Rise of the wearable devices market and use of E-Compasses in Uavs and Auvs are likely to drive the Digital Compass market. Also, Potential use in augmented reality and gaming applications are likely to provide new opportunities for the Digital Compass market. The major hindering factor for global Digital Compass market is the dominance of GPS technology in advanced consumer electronics and automotive products.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Digital Compass market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Digital Compass market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Digital Compass market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Digital Compass market in these regions.