The ecompass market is forecasted to grow by USD 700.4 mn during 2023-2028, accelerating at a CAGR of 6.4% during the forecast period. The report on the ecompass market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for wearable devices, increasing usage of ecompass in uavs and auvs, and growing use of ecompass in consumer electronics.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
5.9%
CAGR
6.4%
Incremental Value
$700.4 mn
Technavio's ecompass market is segmented as below:
By End-user
Consumer electronics
Aerospace and defense
Automotive
Marine
Others
By Geographical Landscape
APAC
North America
Europe
South America
Middle East and Africa
This study identifies the growing autonomous cars market as one of the prime reasons driving the ecompass market growth during the next few years. Also, enhancing new technologies like augmented reality and iiot and constant up-gradation of ecompass systems due to advancement in technology will lead to sizable demand in the market.
The report on the ecompass market covers the following areas:
Ecompass Market sizing
Ecompass Market forecast
Ecompass Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ecompass market vendors that include Aichi Steel Corp., Airmar Technology Corp., Asahi Kasei Corp., BARIGO Barometerfabrik GmbH, Garmin Ltd., Honeywell International Inc., Jewell Instruments LLC, Koden Electronics Co. Ltd., KuSaBa Engineers Pvt. Ltd., MagnaChip Semiconductor Corp., mCube Inc., MEMSIC Semiconductor Co. Ltd., NXP Semiconductors NV, PNI Sensor Corp., Robert Bosch GmbH, Sparton Corp., STMicroelectronics International N.V., TDK Corp., Texas Instruments Inc., and True North Technologies LLC. Also, the ecompass market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global ECompass Market 2018 - 2022
Historic Market Size - Data Table on Global ECompass Market 2018 - 2022 ($ million)