3-Axis Electronic Compass Market – Growing invention in the automated vehicle segment and augmented reality is acting as a major growth

The 3-axis electronic compass module is being designed for the purpose of low-field magnetic sensing which is having a digital interface, for the purpose of providing the heading information for the microcontroller project. This compact sensor normally fits into the small projects like UAVs and the robot navigation system. The sensor actually converts any kind of magnetic field into a differential voltage output on 3 axis. This voltage change is a raw digital output value, which can be used for the purpose of calculating headings or sensing magnetic fields coming from diverse directions. The growth of 3-axis electronic compass market is highly reliant on the growth of overall automotive and aerospace & defense market globally.

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Growing invention in the automated vehicle segment and augmented reality is acting as a major growth driver for the 3-axis electronic compass market. Continuously growing usage of 3 axis electronic compass in the mount on a very low speed vehicle gives it a good advantage over 2 axis electronic compass. Therefore, the convenience of not to hold the unit level is the main factor anticipated to catalyze the growing demand of 3 axis electronic compasses during the forecast period from 2017 to 2025.

In addition, adjustable cross over speed is also anticipated to increase the demand of 3-axis electronic compass in the upcoming years. In turn this is also projected to affect the market of 3-axis electronic compass in a positive manner during the forecast period.

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In spite of many driving factors, the 3-axis electronic compass market is expected to show a shrink and fluctuation in growth rate because of the existence of GPS technology as a substitute for the similar application related to the navigation. Absence of additional hardware for the e compass or the navigation compass are acting as a restraining factor for the global 3-axis electronic compass market.

Reduction of the sensor packages for the purpose of efficiently integrating it into the portable electronic products has portentously boosted the 3-axis electronic compass market growth in the recent time and is going to create significant opportunity for 3-axis electronic compass in coming years. Apart from that the growth of usage of wearable electronic device is also acting as an opportunity factor for the 3-axis electronic compass market in the forecast period from 2017-2025.