| Product Code: ETC7368562 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely heavily on imports of digital compasses, with the USA, Areas nes, Italy, Metropolitan France, and Turkey emerging as the top exporting countries. Despite high concentration levels indicated by the Herfindahl-Hirschman Index (HHI), the market experienced significant growth with a CAGR of 18.6% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024, indicating a potential shift in market dynamics. Grenada`s digital compass import market remains dynamic and responsive to global trends.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Digital Compass Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Digital Compass Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Digital Compass Market - Industry Life Cycle |
3.4 Grenada Digital Compass Market - Porter's Five Forces |
3.5 Grenada Digital Compass Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Grenada Digital Compass Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Digital Compass Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
4 Grenada Digital Compass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced navigation systems in marine and aviation industries |
4.2.2 Technological advancements leading to more accurate and reliable digital compass solutions |
4.2.3 Growing trend of incorporating digital compasses in smartphones, smartwatches, and other electronic devices |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with digital compass technology |
4.3.2 Potential challenges related to calibration and accuracy of digital compasses in certain environmental conditions |
5 Grenada Digital Compass Market Trends |
6 Grenada Digital Compass Market, By Types |
6.1 Grenada Digital Compass Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Grenada Digital Compass Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Grenada Digital Compass Market Revenues & Volume, By Fluxgate, 2021- 2031F |
6.1.4 Grenada Digital Compass Market Revenues & Volume, By Hall-Effect, 2021- 2031F |
6.1.5 Grenada Digital Compass Market Revenues & Volume, By Magneto resistive, 2021- 2031F |
6.1.6 Grenada Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Digital Compass Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Digital Compass Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.2.3 Grenada Digital Compass Market Revenues & Volume, By Aerospace & Defence, 2021- 2031F |
6.2.4 Grenada Digital Compass Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.5 Grenada Digital Compass Market Revenues & Volume, By Marine, 2021- 2031F |
6.2.6 Grenada Digital Compass Market Revenues & Volume, By Surveying, 2021- 2031F |
6.2.7 Grenada Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada Digital Compass Market, By Sensor Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Digital Compass Market Revenues & Volume, By 1 & 2-axis, 2021- 2031F |
6.3.3 Grenada Digital Compass Market Revenues & Volume, By 3-axis, 2021- 2031F |
6.3.4 Grenada Digital Compass Market Revenues & Volume, By 6-axis, 2021- 2031F |
6.3.5 Grenada Digital Compass Market Revenues & Volume, By 9-axis, 2021- 2031F |
7 Grenada Digital Compass Market Import-Export Trade Statistics |
7.1 Grenada Digital Compass Market Export to Major Countries |
7.2 Grenada Digital Compass Market Imports from Major Countries |
8 Grenada Digital Compass Market Key Performance Indicators |
8.1 Average time to market for new digital compass products |
8.2 Rate of adoption of digital compass technology in different industries |
8.4 Number of partnerships and collaborations for technology integration |
8.5 Average lifespan of digital compass products before requiring upgrades or replacements |
9 Grenada Digital Compass Market - Opportunity Assessment |
9.1 Grenada Digital Compass Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Grenada Digital Compass Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Digital Compass Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
10 Grenada Digital Compass Market - Competitive Landscape |
10.1 Grenada Digital Compass Market Revenue Share, By Companies, 2024 |
10.2 Grenada Digital Compass Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |