| Product Code: ETC7541602 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s digital compass import shipments in 2024 saw a notable increase, with top exporting countries including Germany, Metropolitan France, Spain, UK, and USA. The Herfindahl-Hirschman Index (HHI) indicated moderate concentration levels, suggesting a competitive market. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 10.95%, showcasing sustained growth momentum. Moreover, the growth rate from 2023 to 2024 was 8.0%, reflecting a continued upward trend in demand for digital compasses in the Indian market.

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 India Digital Compass Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Digital Compass Market Revenues & Volume, 2021 & 2031F |
3.3 India Digital Compass Market - Industry Life Cycle |
3.4 India Digital Compass Market - Porter's Five Forces |
3.5 India Digital Compass Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 India Digital Compass Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Digital Compass Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
4 India Digital Compass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of smartphones and connected devices in India, leading to a higher demand for digital compasses. |
4.2.2 Growth in the automotive industry in India, where digital compasses are used for navigation systems. |
4.2.3 Rise in outdoor recreational activities and adventure sports, driving the need for accurate navigation tools like digital compasses. |
4.3 Market Restraints |
4.3.1 Intense competition among digital compass manufacturers leading to pricing pressures. |
4.3.2 Technological advancements leading to the development of alternative navigation solutions that may compete with digital compasses. |
4.3.3 Limited awareness and understanding of the benefits of digital compasses among certain consumer segments in India. |
5 India Digital Compass Market Trends |
6 India Digital Compass Market, By Types |
6.1 India Digital Compass Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Digital Compass Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 India Digital Compass Market Revenues & Volume, By Fluxgate, 2021- 2031F |
6.1.4 India Digital Compass Market Revenues & Volume, By Hall-Effect, 2021- 2031F |
6.1.5 India Digital Compass Market Revenues & Volume, By Magneto resistive, 2021- 2031F |
6.1.6 India Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.2 India Digital Compass Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Digital Compass Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.2.3 India Digital Compass Market Revenues & Volume, By Aerospace & Defence, 2021- 2031F |
6.2.4 India Digital Compass Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.5 India Digital Compass Market Revenues & Volume, By Marine, 2021- 2031F |
6.2.6 India Digital Compass Market Revenues & Volume, By Surveying, 2021- 2031F |
6.2.7 India Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.3 India Digital Compass Market, By Sensor Type |
6.3.1 Overview and Analysis |
6.3.2 India Digital Compass Market Revenues & Volume, By 1 & 2-axis, 2021- 2031F |
6.3.3 India Digital Compass Market Revenues & Volume, By 3-axis, 2021- 2031F |
6.3.4 India Digital Compass Market Revenues & Volume, By 6-axis, 2021- 2031F |
6.3.5 India Digital Compass Market Revenues & Volume, By 9-axis, 2021- 2031F |
7 India Digital Compass Market Import-Export Trade Statistics |
7.1 India Digital Compass Market Export to Major Countries |
7.2 India Digital Compass Market Imports from Major Countries |
8 India Digital Compass Market Key Performance Indicators |
8.1 Number of smartphone users in India using digital compass applications. |
8.2 Percentage increase in the incorporation of digital compass technology in new automobile models in India. |
8.3 Growth in sales of digital compasses through online retail channels in India. |
8.4 Number of outdoor adventure clubs or groups using digital compasses for navigation purposes. |
8.5 Rate of adoption of digital compass technology in industries like tourism, forestry, and defense in India. |
9 India Digital Compass Market - Opportunity Assessment |
9.1 India Digital Compass Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 India Digital Compass Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Digital Compass Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
10 India Digital Compass Market - Competitive Landscape |
10.1 India Digital Compass Market Revenue Share, By Companies, 2024 |
10.2 India Digital Compass Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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