| Product Code: ETC8623102 | 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 |
Despite a steep decline in the CAGR and growth rate for Nigeria`s digital compass imports, the market continues to be dominated by top exporting countries such as the UK, Germany, Japan, Netherlands, and the USA. The high concentration levels indicated by the HHI in 2024 suggest a competitive market landscape. It will be crucial for importers and manufacturers to closely monitor trends and adapt strategies to navigate the challenging market conditions in the coming years.

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 Nigeria Digital Compass Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Digital Compass Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Digital Compass Market - Industry Life Cycle |
3.4 Nigeria Digital Compass Market - Porter's Five Forces |
3.5 Nigeria Digital Compass Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Nigeria Digital Compass Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Nigeria Digital Compass Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
4 Nigeria Digital Compass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of smartphones and smart devices in Nigeria, leading to higher demand for digital compasses. |
4.2.2 Growing awareness about the benefits of digital compasses in outdoor activities, navigation, and mapping. |
4.2.3 Technological advancements in digital compass technology, resulting in improved accuracy and functionality. |
4.3 Market Restraints |
4.3.1 Lack of awareness and understanding about digital compasses among potential users. |
4.3.2 Limited availability of high-quality digital compass products in the Nigerian market. |
4.3.3 High initial costs associated with purchasing digital compasses, hindering widespread adoption. |
5 Nigeria Digital Compass Market Trends |
6 Nigeria Digital Compass Market, By Types |
6.1 Nigeria Digital Compass Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Digital Compass Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Nigeria Digital Compass Market Revenues & Volume, By Fluxgate, 2021- 2031F |
6.1.4 Nigeria Digital Compass Market Revenues & Volume, By Hall-Effect, 2021- 2031F |
6.1.5 Nigeria Digital Compass Market Revenues & Volume, By Magneto resistive, 2021- 2031F |
6.1.6 Nigeria Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Nigeria Digital Compass Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Digital Compass Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.2.3 Nigeria Digital Compass Market Revenues & Volume, By Aerospace & Defence, 2021- 2031F |
6.2.4 Nigeria Digital Compass Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.5 Nigeria Digital Compass Market Revenues & Volume, By Marine, 2021- 2031F |
6.2.6 Nigeria Digital Compass Market Revenues & Volume, By Surveying, 2021- 2031F |
6.2.7 Nigeria Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Nigeria Digital Compass Market, By Sensor Type |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Digital Compass Market Revenues & Volume, By 1 & 2-axis, 2021- 2031F |
6.3.3 Nigeria Digital Compass Market Revenues & Volume, By 3-axis, 2021- 2031F |
6.3.4 Nigeria Digital Compass Market Revenues & Volume, By 6-axis, 2021- 2031F |
6.3.5 Nigeria Digital Compass Market Revenues & Volume, By 9-axis, 2021- 2031F |
7 Nigeria Digital Compass Market Import-Export Trade Statistics |
7.1 Nigeria Digital Compass Market Export to Major Countries |
7.2 Nigeria Digital Compass Market Imports from Major Countries |
8 Nigeria Digital Compass Market Key Performance Indicators |
8.1 Number of downloads for digital compass mobile applications in Nigeria. |
8.2 Percentage increase in sales of smartphones and smart devices in Nigeria. |
8.3 Growth in the number of digital compass manufacturers entering the Nigerian market. |
8.4 Increase in the usage of digital compasses in outdoor events and activities in Nigeria. |
8.5 Number of partnerships between digital compass providers and local navigation services in Nigeria. |
9 Nigeria Digital Compass Market - Opportunity Assessment |
9.1 Nigeria Digital Compass Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Nigeria Digital Compass Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Nigeria Digital Compass Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
10 Nigeria Digital Compass Market - Competitive Landscape |
10.1 Nigeria Digital Compass Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Digital Compass Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |