PUNE, India, November 3, 2016 /PRNewswire/ -- The report "E-Compass Market by Technology (Fluxgate, Hall Effect, Magnetoresistive), Type (1&2 Axis, 3 Axis, 6 Axis, 9 Axis), Application (Consumer Electronics, Aerospace & Defense, Automotive, Surveying, Marine) and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market, in terms of value, is expected to grow from USD 808.6 Million in 2015 to USD 2,187.1 Million by 2022, at a CAGR of 14.57% between 2016 and 2022. The market, in terms of volume, is expected to grow from 1.60 Billion units in 2015 to 4.45 Billion units by 2022, at a CAGR of 15.00% between 2016 and 2022. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 67 market data Tables and 59 Figures spread through 157 Pages and in-depth TOC on"E-Compass Market"http://www.marketsandmarkets.com/Market-Reports/e-compass-market-10144586.htmlEarly buyers will receive 10% customization on this report. The increasing demand for wearable electronics such as smart watches, fitness and sports trackers have created a huge demand for e-compasses as these devices are, in general, equipped with navigation functionality which has been made possible through the use of e-compasses. The GPS-based navigation technologies are able to provide a precise location only when they are in a range of GPS signals, however, the tilt compensated e-compasses does not rely on the GPS signals and continues to provide the right direction even in the absence of a GPS signal, hence making them extremely useful specifically for applications such as outdoor recreational sports. Hall effect-based e-compass to hold the largest share of the e-compass market The Hall effect-based e-compass is expected to hold the largest market share and dominate the e-compass market between 2016 and 2022, owing to the their increasing adoption within consumer electronics market which require low cost e-compass and compact sensors in devices such as smart phones, tablet computers, gaming consoles, and so on.