| Product Code: ETC6546622 | 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, Bulgaria continued to see significant imports of digital compasses, with the top exporting countries being the USA, China, Taiwan, India, and Metropolitan France. The Market Top 5 Importing Countries and Market Competition (HHI) Analysis concentration, as measured by the HHI, remained high in 2024, indicating a limited number of major players dominating the Market Top 5 Importing Countries and Market Competition (HHI) Analysis . However, there was a sharp decline in both the CAGR and growth rate from 2023 to 2024, suggesting a challenging environment for importers of digital compasses in Bulgaria. This trend may indicate increased competition or shifts in consumer demand impacting the Market Top 5 Importing Countries and Market Competition (HHI) Analysis dynamics.

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 Bulgaria Digital Compass Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Digital Compass Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Digital Compass Market - Industry Life Cycle |
3.4 Bulgaria Digital Compass Market - Porter's Five Forces |
3.5 Bulgaria Digital Compass Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Bulgaria Digital Compass Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Bulgaria Digital Compass Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
4 Bulgaria Digital Compass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of smartphones and digital devices in Bulgaria |
4.2.2 Growing demand for location-based services and applications |
4.2.3 Technological advancements in digital compass technology |
4.3 Market Restraints |
4.3.1 Limited consumer awareness about the benefits of digital compass technology |
4.3.2 Concerns regarding data privacy and security |
4.3.3 High initial costs associated with implementing digital compass solutions |
5 Bulgaria Digital Compass Market Trends |
6 Bulgaria Digital Compass Market, By Types |
6.1 Bulgaria Digital Compass Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Digital Compass Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Bulgaria Digital Compass Market Revenues & Volume, By Fluxgate, 2021- 2031F |
6.1.4 Bulgaria Digital Compass Market Revenues & Volume, By Hall-Effect, 2021- 2031F |
6.1.5 Bulgaria Digital Compass Market Revenues & Volume, By Magneto resistive, 2021- 2031F |
6.1.6 Bulgaria Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Bulgaria Digital Compass Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Digital Compass Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.2.3 Bulgaria Digital Compass Market Revenues & Volume, By Aerospace & Defence, 2021- 2031F |
6.2.4 Bulgaria Digital Compass Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.5 Bulgaria Digital Compass Market Revenues & Volume, By Marine, 2021- 2031F |
6.2.6 Bulgaria Digital Compass Market Revenues & Volume, By Surveying, 2021- 2031F |
6.2.7 Bulgaria Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Bulgaria Digital Compass Market, By Sensor Type |
6.3.1 Overview and Analysis |
6.3.2 Bulgaria Digital Compass Market Revenues & Volume, By 1 & 2-axis, 2021- 2031F |
6.3.3 Bulgaria Digital Compass Market Revenues & Volume, By 3-axis, 2021- 2031F |
6.3.4 Bulgaria Digital Compass Market Revenues & Volume, By 6-axis, 2021- 2031F |
6.3.5 Bulgaria Digital Compass Market Revenues & Volume, By 9-axis, 2021- 2031F |
7 Bulgaria Digital Compass Market Import-Export Trade Statistics |
7.1 Bulgaria Digital Compass Market Export to Major Countries |
7.2 Bulgaria Digital Compass Market Imports from Major Countries |
8 Bulgaria Digital Compass Market Key Performance Indicators |
8.1 Average daily active users of digital compass applications |
8.2 Number of partnerships with smartphone manufacturers for pre-installed digital compass features |
8.3 Percentage increase in location-based advertising revenue |
8.4 Average time spent on digital compass applications |
8.5 Customer satisfaction ratings for digital compass accuracy and reliability |
9 Bulgaria Digital Compass Market - Opportunity Assessment |
9.1 Bulgaria Digital Compass Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Bulgaria Digital Compass Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Bulgaria Digital Compass Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
10 Bulgaria Digital Compass Market - Competitive Landscape |
10.1 Bulgaria Digital Compass Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria 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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