| Product Code: ETC7173892 | 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 |
In 2024, Fiji saw high import shipments of digital compasses with key exporters being Metropolitan France, USA, New Zealand, Australia, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong compound annual growth rate (CAGR) of 18.15% from 2020-24, the sharp decline in growth rate from 2023-24 at -78.98% suggests a significant shift or challenge within the market dynamics. Fiji`s reliance on these top exporting countries for digital compass imports highlights the importance of monitoring global trends and diversifying sourcing strategies.

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 Fiji Digital Compass Market Overview |
3.1 Fiji Country Macro Economic Indicators |
3.2 Fiji Digital Compass Market Revenues & Volume, 2021 & 2031F |
3.3 Fiji Digital Compass Market - Industry Life Cycle |
3.4 Fiji Digital Compass Market - Porter's Five Forces |
3.5 Fiji Digital Compass Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Fiji Digital Compass Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Fiji Digital Compass Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
4 Fiji Digital Compass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for outdoor recreational activities and adventure sports that require accurate navigation tools like digital compasses. |
4.2.2 Growing popularity of geocaching and orienteering activities, which rely on digital compasses for precise location tracking. |
4.2.3 Technological advancements leading to the development of more accurate and feature-rich digital compass products. |
4.3 Market Restraints |
4.3.1 High initial costs associated with purchasing digital compasses may hinder widespread adoption, especially in price-sensitive markets. |
4.3.2 Limited awareness and understanding of the benefits of using digital compasses over traditional compasses among potential consumers. |
5 Fiji Digital Compass Market Trends |
6 Fiji Digital Compass Market, By Types |
6.1 Fiji Digital Compass Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Fiji Digital Compass Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Fiji Digital Compass Market Revenues & Volume, By Fluxgate, 2021- 2031F |
6.1.4 Fiji Digital Compass Market Revenues & Volume, By Hall-Effect, 2021- 2031F |
6.1.5 Fiji Digital Compass Market Revenues & Volume, By Magneto resistive, 2021- 2031F |
6.1.6 Fiji Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Fiji Digital Compass Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Fiji Digital Compass Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.2.3 Fiji Digital Compass Market Revenues & Volume, By Aerospace & Defence, 2021- 2031F |
6.2.4 Fiji Digital Compass Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.5 Fiji Digital Compass Market Revenues & Volume, By Marine, 2021- 2031F |
6.2.6 Fiji Digital Compass Market Revenues & Volume, By Surveying, 2021- 2031F |
6.2.7 Fiji Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Fiji Digital Compass Market, By Sensor Type |
6.3.1 Overview and Analysis |
6.3.2 Fiji Digital Compass Market Revenues & Volume, By 1 & 2-axis, 2021- 2031F |
6.3.3 Fiji Digital Compass Market Revenues & Volume, By 3-axis, 2021- 2031F |
6.3.4 Fiji Digital Compass Market Revenues & Volume, By 6-axis, 2021- 2031F |
6.3.5 Fiji Digital Compass Market Revenues & Volume, By 9-axis, 2021- 2031F |
7 Fiji Digital Compass Market Import-Export Trade Statistics |
7.1 Fiji Digital Compass Market Export to Major Countries |
7.2 Fiji Digital Compass Market Imports from Major Countries |
8 Fiji Digital Compass Market Key Performance Indicators |
8.1 Percentage increase in the number of outdoor recreational events and activities in Fiji. |
8.2 Adoption rate of digital compasses among adventure sports enthusiasts and geocaching communities in Fiji. |
8.3 Rate of technological innovation and product development in the digital compass market segment. |
9 Fiji Digital Compass Market - Opportunity Assessment |
9.1 Fiji Digital Compass Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Fiji Digital Compass Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Fiji Digital Compass Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
10 Fiji Digital Compass Market - Competitive Landscape |
10.1 Fiji Digital Compass Market Revenue Share, By Companies, 2024 |
10.2 Fiji 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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