| Product Code: ETC9553192 | 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 |
Sweden`s digital compass import market in 2024 saw China, Norway, Metropolitan France, Australia, and Finland as the top exporting countries. Despite a negative compound annual growth rate of -11.21% from 2020 to 2024, there was a positive growth spurt of 8.28% from 2023 to 2024. The market concentration, as indicated by the Herfindahl-Hirschman Index (HHI), remained very high in 2024, suggesting a competitive landscape dominated by a few key players. This data highlights the dynamic nature of the digital compass import market in Sweden and the shifting trends in supplier countries.
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 Sweden Digital Compass Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Digital Compass Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Digital Compass Market - Industry Life Cycle |
3.4 Sweden Digital Compass Market - Porter's Five Forces |
3.5 Sweden Digital Compass Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Sweden Digital Compass Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Sweden Digital Compass Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
4 Sweden Digital Compass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of smartphones and other portable electronic devices that require digital compasses for navigation |
4.2.2 Growing demand for digital compasses in industries such as automotive, aerospace, and defense for various applications |
4.2.3 Technological advancements leading to improved accuracy and functionality of digital compasses |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with digital compass technology |
4.3.2 Concerns regarding data security and privacy issues related to the use of digital compasses in personal devices |
5 Sweden Digital Compass Market Trends |
6 Sweden Digital Compass Market, By Types |
6.1 Sweden Digital Compass Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Sweden Digital Compass Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Sweden Digital Compass Market Revenues & Volume, By Fluxgate, 2021- 2031F |
6.1.4 Sweden Digital Compass Market Revenues & Volume, By Hall-Effect, 2021- 2031F |
6.1.5 Sweden Digital Compass Market Revenues & Volume, By Magneto resistive, 2021- 2031F |
6.1.6 Sweden Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Sweden Digital Compass Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Sweden Digital Compass Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.2.3 Sweden Digital Compass Market Revenues & Volume, By Aerospace & Defence, 2021- 2031F |
6.2.4 Sweden Digital Compass Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.5 Sweden Digital Compass Market Revenues & Volume, By Marine, 2021- 2031F |
6.2.6 Sweden Digital Compass Market Revenues & Volume, By Surveying, 2021- 2031F |
6.2.7 Sweden Digital Compass Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Sweden Digital Compass Market, By Sensor Type |
6.3.1 Overview and Analysis |
6.3.2 Sweden Digital Compass Market Revenues & Volume, By 1 & 2-axis, 2021- 2031F |
6.3.3 Sweden Digital Compass Market Revenues & Volume, By 3-axis, 2021- 2031F |
6.3.4 Sweden Digital Compass Market Revenues & Volume, By 6-axis, 2021- 2031F |
6.3.5 Sweden Digital Compass Market Revenues & Volume, By 9-axis, 2021- 2031F |
7 Sweden Digital Compass Market Import-Export Trade Statistics |
7.1 Sweden Digital Compass Market Export to Major Countries |
7.2 Sweden Digital Compass Market Imports from Major Countries |
8 Sweden Digital Compass Market Key Performance Indicators |
8.1 Average accuracy improvement rate of digital compass technology |
8.2 Percentage increase in the adoption of digital compasses in new industry applications |
8.3 Number of new technological advancements implemented in digital compass products |
9 Sweden Digital Compass Market - Opportunity Assessment |
9.1 Sweden Digital Compass Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Sweden Digital Compass Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Sweden Digital Compass Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
10 Sweden Digital Compass Market - Competitive Landscape |
10.1 Sweden Digital Compass Market Revenue Share, By Companies, 2024 |
10.2 Sweden 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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