In Every Smartphone

Many wireless handsets today have GPS receivers and the next market flood will the the electronic compass. This little goodie will be able to tell you what direction you are facing. The prediction put out by annalists is the market for magnetic compass sensors will grow from 2008 being 8.7 million to 2013 have over 540 million.
This consumer wanted flavor of the month is added by the drop in price of the manufacturing process upgrades. The current must-have feature is the navigation since people are already relying on their phone to tell them step by step how to get somewhere.
Following the lead of other, the electronic industry is creating a cheaper, smaller and energy efficient compass with the cost in 2009 falling below $1 US dollar each. Just six months ago the same device was $1.50 and it just keeps falling. But as the production volumes increase, it will cost less soon.