Global Multi-Axis Sensors Strategic Business Report 2023: Large Scale Usage in Consumer Electronics Driving the Market

News provided by

Feb 17, 2023, 13:30 ET

DUBLIN, Feb. 17, 2023 /PRNewswire/ -- The "Multi-Axis Sensors: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Multi-Axis Sensors estimated at US$731.6 Million in the year 2022, is projected to reach a revised size of US$2.7 Billion by 2030, growing at a CAGR of 17.9% over the analysis period 2022-2030.

Motion Sensor Combos, one of the segments analyzed in the report, is projected to record a 17.4% CAGR and reach US$1.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the MEMS Gyroscopes segment is readjusted to a revised 20.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $199.3 Million, While China is Forecast to Grow at 25.7% CAGR

The Multi-Axis Sensors market in the U.S. is estimated at US$199.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$765.5 Million by the year 2030 trailing a CAGR of 25.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.1% and 15.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$399.4 Million by the year 2030.

Select Competitors (Total 48 Featured) -

HBM, Inc.
Honeywell International, Inc.
Interface, Inc.
Jewell Instruments LLC
L-3 Communications Holdings, Inc.
LORD MicroStrain Sensing Systems
MEMSIC, Inc.
Moog, Inc.
Parker Hannifin Corporation
STMicroelectronics
Systron Donner Inertial
Trimble Navigation Ltd.
VectorNav Technologies LLC

What`s New for 2023?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Multi Axis Sensor: An Introduction
MEMS Gyroscopes
MEMS Accelerometers
Multi Axis Sensors Help Industries Improve Data Analysis and Augment Performance
Multi-Axis Sensor: Industry Overview
US Dominates the Global Multi Axis Sensor Market
Multi-Axis Sensors - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Sensor Technology Revolutionizes the Future of Several Industries
Multi Axis Sensors: Select Applications
Testing of Wind Tunnel
Torque Measurement in Aircraft Control Column
Measuring Forces and Moments in Flight Simulator
Helicopter Cyclic Controls (Joysticks)
Automated Capping Press
Sensors Playing Crucial Role in Industry 4.0
Large Scale Usage in Consumer Electronics Driving the Market
Smartphone Motion Sensors: A Disruptive Technology for Healthcare Sector
Six Axis Force Sensors and Their Typical Applications

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/qaw6ol-axis?w=5

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets