Multi-axis Sensor Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2032

Multi-axis sensor market is anticipated to grow at a CAGR of 25.7% during the forecast period (2024-2031). The market’s growth is attributed to the growing demand for technological advances in sensor integration. Continuous improvements in sensor integration technologies help to drive the multi-axis sensor industry. The MiniONE Pro demonstrates how advanced sensing capabilities can be simply incorporated into a small package, reflecting larger developments in sensor technology. For instance, in June 2023, Bota Systems, launched the MiniONE Pro. This advanced six-axis force-torque sensor offers exceptional sensitivity and compactness, empowering small robotic systems with enhanced feedback capabilities. The MiniONE Pro is a sensor that connects robot arms and probes, providing sensitive feedback and precise measurements.

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The global multi-axis sensor market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the rapidly expanding car sector and urbanization.

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  • Market Coverage
  • Market number available for – 2024-2031
  • Base year- 2024
  • Forecast period- 2024-2031
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Market Segmentation

Global Multi-axis Sensor Market by Type

  • MEMS Gyroscopes
  • MEMS Accelerometers
  • Digital Compass
  • Motion Sensor Combos
  • Others (Force and Tactile Sensors, and Tilt Sensors)

Global Multi-axis Sensor Market by Application

  • Consumer Electronics
  • Automotive
  • Aerospace and Defense
  • Medical and Healthcare
  • Industrial and Manufacturing
  • Others(Navigation and Geolocation, and Marine and Underwater Applications)

Regional Analysis

  • North America
  • United States
  • Canada
  • Europe
  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Rest of the World

Company Profiles 

  • Hottinger Brüel & Kjær,
  • Interface Singapore Pte. Ltd.,
  • L3Harris Technologies, Inc.
  • MEMSIC Group
  • Moog Inc.
  • Murata Electronics North America, Inc.
  • OMRON Corp.
  • Parker Hannifin
  • Robert Bosch GmbH
  • Sensata Technologies Holding plc
  • STMicroelectronic
  • Texas Instruments Inc.
  • Trimble
  • Vishay Intertechnology, Inc.

The Report Covers

  • Market value data analysis of 2023 and forecast to 2031.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global multi-axis sensor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.

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