Dublin, Feb. 17, 2023 (GLOBE NEWSWIRE) -- 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
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 226 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $731.6 Million |
| Forecasted Market Value (USD) by 2030 | $2700 Million |
| Compound Annual Growth Rate | 17.7% |
| Regions Covered | Global |
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/9cad4x-axis?w=12
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