The global multi-axis sensors market value is anticipated to reach USD 870.6 million in 2023 and USD 4.5 billion by 2033. Over the forecast period, global sales of multi-axis sensors are likely to soar at 17.9% CAGR.
As per the latest report, the worldwide multi-axis sensors industry totaled a valuation of USD 731.6 million at the end of 2022. The same market is projected to create an absolute $ growth of USD 3.6 billion during the assessment period.
Demand is expected to remain high for motion sensor combos during the forecast period. This is due to rising usage of these sensor combos on account of their several benefits.
According to Future Market Insights (FMI), motion sensor combos segment is anticipated to thrive at a CAGR of about 17.8% through 2033. Hence, it is likely to remain a key revenue-generation category for multi-axis sensor manufacturers.
Key Market Shaping Factors:
Multiple-axis sensors are devices used to measure angular velocity or acceleration in multiple directions simultaneously. These sensors play a critical role in detecting motion, orientation, and changes in velocity across different axes.
Multi-axis sensors have become essential components in several technologies that require orientation tracking, motion detection, and stabilization. They are being increasingly used for several applications across sectors such as automotive, robotics, consumer electronics, etc.
By enabling precise & reliable measurement of movement in multiple directions, multi-axis sensors are revolutionizing sectors such as consumer electronics, aerospace, robotics, and automotive.
Rapid expansion of consumer electronics sector is expected to boost the global multi-axis sensors industry during the forecast period.
Multi-axis sensors are being widely utilized in consumer electronic products such as gaming consoles, smartphones, virtual reality, and augmented reality devices to provide an immersive user experience. This is due to their capability to enable gesture recognition, motion tracking, and orientation detection.
Rising popularity of autonomous vehicles along with growing focus on improving vehicle safety is likely to elevate multi-axis sensor demand.
Multi-axis sensors play a crucial role in automotive safety systems such as anti-lock braking systems, electronic stability control, and airbag deployment. Amid rising production and sales of autonomous vehicles, demand for multi-axis sensors for navigation and collision avoidance is set to rise rapidly.
Similarly, shift towards remote health monitoring & telemedicine and increasing adoption of smart medical devices is projected to fuel multi-axis sensor sales through 2033.
Multi-axis sensors are being incorporated into smartwatches, wearable fitness trackers, and medical devices to track movements, monitor user activity, and collect health-related data. High adoption of these devices is expected to contribute to market expansion.
Another key factor that is expected to create growth opportunities for multi-axis sensor manufacturers is the rising penetration of IoT and Industry 4.0.
Multi-axis sensors have become essential for collecting data from multiple sources in smart manufacturing, industrial automation, and connected devices. They enable real-time monitoring and control of processes, thereby significantly improving efficiency & productivity.
| Attributes | Key Insights |
|---|---|
| Estimated Global Multi-axis Sensors Market Size (2023) | USD 870.6 million |
| Projected Market Size (2033) | USD 4.5 billion |
| Value-based CAGR (2023 to 2033) | 17.9% |
| United States Market CAGR (2023 to 2033) | 17.8% |
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As per Future Market Insights’ (FMI’s) latest analysis, global multi-axis sensor sales increased at 20.2% CAGR historically from 2018 to 2022. At the end of 2022, total market value reached around USD 731.6 million.
Looking ahead, the worldwide multi-axis sensors market is poised to exhibit a CAGR of 17.9% through 2033. It is predicted to generate an absolute $ growth of USD 3.6 billion during the forecast period.
Increasing usage of multi-axis sensors in consumer electronics, automotive, healthcare, defense, and industrial applications is expected to drive the market swiftly through 2033.
Multi-axis sensors are becoming ideal solutions for demanding applications such as aerospace flight controls, automotive component testing, and manufacturing robotics requiring simultaneous measurement of multiple forces.
Multi-axis sensors such as MEMS gyroscopes and MEMS accelerometers are gaining immense traction in applications such as automotive safety systems, smartphones, drones, and wearables. They measure forces and torques occurring in more than one spatial direction.
Growing adoption of robotics and drones across the globe is expected to boost the worldwide multi-axis sensors industry during the forecast period.
Multi-axis sensors improve capabilities of drones and robots in several applications. This is due to their ability to enable precise movement control, navigation, and stabilization.
Robust growth of aerospace & defense sector along with increasing investments in advanced systems is another key factor expected to uplift multi-axis sensor demand.
In the aerospace & defense sector, multi-axis sensors are widely used in applications such as missile guidance, aircraft navigation, and stabilization of platforms.
Leading companies are utilizing micro-electro-mechanical systems (MEMS) technology to walk with the trend of miniaturization. Advancements in MEMS technology are allowing them to develop compact, lightweight, cost-effective, and energy-efficient multi-axis sensors. This will positively impact the market.
| Country | United States |
|---|---|
| Projected CAGR (2023 to 2033) | 17.8% |
| Market Value (2033) | USD 866.6 million |
| Historical CAGR (2018 to 2022) | 20.2% |
| Country | United Kingdom |
|---|---|
| Projected CAGR (2023 to 2033) | 17.5% |
| Market Value (2033) | USD 159.9 million |
| Historical CAGR (2018 to 2022) | 19.9% |
| Country | China |
|---|---|
| Projected CAGR (2023 to 2033) | 17.7% |
| Market Value (2033) | USD 1.0 billion |
| Historical CAGR (2018 to 2022) | 20.0% |
| Country | Japan |
|---|---|
| Projected CAGR (2023 to 2033) | 17.8% |
| Market Value (2033) | USD 866.5 million |
| Historical CAGR (2018 to 2022) | 19.9% |
| Country | South Korea |
|---|---|
| Projected CAGR (2023 to 2033) | 17.4% |
| Market Value (2033) | USD 259.2 million |
| Historical CAGR (2018 to 2022) | 19.5% |
According to Future Market Insights (FMI), the United States multi-axis sensors market is forecast to total USD 866.6 million by 2033. It is predicted to generate an absolute $ growth of USD 697.9 million over the assessment period.
Overall sales of multi-axis sensors in the United States are expected to soar at 17.8% CAGR through 2033. During the historical period, the United States multi-axis sensors industry grew at 20.2% CAGR.
Robust growth of aerospace & defense sector due to rising government spending and rising adoption of advanced technologies are key factors driving the United States market.
There has been a dramatic increase in military & defense spending across the United States during the last few years. For instance, the United States defense budget and military spending reached a colossal valuation of USD 801 billion in 2021 according to the EXECUTIVEGOV. This in turn is positively impacting multi-axis sensor sales.
Multi-axis sensors have become crucial components in military & defense technology. This is because they enable enhanced situational awareness, accurate navigation, and precise targeting thereby enhancing the overall effectiveness.
Multi-axis sensors are being widely used in aircraft, unmanned aerial vehicles (UAVs), smart bombs, military defense systems, electronic warfare, and radar systems. Increasing usage in these military & defense applications is expected to boost the United States market.
Similarly, rising applications of multi-axis sensors in the thriving healthcare sector and strong presence of leading multi-axis sensor manufacturers are expected to foster market development.
China is expected to emerge as a highly lucrative market for multi-axis sensor manufacturing companies. This is due to rising adoption of multi-axis sensors in booming consumer electronics and automotive sectors.
As per Future Market Insights’ (FMI’s) latest analysis, China multi-axis sensors market size is expected to reach USD 1.0 billion by the end of 2033. Over the forecast period, multi-axis sensor demand in China market is likely to rise at 17.7% CAGR.
China is becoming the manufacturing hub when it comes to production of automotive and smartphones. The country is a leading producer of automobiles. For instance, total vehicle production crossed around 27 million in China in 2022 as per the International Organization of Motor Vehicle Manufacturers (OICA).
Expansion of automotive and consumer electronics in turn is creating a high demand for multi-axis sensors, and the trend is expected to continue through 2033. This is due to increasing usage of these sensors in vehicles and consumer electronic devices such as smartphones.
| Top Segment (Type) | Motion Sensor Combos |
|---|---|
| Historical CAGR (2018 to 2022) | 20.1% |
| Projected CAGR (2023 to 2033) | 17.8% |
| Top Segment (Application) | Consumer Electronics |
|---|---|
| Historical CAGR (2018 to 2022) | 20.0% |
| Projected CAGR (2023 to 2033) | 17.7% |
Based on type, the global multi-axis sensors industry is segmented into motion sensor combos, MEMS gyroscopes, MEMS accelerometers, digital compass, and others. Among these, motion sensor combos remain the highly sought-after type.
According to Future Market Insights (FMI), motion sensor combos segment is forecast to expand at 17.8% CAGR through 2033, in comparison to 20.1% CAGR registered during the historical period.
Multi-axis motion sensor combos are combinations of sensors used for measuring motion along multiple directions simultaneously. They work together to provide a more comprehensive understanding of orientation changes and motions in several applications.
Few of the examples of motion sensor combos include accelerometer & gyroscope combo, inertial measurement unit (IMU), and accelerometer, gyroscope, and magnetometer. As these combos are made by combining different multi-axis sensors, they provide additional benefits.
Motion sensor combos play a vital role in improving user experience, improving accuracy, and enabling innovative technologies. They find use in applications such as robotics, augmented reality, fitness tracking, gaming, automotive, etc.
For instance, multi-axis motion sensor combos contribute to ADAS and vehicle stability control in the automotive sector. These combos help detect acceleration, braking, and orientation changes, thereby contributing to safety & performance.
Based on application, consumer electronics segment is anticipated to generate ample growth opportunities for the multi-axis sensors industry. This is attributable to increasing usage of multi-axis sensors in the thriving consumer electronics sector.
As per the latest analysis by Future Market Insights (FMI), consumer electronics segment grew at a CAGR of 20.0% during the historical period. Over the forecast period, the target segment is likely to thrive at 17.7% CAGR, creating lucrative opportunities for multi-axis sensor manufacturers.
Multi-axis sensors play a crucial role in improving the functionality and user experience of several consumer electronics devices. They are designed to measure motion and orientation in multiple directions which enables them to provide crucial input for a variety of applications.
Multi-axis sensors are being increasingly used in several applications across the consumer electronics sector. For instance, they have become integral components of tablets and smartphones. These sensors enable screen orientation changes and motion-based user interfaces.
Multi-axis sensors are also used in gaming controllers to detect movements and improve gaming experience. They enable features such as gesture recognition, motion-controlled gameplay, and fine-tuned aiming in shooting games.
Growing usage of multi-axis sensors in smartphones, gaming controllers, fitness trackers & smartwatches, smart home devices, and other consumer electronic devices is expected to boost the target market.
Leading manufacturers of multi-axis sensors listed in the report include 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, and STMicroelectronics among others.
These key multi-axis sensor companies are investing in research & development activities to introduce novel solutions with enhanced features. They are also inclined towards employing strategies such as partnerships, alliances, acquisitions, mergers, and distribution agreements to increase sales and strengthen their global footprint.
Recent developments
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 870.6 million |
| Projected Market Value (2033) | USD 4.5 billion |
| Anticipated Growth Rate (2023 to 2033) | 17.9% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million/Billion, Volume in Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type, Application, and Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Companies Profiled | 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 |
The market is valued at USD 870.6 million in 2023.
MEMSIC, Inc, Moog, Inc., Parker Hannifin Corporation are the key companies.
The market is forecast to register a CAGR of 17.9% through 2033.
China’s market is expected to develop at 17.7% through 2033.
The United States market is likely to surge at 17.8% CAGR through 2033.
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Multi-axis Sensors Market
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