Press release
Multi-axis Sensor Market Report Helps To Predict Investment In An Emerging Market For The Forecast Period 2027
The Multi-axis Sensor Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Multi-axis Sensor market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Multi-axis Sensor market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Multi-axis Sensor market.The multi-axis sensor market was valued at USD 0.61 billion in 2020, and is expected to reach a value of USD 2.14 billion by 2026, registering a CAGR of 23.62 % over the forecast period of 2021-2026.
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Top Leading Companies of Multi-axis Sensor Market are - Honeywell International Inc., Parker Hannifin, L3 Communications, Trimble Navigation Ltd, STMicroelectronic, Interface Inc., Moog Inc., Jewell Instruments LLC, HBM Inc., Aeron Systems and others.
Industry News and Updates:
- December 2018 - BCM's multi-grid strain gauges for multi-axis force/torque sensor were used for the robots for modern manufacturing purpose. Hence, BCM Sensor's Model 8691 provided the compact and customized metal foil strain gauges for multi-axis sensors applications.
Key Market Trends:
Incorporation of MEMS Sensors in Consumer Electronics Segment to Drive the Market
- The introduction of micro electro mechanical systems (MEMS) has benefited the consumer electronic devices, like smartphones and tablets. With the consumer electronics witnessing rapid growth, the worldwide MEMS market has entered the high growth phase.
- MEMS often encompass accelerometers, gyroscopes, and microphones. While high-end smartphones and tablets continue as the primary markets for multi-axis sensors, the wearable devices, gaming, navigation, imaging, and virtual reality headsets are rapidly gaining popularity.
North America Account for Significant Market Share
- Owing to its technologically advanced industries and propelling consumer electronics industry, North America dominates the market. The US accounts for the major share in the North American market, owing to the increasing smartphone and gaming consoles' penetration in the country.
- Moreover, the increasing investments in the defense sector are also creating a need for gyroscopes and IMUs (Inertial Measurement Unit).
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Multi-axis Sensor Market Size & Analysis (2017 - 2027)
- Market Share Analysis of Multi-axis Sensor Market (%),2017 - 2027
- Multi-axis Sensor Market Share, By Brand
- Multi-axis Sensor Market Share, By Company
- Multi-axis Sensor Market Assessment & Opportunity (Value),2017 - 2027
- Major Companies Multi-axis Sensor Market Value Analysis & Forecast
- Promising Multi-axis Sensor Development by Major Companies
- Detailed Multi-axis Sensor Portfolio of the Major Companies
- Major Deals in the Multi-axis Sensor Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082591549/multi-axis-sensor-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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