The global multi-axis sensor market is anticipated to grow at a CAGR of 25.7% during the forecast period (2024-2031). Consumer electronics, automotive, industrial automation, healthcare, aerospace and defense, Internet of Things (IoT), virtual reality (VR) and augmented reality (AR), and smart agriculture are some of the key industries where applications and use cases for various technologies are being implemented. These industries utilize technologies such as smartphones, tablets, robotics, medical devices, navigation systems, and IoT devices to improve efficiency, enhance safety, and enable innovative solutions in their respective fields. From gesture recognition in consumer electronics to precision control in industrial automation, these applications and use cases highlight the diverse range of benefits that technology brings to different sectors. The market’s growth is attributed to the increased automation in various industries across the globe. The continued trend of automation in several industries, including manufacturing, robotics, and automotive, drives demand for advanced motion control systems such as the XA4 and iXA4 servo drives. For instance, in January 2024, Aerotech Inc., launched its new Automation1 XA4 and iXA4 PWM servo drives. These beneficial single- and multi-axis panel-mounted servo motor drivers provide a comprehensive motion controller and I/O extension possibilities. Future options include a four-axis version, I/O extension, and a DC motor supply.
Browse the full report description of “Multi-axis Sensor Market Size, Share & Trends Analysis Report by Type (Workforce Scheduling and Workforce Analytics, Time and Attendance Management, Performance and Goal Management, Absence and Leave Management, and Others) by Deployment Mode (On-premise, and Cloud) by Enterprise Size (Large Enterprises, and Small and Medium Enterprises) and by End User (BFSI, Consumer Goods and Retail, Automotive, Energy and Utilities, Healthcare and Life Sciences, Manufacturing, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/multi-axis-sensor-market
Furthermore, the rising popularity of consumer electronics has led to a higher demand for advanced sensors. These devices, including smartphones, wearables, and smart home gadgets, require high-performance multi-axis sensors to enhance their functionality and support a wide range of applications. In November 2022, ST has introduced LSM6DSV16X, the flagship 6-axis inertial measurement unit (IMU) embedding ST’s Sensor Fusion Low Power (SFLP) technology, artificial intelligence (AI), and adaptive-self-configuration (ASC) for superior power optimization. The LSM6DSV16X's advanced architecture allows for advanced 3D phone mapping, context awareness, precise gesture recognition, and activity tracking, all processed in the MEMS sensor's triple sensing core.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2023-2031
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Parker Hannifin, L3Harris Technologies, Inc., STMicroelectronic, Robert Bosch GmbH, Texas Instruments Inc., and others.
Key questions addressed by the report
Global Multi-axis Sensor Market Report Segment
By Type
By Application
Global Multi-axis Sensor Market Report Segment by Region
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
• Latin America
• Middle East & Africa
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