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The Multi-axis Sensor Market is segmented by Type (MEMS Gyroscopes, MEMS Accelerometers, Digital Compass, and Motion Sensor Combos), Application (Consumer Electronics, Automotive, Aerospace and Defense, Medical and Healthcare, and Industrial), and Geography.
Fastest Growing Market:
The multi-axis sensor market was valued at USD 0.61 billion in 2019, and is expected to reach a value of USD 2.14 billion by 2025, registering a CAGR of 23.62 % over the forecast period of 2020-2025. The increase in technological advancement is driving the multi-axis sensor market.
the multi-axis sensors with a single load cell can measure multiple forces and moments simultaneously. These sensors provide multiple bridges to measure the applied force or torques along the multiple vector axes precisely from one direction with a little force or moment.
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The major players include Honeywell International, L3 Communications, Parker Hannifin, Trimble Navigation, STMicroelectronics, and Interface Inc, among others. The market is fragmented because of the high competition among the players. Therefore, the market concentration is expected to be low.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Technological Advancements Giving Rise to Innovative Products
4.3.2 Increasing Applications Based on Motion Sensing
4.4 Market Restraints
4.4.1 Complex Nature of Integration in Existing Systems and Need for Ancillary Components
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 MEMS Gyroscopes
5.1.2 MEMS Accelerometers
5.1.3 Digital Compass
5.1.4 Motion Sensor Combos
5.1.5 Other Types
5.2 By Application
5.2.1 Consumer Electronics
5.2.3 Aerospace and Defense
5.2.4 Medical and Healthcare
5.2.6 Other Applications
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Honeywell International Inc.
6.1.2 Parker Hannifin
6.1.3 L3 Communications
6.1.4 Trimble Navigation Ltd
6.1.6 Interface Inc.
6.1.7 Moog Inc.
6.1.8 Jewell Instruments LLC
6.1.9 HBM Inc.
6.1.10 Aeron Systems
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability