Global MultiAxis Sensor Overview 2025, Forecast To 2034
26 Mar, 2025
What Fueled The Previous Growth In The MultiAxis Sensor Market?
The multiaxis sensor market has seen considerable growth due to a variety of factors.
• The market size for multi-axis sensors has seen an expedited growth in recent years. The market size, which stood at $1.67 billion in 2024, is projected to climb to $1.87 billion in 2025, recording a compound annual growth rate (CAGR) of 11.8%.
The historical period experienced this growth due to various factors such as the increased uptake of wearable gadgets, the escalating demand for exact positioning, the rise in the requirement for multi-axis sensors in telematics, the increase in wearable health monitoring systems, as well as the growing demand for multi-axis sensors in gaming headsets.
What Can Be Expected from the MultiAxis Sensor Market Size?
The multiaxis sensor market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of multi-axis sensors is predicted to experience a quick expansion in the upcoming years, escalating to $2.89 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 11.5%.
The expected growth during the forecast period is due to factors such as rising industrial growth, an increase in the use of unmanned vehicles, proliferation of consumer electronics, a surge in smartphone usage, and an escalating demand in the aerospace and defense areas. Key trends anticipated during this forecast period include advancements in technology, the application of IoT gadgets, incorporation in wearable tech, integration with Augmented Reality (AR), and utilization of data analytics.
What Are the Critical Driver Fuelling The MultiAxis Sensor Market's Growth?
The accelerated need for automation is anticipated to drive the expansion of the multi-axis sensor market. Automation embodies the implementation of technology, minimizing human involvement to boost effectiveness and precision. Greater efficiency, decreased operational costs, amplified accuracy, and the capability to deal with intricate tasks at elevated speeds are instigating the augmented demand for automation, along with addressing labor shortages and escalated safety across different sectors. Multi-axis sensors offer comprehensive data on motion across several axes (X, Y, and Z), facilitating highly accurate task execution in automation systems, predominantly in sectors like robotics and production, where delicate regulation is crucial. For example, data from the International Federation of Robotics, a Germany-based robotics research institution revealed that during September 2023, global factories installed 553,052 industrial robots in the year 2022, a surge of 5% from the former year. Consequently, the escalated demand for automation is fueling the expansion of the multi-axis sensor market.
How Is The MultiAxis Sensor Market segmented?
The multi-axis sensor market covered in this report is segmented –
1) By Type: Microelectromechanical Systems Gyroscopes, Microelectromechanical Systems Accelerometers, Digital Compass, Motion Sensor Combos, Other Types
2) By Axis: 2-Axis, 3-Axis, 6-Axis, 9-Axis
3) By Vertical: Consumer Electronics, Automotive, Aerospace And Defense, Industrial, Other Verticals
Subsegments:
1) By Microelectromechanical Systems (MEMS) Gyroscopes: 1-Axis Gyroscopes, 2-Axis Gyroscopes, 3-Axis Gyroscopes
2) By Microelectromechanical Systems (MEMS) Accelerometers: 1-Axis Accelerometers, 2-Axis Accelerometers, 3-Axis Accelerometers
3) By Digital Compass: Fluxgate Compasses, Magnetoresistive Compasses, Hall Effect Compasses
4) By Motion Sensor Combos: Gyroscope & Accelerometer Combos, Accelerometer & Magnetometer Combos, 9-Axis Motion Sensors (Gyroscope, Accelerometer & Magnetometer)
5) By Other Types: Inertial Measurement Units (IMUs), Tilt Sensors, Optical Motion Sensors
Which Emerging Market Trends Are Altering The MultiAxis Sensor Industry?
Major companies in the multi-axis sensor market are focusing on developing innovative products, such as frictionless linear motors, to enhance the precision, speed, and efficiency of sensor systems, enabling more accurate measurements and smoother operations in applications like robotics, manufacturing, and automation. Frictionless linear motors are advanced types of electric motors that provide motion along a straight line without physical contact between moving parts. For instance, in February 2024, Renishaw Inc., a UK-based electronics company, launched the AGILITY 5-Axis multi-sensor coordinate measuring machines. The AGILITY system incorporates advanced 5-axis technology, allowing for high-speed and highly accurate measurements across multiple planes without the need for repositioning the workpiece. It seamlessly integrates multiple sensor types, including contact and non-contact sensors, to provide versatile measurement capabilities. The frictionless linear motors contribute to smooth, rapid motion, minimizing wear and improving system longevity.
Who Are the Key Players In The MultiAxis Sensor Market?
Major companies operating in the multi-axis sensor market are:
• Bosch Sensortec GmbH
• InvenSense Inc.
• ATI Industrial Automation Inc.
• Kionix Inc.
• Honeywell International Inc.
• Jewell Instruments LLC
• L3Harris Technologies Inc.
• Texas Instruments Incorporated
• STMicroelectronics N.V.
• NXP Semiconductors N.V.
• Murata Manufacturing Co. Ltd.
• Analog Devices Inc.
• Microchip Technology Incorporated
• Interface Inc.
• PCB Piezotronics Inc.
• MEMSIC Inc.
• Broadcom Inc.
• Aceinna Inc.
• Althen Sensors & Controls GmbH
• Robotus Co. Ltd.
What Is The Most Dominant Region In The MultiAxis Sensor Market?
North America was the largest region in the multi-axis sensor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-axis sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.