Market Trends of Multi-axis Sensor Industry
This section covers the major market trends shaping the Multi-Axis Sensor Market according to our research experts:
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.
- MEMS sensors are also quickly becoming the expected features in the portable and handheld consumer electronics devices, given the number of ways it can enhance usability.
- For instance, the ability to sense tilt, rotation, and gestures is becoming a standard feature of gaming peripherals. The portable devices are using MEMS to determine the direction for displaying text and images, so that the users can view them from the right angle. Multi-axis MEMS sensors are hence adopted in consumer electronics to fulfill these requirements.
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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).
- In addition, the high-performance inertial sensors and systems are the dynamic market segments, as an ever-increasing number of platforms require stabilization, guidance, or navigation functions.
- Thus, with the increased defense expenditure, the technological developments can lead to innovations in various sensors.
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