Market Highlights:
Tilt sensors are used for non-contact detection of any objects and for observing the level. The sensors are used for detection of non-metallic materials. Tilt sensors are used across various sectors such as construction & mining, gaming, robotics and aviation among others. For instance, in gaming, tilt sensors are used to detect the inclination for which non-metallic materials are used. Non-metallic materials since they are convenient, environment friendly and cost-effective.
The global Tilt Sensor Market has been witnessing a steady growth over the last few years on account of rapid growth of automobile and transportation market, high implementation of sensors in the constructions machines and rising demand for tilt sensors based MEMS technology. The market has been divided into following application such as mining, transport, automobile and many more.
The factors contributing to the growth of the automobile sector are global harmonization and economies of scale. Also, increasing safety awareness and personal protection is demanding for better standards in protecting both persons and property and in return it is increasing the proportion of vehicle value. In 2018, the automobile sector contributed 12.57% to the overall growth of the tilt sensor market. Tilt sensors are majorly used to understand the inclination of the steering.
Tilt sensors are used in robots since balance is one of the most important criteria. For instance, whenever a robot inclines to any direction tilt sensor helps to incline in form of electrical signals. Therefore, it makes the robot judge on its own and helps to get aligned on its own.
The global tilt sensor market is growing rapidly over ~7.42% of CAGR and is expected to reach at USD ~ 257.64 million by the end of forecast period
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Key Players
The key players in the global tilt sensor market include- Pepperl+Fuchs Vertrieb GmbH & Co. KG (Germany), TE Connectivity Ltd. (Switzerland), MEMSIC, Inc (U.S.), SICK AG (Germany), Murata Manufacturing Co., Ltd. (Japan), Level Developments Ltd. (UK), Spectron Sensors (U.S.), Tamagawa seiki Co,.Ltd (Japan), The Fredericks Company (U.S.) among others.
Segmental Analysis
The tilt sensor market globally is segmented on the basis of application, type, and region. Based on type, the tilt sensor market is segmented into proportional tilt sensors, switch-based tilt sensors, and optical based tilt sensors. On the basis of application, the tilt sensor market is further segmented into construction, mining, automobile, transport, gaming, aviation, robotics, and others. The regions that are contributing to the development of the tilt sensor market are Europe, Asia Pacific, North America, and Rest of the World.
Detailed Regional Analysis
The regional analysis of the tilt sensor market comprises of regions such as North America, Europe, Asia Pacific, and Rest of the World. The North American region was dominating the tilt sensor market and has produced revenues totaling USD 7.44 million in terms of the market value in 2017 and is projected to touch USD 11.43 million in revenues while progressing with a 7.43% CAGR by 2023. As the Asia Pacific region serves as a headquarter based for important aerospace and defense, mining and construction, automotive and transportation companies, it is a major factor that has added to the development of the Asia Pacific region in the global market. Furthermore, a large number of important players functioning in the tilt sensor market are also located in the Asia Pacific region.
Industry Updates:
Nov 2018 Murata has recently introduced a three-axis mems inclination sensor with a digital SPI interface and tilt angle output. The sensor has been named SCL3300-D01, the device is intended to address applications comprising of tilt sensing, leveling, machine control, and structural health monitoring. The inclinometer offers a ±90° tilt angle output and functions from -40 to +125°C with a typical offset temperature drift less than ±10mg through the working temperature range.
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Intended Audience
- Device manufacturers
- Network Operators
- Distributors
- Suppliers
- Research firms
- Software Developers
- Commercial Banks
- Vendors
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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