Tilt Sensor Market Analysis
The global tilt sensor market size is likely to touch USD 257.64 million at a 7.42% CAGR in the forecast period 2020- 2027, according to the latest Market Research Future (MRFR) analysis. Tilt sensors are utilized for non-contact detection of objects and to observe the level. These sensors are used across different sectors like aviation, robotics, gaming, construction and mining, among others. Optical based tilt sensors, proportional tilt sensors, and switch based tilt sensors are the different types of tilt sensors. Owing to its alluring features and plentiful benefits, tilt sensors have wide applications in different end use industries including aviation, gaming, robotics, transport, automobile, construction, and mining, among others.
Various factors are fuelling the tilt sensor market growth. As per the recent MRFR market estimates, such factors include increasing use of tilt sensors in the construction and mining equipment, increasing implementation of such sensors on the gaming sectors, growing adoption of non-metallic materials in various end-use industries, high implementation of tilt sensors based on MEMS technology, and rapid urbanization. The additional factors adding to the market growth include ongoing R&D activities across the globe, increasing use during COVID-19 pandemic, rising demand for construction equipment, increasing implementation in the gaming industry, and data logging capabilities, accuracy, and easy operability related to such sensors. Besides, growing application areas are the tilt sensor market opportunities.
On the contrary, complexity of technologies, high costs, concerns about wrong signal, and lack of skilled professionals may limit the global tilt sensor market growth over the forecast period.
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Tilt Sensor Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global tilt sensor market based on application and type.
By type, the global tilt sensor market is segmented into optical based tilt sensors, proportional tilt sensors, and switch based tilt sensors. Of these, switch based tilt sensors will lead the market over the forecast period.
By application, the global tilt sensor market is segmented into aviation, gaming, robotics, transport, automobile, construction, and mining. Of these, the aviation segment will dominate the market over the forecast period.
Tilt Sensor Market Regional Analysis
By region, the global tilt sensor market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, North America will steer the market over the forecast period. The presence of prominent players in the region and growing construction, mining, and automotive sector are adding to the tilt sensor market share in the region.
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In Europe, the tilt sensor market is predicted to have second-largest share over the forecast period followed by the APAC region.
In the APAC region, the global tilt sensor market is predicted to have healthy growth over the forecast period. The presence of several automotive, transportation, construction, and mining companies, and the presence of several key players are adding to the global tilt sensor market growth in the region.
In RoW, the global tilt sensor market is predicted to have notable growth over the forecast period for the steady growth opportunities expected in sectors and industries like transportation, mining, construction, automotive, and agriculture.
Tilt Sensor Market Key Players
The prominent players profiled in the global tilt sensor market report include -
- The Fredericks Company (U.S.)
- Tamagawa seiki Co.Ltd (Japan)
- Spectron Sensors (U.S.)
- Level Developments Ltd. (UK)
- Murata Manufacturing Co. Ltd. (Japan)
- SICK AG (Germany)
- MEMSIC Inc (U.S.)
- TE Connectivity Ltd. (Switzerland)
- Pepperl+Fuchs Vertrieb GmbH & Co. KG (Germany)
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The global tilt sensor market is fragmented and competitive with the presence of multiple domestic and international industry players. These players have used assorted strategies to stay at the forefront and also cater to the surging needs of the esteemed customers, such as collaborations, partnerships, contracts, geographic expansions, new product launches, joint ventures, and more. Additionally, these players are also making heavy investments in research and development activities for strengthening their portfolios and also creating a hold in the market.
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