"Overview of Tilt Sensor Market "
Global Tilt Sensor Market was valued at USD 153.5 million in 2018 and it is expected to reach more than USD 302.3 million by 2025, likely to grow with a CAGR of 7.8% during the forecast period.
Tilt sensors are instruments that help in the detection of axes on a plane, by measuring the position of tilts in reference to the gravity. They are utilized in a majority of applications, as it helps in very easy detection of inclination in their applications. They are low-cost, high performing sensors that can be utilized for a long duration due to their durable nature
The growth of this market is being fuelled by the growing demand for these sensors, especially from the mining and construction, aerospace and defense, and automotive and transportation verticals.
Easy operability, accuracy, and data logging capabilities associated with Tilt sensors are expected to propel the growth of the market
Tilt sensors are used to measure several angles of a reference plane to measure the tilt. This makes orientation or inclination easy to detect. Such instruments have slowly become popular and adapted to a growing number of high-end applications. For example, it provides useful data about the vertical and horizontal incline of an airplane, assisting the pilot in understanding how obstacles during the flight are dealt with. By recognizing the plane's current position and the angle at which the plane tilts to the surface of the earth, stunt pilots, the Red Arrows, can present a spectacular air show. furthermore, the tilt sensors are a vital device for pilot decision-making.
Increasing levels of applications for these sensors from different industries will also drive the market growth
The market has witnessed steady growth over the years owing to rising demand for these devices from smartphones, automobiles, ships, laptops, gaming consoles, and land-based satellite communication device manufacturers. Furthermore, increased demand is expected from construction, agriculture, mining, transportation, and industrial automation sectors. These are a few major reasons expected to boost the growth prospects of the market over the forecast period.
Increasing levels of demand associated with construction equipment due to the increasing urbanization globally fuel the growth of the Tilt Sensor Market
The mining and construction vertical is accounted for the largest demand generating segment for the tilt sensors. These sensors are used in several mining and construction equipment and machines such as drilling machines, mobile, and stationary cranes, and structural monitoring systems. Tilt sensors are applied for providing crucial information about the tilting position of the object with reference to gravity. Moreover, factors such as large-scale investments for infrastructural development, rise in urbanization, and an increase in construction activities in emerging economies has led to the rise in the demand for construction equipment. This rise in demand for construction equipment is further expected to fuel the growth of the tilt sensor market.
The non-metal segment is expected to dominate the Tilt Sensor Market
Based on the housing material type, the non-metal segment accounted for a dominant share of over 65% in 2018 and is likely to retain its dominance over the forecast period. The segment is also likely to emerge as the fastest-growing segment over the forecast period due to the huge demand for tilt sensors that incorporate a high-grade plastic housing material.
Due to the unique properties of tilt sensors housed in high-grade plastic such as compact size and easy installation, they provide a high degree of ingress protection. Tilt sensors made from materials such as aluminum and stainless steel also find use in a variety of applications. However, the demand for these tilt sensors is likely to remain much lower as compared to non-metal tilt sensors over the forecast period
The automotive and transportation industry vertical segment is expected to grow a significant rate in the tilt sensor industry during the forecast period.
The high adoption of tilt sensors in security systems for protecting the theft of wheels and tires is one of the major reasons fueling the growth of the tilt sensor market for automotive and transportation vertical. Moreover, the extensive use of tilt sensors in the railway industry for various applications including measurement of railway track position, alignment, maintenance of railway track, and train control systems is also attributed to the growth of this market.
The Asia Pacific accounted for the largest size of the in 2018 and is expected to witness the highest growth rate during the forecast period.
China, Japan, and India are some of the major countries driving the growth of the Tilt sensor market in the APAC region. APAC is home to a number of prominent mining and construction, aerospace and defense, and automotive and transportation companies. This is one of the major factors attributed to the dominant position of APAC in the overall tilt sensor market. Moreover, a number of key players operating in this market are based in APAC. This factor has a positive impact on the Tilt sensor market in APAC. In addition, the expansion of the semiconductor industry is also fuelling the demand for tilt sensors across the Asia Pacific.
The Middle East and African regional market are also expected to display a considerable amount of growth prospects over the forecast period. This can be attributed to the steady growth opportunities expected in industries and sectors such as agriculture, automotive, construction, mining, and transportation, which is expected to increase the demand for tilt sensors.
However, In terms of revenue, Asia Pacific is leading the global tilt sensor market in 2018. North America and Europe follow the Asia Pacific in terms of revenue share
The market is highly fragmented owing to the presence of several players trying to compete with one another. The major companies operating in the tilt sensors market globally are focusing on strategic partnership agreements with other companies along with new product development with added features and advanced technologies.
The some of key players operating in the Tilt Sensor market include TE Connectivity, Murata Manufacturing Co., Ltd, SICK AG, Pepperl+Fuchs AG, Level Developments Ltd, The Fredericks Company, MEMSIC Inc, ifm electronic gmbh, Balluff GmbH, Jewel Instruments LLC, elobau GmbH & Co. KG, and Gefran.
Tilt Sensor Market Key segments:
Tilt Sensor Market, By Housing Material Type:
Tilt Sensor Market, By Technology:
Solid State (MEMS)
Tilt Sensor Market, By Vertical:
Automotive and Transportation
Mining and Construction
Aerospace and Defense
Tilt Sensor Market, By Region
Middle East and Africa