According to the new market research report "Tilt Sensor Market
by Housing Material Type (Metal, and Nonmetal), Technology (Force
Balance, MEMS, and Fluid Filled), Vertical (Mining & Construction,
Automotive & Transportation, Telecommunications), and Geography -
Global Forecast to 2023", is expected to grow from USD 150.8
Million in 2016 to reach USD 260.3 Million by 2023, at a CAGR of 8.17%
between 2017 and 2023. The growth of this market can be attributed to
the ability of these sensors to provide information on the tilting
position of objects, which is crucial in various applications for
making decisions related to operations as well as for ensuring safety.
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The objectives of the study are as follows:
- To define, describe, and forecast the tilt sensor market, segmented on the basis of technology, housing material type, vertical, and geography
- To define, describe, and forecast the overall market, in terms of volume
- To forecast the size of the market, in terms of value, for various segments with respect to four main regions North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To identify the major market trends and factors (drivers, restraints, opportunities, and challenges) that have an impact on the growth of the market and its submarkets
- To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and contribution to the overall market
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
- To strategically profile the key players operating in the tilt sensor market and comprehensively analyze their market ranking and core competencies
- To analyze the strategic developments such as product launches, partnerships, joint ventures, expansions, and contracts in the tilt sensor market
Tilt sensor market for automotive and transportation vertical likely to grow at the highest rate during the forecast period
On the basis of vertical, the tilt sensor market for
automotive and transportation vertical is expected to witness the
highest growth rate during the forecast period. Wheel alignment systems
and automobile security systems are two of the major application areas
of tilt sensors in the automotive vertical.
Asia Pacific held the largest size of the tilt sensor market in 2016
Asia Pacific (APAC) held the largest size of the tilt
sensor market in 2016, followed by North America and Europe. Japan
accounted for the largest share of the tilt sensor market in APAC,
followed by China. The leading position of the market in this region can
be attributed to the high demand for these sensors due to the presence
of a large number of end users such as mining and construction,
aerospace and defense, and automotive and transportation companies.
The major players operating in this market include TE
Connectivity Ltd. (Switzerland), SICK AG (Germany), Murata
Manufacturing Co., Ltd. (Japan), Pepperl+Fuchs Vertrieb GmbH & Co.
KG (Germany), Level Developments Ltd. (UK), ifm electronic gmbh
(Germany), Balluff GmbH (Germany), Jewell Instruments LLC (US), DIS
Sensors bv (Netherlands) and The Fredericks Company (US).
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