The tilt sensor market was valued at USD 150.8
Million in 2016 and is expected to reach USD 260.3 Million by 2023, at a
CAGR of 8.17% during the forecast period. The growth of this market is
being propelled by the growing demand for these sensors, especially from
the mining and construction, aerospace and defense, and automotive and
transportation verticals.
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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 report covers the tilt sensor market on the basis
of housing material type, technology, vertical, and geography. The said
market is expected to be led by tilt sensors with nonmetal housing
material during the forecast period. The growth of this market is being
propelled by the high demand for tilt sensors with plastic housing
material.
The mining and construction vertical accounted for
the largest share of the overall tilt sensor market. These sensors are
being used in a number of mining and construction equipment and machines
such as drilling machines, mobile and stationary cranes, and structural
monitoring systems. Hence, the mining and construction vertical has a
dominant position in the market.
The tilt sensor based on MEMS technology is expected
to witness a significant growth in this market during the forecast
period. The small size and low cost of this sensor is the major factor
leading to its high growth rate in the said market.
The tilt sensors based on force balance technology
have a high accuracy level; however, these sensors are expensive than
the tilt sensors based on other technologies such as MEMS and fluid
filled. This is one of the major factors limiting the growth of the said
market.
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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