Tilt sensor market [121 Pages
Report] is expected to grow from USD 162.5 million in 2017 to USD 260.3
million by 2023, at a CAGR of 8.17% from 2017 to 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. These sensors are being used in many verticals
such as mining, construction, aerospace, defense, automotive,
transportation, and telecommunication. The base year used for this study
is 2016, and the forecast period considered is between 2017 and 2023.
Tilt sensors with nonmetal housing material type held the largest share of the market in 2016
The tilt sensor market, based on housing material
type, is led by the nonmetal housing material type. The high demand for
tilt sensors with plastic housing material is one of the major factors
that has led to its dominant position in the said market. Apart from
plastic, ceramic and nylon are some of the other common nonmetallic
materials used by the companies for housing tilt sensors.
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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