Tilt Sensor Market 2018 by Global Leaders: TE Connectivity, MEMSIC, SICK AG, Murata Manufacturing, Level Developments, Spectron Sensors, Tamagawa seiki, The Fredericks Company

Market Research Future published a research report on “Global Tilt Sensor Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario:

According to Market Research Future analysis, global tilt sensor market has been valued at USD ~51.22 million by the end of forecast period with ~9.50% of CAGR during forecast period 2017 to 2023

A tilt sensor is an instrument that is used for measuring the tilt in multiple axes of a reference plane. Tilt sensors measure the tilting position with reference to gravity, and are used innumerous applications. They enable the easy detection of orientation or inclination. Similar to mercury switches, they may also be known as tilt switches or rolling ball sensors. These instruments have become more popular over the years, and are being adapted for increasing numbers of high end applications.

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Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:

Tilt sensors are used for non-contact detection of any objects and for observing the level. The sensors are used for detection of non-metallic materials. Tilt sensors are used across various sectors such as construction & mining, gaming, robotics and aviation among others. For instance, in gaming, tilt sensors are used to detect the inclination for which non-metallic materials are used. Non-metallic materials since they are convenient, environment friendly and cost-effective. Non-glass tilt sensors are cost effective as compare with the other conventional sensor techniques and it has a low power of operation.

Mining is one of the major end-users of tilt sensor. The key success for the mining industry is the usage of comprehensive series of sensors. The sensors are used to provide control system for plant wide and failure of personnel equipment’s. The factors contributing to the growth of the increasing exploration around the globe, government initiatives and rising demand for higher energy efficiency are boosting the growth of the mining sector and which in turn is expected to boost the tilt sensor market.

The global tilt sensor market is estimated to grow at a promising rate over the forecast period. North America is the leading region followed by Europe, Asia-Pacific and Rest of the world. Asia-Pacific is the fastest growing region which is estimated to show high growth over the forecast period. Increasing technological advancements and increasing demand for tilt sensors in the construction sectors in this region is expected to drive the growth of tilt sensor market in the region. However, issues related to high initial investments and infrastructure cost is expected to hinder the growth of the market.

Key Players

The key players in the global tilt sensor market include- Pepperl+Fuchs Vertrieb GmbH & Co. KG (Germany), TE Connectivity Ltd. (Switzerland), MEMSIC, Inc (U.S.), SICK AG (Germany), Murata Manufacturing Co., Ltd. (Japan), Level Developments Ltd. (UK), Spectron Sensors (U.S.), Tamagawa seiki Co,.Ltd (Japan), The Fredericks Company (U.S.) among others.

Regional Analysis:

Regionally, North-America accounted for the largest market share from countries such U.S. among others. The reason is attributed to the increasing investments for these technological products, adoption of these sensors by various domains and low operational cost.

However, Asia-Pacific region 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 said market in APAC. APAC is home to a number of prominent mining and construction, aerospace and defense, and automotive and transportation companies.

Segments

The global tilt sensor market is segmented on the basis of type, application and region. On the basis of type the segment is further divided into switch based tilt sensors, proportional tilt sensors, and optical based tilt sensors. On the basis of application the segment is further classified into mining, construction, automobile, transport, robotics, gaming, aviation and many more.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Intended Audience

• Device manufacturers
• Network Operators
• Distributors
• Suppliers
• Research firms
• Software Developers
• Commercial Banks
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors

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This release was published on openPR.