Press release
Tilt Sensor Market 2018 Global Leaders: Spectron Sensors, The Fredericks Company, TE Connectivity, MEMSIC, SICK AG, Murata Manufacturing, Level Developments
Market Highlights:
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.
The global Tilt Sensor Market has been witnessing a steady growth over the last few years on account of rapid growth of automobile and transportation market, high implementation of sensors in the constructions machines and rising demand for tilt sensors based MEMS technology. The market has been divided into following application such as mining, transport, automobile and many more.
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The factors contributing to the growth of the automobile sector are global harmonization and economies of scale. Also, increasing safety awareness and personal protection is demanding for better standards in protecting both persons and property and in return it is increasing the proportion of vehicle value. In 2018, the automobile sector contributed 12.57% to the overall growth of the tilt sensor market. Tilt sensors are majorly used to understand the inclination of the steering.
Tilt sensors are used in robots since balance is one of the most important criteria. For instance, whenever a robot inclines to any direction tilt sensor helps to incline in form of electrical signals. Therefore, it makes the robot judge on its own and helps to get aligned on its own.
The global tilt sensor market is growing rapidly over ~7.42% of CAGR and is expected to reach at USD ~ 257.64 million by the end of forecast period
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Tilt Sensor Market Research Report -Forecast to 2023”.
Segmentation:
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.
Regional Analysis:
The regional analysis of tilt sensor market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. By region, North America has dominated the tilt sensor market and has generated USD 7.44 million market value in 2017 and is estimated to reach USD 11.43 million market by 2023 with growing 7.43% CAGR. Asia Pacific 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 that has led to the position of Asia Pacific in the overall market. Moreover, a number of key players operating in the tilt sensor market are based in Asia Pacific. This factor has a positive impact on the said market in Asia pacific.
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.
Key Findings
• By technology, switch based tilt sensors has dominated the tilt sensor market and has generated USD 53.95 million market value in 2017
• By end-users, aviation has dominated the tilt sensor market and has generated USD 29.71 million market value in 2017
• North America has dominated the tilt sensor market and has generated USD 5.79 million market value in 2017 and is estimated to reach USD 8.66 million market by 2023
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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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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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