Press release
Tilt Sensor Market 2018 Global Leaders Overview: Level Developments, Spectron Sensors, TE Connectivity, MEMSIC, SICK AG, Murata Manufacturing, The Fredericks Company
Market Scenario:
Tilt sensors can be explained as a device which helps to produce an electrical signal in an angular manner. The sensors provide information about the vertical as well as horizontal inclination of the device so that it can easily understand how to tackle the obstacles. Tilt sensors plays a vital role in various applications for instance, to understand how to assist the driver while turning the steering of the vehicle.
The factors contributing to the growth of the Tilt Sensor Market are increasing demand for construction equipment’s, increasing usage of sensors in various applications, raising demand for security concerns and increasing demand for sensor in the automobile industry. However, rising cost of materials is hindering the growth of the tilt sensor market.
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In robotics maintaining the balance is the most important feature for instance, when a root inclines towards a particular direction tilt sensor helps in the form of electrical signals so that it becomes easy for the robot to understand. Tilt sensors are also used in portable computers so that the device display can be kept in a proper position. Therefore, tilt sensor plays a vital role in various applications.
Geographically, North-America accounted for the largest market share in the global tilt sensor market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.
The global Tilt Sensor Market is expected to reach approximately USD 275 million by the end of 2023 with 7% CAGR during forecast period 2017-2023.
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.
Segments
For the purpose of this study, Market Research Future has segmented the market of Tilt Sensor into type, end-users and region.
Type-
• Switch Based Tilt Sensors
• Proportional Tilt Sensors
• Optical Tilt Sensor
End-users-
• Mining
• Construction
• Automobile
• Transportation
• Robotics
• Gaming
• Aviation
• Others
Region
• North-America
• Europe
• Asia-Pacific
• RoW
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.
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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
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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