The tilt sensor market is expected to reach US$402.94 million in 2028, from US$268.72 million in 2021; it is estimated at a CAGR of 6.0% from 2021 to 2028. The overall market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and South & Central America.
New York, June 20, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Tilt Sensor Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Material, Technology, and Industry” – https://www.reportlinker.com/p06232614/?utm_source=GNW
The inclination sensor is mainly used for measuring the inclination in multiple axes of the reference plane and has multiple applications. It is used in a variety of industries such as mining, construction, consumer electronics, robotics, automotive, aerospace, aviation, gaming, and renewable energy. The need for many consumer electronics products such as smartphones, notebooks, portable computers, washing machines and smart wearables is increasing significantly worldwide. High demand for consumer electronics products is expected to drive demand for tilt sensors. The automotive industry is one of the key sectors contributing to the growing demand for tilt sensors in various vehicles.
The tilt sensor market is quite mature in developed countries and growing significantly in many developing countries of the world. With a significant increase in urbanization and industrialization and the rapid advancement in internet of things (IoT) technology, the number of robots is set to rise remarkably in the coming years.
The utility of industrial robots is increasing in various domains such as manufacturing, construction, automotive, telecommunications, food and beverage, pharmaceutical and consumer electronics. The increase in robot density in several developed countries is driving the demand for the tilt sensor needed in robots.
To reduce emissions, attention is increasingly focused on clean energy sources. This gives rise to various solar energy projects even in developing countries of the world.
The renewable energy sector is expected to be one of the largest contributors to market growth in the coming years. The growing financial sector, the easy availability of home loans and falling interest rates are boosting the construction industry around the world. For example, the growing real estate sector is accelerating the need for tilt sensors.
The global tilt sensor market is segmented on the basis of material, technology, and industry. On the basis of material, the market is divided into metal and non-metal.
Based on technology, the tilt sensor market is segmented into force balance, MEMS and liquid filled. Based on industry, the market is segmented into mining and construction, consumer electronics, industrial, automotive, aerospace, and others.
North America is the most technically advanced region due to the presence of a well-developed technology ecosystem, the existence of favorable economic policies, high adoption of advanced technologies and high GDP in countries such as the US and Canada. Furthermore, technological advancements have led to highly competitive markets in the region.
With the increasing demand from customers for high-quality products and services, companies are constantly focusing on innovation to serve their customers in the best possible way. North America is known for high-quality manufacturing of industrial and consumer products.
Manufacturers in the region are strongly focused on meeting end-user demands by using advanced technologies, such as automation, to improve production quality and optimize the overall production process. Construction and mining are the largest verticals where tilt sensors are widely used.
Tilt sensors are required in hydraulic levelling, road construction machinery, drilling machines, mining equipment, mobile and stationary cranes, and aerial work platform leveling systems. The Morenci Mine is one of the famous copper mining projects in the United States. This project is operated by Freeport-McMoRan and is expected to be in operation until 2044. In 2020, the Morenci mine produced an estimated 207.937 million tons of run-of-mine (ROM). By 2020, the mine is expected to have produced 445.4 thousand tons of copper. consumer electronics such as smartphones, handheld computers and game consoles use tilt sensors in many ways. For example, in smartphones, a tilt sensor is required to detect the angular position of the phone for the auto-rotate feature to work. Sensata Technologies and TE Connectivity are the top two companies operating in the tilt sensor market in the North American region. Due to significant growth in various domains such as mining and construction, consumer electronics, robotics, aerospace, automotive and power generation, the demand for respective tilt sensors is expected to grow significantly across North America in the coming years.
Automation Sensorik Messtechnik GmbH; elobau GmbH & Co. KG.; MEMSIC Semiconductor (Tianjin) Co., Ltd.; positive; Welan Technologies Pvt Ltd.; Sensata Technologies, Inc.; geosensor; Parker Hannifin Corporation; Shanghai Zhichuan Electronic Tech CO.,Ltd; and TE Connectivity Corporation are among the major players in the global tilt sensor market.
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