The global tilt sensors market is garnering significant traction. Tilt sensors, with their capabilities allowing sensor fusion, custom filtering & signal processing, high accuracy, and easy installation, have garnered massive popularity over the past couple of years. Besides, increasing applications of these sensors in burgeoning automotive, defense, and healthcare industries drive the growth of the market.
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With the increasing adoption of tilt sensors in the gaming and robotics sectors, the market is projected to perceive vast gains. In this regard, Market Research Future (MRFR) asserts that the global tilt sensors market would reach exponential valuation by 2027, growing at a phenomenal CAGR during the review period (2020-2027). . Given the growth in IoT-based solutions, the demand for tilt sensors is expected to surge in the recent future.
In the future, tilt sensors are estimated to have tremendous opportunities in digital signal processing, including factory and temperature calibration of the accelerometer and gyroscope. Additionally, the increasing integration of these sensors in vehicles defines the market landscape. High reliability & performance, compact size, and low power consumption & requirement of interconnecting cables are additional advantages of tilt sensors.
With its low distortion, custom filter levels, and options to customize noise outputs, tilt sensors would be used in multiple noisy environments in the years to come. As a result, the market is forecasted to garner huge gains during the anticipated period.
On the flip side, complex design structure and lack of customization are some of the key factors affecting the growth of the tilt sensor market. Nevertheless, substantial R&D investments and government initiatives to develop tilt sensors, increase product development, and launch would support the market growth throughout the assessment period.
Global Tilt Sensor Market - Segmentation
The Tilt Sensor Market Growth forecast is segmented into technology/type, application/end-users, and region. The technology segment is sub-segmented into switch-based tilt sensors, proportional tilt sensors, optical-based tilt sensors, and others. Among these, the switch-based tilt sensor segment accounts for the largest market share.
The application segment is bifurcated into mining, construction, automobile, transport, robotics, gaming, aviation, and others. Among these, the aviation segment accounts for the largest market share. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.
Tilt Sensor Market - Geographical Analysis
North America accounts for the largest market for tilt sensors, heading with the rising demand from robotics, gaming, and aviation industries. Besides, stringent government regulations towards vehicle safety, a steady rise in vehicle production & sales, and the augmenting demand for safety & comfort features in automobiles impact the region’s tilt sensor market share.
The Asia Pacific tilt sensor market stands second in terms of revenues. The region houses several major mining & construction, aerospace & defense, and automotive & transportation companies, which act as a major tailwind for the tilt sensor market industry in the region. Also, with advantages, such as the ample availability of raw materials and cost-competitive workforces, the region has the vast presence of key players, which substantiates the tilt sensor market size.
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Tilt Sensor Market - Competitive Landscape
Highly competitive, the tilt sensor market appears to be fragmented due to the presence of several well-established players. These players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and product/ technology launch to maintain their positions and gain a competitive advantage in this market.
Key players leading the global tilt sensor market include TE Connectivity Ltd. (Switzerland), Pepperl+Fuchs Vertrieb GmbH & Co. KG (Germany), MEMSIC, Inc (US), Murata Manufacturing Co. Ltd. (Japan), SICK AG (Germany), Level Developments Ltd. (UK), Tamagawa Seiki Co. Ltd (Japan), Spectron Sensors (US), and The Fredericks Company (US), among others.
Industry/ Innovation/ Related News
August 11, 2020 ---- TE Connectivity (TE), a leading global player in connectivity and sensors, launched its next-gen gyro-stabilized tilt sensor, offering stable and highly accurate outputs. TE has designed the Axiesense-G dynamic tilt sensor using gyroscope compensation.
This next-generation tilt sensor combines powerful MEMS sensing elements with advanced filtering. These new tilt sensors meet the safety and uptime demands in an excavator digging trenches to a boom lift or installing overland lines, even in dynamic and harsh environments.
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