Semiconductors and Electronics

Global Tilt Sensor Market is Booming Market to Grow at Healthy CAGR forecast by 2026

This Global Tilt Sensor Market report has been prepared with the thorough market analysis carried out by a team of industry experts, dynamic analysts, skilful forecasters and well-informed researchers. This market research report is very crucial in several ways for business growth and to thrive in the market. Competitive analysis is the major feature of any market research report, and hence Global Tilt Sensor Market report covers many points including strategic profiling of key players in the market, analyse core competencies of key players, and draw a competitive landscape for the Semiconductors and Electronics industry. This market report gives an edge to compete and to outdo the competition.

Global tilt sensor market is expected to rise to an estimated value of USD 322.92 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026.

 

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Market Definition: Global Tilt Sensor Market

Tilt sensors are instruments that help in the detection of axes on a plane, by measuring the position of tilts in reference to the gravity. They are utilized in a majority of applications, as it helps in very easy detection of inclination in their applications. They are low-cost, high performing sensors that can be utilized for a long duration due to their durable nature.

Market Drivers:

  • Rapid rise in demands for tilt sensors manufactured on the basis of MEMS technology; this factor is expected to boost the growth of the market
  • Increasing levels of demand associated with construction equipment due to the increasing urbanization globally fuels the growth of the market
  • Easy operability, accuracy and data logging capabilities associated with these sensors is expected to propel the growth of the market
  • Increasing levels of applications for these sensor from different industries will also drive the market growth

Market Restraints:

  • Concerns regarding inaccurate signal recording due to the movement of components in the sensors; this factor is expected to hinder the growth of the market
  • High financial costs associated with force-balance tilt sensors acts as a restricting factor for the growth of this market
  • Complications in the technological usage due to the lack of skilled individuals; this factor is expected to hinder the market growth

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Segmentation: Global Tilt Sensor Market

By Type

  • Switch Based
  • Proportional
  • Optical

By Material Type

  • Metal
  • Non-Metal

By Technology

  • Force Balance
  • Microelectromechanical Systems (MEMS)
  • Fluid Filled
    • Electrolytic Tilt Sensor
    • Capacitive Tilt Sensor

By Application

  • Digital & Video Cameras
  • Aircraft Flight Controls
  • Construction Equipment
  • Robotic Technology
  • Automobile Air Bags
  • Videos Game Controllers
  • Thermostats
  • Automobile Security Systems

By Vertical

  • Mining & Construction
  • Automotive & Transportation
  • Telecommunications
  • Aerospace & Defense
  • Gaming

Key Developments in the Market:

  • In May 2019, Variohm EuroSensor announced that they had acquired Positek Limited this acquisition will immediately expand the portfolio of various sensor types and also enhance the production capabilities of Variohm Group, holding company of Variohm EuroSensor. This acquisition will also enhance the potential for growth as the combined technology capabilities will be helpful in enhancing the presence in the market
  • In January 2019, Curtiss-Wright announced the launch of new tilt sensors, “VTS2021” offering correct combination of cost-effectiveness, performance and safety for a wide range of applications. This product utilizes the modernized IMU technology integrated with rapid software algorithms reducing the disturbance of any vehicle movements

Competitive Analysis

Global tilt sensor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tilt sensor market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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