Tilt Sensor Market size is expected to cross USD 797 Million by the end of 2036, growing at a CAGR of 9% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of tilt sensor was over USD 260 Million. Intelligent sensor that can record sensing data and evaluate it for many applications are necessary for the Internet of Things because of its many applications. Thus, in the worldwide market, sensor fusion is becoming more and more popular. The proliferation of IoT and the expectation of connectivity in everything are intimately related to multi-sensor integration, much like the digitalization trend. Therefore, it is expected that this tendency will continue during the projection period, which would probably fuel market expansion. Globally, there will be more than 29 billion Internet of Things (IoT) devices by 2030, nearly doubling from 15.1 billion in 2020.
In addition to these, the tilt sensor market is expected to see growth due to the increasing use of tilt sensor, which provide information on an object's tilting posture. Furthermore, when combined with other technologies like 3D printing robots or the industrial Internet of Things (IIoT), industrial robots can provide improved product quality as well as more accurate and dependable procedures.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
9% |
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Base Year Market Size (2023) |
USD 260 Million |
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Forecast Year Market Size (2036) |
USD 797 Million |
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Regional Scope |
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End User (Mining & Construction, Aerospace & Defense, Automotive & Transportation, Telecommunication)
Based on end user, the automotive & transportation sector is attributed to hold 35% share of the global tilt sensor market during the forecast period. In the automobile industry, the use of tilt or inclination sensor is growing. These are mostly utilized in conjunction with gyroscopes to increase passenger safety and vehicle efficiency. Tilt sensor are used in automobiles for a variety of functions, such as idle stop-start, electronic stability control, roll over detection, and electronic parking brakes. In addition, the automotive sector is making progress in the direction of developing driverless cars. Both the production and acceptance rates of these cars have increased dramatically in recent years. For instance, BMW opened a new plant in March 2019 to begin producing electric vehicles with autonomous capabilities. According to UBS, by 2030, sales and manufacturing of AV are anticipated to reach USD 243 billion. In addition, the application for dynamic headlight levelling, hill-start assistance, and ADAS and inertial navigation has expanded due to the growing investments made by automakers in vehicle automation. Mercedes, for example, has created headlights that adjust to the inclination of curves on the road. The business has tilt sensor in place for this automation.
Technology (Force Balance, MEMS, Fluid Filled)
Based on technology, the MEMS segment in the tilt sensor market is expected to hold the largest share of about 50% during the forecast period. Solid-state electromechanical MEMS sensor have inbuilt signal conditioning and are easy to install, but most applications struggle to attain precision due to the extremely high thermal coefficients of these sensor. Because of their compact size, they easily fit into the device or part required to measure tilt angles. Solid-state tilt sensor are therefore in great demand, and the market is expected to dominate for the estimated duration.
Our in-depth analysis of the global tilt sensor market includes the following segments:
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Housing Material Type |
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Technology |
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End User |
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APAC Market Forecast
Tilt sensor market in the Asia Pacific region is expected to hold the largest market share of about 30% during the forecast period. The growth of the market is due to economies in the area fuelling demand in India. The country's need for iron and steel is growing, and the metals and mining industry is expected to be supported by the country's cement and power industries. The market for mining and construction equipment is anticipated to be driven by demand, which would increase the need for precision sensor like tilt sensor. 95 minerals are produced in India, including four connected to fuel, 10 metallic, 23 non-metallic, three atomic, and 55 minor minerals, according to IBEF. The nation ranks fourth in the world for iron ore production and third for coal production. These reasons make the nation one of the biggest markets for mining equipment.
North American Market Statistics
Tilt sensor market in the North America region is projected to hold second largest market share of about 28% during the projected period. The growth of the market in the region is owing to the various end-user sectors for which tilt sensor are used, as well as the increase in manufacturers' investments in R&D to enhance tilt sensor accuracy and dependability. Moreover, the expanding Canadian construction sector is anticipated to bolster the expansion of the worldwide tilt sensor business throughout the North American continent in the coming years.
Author Credits: Abhishek Verma, Hetal Singh
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