According to Market Research Future Analysis, Tilt Sensor has been valued at USD 275 million by 2023 growing with 7% of CAGR during forecast period 2017 to 2023.
Tilt sensor is a type of instrument which is used to measure the tilt in numerous axes of a reference plane. Also, the sensors measures the position with respect to gravity and widely used in multiple applications and can easily detect the inclination.
The design of such sensors helps to reduce power and the growing demand for tilt sensors based on MEMS technologies are expected to boost the tilt sensor market. This sensors are mostly used in applications such as in gaming, portable computers and also in airplanes so that it becomes easy to detect the inclination.
The increasing change in technological products, increasing usage of sensors in electric vehicles and growing demand for sensors in the healthcare sector acts as opportunities for the tilt sensor market. The market is expected to grow over the forecast period, 2017-2023 with a CAGR of 7%.
According to Market Research Future, market has been segmented into type, end-users and region.
On the basis of type, the market has been segmented into switch based, proportional and optical tilt sensor. Out of these, proportional tilt sensor accounted for the largest market share majorly due to MEMS technology. This technology is used to measure the inclination and the inclination can be detected by the movement of the object on the sensor. Also, optical tilt sensor market is expected to grow over the forecast period, 2017-2023 majorly because the sensors detect the intensity of light falling and to understand it gives an electrical signal.
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.
By Region, MRFR analysis shows that, Asia-Pacific region is expected to grow over the forecast period, 2017-2023 majorly due to increasing popularity of video games, increasing digital transmission and the growing adoption of technological solutions by the automobile sector for the electric vehicles. Countries such as China and India contributes largely to the overall market share.
However, North-America accounted for the largest market share. Countries such as U.S contributes largely to the overall growth of the market. The reason of this growth is attributed to increasing demand for sensor based machines in the healthcare sector, increased power efficiency, falling price of the sensors, investment in infrastructure and digital transmission.
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