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Tilt Sensor Market by Housing Material Type, Technology, Vertical, and Geography - Global Forecast to 2023

Tilt Sensor Market: Global Forecast until 2023

  • June 2017
  • 123 pages
  • ID: 4950105
In this report:
The tilt sensor market, in terms of volume, registered a shipment of ##.## thousand units in 2016 and is expected to grow at an estimated CAGR of ##.##% between 2017 and 2023, to reach ##,##.## thousand units by 2023.
APAC accounted for a share of ~##.##% of the overall tilt sensor market in 2016, and the market in APAC is expected to grow at a CAGR of ##.##% during the forecast period.

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"Increasing demand for construction equipment is fueling the rise of the tilt sensor market"

The tilt sensor market is anticipated to grow at a compound annual growth rate (CAGR) of ~8.2 percent between 2017 and 2023 to attain $260.30M by 2023, from $150.80M in 2016. The Elements such as large-scale investments for infrastructural development, increase in urbanization, and rise in construction activities in emerging economies has led to the growth in the industry demand for construction equipment. The construction equipment sector is a main adopter of tilt sensors. This factor is driving the rise of the said market. The tilt sensor established on force balance technology has a high accuracy level; nevertheless, these sensors are expensive than the other technologies including MEMS and fluid filled. This is one of the main factors limiting the rise of the tilt sensor market.

"The increase of tilt sensor market is anticipated to be driven by MEMS technology during the outlook period"

Tilt sensors established on MEMS technology are forecasted to witness a significant rise in this sector during the estimate period. The increase of the MEMS technology can be credited to its wide adoption in different verticals due to its small size and low cost.

"Asia-Pac and North America (NA) are the main sectors for tilt sensors"

Asia Pacific (APAC) is forecasted to hold the biggest size of the tilt sensor market during the outlook period, succeeded by North America continent. A significant number of mining and construction equipment, automotive, and aerospace manufacturers are located in North America and Asia-Pacific. These verticals are the main adopters of these sensors, thereby leading to the rise of the tilt sensor market in North America (NA) and Asia-Pac. As well, the governments in both these regions, especially in APAC, are making significant investments for the infrastructural development, which is further accelerating the increase of the tilt sensor market in Asia-Pacific.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main officials in the tilt sensor market. Following is the breakup of the primary participants for the market research:

• By Company category: Tier 1 - 35 %, Tier 2 - 45.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite executives - 35.0 percent, Directors - 25.0 percent, and Others - 40.0 percent

• By Area: North America continent - 45.0 percent, Europe (EU) - 20.0 percent, Asia-Pac - 30.0 percent, and rest of the world - 5.0 percent

Also, the report profiles the top actors in the tilt sensor market and analyzes their market ranking. The main players decribed in this industry report are TE Connectivity Ltd., SICK AG, Murata Manufacturing Co., Limited, Pepperl+Fuchs Vertrieb GmbH & Co. KG, Level Developments Ltd., ifm electronic gmbh, Balluff GmbH, Jewell Instruments LLC, DIS Sensors bv and The Fredericks Company.

Segment Research

This market research classifies the tilt sensor market based on housing material type, technology, vertical, and area. Furthermore, the industry report offers a description of the main drivers, industry restraints, opportunities, and possibilities pertaining to this market, as well as the value chain study and industry ranking analysis.

Reasons to Buy the Report

The study would benefit the leaders/new sector entrants in the tilt sensor market in these ways:

1. The document breaks down the tilt sensor market comprehensively and offers the closest industry size estimation for all sub-segments across different areas.

2. The analysis benefits partners distinguish the pulse of the sector and offers them with the info on key market drivers, market restraints, opportunities, and alternatives in the tilt sensor market.

3. The market research would benefit partners comprehend their players better and acquire business insights to enhance their rank in the tilt sensor market. The competitive outlook section depicts the competitor ecosystem.

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