Tilt Sensor Market Key Findings, Size, and Share by 2031
The tilt sensors market size is projected to reach US$ 672.1 million by 2031 from US$ 413.7 million in 2023. The market is expected to register a CAGR of 6.2% during 2023–2031. The increasing demand in the automotive and transportation industry is likely to remain a key trend in the market.
Tilt Sensors Market Analysis
The functionality of tilt sensors is influenced by factors such as vibration, gravity, temperature, zero offset, linearity, cross-axis sensitivity, shock, acceleration/deceleration, clear line of sight between the user and the measured point, and calibration of tilt sensors. The tilt sensor can measure the inclination of the measured plane relative to the horizontal position, the parallelism and the perpendicularity of the two components. It has become an indispensable and important measuring tool for bridge construction, railway construction, oil drilling, civil engineering, aviation and navigation, industrial automation, intelligent platforms, mechanical processing and other fields.
Tilt Sensors Market Overview
Tilt sensors are devices that produce an electrical signal that varies with an angular motion. These sensors are utilized to measure slope and tilt within a limited range of motion. Sometimes, the tilt sensors are referred to as inclinometers because the sensors generate a signal, but inclinometers generate both a readout and a signal. These instruments have become increasingly popular and are being adapted for increasing the number of high-end applications. For example, the sensor provides valuable information about both the vertical and horizontal inclination of an airplane, which helps the pilot understand how to tackle obstacles during the flight.
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Tilt Sensors Market: Strategic Insights
Market Size Value in US$ 268.72 million in 2021 Market Size Value by US$ 402.94 million by 2028 Growth rate CAGR of 6.0% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Tilt Sensors Market: Strategic Insights
Market Size Value in | US$ 268.72 million in 2021 |
Market Size Value by | US$ 402.94 million by 2028 |
Growth rate | CAGR of 6.0% from 2021 to 2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Speak to AnalystTilt Sensors Market Drivers and Opportunities
Surge in Demand for Automotive and Transporation Industries to Favor Market
Factors such as rising income levels, urbanization, and a burgeoning middle class with increasing purchasing power fuel the automotive industry. For example, in the US total 2023 full-year sales of 15,608,386 units were up 12.3% from 2022 year-end totals. Truck and SUV full-year sales were up 13.4% to 12,380,961 units, while passenger car sales were up 8.1% to 3,227,425 units for 2023. In the automotive industry, ensuring vehicle stability is paramount. Tilt sensors are used in advanced driver assistance systems (ADAS) to detect the inclination of a vehicle and trigger corrective actions in real time. Tilt sensors are crucial in off-road vehicles and autonomous cars. They help these vehicles adjust their suspension systems, adapt to varying terrains, and maintain proper balance while traversing uneven surfaces or navigating tight corners. This helps prevent rollovers, improve traction control, and enhance overall safety. Tilt sensors equipped with accelerometers and gyroscopes have become indispensable tools in both automotive and industrial applications.
Increasing Adoption of Tilt Sensors in Industrial Application
Tilt sensors are used in industrial applications such as Construction and Mining Equipment, Aircraft & Aerospace, Manufacturing, and Robotics. Tilt sensors are used in heavy machinery and equipment, such as cranes, bulldozers, and excavators, to prevent accidents due to instability or excessive tilting. By providing real-time feedback on the equipment’s orientation, these sensors enhance safety and improve operational efficiency. In the aerospace industry, tilt sensors are essential for maintaining aircraft stability and ensuring accurate positioning of satellites and space probes. They play a crucial role in autopilot systems, navigation, and flight control. Tilt sensors are employed in manufacturing and robotics to ensure precision and accuracy in the positioning of machinery and robotic arms. This leads to higher product quality and operational efficiency.
Tilt Sensors Market Report Segmentation Analysis
Key segments that contributed to the derivation of the tilt sensors market analysis are material, technology, application and sector.
- Based on the material, the tilt sensors market is segmented as metal and non-metal.
- Based on the technology, the tilt sensors market is segmented into force balance, MEMS, and fluid filled.
- In terms of industry, the market is segmented into mining & construction, consumer electronics, industrial, automotive, aerospace, and others.
Tilt Sensors Market Share Analysis by Geography
The geographic scope of the tilt sensors market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. The adoption of tilt sensors is growing in the Asia Pacific due to the growing industries such as automotive, machinery, robotics, heavy machinery and others. China is the prominent manufacturer of tilt sensors, followed by countries such as Japan, South Korea, and others.
Tilt Sensors Market Report Scope
Tilt Sensors Market News and Recent Developments
The tilt sensors market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the tilt sensors market are listed below:
- Optex Co., Ltd. has launched the OFM-111S, a 3-axis tilt sensor with built-in communication capabilities. It detects tilting and vibrations in facilities and sends you notifications, helping you improve operational efficiency through remote monitoring and respond faster to abnormal conditions.
(Source: Optex Co., Ltd., April 2022)
- ACEINNA Inc. announced the INS401 INS and GNSS/RTK solution for autonomous vehicle precise positioning. The INS401 is part of ACEINNA’s new product portfolio that provides high accuracy and high integrity localization for developers and manufacturers of ADAS and Autonomy solutions for autonomous vehicles of all types.
(Source: ACEINNA Inc., January 2022)
Tilt Sensors Market Report Coverage and Deliverables
The “Tilt Sensors Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Tilt sensors market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Tilt sensors market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Tilt sensors market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the tilt sensors market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, Technology, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia Pacific dominated the tilt sensors market in 2023.
The surge in demand for automotive and transporation industries is the major factors that propel the global tilt sensors market.
Increasing demand in the automotive and transportation industry to play a significant role in the global tilt sensors market in the coming years.
The leading players operating in the global tilt sensors market are Automation Sensorik Messtechnik GmbH, elobau GmbH & Co. KG., MEMSIC Semiconductor (Tianjin) Co., Ltd., Positek, Welan Technologies Pvt Ltd., Sensata Technologies, Inc., Geosense, Parker Hannifin Corporation, Shanghai Zhichuan Electronic Tech CO., and TE Connectivity Corporation.
The global tilt sensors market is expected to reach US$ 672.1 million by 2031.
The market is expected to register a CAGR of 6.2% during 2023–2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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