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Key players in the tilt sensor market include Aceinna Inc., IFM Electronic GmbH, Inertial Labs, Sensata Technologies, Sick AG, TE Connectivity, Pupperl+Fuchs Vertrieb GbH & Co.Kg, Balluf GmbH, Level Developments Ltd. , Gefran Group, and others.
NEW YORK, February 29, 2024 (GLOBE NEWSWIRE) — The global tilt sensor market size is projected to grow at a CAGR of over 9% from 2024 to 2036. The market growth is due to the numerous applications of intelligent sensors that record sensing data and the requirements of their applications in the Internet of Things (IoT). Integration of sensors into devices is rapidly increasing across the world due to its advantages and is estimated to increase the market size. As of 2023, over 48 billion connected sensors have been deployed worldwide, corresponding to 15 billion IoT devices.
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Additionally, the increasing utilization of tilt sensors, which provide data regarding the tilt of objects, is expected to accelerate the market growth. The association of 3D technology in printing robots and industrial robots is increasing the quality of the final product, more accurate and impressive results are driving the market size. As of 2024 data, there were approximately 3.5 million industrial robots worldwide.
tilt sensor Market: Key points
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The Asia-Pacific market will drive the highest growth.
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Automotive and transport sector will experience the highest growth
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Markets in North America will experience the highest growth
Increase in construction machinery equipped with advanced technology accelerates the growth of construction machinery tilt sensor industry
The market growth in the coming years can be attributed to the increasing demand for advanced equipment in the construction sector. Tilt sensors promote safety measures and sustainability in the construction industry by analyzing the tilt angle of machines used in construction. Additionally, tilt sensors are also being incorporated into the mining industry, which is a rapidly growing market. It is estimated that by 2023 more than 80% of architects will increase the sustainability of their projects through the use of advanced equipment in the construction field.
tilt sensor Industry: Regional Overview
global Tilt sensor market is divided into five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa regions.
Rapid increase in mining and steel demand accelerates market growth in Asia Pacific
The Asia-Pacific tilt sensor market is estimated to gain a strong foothold by capturing a market share of 30% during the forecast period as a result of strong demand for steel. China’s steel demand is expected to increase by 2% to 940 million tons in 2023. The presence of numerous mining and metals sectors operated by private and government entities is estimated to boost the market size. Additionally, the population growth rate will increase the use of private vehicles and the use of metals, which may impact the positive growth of the market.
Market expansion in North America accelerates due to surge in healthcare costs and construction sector
The market in North America region is outlined to secure a market share of 28% by the end of 2036 due to rising prices in the construction sector. According to the report, approximately 920,000 construction structures were built in the United States from January to June in 2023. The use of tilt sensors in end-user areas such as health monitoring, oil drilling, and equipment leveling is driving the market demand.
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Tilt sensor market Segmentation by end user
The automotive and transportation segment of the market is projected to capture a significant market share of 35% due to the increasing use of tilt sensors in the automotive industry. The size of the market segment is expected to increase due to the increasing usage of automobiles and the increasing number of automobile manufacturers. According to estimates, global car sales in 2023 contributed more than 20% of retail sales.
Tilt sensor market Segmentation by technology
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force balance
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MEMS
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The MEMS segment of the market is expected to register the second largest market share of 50% during the forecast period. The easy installation, compact size, and built-in signal conditioning capabilities of MEMS sensors are expected to strengthen the trend in the market segment in the coming years. The increasing use of MEMS sensors in the automotive industry is projected to dominate the growth of the market segment. Today’s cars require advanced features, with over 100 of his MEMS sensors installed as of the 2022 report.
Tilt sensor market Segmentation by housing material type
Some of the prominent market leaders of the global tilt sensor market profiled by Research Nester include Aceinna Inc., IFM Electronic GmbH, Inertial Labs, Sensata Technologies, Sick AG, TE Connectivity, Pupperl+Fuchs Vertrieb GbH & Co. And so on. Kg, Balluf GmbH, Level Developments Ltd., Gefran Group and others.
Recent developments in the market
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Athena Co., Ltd. With the invention of the INS401 INS and GNSS/RTK sensor, we have declared a solution for obtaining precise location in autonomous vehicles. INS401 adds to the company’s new portfolio with high precision and complete localization. The invention assists manufacturers and developers of advanced driver assistance systems (ADAS) and autonomous driving solutions for various vehicle types.
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Inertia Institute, The company, a developer and supplier of inertial navigation, orientation, and optically improved tilt sensor modules, is using MEMSENSE to develop new tilt sensors for the navigation, aerospace, industrial machinery, and defense sectors that GOOS rejected. acquired.
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