TILT SENSOR MARKET ANALYSIS

Market Challenges And Opportunities

Global Tilt Sensor Market Drivers:

Rise in demand for MEMS sensors to boost the market growth

Tilt sensors generate an electrical signal, which changes in response to angular movement. These sensors are used for measuring tilt and slopes. MEMS technology-based tilt sensors are increasing in demand, due to their low cost and small size. MEMS sensors are miniature sensors made from a movable proof mass plates that are suspended mechanically from a reference frame. This is a technique to merge electrical and mechanical components on one chip for creating a small system. The term ‘small’ indicates measurements that are smaller compared to the thickness of human hair. MEMS sensors thus, offer several benefits, due to which their demand is growing. This in turn is expected to augment growth of the global tilt sensor market over the forecast period.

Growing need for construction machinery to propel growth of the market

Tilt sensors are also used in industrial machineries such as mining, building, and other such sectors for increased safety. For example, preventing large machinery from veering off course and tipping over. While operating these devices, accidents can happened at any time, and due to this, tilt sensors are important to prevent such incidences. These sensors are also used for keeping track of chassis tilt angle. When the chassis angle is highly dangerous, the tilt sensors alarm the machine as they limit specific actions the operator can take such as increasing platform height or preventing boom movement. Thus, growing demand for construction machinery is likely to drive demand for tilt sensors, this in turn is expected to boost the market growth in the near future.

Global Tilt Sensor Market Opportunities:

Growing industrial automation is likely to create growth opportunities in the global tilt sensor market over the forecast period. With increased reduction in cost of production and efficiency compared to traditional manufacturing processes, the industrial automation is growing all over the world. Unexpected slowdowns of facility have become a major management issue at manufacturing sites and these slowdowns are directly associated with lost opportunities of production. This is why, manufacturers are finding ways to use smart devices as well as IoT-based tilt sensors for maintaining and improving facility operation rates without depending on human skills or experience. Thus, this in turn is likely to benefit the market in the coming future.

Furthermore, rise in need for digital transformation is also expected to provide the global tilt sensor market with several growth opportunities in the near future. Due to rise in need for digital transformation, the Industrial 4.0 has increased, which is further driving the use of tilt sensors in inspection and industrial automation in different end user industries. Along with this, rise in investments in vehicle automation is also expected to drive the demand for tilt sensors. Thus, aforementioned factors are expected to create several growth opportunities in the market.

Global Tilt Sensor Market Restraints:

High cost of force balance technology-based sensors is likely to limit growth of the market

Forced balancing sensors provide a wide range of measurement and high dynamic response, with inclinometers that measure up to 90 degrees and accelerometers that measure up to 20 grams. These sensors could be utilized in different situations, owing to their high temperatures, tough casings, and vibration resistance. These sensors offer various advantages, however, due to their high cost, the adoption of these tilt sensors is impacted adversely. This factor in turn is likely to restrain growth of the global tilt sensor market during the forecast period.

Lack of awareness and complexity of using novel technology to hinder the market pace

The awareness among people regarding use of tilt sensors in fields such as gaming, agriculture and others is less. This in turn affects the adoption of these sensors. Along with this, the use of novel technology such as MEMS is complicated and requires skilled professionals or appropriate knowledge to operate. This in turn causes hesitation among people to use tilt sensors. Thus, these factors are expected to hamper growth of the global tilt sensor market during the forecast period. However, growing initiatives to promote use of tilt sensors in novel technologies by manufacturers is likely to support growth of the market.