TILT SENSOR MARKET ANALYSIS

Tilt Sensor MarketSize and Trends

The global tilt sensor market size was valued at US$ 201.4 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 8.31% from 2023 to 2030.  The primary drivers of this market include the demand from end use industries such as automotive, transportation, mining and construction, aerospace and defense, industrial automation, and telecommunication. Moreover, the rising adoption of Micro ElectroMechanical Systems (MEMS) technology in various verticals is expected to boost this market.

Global Tilt Sensor Market Segmentation:

The global tilt sensor market report is segmented into Housing Material Type, Technology, and End User Vertical

Based on Housing Material Type, the market is segmented into Metal, Non-Metal. Out of which, Metal is expected to dominate the global market over the forecast period and this is attributed to the rise in demand due to various benefits. Tilt sensors that are enclosed in high-grade metal offer a high level of ingress protection, owing to their unique qualities such as ease of installation and size.

Non-Metal segment is also expected to witness significant growth in the near future and this is owing to the high demand in the industry, owing to their various attractive qualities such as exact measurements, superior quality, and cheap maintenance. These non-metal plastic housing for sensors are created with cutting-edge technology and are available in different sizes and specifications. The growing demand for these sensors is likely to support growth of the market.  

Based on Technology, the market is segmented into Force Balance, MEMS, and Fluid Filled. Out of which, Force Balance is expected to dominate the global market over the forecast period and this is attributed to the rise in adoption of force balance sensors. These sensors are gravity-referenced sensors used for quantifying DC acceleration in things such as planes, cars, earthquakes, and ships. The use of these sensors is growing rapidly, which is expected to fuel growth of this segment.

MEMS segment is also expected to witness significant growth in the near future and this is owing to the increasing demand for miniaturization. MEMS sensors are miniature sensors made from movable proof mass plates that are suspended mechanically from a reference frame. These sensors are used in various applications including industrial, medical, consumer, aerospace, and automotive. The rise in demand for these sensors is expected to augment growth of the segment.

Based on End User Vertical, the market is segmented into Mining and Construction, Aerospace and Defense, Automotive and Transportation, Telecommunication, Other End User Verticals. Out of which, Mining and Construction is expected to dominate the global market over the forecast period and this is attributed to the rise in investment in mining and construction exploration activities in emerging countries.

Aerospace and Defense segment is also expected to witness significant growth in the near future and this is owing to the huge investments by governments and technology providers from various countries, in launchers, drones, aircraft, weapons platforms, and armored vehicles. Due to rapid growth of these industries, the demand for tilt sensors is likely to grow in the near future.

Global Tilt Sensor Market Trends:

Growing demand for miniaturization is a major trend

With the progression towards a more connected world, the demand for miniaturization is growing significantly all over the world. As a result, sensors are being used in various applications in different industries. Several such applications require multiple sensors in small space, and low consumption of power, without losing the performance. This in turn is creating demand for MEMS tilt sensors. Thus, the growing trend of miniaturization is likely to continue in the global tilt sensor market over the forecast period.

Digitization among industries is a growing trend in the market

With multiple uses in IoT area, intelligent sensors that can record sensing data and analyze it for different applications are required to turn digital. Thus, sensor fusion is a growing trend in the global tilt sensor market. Multi-sensor integration, similar to the trend of digitization is closely linked to expansion of IoT and the expectation of connectivity in everything. Thus, this trend is anticipated to grow in market over the forecast period, which is likely to drive growth of the market.