According to a new market report by Lucintel, the future of the global tilt sensor market looks promising with opportunities in the mining & construction, automotive, telecommunication, and aerospace & defense industries. The global tilt sensor market is expected to grow with a CAGR of 8% from 2020 to 2025. The major growth drivers for this market are increasing demand for MEMS technology and rising demand for construction equipment.
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In this market, switch based, proportional, optical are the product types.
Within the tilt sensor market, mining & construction will remain the largest end use industry, and it is expected to witness the highest growth over the forecast period due to the use of a wide range of applications in mining and construction machines and equipment. Measuring the angle of drilling is another major driving factor for tilt sensors in the construction industry.
Asia Pacific is expected to witness the highest growth over the forecast period due to growth of the mining and construction, aerospace and defense, and automotive end use industries.
Sick AG, TE Connectivity, IFM Electronic GmbH, Murata Manufacturing, Pepperl+Fuchs Vertrieb GmbH, Jewell Instruments, Balluff, DIS Sensors, and The Fredericks Company are among the major manufacturers of the tilt sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global tilt sensor market by product type, material type, technology, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Tilt Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global tilt sensor market by product type, material type, technology, end use industry, and region as follows:
By Product Type [$M shipment analysis for 2014 – 2025]:
Switch Based
Proportional
Optical
By Material Type [$M shipment analysis for 2014 – 2025]:
By Technology [$M shipment analysis for 2014 – 2025]:
Force Balance
MEMS
Fluid Filled
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Mining & Construction
Automotive
Telecommunications
Aerospace & Defense
Others
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.