The tilt sensor market was valued at USD 150.8 Million in 2016 and is expected to reach USD 260.3 Million by 2023, at a CAGR of 8.17% during the forecast period. The growth of this market is being propelled by the growing demand for these sensors, especially from the mining and construction, aerospace and defense, and automotive and transportation verticals.

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The report covers the tilt sensor market on the basis of housing material type, technology, vertical, and geography. The said market is expected to be led by tilt sensors with nonmetal housing material during the forecast period. The growth of this market is being propelled by the high demand for tilt sensors with plastic housing material.

Tilt sensor market for automotive and transportation vertical likely to grow at the highest rate during the forecast period

On the basis of vertical, the tilt sensor market for automotive and transportation vertical is expected to witness the highest growth rate during the forecast period. Wheel alignment systems and automobile security systems are two of the major application areas of tilt sensors in the automotive vertical.

The tilt sensor based on MEMS technology is expected to witness a significant growth in this market during the forecast period. The small size and low cost of this sensor is the major factor leading to its high growth rate in the said market.

Asia Pacific (APAC) held the largest size of the market in 2016 and is expected to witness the highest growth rate during the forecast period. China, Japan, and India are some of the major countries driving the growth of the said market in APAC. APAC is home to a number of prominent mining and construction, aerospace and defense, and automotive and transportation companies. This is one of the major factors that has led to the dominant position of APAC in the overall market. Moreover, a number of key players operating in the tilt sensor market are based in APAC. This factor has a positive impact on the said market in APAC.

The tilt sensors based on force balance technology have a high accuracy level; however, these sensors are expensive than the tilt sensors based on other technologies such as MEMS and fluid filled. This is one of the major factors limiting the growth of the said market.

Some of the major companies operating in the tilt sensor market are TE Connectivity Ltd. (Switzerland), SICK AG (Germany), Murata Manufacturing Co., Ltd. (Japan), Pepperl+Fuchs Vertrieb GmbH & Co. KG (Germany), and Balluff GmbH (Germany).

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