TILT SENSOR MARKET ANALYSIS

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: Regional Insights

North America among other regions is expected to dominate the global tilt sensor market during the forecast period, owing to applications in the different end user industries, and rise in investment by manufacturers in research and development activities for improving the accuracy and reliability of tilt sensors. Furthermore, growing construction industry in Canada is also likely to support growth of the global tilt sensor market across the North America region over the forecast future.

Moreover, Asia Pacific is also anticipated to show substantial growth in the global tilt sensors market during the forecast period. This is owing to fast adoption of technology with rise in high-speed digitalization as well as development of smart cities in countries across the region. The demand for tilt sensors is significantly high in China due to growing industrial production, exports, and import, along with consumption, and capital investment in the construction industry of the country. Moreover, rise in strategic collaborations for increasing the EV production is Japan, is also driving growth of the global tilt sensors market.

Figure 1. Global Tilt Sensor, Revenue Share (%), By Region, 2022

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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 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.

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.

Figure 2. Global Tilt Sensor, Revenue Share (%), By Housing Material Type, 2022

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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: Key Developments

In December 2020, Murata Manufacturing Co. Ltd opened its Minato MIRAI Innovation Center and became the largest R&D hub of Kanto region.  At this innovation center, the company intends to boost its design and planning capacities, along with basic product research for new markets such as IoT, energy, and healthcare.

In November 2021, IFM Electronic GmbH announced to develop novel corporate headquarters in Essen. The move to its new headquarters is scheduled for 2026. To cater the growing demand for space, the company will build modern corporate headquarters in next few years on the 30,000 aqm plot of the former RWE headquarters.

In December 2021, Inertial Labs, announced the acquisition of MEMSENSE. With this acquisition, the company is likely to launch novel tilt sensors for GPS-denied navigation, aerospace & defense, and industrial machines.

Global Tilt Sensor Market: Key Companies Insights

The global tilt sensor market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis.

Some of the key players in the global tilt sensor market are Gefran Group, TE Connectivity, DIS Sensors BV, Sick AG, The Fredericks Company, Murata Manufacturing Co. Ltd., Jewell Instruments LLC, PupperI+Fuchs Vertrieb GmbH & Co. Kg, Balluf GmbH, Level Developments Ltd., and IFM Electronic GmbH

*Definition:

Tilt Sensors (also called inclinometers) are used in many applications to monitor changes in angular position. They can be found in a number of different industries including laser levels, seismic monitoring, tower crane anti-tipping monitors and medical devices.