Lucintel’s latest market report analyzed that tilt sensor provides attractive opportunities in the mining & construction, automotive, telecommunication, and aerospace & defense industries. The tilt sensor market is expected to grow at a CAGR of 7%-9%. In this market, mining & construction are the largest segment by end use industry.
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Based on end use industry, the tilt sensor market is segmented into mining & construction, automotive, telecommunications, aerospace & defense, and others. The mining & construction segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during 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.
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The tilt sensor market is marked by the presence of several big and small players. Some of the prominent players offering tilt sensor include Sick AG, TE Connectivity, IFM Electronic GmbH, Murata Manufacturing, Pepperl+Fuchs Vertrieb GmbH, Jewell Instruments, Balluff, DIS Sensors, and The Fredericks Company.
This unique 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 click on this link helpdesk@lucintel.com.
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