Market Leader - Tilt Sensor Market
Tilt sensors are devices used for measuring the tilting position of an object with reference to gravity. The tilt sensor market is expected to be valued at USD 260.3 Million by 2023, growing at a CAGR of 8.17% between 2017 and 2023. The growth of this market can be attributed to the ability of the tilt sensor to detect the inclination of an object, which is crucial in various applications for making decisions related to operations as well as for ensuring safety. Antenna leveling, wheel alignment, railway track alignment and maintenance, construction equipment, and agricultural equipment are some of the application areas of the tilt sensor.
TE Connectivity Ltd. (Switzerland) and SICK AG (Germany) are two of the key players in the tilt sensor market. TE Connectivity Ltd. has a strong presence in the market. The company provides a number of tilt sensors and inclinometers based on fluid filled capacitance, conductive, or MEMS technology, which are used in various applications including antenna positioning, crane safety systems, platform leveling/monitoring, and robotics. Apart from a broad tilt sensor related product portfolio, the company’s strong brand image and customer base are some of the other factors that have helped it gain a significant position in the tilt sensor market. SICK AG has a strong position in this market, which is attributed to its strong product portfolio of tilt sensors based on MEMS technology. Some of the other companies operating in the tilt sensor market include Murata Manufacturing Co., Ltd. (Japan), Pepperl+Fuchs Vertrieb GmbH & Co. KG (Germany), Level Developments Ltd. (UK), ifm electronic gmbh (Germany), Balluff GmbH (Germany), Jewell Instruments LLC (US), The Fredericks Company (US), and DIS Sensors bv (Netherlands).
The major players in the tilt sensor market have primarily adopted the strategy of product launches to strengthen their product portfolio and to expand the reach of their offerings to newer clients. For instance, in 2016, Jewell Instruments LLC (US) expanded its MEMS sensor line with the launch of JMA-100/200/300 accelerometer and JMI-100/200 inclinometer series. These sensors come with a 4–20mA output option, which makes it ideal for applications that rely on long cable runs. Moreover, in 2016, The Fredericks Company (US) introduced the 0729-1760-04 10° dual axis RS-485 inclinometer. This product is ideal for various applications including robotic controls, aerial lift platform leveling, wheel alignment systems, semiconductor manufacturing, and satellite dish alignment.
Furthermore, the key players in the tilt sensor market have adopted various partnership and expansion strategies between 2014 and 2016.For instance, in 2016, Jewell Instruments LLC (US) and Electro Component Sales, Inc. (US) entered into a partnership. According to this partnership, Electro Component Sales would be selling the force balance, MEMS, and electrolytic sensors of Jewell Instruments LLC in New England. Moreover, in 2014, SICK AG (Germany), for increasing its direct business with Malaysian customers, founded a new sales subsidiary SICK SENSOR (MALAYSIA) SDN BHD in Malaysia.
Related Reports:
Tilt Sensor Market by Housing Material Type (Metal, and Nonmetal), Technology (Force Balance, MEMS, and Fluid Filled), Vertical (Mining & Construction, Automotive & Transportation, Telecommunications), and Geography - Global Forecast to 2023
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