Demand for tilt sensors is growing, market expected to reach $614.13 million by 2032
From GlobeNewswire: 2024-12-16 08:00:00
The Tilt Sensors Market was valued at $267.42 million in 2023 and is projected to reach $614.13 million by 2032, growing at a CAGR of 9.68%. Demand for automation and precision is fueling market growth, with tilt sensors playing a crucial role in smart cities and infrastructure development. Leading market players include TE Connectivity, Murata Manufacturing Co., Ltd., and SICK AG.
Metal housing dominated the tilt sensor market in 2023, with a 63% revenue share, due to durability and resistance to extreme conditions. MEMS technology led the market with a 59% revenue share, offering compact size and high precision. Asia-Pacific leads market growth, driven by industrialization, while North America is the fastest-growing market due to advancements in MEMS technology.
Recent developments include SICK expanding tracker sensors into agrivoltaic applications and Bosch launching Smart Connected Sensors platform for motion tracking. The market report covers market size projections, key drivers, regional dynamics, and a detailed competitive landscape. Purchase the single-user PDF report at a 33% discount for in-depth insights on the tilt sensor market. The Tilt Sensors Market report includes segmentation by end-use industry, regional analysis, company profiles, and use cases. For more insights, access the full report at https://www.globenewswire.com/news-release/2024/12/16/2997493/0/en/Tilt-Sensors-Market-to-reach-USD-614-13-Million-by-2032-Report-by-SNS-Insider.html. Buying options include 5 Reports Pack for $7500, 10 Report Pack for $12000, and Vertical Subscription for 150 Reports valid for 1 year. Purchase packs at https://www.globenewswire.com/news-release/2024/12/16/2997493/0/en/Tilt-Sensors-Market-to-reach-USD-614-13-Million-by-2032-Report-by-SNS-Insider.html.
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