Tilt Sensor Market Size Is Anticipated To Surpass USD 435.38 Million By 2030
CIOTechOutlook Team | Thursday, 14 September 2023, 05:59 IST
The global tilt sensor market is estimated to increase at a CAGR of 7.47% between 2022 and 2030, from USD 227.66 million in 2021 to USD 435.38 million by 2030. The expanding demand for MEMS technology, as well as significant urbanization and industrialization, are expected to drive up demand for tilt sensors.
Furthermore, rising demand for sensors such as motion sensors, microphones, and light sensors for IoT devices is fueling market expansion during the projection period. Furthermore, increased demand for new customer electronics, as well as emerging trends in the automobile sector and technology, are aiding market expansion.
MEMS, force balance, and fluid filled are the three technology segments. In 2021, the MEMS segment will have a market value of around 86.82 million. This increase is due to the strong demand for solid-state tilt sensors.
North America, Europe, Asia Pacific, South America, the Middle East, and Africa are the five regions studied in the market. With a market value of around 110.16 million in 2021, the North American area emerged as the largest global tilt sensor market. The tilt sensor market is currently dominated by North America, and this trend is projected to continue during the forecast period. This expansion can be attributed to the tilt sensor's rising popularity, particularly in the automotive sector around the world.
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