Tilt Sensors Level the Construction Market

Growing demand for construction equipment is fueling the growth of the tilt sensor market. The tilt sensor market is expected to reach $260.3 million by 2023. The factors such as large-scale investments for infrastructural development, rise in urbanization, and increase in construction activities in emerging economies has led to the rise in the demand for construction equipment.

The construction equipment industry is a major adopter of tilt sensors. The tilt sensor based on force balance technology has a high accuracy level. These sensors are more expensive than the other technologies such as micro-electro-mechanical systems (MEMS) and fluid filled. This is one of the factors limiting the growth of the tilt sensor market.

Tilt sensors based on MEMS technology are expected to witness a significant growth in this market during the forecast period. The growth of the MEMS technology can be credited to its wide adoption in various verticals due to its small size and low cost.

Asia Pacific (APAC) is expected to hold the largest size of the tilt sensor market during the forecast period, followed by North America. A significant number of mining and construction equipment, automotive, and aerospace manufacturers are located in North America and APAC. These verticals are the major adopters of these sensors, thereby leading to the growth of the tilt sensor market in North America and APAC.

Moreover, the governments in both these regions, especially in APAC, are making significant investments for the infrastructural development, which is further accelerating the growth of the tilt sensor market in APAC. Construction activity will continue to grow this market and an increase in equipment usage will fuel it.

Posted: 8/24/2017 7:04:08 PM



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