PUBLISHER: KBV Research | PRODUCT CODE: 1457303
PUBLISHER: KBV Research | PRODUCT CODE: 1457303
The Europe Tilt Sensors Market would witness market growth of 8.1% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 1,889.1 thousand units, showcasing a growth of 10.7% (2019-2022).
Metal sensors are devices designed to measure inclination or tilt angles by utilizing metal-based components. These sensors often rely on the principles of capacitance or resistivity to detect changes in orientation. Typically composed of metallic elements like aluminum or steel, metal sensors offer robust and reliable performance. Their durability and resistance to environmental factors make them well-suited for applications in industrial settings, automotive systems, and construction machinery. Therefore, the Germany market is expected to consume 248.1 thousand units of metal sensors by 2030.
The Germany market dominated the Europe Tilt Sensors Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $24,582.9 Thousands by 2030. The UK market is exhibiting a CAGR of 7.1% during (2023 - 2030). Additionally, The France market would experience a CAGR of 8.9% during (2023 - 2030).
These sensors are increasingly integrated into IoT-enabled devices and systems for remote monitoring, predictive maintenance, and data-driven decision-making. In smart homes, for example, these sensors are used in smart thermostats to detect changes in room orientation and adjust temperature settings accordingly. The demand for these sensors will increase with the increase in the adoption of smart homes and appliances.
Advancements in sensor technology have led to the development of miniaturized sensors with improved performance and lower power consumption. These sensors can be seamlessly integrated into compact and portable devices, wearables, and IoT-enabled sensors, expanding their application possibilities and driving adoption in space-constrained environments.
As per the International Trade Administration (ITA), for 2021, the French civil aerospace industry recorded a gain in revenue, reaching €35.66 billion out of a total of €55.2 billion in non-consolidated aerospace and defense revenues. This represents an improvement over the previous year, 2020. Likewise, as per ITA, the automotive sector is one of Italy's main industries. In 2022, the automotive sector's turnover was €92.7 billion, 9.3% of Italy's manufacturing turnover and 5.2% of Italy's GDP. Italy produced 782,629 vehicles in 2022 (including 486,111 automobiles, 234,798 light commercial automobiles, and 61,720 trucks and buses). Therefore, the expansion of the automotive sector and the growing aerospace industry in the region is propelling the market's growth.
Based on Material Type, the market is segmented into Non-Metal and Metal. Based on Technology, the market is segmented into Solid State (MEMS), Fluid-Filled, and Force Balanced. Based on Application, the market is segmented into Construction & Mining, Automotive & Transportation, Aerospace & Defense, Telecommunication and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe Tilt Sensors Market Report Segmentation
By Material Type (Volume, Thousand Units, USD Million, 2019-2030)
By Technology (Volume, Thousand Units, USD Million, 2019-2030)
By Application (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)