Inclinometers Market to Exhibit Sluggish CAGR of 2% over the Forecast Period of 2017-2023

Pune, India, July, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Inclinometers Market Research Report.

Inclinometers are instruments that help in measurement of the corresponding magnitude of Earth gravitational field. It is used heavily in industrial, construction and electronic, military, aviation, marine application for measuring slope angles and also known as a tilt sensor, level gauge, gradiometer, tilt indicator, or slope meter. The global inclinometer market is projected to reach USD 3.5 Bn and grow at a sluggish CAGR of 2% over the forecast period 2017-2023. The primary factor which is driving the growth of the inclinometers market is growing adoption of MEMS system in consumer electronics and their increased usage in mobile sensors. Increased use of inclinometers in construction vehicles is also a major driver of the market. Construction machines such as road roller should function efficiently and safely and inclinometers help to provide feedback about the levelness of the pavement. Increase in development and infrastructural activities which lead to more construction boosts the market for inclinometers. Inclinometers find novel applications in lifestyle wearable devices and smart factories. Companies such as Apple, Google, and Samsung are innovating consumer wearable electronic devices and are integrating tilt sensors and inclinometers for the same. Growing usage of smart wearable devices among consumers adds to the expansion of the market. A growing number of industries are moving towards automation of entire factory process and are deploying inclinometers for the same which is expected to drive the market over the forecast period. Another factor which is aiding the growth of the market is the evolution of micro electro mechanical systems (MEMS) in the packaging industry.

Segmentation

The global inclinometer market has been segmented based on axis, the output signal, technology, and application. By axis, the market has been segmented 1 – axis, and multi-axis. By output signal, the market has been segmented digital signal, analog signals, and TTL signals. By technology, the market has been segmented into MEMS, electrolytic, closed – loop gravity, capacitive, others.

By application, the market has been segmented into construction, electronic equipment manufacturing, industrial automation, industrial robots, marine, aviation and defense, and automotive applications.

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Regional Analysis

The key markets of the global inclinometer market are North America, Europe, Asia Pacific and rest of the world. North America is leading the market and is expected to maintain the momentum over the forecast period. The growth in North America market can be attributed to high infrastructural growth and constructional activities in countries such as US and Canada. The Middle East & Africa, and Asia-Pacific regions are anticipated to exhibit high growth owing to increased infrastructural and constructional activities in the region, coupled with growing consumer electronics industry. Countries like India, Taiwan, and South East Asia will witness growth in the region. In the Middle East & Africa market, growth can be attributed to infrastructural development in countries such as UAE, Saudi Arabia, and Oman.

Competitive Landscape

Some of the key vendors operating in the market include Waysen UK Ltd (U.K), TE Connectivity Ltd. (Switzerland), Analog Devices, Inc (U.S.), Parallax Inc (U.S.), Altheris sensors & controls (Netherlands), BDC Electronic (Italy), Sherborne Sensors Limited (U.K), Geokon, Incorporated (U.S.), Murata Manufacturing Co., Ltd (Japan), Agisco S.R.L (Italy), Automation Sensorik Messtechnik GmbH (Germany), BeanAir GmbH (Germany) among others.

Industry Updates

• In June 2018, TWK Elektronik announced the development of a new generation of inclinometers. The new sensors are more precise and faster and are suitable for dynamic applications.


• A new bike fit tool, VeloAngle is making use of an integrated digital inclinometer which allows users to record and duplicate bike setup. It is a superior measuring tool which replaces the traditional X-Y coordinate system and is developed by a cycling