Key factors contributing to the market growth are rise in demand for tilt sensors based on MEMS technology and upsurge in demand for construction equipment. However, high cost of tilt sensors based on force balance technology may hamper the market growth.
Tilt sensors have been widely used in many applications, such as instrumentation leveling, oil drilling and structural health monitoring. With the rapid development of the micro-electromechanical system (MEMS) technology. MEMS accelerometer-based high-performance tilt sensors are capable of replacing conventional tilt sensors in most application domains, owing to the rapid development of micro-electromechanical system (MEMS) technology. MEMS resonant accelerometers (MRAs) with high sensitivity are completely qualified for tilt sensing. MRA chips, on the other hand, must be vacuum packaged and require complicated circuits, making them difficult to miniaturize and sell. For low-cost, high-sensitivity, low power consumption, and downsizing, the suggested MEMS sensor uses simplified fabrication procedures, an area-change-based capacitive displacement transducer, and a capacitance-to-voltage conversion application-specific integrated circuit (ASIC). Many industrial and commercial applications, such as mobile phone motion sensors and car airbags, have demonstrated this operating concept. Low-grade accelerometer cells with accuracies of less than 1 degree are commonly required for these consumer applications. Unlike low-cost consumer-grade inclinometer cells, MEMS sensors in inclinometers have an array of fine electrodes that improve the measurement's resolution and accuracy. The moving mass in the MEMS in inclinometers designed for static or near-static measurements is physically damped to limit the sensitivity of these sensors to frequencies exceeding 29 Hz.
MEMS tilt sensors are low-cost, robust, virtually immune to shock, and exhibit very good long-term stability. Biaxial tilt sensors contain two MES sensors oriented at 90 degrees to one another to allow perpendicular tilt measurement. They are readily adaptable for automated data acquisition, which allows a series of sensors to be continuously monitored for profiling purposes.
Of late, South American countries have witnessed a significant rise in several industries. Various industries, such as automotive, aerospace, and industrial equipment, have been experiencing a fair growth rate. However, the COVID-19 outbreak has created significant turmoil among manufacturers across industries. Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador. The government of South America has taken an array of actions to protect its citizens and contain COVID-19's spread. Brazil has the largest industrial sector and is also the worst-hit country. This has highlighted the limited resources and investments toward product developments, which has slow-downed the adoption of sensor systems and tilt sensors. This factor has negatively impacted the tilt sensor market.
In South American economies, mining is quite important. There are numerous copper, silver, lithium, and gold reserves in the region and considerable potash and lithium reserves. The region has recently received significant foreign direct investment due to its richness of natural resources. In today's global economy, the region has the potential for substantial growth. Many Chinese corporations, for example, have made investments in South America. The pandemic hampered mining operations in the region, but it will soon resume a steady growth due to the conditions mentioned above.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 13.11 Million |
| Market Size by 2028 | US$ 17.34 Million |
| CAGR (2021 - 2028) | 4.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Tilt Sensor Market is valued at US$ 13.11 Million in 2021, it is projected to reach US$ 17.34 Million by 2028.
As per our report South America Tilt Sensor Market, the market size is valued at US$ 13.11 Million in 2021, projecting it to reach US$ 17.34 Million by 2028. This translates to a CAGR of approximately 4.1% during the forecast period.
The South America Tilt Sensor Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Tilt Sensor Market report:
The South America Tilt Sensor Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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