Smart Sensors Companies (2023), Along With Major Strategic Developments
Competitive Landscape
Smart sensor providers have adopted several strategies, such as the introduction of new solutions and collaborations, for expanding their capabilities. In 2023, the industry of smart sensors was characterized by stiff competition among the top five players, which accounted for 60% of the value share. Moreover, major industry players, such as Analog Devices Inc., Infineon Technologies AG, STMicroelectronics International N.V., TE Connectivity Ltd., and Microchip Technology Inc., have global presence and vast range of products on offer, thereby impacting the market trends.
Top 5 Smart Sensors Companies:
- Analog Devices Inc. (Leader)
- Infineon Technologies AG
- STMicroelectronics International N.V.
- TE Connectivity Ltd.
- Microchip Technology Inc.
Smart Sensors Key Players:
- Analog Devices Inc.
- Infineon Technologies AG
- STMicroelectronics International N.V.
- TE Connectivity Ltd.
- Microchip Technology Inc.
- ABB Ltd.
- Balluff GmbH
- Bosch Sensortec GmbH
- Eaton Corporation plc
- Emerson Electric Co.
- GE Lighting (Savant Technologies LLC)
- Honeywell International Inc.
- LEGRAND
- Murata Manufacturing Co Ltd.
- NXP Semiconductors N.V.
- Renesas Electronics Corporation
- Sensirion AG
- Siemens AG
- TDK Corporation
- Texas Instruments Incorporated
Smart Sensors News
- In November 2023, STMicroelectronics International N.V. announced a collaboration with DuPont Liveo Healthcare Solutions for developing a smart wearable device concept for remote bio-signal monitoring.
- In March 2023, Analog Devices Inc. announced that Envision Energy, a green technology company, has chosen The former’s MEMS sensor technology for the latter’s smart wind turbines.
- In February 2023, Infineon Technologies AG announced a partnership with Elliptic Labs, an AI software company, for the Listen2Future project, which is focused on the development of new audio sensors integrated with a virtual sensor platform, to be used in smart home devices.
- In October 2022, Infineon Technologies AG launched a connected sensor kit, named XENSIV, which is a platform for developing customized IoT solutions.
- In September 2021, Analog Devices Inc. signed a channel partner agreement with O’Neill Industrial, a supplier of compressed air and pneumatic equipment, for getting support for the ADI OtoSense SMS, Analog Devices’ predictive maintenance smart motor sensor (SMS), in Ireland and Northern Ireland.
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