The sensors are widely used to detect external stimuli and convert them into electrical signals. Sensor technology is gaining momentum across a number of industries due to the increasing use of sensors and the need for reliable and accurate measurements.
Key market drivers for this industry include chip-level integration, wireless connectivity, and low power consumption. While the Asia-Pacific region is expected to grow at the highest rate during the forecast period, Europe is expected to experience the second-highest growth rate, owing to its advanced infrastructure.
As the COVID-19 pandemic continues to negatively impact society, business, and manufacturing around the world, sensors are becoming an increasingly important element of everyday life.
If you want to know more about sensor technology companies in the global market, continue reading this article.
The Top 7 Sensor Technology Companies in the Global Market
Listed below are seven of the top companies in the sensor technology market. Read on to know more about these companies.
One of the world’s leading semiconductor manufacturers, STMicroelectronics provides sensors for a variety of uses. Its FlightSense time-of-flight sensors offer multiple zones for multi-target detection. The company supplies a variety of sensors for various applications, including medical devices, security systems, and smart home technology. Aside from developing sensors for mobile phones, it also designs and manufactures integrated circuits for smartphones.
- Analog Devices Inc.
Analog Devices Inc. is an American multinational semiconductor company that specializes in data conversion, signal processing, and power management technology. With over two hundred years of experience, Analog has become a trusted name in the world of electronics. The company supplies key components for Apple’s iPhones, such as the 3-D Touch feature. As such, the company should be able to easily move up to the second-largest revenue stream within the next few years.
- NXP Semiconductors
The company has a leading position in both analog and digital television markets. As the government-mandated digital tuners in all televisions and the automobile industry focused on emissions reductions, its digital TV business increased. Its automotive sensor technology includes a variety of sensors for safety and security.
- Honeywell International Inc
Honeywell International Inc. is a global company that manufactures sensors. Its commercial line includes pressure sensors, speed sensors, position sensors, thermal and infrared sensors, and airflow and temperature sensors. Its other products include NTC thermistors, which are used in office automation systems. Additionally, Honeywell’s sensor products include safety fuse functions. Honeywell has been making sensor technology more innovative in recent years.
- AMS AG
AMS is a leading sensor technology company that focuses on developing and manufacturing advanced sensors for a wide range of applications. AMS AG acquired MAZeT, a leading color sensing company specializing in industrial and medical applications. The company’s JENCOLOR sensor technology is currently deployed in medical and agricultural applications as well as in airplane interior lighting.
- Knowles Electronics LLC
Knowing that sensor technology is crucial to smart cars, automobiles, and smart cities, it makes sense that Knowles Electronics is a hot stock in the sector. With a recent acquisition of AMS AG’s automotive division, the company is enhancing its leadership position in the MEMS microphone market. Knowles Electronics has also filed for a number of patents related to its products, including advanced microphones and speakers.
- Sensirion AG
Established as a spin-off of ETH Zurich, Sensirion AG is a world-leading provider of sensors. The company has won a number of awards for its innovation and commitment to customer service. Sensirion was also recently honored with the Ernst & Young Entrepreneur of the Year(r) 2010 award. With its extensive sensor portfolio and dedicated workforce, Sensirion is well-positioned to lead in sensor technology