Market Share of China Sensors Industry
The Chinese sensors market is highly competitive, with diverse firms of different sizes. The market is anticipated to witness several product innovations, partnerships, mergers, and acquisitions as organizations continue to invest strategically in offsetting the present slowdowns they are experiencing. The market comprises key solutions and service providers, such as Novosense, Cheemi Technology Co. Ltd, TM Automation Instruments Co. Ltd, and STMicroelectronics NV.
- September 2022 - NOVOSENSE Microelectronics introduced six new industrial and automotive-qualified chip series, including isolated sampling, isolated drivers, gate drivers, non-isolated high-voltage half-bridge drivers, silicon microphone conditioning chips, and gauge pressure sensors. These chips are used in new energy vehicles, industrial applications, consumer electronics, and the medical sector.
- February 2022 - The Intelligent Sensor Processing Unit (ISPU), which combines a Digital Signal Processor (DSP) designed to execute AI algorithms and MEMS sensor on the same silicon, was introduced by STMicroelectronics. By combining sensors with AI, it is possible to reduce size compared to system-in-package devices, reduce power consumption by up to 80%, and move electronic decision-making to the application edge.
China Sensors Market Leaders
Novosense
Cheemi Technology Co. Ltd.
HeYi Electronics Technology Co. Ltd.
TM Automation Instruments Co., Ltd.
STMicroelectronics N.V.
*Disclaimer: Major Players sorted in no particular order
