Market Share of Sensors Industry
The increasing presence of prominent manufacturers in the sensor industry is expected to intensify competitive rivalry during the forecast period. Market incumbents, such as Texas Instruments Incorporated, TE Connectivity Inc., Omega Engineering Inc., etc., considerably influence the overall market. These firms have continuously expanded their operations by focusing on market expansions and acquisitions. Continuous product launches and technological upgrades effectively set the ball rolling regarding overall market growth in the sensor sector.
In January 2023, NXP Semiconductors launched a new industry-first 28 nm RF CMOS radar one-chip IC family for next-generation ADAS and autonomous driving systems. The new single-chip SAF85xx family integrates NXP's powerful radar detection and processing technology into a single device, giving Tier 1s and OEMs new flexibility to address short-, medium-, and long-range radar applications.
In April 2022, Kistler released its latest 4017-A piezoresistive absolute pressure sensor for usage in engine development and hydraulic and pneumatic applications in hot and cold environments. The PR pressure sensors can also be employed for dynamic pressure measurements due to their ability to capture rapidly changing pressures, even in low-pressure ranges.
Sensor Market Leaders
Texas Instruments Incorporated
TE Connectivity Ltd
Omega Engineering Inc.
Honeywell International Inc.
Rockwell Automation Inc.
*Disclaimer: Major Players sorted in no particular order
