Top 7 Sensor Technology Companies In The Global Market

01 Apr, 2020 | Blogs

Since the last few years, the use of sensor technology has affected how companies, organizations, utilities, and manufacturers operate; the advent of the internet of things (IoT) has changed several things, including better connectivity, automation, and analytics to workflow and business processes. At present, smart sensors are beneficial to businesses in different ways. To begin with, they bring more visibility into existing workflows and operations, recognizing things and locating them, and identifying their environmental conditions. For example, industrial IoT environments leverage the power of IoT to keep track of temperature and humidity, for triggering alarms in warehouses or plants, and also to log data for historical records and quality management.

From a medical perspective, we have entered an era of ‘digital health revolution,’ which is the unique amalgamation of medicine and technology, and sensors are paving the path. Currently, several medical facilities are making use of passive sensors to accurately monitor each patient’s vital signs and store data as well as share it wirelessly with doctors. Furthermore, many sensor technologies are underway to make it easier for health professionals and patients to diagnose cancer types, sub-dermal issues, and even enlarged kidneys.

As a handful of these applications is set to drive the growth of sensor-based technologies, Straits Research has listed the top 7 manufacturers in the Global Sensor Technology Market, to guide organizational leaders in leveraging the power of the technology to better handle business challenges, optimize work processes, and increase efficiencies.

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Top 7 largest
sensor manufacturers in the world:

1. STMicroelectronic:

STMicroelectronics is a European electronics and semiconductor manufacturer delivering solutions that are key to smart driving, smart home & city, and smart industry applications. The company offers a wide range of MEMS and sensor solutions, including low-power devices for IoT and battery-operated applications, Industry 4.0, AR/VR components, and smartphones.

The company’s revenue for FY2019 was USD 9.56 billion. In February 2020, the company announced a collaboration with TSMC to push the development of Gallium Nitride (GaN) process technology and the supply of GaN devices to market. In December 2016, STMicroelectronics collaborated with Valencell — a leader in performance biometric data sensor technology — to build a powerful Biometric Sensor Platform for wearables and IoT.

2. NXP Semiconductors:

NXP Semiconductors is an American Dutch manufacturer of semiconductors that designs and manufactures software and semiconductors for mobile applications, car infotainment, consumer electronics, networking, wireless infrastructure, identification, lighting, and security applications. The company’s portfolio of products includes motion sensors, capacitive sensors, pressure sensors, touch sensors, and magnetic sensors. The company generated revenues of USD 8.88 billion for FY2019.

In January 2019, the company partnered with Momenta, a leader in software solutions for autonomous driving, for developing automotive-grade Driver Monitoring Solutions (DMS). The collaboration between the two companies aims to allow automakers to deploy DMS applications into mass auto production. In May 2018, NXP Semiconductors signed a deal with Tata Consultancy Services (TCS) to build applications for automotive, security, and IoT verticals and solve problems in the high-tech areas.

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3. Analog Devices, Inc. (U.S.)

The name Analog Devices, Inc. needs no introduction in the sensor market. It is one of the favorite names for sensors. The company’s MEMS accelerometer and gyroscope solutions provide designers with discrete parts and components and iSensor® MEMS subsystems. Its iSensor MEMS IMUs are highly-integrated, multiaxis solutions that are combined with pressure sensors, accelerometers, gyroscopes, magnetometers, and new technologies for high degrees of freedom applications under dynamic conditions.

In March 2017, Analog Devices, Inc. announced the completion of Linear Technology Corporation for a staggering USD 14.8 billion to supplement its analog and sensor business. In 2019, the company generated sales of nearly USD 6 billion.

4. ams AG (Austria)

Formerly known as austriamicrosystems AG, the Austria-based ams AG is a world leader in the design and manufacture of advanced sensor solutions and services. The company entered into a joint venture with Sunny Optotech to design and market 3D sensing camera solutions for automotive and mobile applications.

For the financial year 2019, the company posted revenues of USD 2.085 billion. In June 2019, the company collaborated with China’s AI provider Megvii to develop and market complete, plug-and-play 3D face recognition solutions. In January 2020, ams AG completed the acquisition of German manufacturer Osram Licht AG, allowing the company to build new sensor solutions and accelerate the growth plans.   

5. Honeywell International, Inc.

Honeywell International, Inc. is among the world’s leading sensor technology companies offering IoT-based sensors and related solutions. The company’s portfolio includes more than 50,000 products ranging from a wide range of switches to position, speed, and airflow sensors. In 2018, the company generated revenues of nearly USD 41.80 billion, marking an increase by 3.13% than the previous year. In July 2016, Honeywell acquired Intelligrated for a staggering USD 1.5 billion in cash, enhancing its product offerings in sensors.

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6. Sensirion AG

Sensirion is a Swiss leader in designing, manufacturing, and marketing high-performance digital microsensors and systems. The company’s product portfolio includes gas and liquid flow sensors, CO2 sensors, environmental sensors for the measurement of humidity and temperature, and particulate matter (PM2.5) sensors, among others. Sesirion’s proven CMOSens® Technology allows customers to generate a high-speed, high-precision sensor signal. In 2019, the company generated revenues of nearly USD 177.75 million, of which the automotive business contributed 30 %.

In September 2017, Sensirion AG acquired the automotive division of Auto Industrial Co. Ltd. (AIC), a provider of automotive sensor modules. AIC’s main products include auto defogging sensors (ADS), air quality sensors (AQS), and CO2 sensors, and this acquisition helped Sensirion to strengthen its OEM automotive sensor module business.

7. Knowles Electronics, LLC.

Knowles Electronics, LLC ranks among the world’s leading manufacturers of advanced micro-acoustic and human interface solutions and provides services to consumer electronics, mobile communications, medical technology, military, space, and other industrial end markets. The company was acquired by Dover Electronics in 2005, allowing Knowles Electronics to find new opportunities to leverage its technology into other markets. The company’s revenue for FY2018 was USD 826.9 million.

In December 2019, Knowles Electronics acquired the MEMS microphone ASIC design business from ams AG, enhancing the company’s leading position in the MEMS microphone market.


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