Market Share of Global Sensors and Actuators Industry
The global sensors and actuators market is fragmented as numerous international companies, such as TE Connectivity, Texas Instruments Inc., Honeywell International Inc., Emerson Electric Company, and SMC Corporation, are operating.
- In September 2021, TE Connectivity, a leading company in connectivity and sensors, acquired ERNI Group AG (ERNI), a leading player in electronic connectivity for factory automation and automotive. The acquisition of ERNI complements TE Connectivity's wide connectivity product portfolio, specifically in high-speed and fine-pitch connectors for automotive, factory automation, and other industrial applications.
- In August 2021, Parker Hannifin Corporation, a leading market player in motion and control technologies, announced the acquisition of Meggitt PLC, a company operating in aerospace and defense motion and control technologies. In Coventry, United Kingdom, Meggitt PLC had approximately USD 2.3 billion in annual revenue in annual revenue in 2020.
Sensors and Actuators Market Leaders
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TE Connectivity Ltd
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Texas Instruments Inc
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Honeywell International Inc
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Emerson Electric Co.
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SMC Corporation
*Disclaimer: Major Players sorted in no particular order
