Market Share of IoT Sensor Industry
The IoT sensor market is fragmented, with several sensor manufacturers striving to maintain a competitive edge. This factor is, thereby, intensifying the competition in the market. Players in the market adopt strategic activities such as partnerships, product development, mergers, and acquisitions to capture the market share.
- July 2020: Texas Instruments Incorporated launched the industry's first zero-drift Hall-effect current sensors, TMCS1100 and TMCS110. The new sensors can enable the lowest drift and highest accuracy over time temperature, according to the company. In contrast, they provide reliable 3-kVrms isolation, especially for AC or DC high-voltage systems such as industrial motor drives, solar inverters, energy storage equipment, and power supplies.
- June 2020: TE Connectivity launched the LVDT position sensor. These sensors provide standard and custom solutions based on the hydraulic application requirements of ICT off-highway equipment and industrial machine tools.
IoT Sensor Market Leaders
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Texas Instruments Inc.
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ABB Ltd
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Schneider Electric SE
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TE Connectivity
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Honeywell International Inc.
*Disclaimer: Major Players sorted in no particular order
