Market Share of South Korea Sensors Industry
The South Korean sensors market is fragmented, with the presence of major players like STMicroelectronics Inc., Honeywell International Inc., Infineon Technologies AG, Bosch Sensortec GmbH, Vishay Intertechnology Inc., TDK Corporation, and others. The players in the market are adopting strategies such as partnerships, mergers, innovations, investments, and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.
- July 2024: Infineon Technologies AG and Swoboda partnered to introduce advanced current sensor modules designed for automotive use. This partnership leverages Infineon's high-quality current sensor ICs and Swoboda's prowess in sensor module development to tap into the burgeoning demand for sensing solutions in hybrid and electric vehicles. The inaugural product, Swoboda CSM510HP2, showcases a compact, fully encapsulated design, boasting a small footprint while maintaining top-notch performance.
- February 2024: Goodyear partnered with TDK Corporation, an electronics provider, to trial connected tire sensors, enhancing driver safety. These sensors, powered by TDK's piezoelectric material, can harvest energy and monitor crucial conditions like strain, speed, and impacts. The sensors analyze this data by employing edge AI, deciding when and how frequently to relay it to the car's onboard system or the driver. The system transmits data wirelessly using Bluetooth Low Energy (BLE), with the potential for testing other IoT technologies in the future.
South Korea Sensors Market Leaders
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STMicroelectronics Inc.
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Honeywell International Inc.
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Infineon Technologies AG
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Bosch Sensortec GmbH
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Vishay Intertechnology Inc.
*Disclaimer: Major Players sorted in no particular order
