The current Internet of Things (IoT) sensor market is growing rapidly and is projected to reach $141 billion by 2030. As suppliers ramp up production to satisfy strong demand for IoT products, procurement specialists, designers, engineers, and others should keep an eye on the major players in the global marketplace – and even a few up-and-coming companies, too.
As such, the electronic parts sourcing experts at Sourcengine compiled updates and sales information for IoT sensor manufacturers across the globe in keeping with our goal to add value in the procurement marketplace.
Let’s look at the segment’s leading providers and offer some analysis to help with your electronic component and IoT accessory purchasing decisions – for 2021 and beyond!
The Dallas-based IoT manufacturing giant has a reputation for being an innovative provider, and it has broken a lot of ground in IoT sensor design and manufacturing advances. Texas Instruments pushed the field forward by releasing its ultra-low-power low-dropout (LDO) linear voltage regulator. This new technology allows for faster, more reliable performance for a variety of electronic components, including IoT devices.
IC Insights estimates TI will grow its revenue by a projected 25 percent annually in 2021 because of its interest in supporting burgeoning technologies.
STMicroelectronics continues to make inroads into the IoT sensor marketplace. The French-Italian conglomerate recently announced another breakthrough as a result of their partnership with Green Hills Software. Their INTEGRITY real-time operating system enables top-end performance for a variety of cloud-based automotive products and services.
Microchip Technology, Inc.
The Chandler, AZ, firm, revenue results don’t lie: the company’s revenue is up 24 percent year-over-year. Its success is due in part to its dedication to emerging areas like IoT sensors. Microchip remains in the public spotlight, with the New York Times hailing its success amid the global chip shortage. What’s more, its advanced memory products have gained positive reviews across the semiconductor and IoT industry.
Based in Phoenix, AZ, this Fortune 500 semiconductor supplier has parlayed the strong demand for automotive IoT components with their new RGB-IR image sensor to further advance the company’s worldwide profile. Onsemi’s new image sensor enhances existing passenger activity monitoring capability, along with object detection technology – and everyone from auto manufacturers to insurance companies has taken note.
With rapid product development and IoT sensor manufacturing techniques, the company enjoys a current revenue of just under $27 billion. The arrow continues to point up for ON Semiconductor.
While some IoT sensor and semiconductor manufacturers enthusiastically embody a progressive vision, TE Connectivity embraces its fast-growing reputation. The Swiss-based company earned top-5 recognition on the FORTUNE Change the World list. TE’s focus on safety and efficiency continues to drive its product development.
Plus, its collaboration industry remains strong, as evidenced by its active participation in the Ethernet Alliance – just one more way TE continues to strengthen its worldwide image. The firm’s 27 percent revenue growth doesn’t hurt, either!
NXP Semiconductors N.V.
Dutch semiconductor manufacturer NXP’s aggressive market maneuvering – punctuated by their acquisition of American chip company Freescale Semiconductor in 2015 – is a major reason for their strong market presence. Moreover, its growing footprint in the IoT industry ensures it’ll remain a significant contributor for years to come.
With a refocus on mobile devices, NXP introduced the world’s first comprehensive solution for Secure Element (SE), Near Field Communications (NFC), and Ultra-Wide Band (UWB) range-finding technology. This multi-system advancement allows wide-ranging deployment of IoT devices for an assortment of mobile devices and other connected products.
Acquired by Avago Technologies in 2016, this San Jose, CA, semiconductor manufacturer boasts over $26 billion in revenue and is well-positioned to capitalize on the ongoing 5G communication boom.
Thanks to its recent RDK video accelerator platform, Broadcom is leading the way for IoT real-time cloud monitoring and security applications. Expect the company to gain even more market share as security becomes increasingly important for networks across the globe.
Robert Bosch GmbH
This German tech company remains focused on the automotive IoT market, with user-friendly navigation systems for fleet companies, particularly those who utilize the TomTom platform. Their IoT division, Bosch Software Innovations, comprises a profitable business unit for the entire corporate infrastructure. The company’s gross income, hitting $81.7 billion last year, will enable it to direct even more resources to its IoT device deployment.
Infineon Technologies AG
The company celebrated its 20th anniversary in 2019 and presently employs over 46,000 people worldwide. During 2020, Infineon posted strong sales (more than $9.7 billion) and expanded its capabilities, not the least of which is its collaboration with Synopsys to improve artificial intelligence (AI) systems in automobiles.
“By developing the PPU together with Synopsys we make sure that our future microcontrollers will provide the safety features, throughput, and power-efficient performance necessary to meet increasing AI computational requirements,” said Infineon EVP Peter Schäfer.
Analog Devices, Inc.
Massachusetts-based Analog Devices enjoy a strong presence in power management and signal processing applications. The company’s willingness to collaborate with related technologies is key to its accelerated growth. In particular, Analog Devices has partnered with MassRobotics to enhance real-time data gathering with sensor technology.
In addition, ADI’s acquisition of Maxim Integrated will help create even more revolutionary sensors.
Arm Holdings PLC
One of the largest technology companies in Britain, Arm Holdings continues to acquire small technology firms to bolster its overall IoT profile. One of their most well-known acquisitions, Sansa Technologies in 2015, continues to pay dividends (literally and figuratively). Their system-on-a-chip (SoC) technology makes it poised to contribute to the IoT sector for the next decade.
Regardless of how semiconductor technology advances in the next few years and decades, the need for reliable electronic components won’t change. To optimize your company’s supply chain, try searching for parts on Sourcengine, the world’s leading e-commerce marketplace for integrated circuits. Over 3,000 traceable sellers offer their stocked items on our platform. Schedule a demo or sign up for more information today!