Our company plans to participate in the 2024 Munich (Shanghai) Electronics Exhibition, time: July 8 (Monday) - 10 (Wednesday), booth number: E4-4917

A sensor is a bridge between the physical and digital worlds, and refers to a device or device that can sense the prescribed measurement and convert it into a usable signal according to a certain law. According to the "2023-2028 China Sensor Industry Analysis and Development Forecast Report" released by the China Business Industry Research Institute, China's sensor market has achieved significant growth in recent years, with the size of China's sensor market reaching 309.69 billion yuan in 2022 and an average annual compound growth rate of 12.26% from 2019 to 2022. Analysts at the China Business Industry Research Institute predict that the size of China's sensor market will reach 332.49 billion yuan in 2023 and 373.27 billion yuan in 2024.

Prospect 1: Emerging industries will drive the development of the sensor market

With the rapid development of emerging industries such as the Internet of Things and mobile Internet, the sensor industry has also ushered in huge development opportunities. The promotion of informatization and intelligence has brought a huge market to the sensor industry, and sensors have a broad application space in the fields of intelligent agriculture, intelligent industry, intelligent transportation, building energy saving, intelligent environmental protection, smart grid, health care, and smart wear.

Prospect 2: Rapid innovation in sensor technology drives the sustainable development of the industry

In recent years, the institutions and investments engaged in the research and development of sensor technology at home and abroad have been increasing, and sensor technology has also made rapid development. With the continuous research and development of advanced sensors, new sensors, low-cost and high-performance sensors, the cost of sensor application will continue to decrease, and the application effect will continue to improve, thereby driving the sustainable development of the sensor industry.

Prospect 3: Government policies to promote and support the rapid development of the industry

In recent years, the Ministry of Industry and Information Technology has issued the "Internet of Things" Twelfth Five-Year Development Plan and other related policies, and is actively studying the introduction of relevant policies to support the development of the sensor industry, the sensor industry will face a more relaxed policy environment in the future. With the support of national policies, the sensor industry will usher in a period of rapid development.

Prospect 4: Further integration of enterprises to promote industrial development

With the intensification of market competition, the integration of mergers and acquisitions in the sensor industry continues to increase, large foreign sensor companies have formed their own technical advantages through mergers and acquisitions, and domestic sensor companies have begun to merge and reorganize, become bigger and stronger, and continue to enhance competitiveness through mergers and acquisitions. In the future, the formation of domestic sensor head enterprises will greatly enhance the industrial competitiveness and promote the healthy development of enterprises.

Sensor-themed exhibition area

electronica China 2024 will be held on July 8-10, 2024 at the Shanghai New International Expo Centre. The exhibition site has a sensor theme exhibition area, and a number of sensor company booths have been set up in the exhibition area, with the goal of showing a new generation of technological innovation and application design in this field to domestic and foreign exhibitors and exhibitors, creating an open-source and cooperative multi-party communication and interaction platform, and seeking further efficient development of the sensor industry.