Measurement Specialties Inc., a subsidiary of global industrial technology company TE Connectivity Ltd. acquired Silicon Microstructures Inc. from Elmos Semiconductor AG.
SMI’s micro-electro-mechanical systems (MEMS) sensor technology design and manufacturing capabilities join TE’s operational scale, customer base, and existing sensors technologies to offer comprehensive global sensing solutions. SMI expands TE’s global leadership in pressure sensing technology, particularly in medical, transportation, and industrial applications.
SMI will now be reported as part of TE’s Sensor Solutions business.
TE Connectivity
https://www.te.com
Global biomedical temperature sensors market to reach $10 billion by 2026
According to Stratistics MRC, the global biomedical temperature sensors market was $5.60 billion in 2017 and is expected to reach $10.10 billion by 2026, growing at a compound annual growth rate (CAGR) of 6.8%. Driving factors include increasing demand for fitness devices and rising health concerns. However, high costs are restraining growth.
North America is expected to grow significantly due to rising need for medical services and medical sensor providers, who are developing high value-add equipment to meet these needs.
Trends Market Research
https://www.trendsmarketresearch.com
Explore the November 2019 Issue
Check out more from this issue and find your next story to read.
Latest from Today's Medical Developments
- MedTech Innovator welcomes five new industry partners
- First Article Inspection for quality control
- The manufacturing resurgence is here – are you ready?
- Workholding solutions for your business
- ZOLLER events will showcase the company’s cutting-edge innovations
- THINBIT’s MINI GROOVE ‘N TURN Acme threading inserts
- CMMC Roll Out: When Do I Need to Comply? webinar
- Metabolic research uses Siemens gas analyzers to deliver results with 99.9999% resolutions
