The Market segment for high precision sensors, addresses industrial segments from Aerospace to surgical systems and robots. These sensors require stringent manufacturing standards and highest quality control. Sri Lanka has established many technical partnerships spanning over half a century to produce sensors which address requirements of a multitude of industries and has maintained the highest levels of standards and consistency to establish itself as a reliable manufacturing destination for such components.
On a global scale, this sector is one of the highest growing sectors in the semiconductor market. Being used in an array of applications that includes consumer electronics, industrial automation, avionics, military, mobile devices, consumer electronics, building and infrastructure, medical equipment, security, transportation, IT infrastructure and communication, among others, technology in high-precision sensor is evolving consistently, rapidly and has become an integral part of all major industries.
According to Allied Market Research, the global market for sensors is expected to garner $241 billion by 2022. The advancements in consumer electronic products, growing usage of sensors in many consumer electronics, technological evolution of the automation industry, demand for technologically advanced wearables, and the growing adoption of the Internet of Things (IoT) are some factors that have significantly impacted the rise of the sensor market.
Based on a report published by the Whittaker Associates, Technological advances in electronic control systems, decreasing cost expectations, miniaturisation, and improved communication capabilities is expected to drive remarkable growth across all segments of the sensors market in the foreseeable future.
Many of the sensor manufacturing plants in Sri Lanka have been established by pioneers of the global sensor manufacturing industry from Europe or have been established in collaboration or in partnership with global giants of the industry. While catering to the traditional requirements, the sector is geared in talent, technology and know-how geared to be industry 4.0 enabled. Design and manufacture of OEM sensors and transducers for the measurement of force, load and torque serving the aviation/aerospace industry, Process Automation Products, Pneumatic Equipment, Industrial sensors, Motion controllers, Drive solutions, Geared Motors are few other products and services in the Sri Lankan sensor manufacturing and export portfolio. A relatively new player in the high precision sensor industry, the objective of the Sri Lankan sector is to provide the customers with high-quality, customizable solutions that will prove economical in the long term. Equipped with significant technological advantage and expertise the boasts of increasing export revenues and new business. Having partnered with major global players of the industry, the sector provides the customers with a significant advantage of benefitting from the worldwide network of business officers, representatives, production lines and subsidiaries, accessible at the customer’s convenience. Sri Lanka strives to provide the most optimised solution to all sensor related requirements to her clients around the world.
Sri Lankan Electrical and Electronics industry is in a constant state of research and development in order to provide the best quality products suiting the standards of the global market. The wide variety of products and exporters cover every aspect of the industry
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