News Highlights: Connecticut companies see sensors as breakthrough technology
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WALLINGFORD, Connecticut (Hartford Business Journal) – When the Wallingford-based Amphenol Corp. announced plans last month to acquire sensor technology company MTS Systems Corp. To acquire for $ 1.7 billion, the price tag was eyebrow-raising, but the strategy made sense.
“For years we have seen more and more of our interconnect products being combined with some sort of sensor,” said R. Adam Norwitt, CEO of Amphenol, which makes electrical, electronic and fiber optic connectors, cables and interconnects. systems for telecommunications, aerospace and other industries. “We really see demand for sensors growing in all the markets we focus on.”
Norwitt isn’t alone in seeing growth opportunities in sensor technology, which is expected to grow to a $ 287 billion industry globally by 2025, according to Allied Market Research.
From Fortune 500 companies to small startups, …
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