China's sensor technology is one of the core application products of Internet of Things with a huge development potential. The gross sales of enterprises above designated size hit 47.5 billion ($6.85 billion) at the end of 2017, up 10.02 percent year-on-year, and is expected to bring in an estimated profit between $2,700 billion and $6,200 billion by 2025.
Mainly producing products on a small scale, China's sensor manufacturing industries currently lack funds and technology, concentrating on the low-end market and chasing low prices, while high-end products are monopolized by leading and overseas-funded enterprises, with a keener focus on technological competition.
Nevertheless China's sensor manufacturing industries are developing, with local enterprises being encouraged to speed up the progress of research, development and independent innovation. The 20th China Hi-Tech Fair (CHTF 2018) on Nov 15 will provide a platform to showcase the latest technologies and innovative products.
Hypersen Technologies Company, founded in 2015, is a venture company aiming to establish a first-class sensor brand with high-end intelligence. Made up of excellent scientific research talents, a mix of overseas returnees and domestic top technical engineers, the core team is expected to offer customers high-performance sensor products and professional technical services.
Doctor Wang Bo'an, CEO of Hypersen Technologies Company