Electronics industry supply chain management expert Sifang Wei Company and China Sensor and Internet of Things Industry Alliance will hold a joint conference on strategic cooperation during the Munich Shanghai Electronics Fair on July 11, 2023, and both sides will use their superior resources to jointly assist Chinese sensor and Internet of Things application enterprises to accelerate the process of digitalization, commercialization and globalization. Strengthen the construction of the sensor supply chain system, promote industrial integration and supply and demand docking, accelerate technological innovation, and explore the global market.

According to the statistics of the Ministry of Industry and Information Technology, the market size of the global sensor industry will reach about 1.55 trillion yuan in 2023, of which China’s sensor market size can reach 380 billion yuan. Industrial, medical, automotive, communications, consumer electronics and many other intelligent application scenarios, making sensor companies in the cusp of the storm, facing huge opportunities for enterprise development. However, because the industry itself and the fragmentation of application scenarios are very serious, there are also extremely difficult challenges in front of the local sensor industry. How to effectively use digital means to help sensor companies and application markets establish efficient connections and the transformation of supply and demand will become an important issue for the rapid development of the industry.

To this end, with their unique positions in the global electronic components industry and superior resources in the sensor field, Sifang and China Sensor and Internet of Things Industry Alliance have reached a strategic cooperation to jointly empower the local sensor industry and provide comprehensive solutions at different levels in the fields of industrial insight, supply and demand docking, new application expansion and supply chain digital intelligence management.

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In the future, the two sides will work together to build a complete global sensor supply chain system. Open up domestic and foreign product databases, establish a sensor classification system, build a convenient and efficient sensor intelligent selection platform, help the globalization process of domestic sensor enterprises, enhance versatility and security, promote the sensor industry chain upstream and downstream interoperability cooperation, expand the Internet of Things application scenarios, Remove the obstacles of “incomplete information”, “poor communication” and “no trading door” in the process of enterprise digitalization, marketization and commercialization, so that excellent Chinese sensor companies can truly enter the global vision, expand the ecosystem construction in the field of sensors and Internet of things, and accelerate the technological innovation and market integration of the local sensor industry.

Zhu Jiaqi, deputy secretary-general of the Alliance, said, “The alliance is committed to opening up the path of industry-university-research cooperation, accelerating the research and development of core technologies such as sensors, intelligent hardware, and Internet of Things applications, establishing a sound sensor industry chain and promoting the great development of sensor applications. We believe that through this strategic cooperation, we have the opportunity to participate in the construction of the world’s largest online electronic supply chain system, through the establishment of the sensor exclusive classification catalog, to help enterprises on the supply and demand platform to accurately find cooperation opportunities, seamless docking of global industries, jointly establish a complete sensor supply chain, accelerate industrial technology innovation, expand the construction of the ecosystem, Thus entering the era of “trillion sensors.”

Hong Zilun, General manager of Siwei Asia Pacific, said, “We have been thinking about how Siwei can build a bridge for China’s sensing industry and make it easier and more timely for global manufacturers to recognize Chinese sensor companies and their excellent products. We believe that Sifang’s industrial information service platform, global component query network and digital supply chain management tools can complement the advantages of the China Sensor and Internet of Things Industry Alliance, and complete this systematic task of multi-investment and multi-benefit under the leadership of the common goal.”

As an important participant in this cooperation, Yang Jun, general manager of Sensor Expert network, believes that the vision of Sensor Expert network is to help the sensor industry take off, and hopes that through the cooperation of Sifang Wei Company and China Sensor and Internet of Things industry Alliance, Chinese sensor enterprises can be brought into a broader international market and effectively link with customers in the global market. To promote the high-quality development of the sensor industry is not only the original intention of the sensor expert network, but also the mission of the sensor expert network. This strategic cooperation is not only a breakthrough in the domestic sensor field, but also an opportunity for Chinese sensors to integrate into the sensor world stage, and I believe it will inject acceleration into the high-quality development of China’s sensor industry.”