Why the Condition College, PA space is a sensor technologies warm location

Why the Condition College, PA space is a sensor technologies warm location

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You don’t notice them, but they’re always there — measuring, monitoring, helping you live a safer, more convenient life. Sensors have become widely used in manufacturing and are now commonplace in homes and personal items, from smartphones to cars to smart-home devices like robot vacuums, lights, thermostats, cameras and more. Sensors now track human health data, just like they track the health data of heavy equipment and machinery in factories.

In Happy Valley, sensors play a role in our research and business ecosystem, with extensive sensor research taking place at Penn State and several established sensor companies growing or starting up in the area.

Here’s why some local experts believe Happy Valley has an affinity for sensor technology and how they see them changing the world for the better.

Why Happy Valley is a sensor technology hot spot

For KCF Technologies, the “why” behind the company’s Happy Valley headquarters is clear. This is where the company got its start and there were never plans to grow anywhere else.

As Sean Buda, vice president of marketing, explained, KCF Technologies came out of Penn State research more than two decades ago. At that time, the company’s three founders, all Penn State researchers, including current CEO Jeremy Frank, were working on wireless vibration sensors for various government agencies.

As the sensors proved applicable in a broad range of applications, KCF’s reach expanded to more industries. As the company grew, it relied on adding more Penn State talent.

“When I started with KCF two-and-a-half years ago, I would say at least 70% of our company was from Penn State. Now, that continues to diversify, coming out of [the COVID-19 pandemic], as we become more of a global player,” Buda noted. “We’re operating on six different continents, with over 600 manufacturing locations, as we scale our business.”

Still, its global reach doesn’t tempt KCF to relocate. The company is deeply embedded in the Penn State community, through athletics sponsorships, internship programs and high quality of life for its employees. Buda has an optimistic outlook on continuing to grow as a global business from central Pennsylvania.

“Every June, we hold an industry-wide manufacturing event in Happy Valley and, last year, we had 250 people attend from around the world,” he said. “State College is becoming an easier place to do business, with some great venues… If we were to do this… 10 years ago, it wouldn’t have been quite as easy.”

Another sensor innovator with a strong Penn State connection is Larry Cheng, Professor of Engineering Science and Mechanics at Penn State. We’ve covered Dr. Cheng’s research many times in the past, including his work on wearable sensors that could change health care for good.

Cheng credits Penn State’s unique interdisciplinary approach to research in aiding him

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World wide Telematics & Car or truck Electronics Market Study Report (2021 to 2026) – by Service provider, Vertical and Location

World wide Telematics & Car or truck Electronics Market Study Report (2021 to 2026) – by Service provider, Vertical and Location

DUBLIN, December 21, 2021–(Organization WIRE)–The “Telematics & Motor vehicle Electronics Market Study Report by Company (Aftermarket and OEM), by Vertical (Development, Education, and Governing administration), by Area (Americas, Asia-Pacific, and Europe, Middle East & Africa) – World-wide Forecast to 2026 – Cumulative Influence of COVID-19” report has been added to ResearchAndMarkets.com’s supplying.

The Worldwide Telematics & Automobile Electronics Market dimension was approximated at USD 491.29 billion in 2020 and anticipated to achieve USD 525.14 billion in 2021, at a CAGR of 7.22% to access USD 746.78 billion by 2026.

Aggressive Strategic Window:

The Aggressive Strategic Window analyses the aggressive landscape in phrases of marketplaces, purposes, and geographies to enable the seller outline an alignment or in good shape in between their capabilities and opportunities for upcoming progress prospective clients. It describes the ideal or favorable in good shape for the distributors to undertake successive merger and acquisition approaches, geography expansion, exploration & advancement, and new solution introduction methods to execute even more business enterprise expansion and progress during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the suppliers in the Telematics & Motor vehicle Electronics Market place primarily based on Organization Approach (Business enterprise Progress, Sector Coverage, Fiscal Viability, and Channel Aid) and Merchandise Gratification (Benefit for Revenue, Simplicity of Use, Item Functions, and Shopper Guidance) that aids businesses in greater conclusion building and understanding the competitive landscape.

Industry Share Evaluation:

The Marketplace Share Investigation presents the investigation of vendors thinking of their contribution to the over-all market place. It supplies the plan of its profits technology into the over-all marketplace in comparison to other sellers in the space. It provides insights into how distributors are undertaking in conditions of revenue technology and customer base as opposed to other folks. Realizing industry share gives an notion of the sizing and competitiveness of the vendors for the base yr. It reveals the market attributes in phrases of accumulation, fragmentation, dominance, and amalgamation qualities.

The report gives insights on the adhering to ideas:

1. Market Penetration: Delivers in depth facts on the industry presented by the key gamers

2. Marketplace Advancement: Delivers in-depth info about lucrative emerging marketplaces and examine penetration throughout experienced segments of the marketplaces

3. Industry Diversification: Supplies in depth details about new item launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive evaluation of marketplace shares, strategies, items, certification, regulatory approvals, patent landscape, and manufacturing abilities of the major players

5. Product Progress & Innovation: Gives clever insights on upcoming technologies, R&D activities, and breakthrough product developments

The report responses issues such as:

1. What is the marketplace dimensions and forecast of the International Telematics & Motor vehicle Electronics Market?

2. What are the inhibiting aspects and effects of COVID-19 shaping the Global Telematics & Car or truck Electronics Marketplace throughout the forecast period of time?

3. Which are the products and solutions/segments/apps/parts to invest in above the forecast time period

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