And that requires moving up the value chain while engaging with customers to help drive the productivity increases promised by IoT/Industry 4.0, according to Mark Mass, senior manager for innovation platforms at TE Connectivity. It may even mean getting involved in data collection and analysis services he told eeNews Europe, taking a position similar to some executives in the MEMS component sector (see MEMS sector faces a fight to provide value and Not enough money in MEMS, own the data, says InvenSense CEO).
TE Connectivity is a $12 billion annual revenue company that was known up until March 2011 as Tyco Electronics. Tyco, in turn, was well known as a major connector industry consolidator that had acquired AMP, Raychem, Thomas & Betts, Deutsch and numerous other connector manufacturers to become the clear leader in the connector market. The company had connector sales of $9.27 billion in 2014 and took a 16.7 percent share of the $55.4 billion connector market, according to Bishop & Associates Inc.
But Maas said that TE Connectivity is much more than a connector supplier. Even in the days of the Tyco brand acquisitions ranged across the value chain from components, including sensors, through sector-specific modules and PCBs to instrumentation. TE has more than 500,000 products that it sells into automotive, industrial equipment, data communication systems, aerospace, defense, oil and gas, consumer electronics, energy and subsea communications.