In the environment of the sensor industry, “reliability and cost” has been arising as the most important keywords. Furthermore, the indoor environmental monitoring industry is expected to grow by 8.8% regarding common annual growth rates. Building automation, healthcare& life science, smart home, transportation, security and public safety and more is getting more relevance in this industry. Therefore, we can foresee explosive demand on smart sensors. Sales of sensors for livelihood environments are expected to rise faster than ever. Then who becomes the big player here, create the value, and make the profit? Here comes Korean Startup EXSEN with its own innovative technology.
What they do
Exsen is a company that provides ceramic sensor technology to various livelihood and safety field such as smart home appliances, vehicles, healthcare etc. Differentiated from the conventional technology, Exsen uses a ceramic gas sensor. This technology is reliable, cost-effective, easy to use, and even expandable to different industries. In addition, by using solid state power, they developed the independent gas sensor package.
They also have their own cell manufacturing process that it has maximized its own production efficiency. Furthermore, with mass production experience and know-how about chemicals, the cost competitiveness it has is amazing. This competitive advantage they have is contributing to its high profitability.
Exsen is expanding its position in the value chain to a higher level. As the technology is applicable to many different industries, it is creating huge value. Based on ceramic IAQ sensor, it provides IAQ solution (CO2, tVOC, PM, Flow) and with HVAC system it is expanding applicable area horizontally. Starting from year 1, now in year 3, the growth rate is now over 1500%. See the potential Exsen has. It is leading a new blue ocean with its own unique technology.