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Methode Sensor Technologies

Company Profile Analysis

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Methode Sensor Technologies - Automotive showcase

Year Founded & Workforce

1946

4,566 Employees

Industry

AutomotiveB2BB2C

Services

Park-Lock Actuator
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Methode Sensor Technologies Overview

Company Headquarters: Chicago, U.S.

Founded: 1946

Workforce: ~4,566

Company Working: Methode Sensor Technologies (Methode) is part of Methode Electronics company and is focused on the design and development of core sensor solutions for a global automotive and industrial customer. The company is involved in manufacturing sensors in the millions across 7 production facilities worldwide. It is continuously investing in advanced development and manufacturing capabilities to provide its global customers with the modern technologies and best-in-class quality.​ Methode utilizes its highly vertically integrated best-in-class manufacturing capabilities to produce its designs.

Strategy

Methode Sensor Technologies is focused on expanding its business in emerging markets to increase its revenue and overall market share. It is also working in developing new products, especially those requiring high technological innovation levels. Furthermore, the company is aiming on increasing its productivity and output through partnerships with tech giants and small and medium-sized organizations.

Company Snapshot

4,566

Employees

1946

Founded

Chicago, U.S.

Headquarters

SWOT Analysis

Strengths

  • Leading developer of custom-engineered and application-specific products
  • Excellent customer services

Weaknesses

  • Gaps in the product range

Opportunities

  • Economy and the sales markets are developing better than anticipated
  • Increasing number of contracts and partnerships in other markets

Threats

  • Non-compliance of products in the context of product safety and new regulations

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Product Offering

  • Methode Sensor Technologies
    • Park-Lock Actuator

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