The South Korean government has announced that it will make KRW 186.5 billion ($ 160 million) available in grants to local businesses and research institutes such as universities to help advance the health care industry. country sensors.
The Ministry of Commerce, Industry and Energy said it will make the funds available from next year until 2028, with the aim of encouraging the development of new technologies for the sensors. used in a wide range of products, including automobiles and mobile devices.
This is the government’s latest effort to promote advanced technology development under its “Digital New Deal” program, which targets investments of up to KRW 58,000,000 in technologies such as infrastructure. network and artificial intelligence.
The ministry said in a statement that “sensors are expected to play a bigger role as part of the Fourth Industrial Revolution and the growth of the contactless economy.” It aims to ensure the local availability of key technologies for new generation sensors.
The government has said it expects global sales of sensors to increase tenfold between 2020 and 2024, from around 100 billion to 1,000 billion units per year. He predicts global sales will reach $ 333 billion by 2025.