Methode Electronics Inc.

Company Snapshot

Founded: 1946
Entity Type: Public
Employees: 7,500
Region: North America
Revenue: $1,114.5 Millions
Revenue Year: 2023
Headquarter: Illinois, U.S.
Key Geographics: North America, Europe Middle East and Africa, Asia
Corporate Address: 8750 West Bryn Mawr Avenue, Suite 1000 Chicago, Illinois, 60631-3518 U.S. Tel. +1-708-867-6777 www.methode.com

Company Overview

Founded in 1946, Methode Electronics Inc. is engaged in the design, manufacture and marketing of components and subsystem devices on a global basis. Its automotive segment provides electronic and electromechanical devices and related products to automobile original equipment manufacturers. Its products include control switches for electrical power and signals, connectors for electrical devices, integrated control components, switches and sensors that monitor the operation or status of a component or system, and packaging electrical components.

The company’s Interconnect segment offers copper and fiber-optic interconnect and interface solutions for the aerospace, appliance, commercial, computer, construction, consumer, material handling, medical, military, mining, networking, storage and telecommunications markets. Its solutions include conductive polymers, connectors, custom cable assemblies, industrial safety radio remote controls, optical and copper transceivers, personal computer and express card packaging and terminators, solid-state field effect interface panels and thick-film inks; and services include the design and installation of fiber-optic and copper infrastructure systems, as well as the manufacturing of active and passive optical components.

The Power Products segment manufactures braided flexible cables, current-carrying laminated bus devices, custom power-product assemblies, high-current/low-voltage flexible power cabling systems and powder-coated bus bars for aerospace, computers, industrial and power conversion, inverters and battery systems, insulated gate bipolar transistor solutions, military, telecommunications and transportation markets.

Methode Electronics Inc.’s Other segment designs and manufactures magnetic torque-sensing products. It operates independent laboratories that provide services for qualification testing and certification and analysis of electronic and optical components.

Financial Highlights (FY 2023)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

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Methode Electronics Inc. In Reports

Sensors: Technologies and Global Markets

Global market for sensors is estimated to grow from $156.6 billion in 2021 to reach $249.6 billion by 2026 at a CAGR of 9.8% during the forecast period of 2021-26.

Global Markets for Automotive Sensor Technologies

Analyses of global market trends with data from 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2026.

Sensors for Robotics: Technologies and Global Markets

The global market for robotic sensors should grow from $668.2 million in 2020 to $1.0 billion by 2025, at a compound annual growth rate (CAGR) of 9.4% for the period of 2019-2025.

Company's Business Segments

  • Automotive : Integrated Overhead and Center Consoles, Hidden and Ergonomic Switches, Transmission lead-frames, Insert Molded Components, LED-based Lighting, Sensors
  • Industrial : Exterior and Interior Lighting solutions, Industrial Safety Radio Remote Controls, Braided Flexible Cables, Current-carrying Laminated Busbars and Devices, Custom power-product Assemblies
  • Interface : Copper Transceivers, Distribution Point Units, Solid-state Field-effect Consumer Touch Panels
  • Medical : Dabir Surfaces, Others

Applications/End User Industries

  • Aerospace
  • Power Conversion
  • Commercial Vehicles
  • Military
  • Broadband
  • Healthcare
  • Data Centers
  • Telecommunication
  • Industrial Equipment
  • Transportation