Recently published IHS iSuppli Automotive MEMS Market Tracker report has ranked Sensata Technologies, a provider of sensors and controls, as a top 10 global automotive microelectromechanical systems (MEMS) supplier for the year 2011.
Sensata Technologies was placed in the fifth position on the list, with $190 million in revenues related to MEMS. IHS reported that total revenue for automotive MEMS sensors in 2011 was $2.24 billion, a 14% increase from the 2010 value of $1.96 billion. With 24% annual growth rate, Sensata Technologies achieved the second highest growth rate in the Top 10 list.
In total, the top 10 companies represent 91% of this emerging market. Sensata Technologies focuses on MEMS production on force and pressure sensors and is the number one company in the world in high-pressure applications such as cylinder pressure, common fuel rail, and brake sensing, utilizing its silicon piezoresistive sensors. The company also provides low pressure, bulk micromachined piezoresistive MEMS for difficult exhaust gas applications utilized for emissions control.
HIS’ Principal Analyst for MEMS & sensors, Richard Dixon informed that the growth rate of the automotive MEMS sensors and actuators market is 7.7% between 2011 and 2016 and safety mandates such as tire pressure monitoring and electronic stability control in key global automotive markets are the major driving factors. This drives Sensata and other firms operating in these markets to grow at a rate more than average.
Karl Abrahamson, Business Development Director at Sensata Technologies, stated that fuel efficiency, governmental safety and emission regulations are the driving factors that trigger growth in both mature and emerging markets.
Source: http://www.sensata.com/