By Kalwinder KaurJun 22 2012
According to a recently issued IHS iSuppli Automotive microelectromechanical systems (MEMS) Market Tracker report, Sensata Technologies, which is a worldwide supplier of controls and sensors, has been listed in the 2011 Top 10 supplier of automotive MEMS. The company has been ranked fifth on the top 10 list with revenues of $190 million.
The total 2011 revenue for automotive MEMS sensors reached $2.24 billion from $1.96 billion which is an increase of 14% according to IHS. The company’s annual growth rate is 24%, which is rated as the second highest in the top 10 list.
Richard Dixon, Principal Analyst of MEMS & sensors at IHS, stated that the global market for automotive MEMS sensors as well as for actuators has been increasing at a rate of 7.7% between the period from 2011 to 2016, and is mainly driven by safety mandates such as tire pressure monitoring and electronic stability control in key global automotive markets, thus Sensata and other companies operating in these markets have been growing at above average rates.
The company is placed first in high-pressure applications that include common fuel rail, brake and cylinder pressure sensing. The company also specializes in low pressure, bulk micromachined piezoresistive MEMS for complex exhaust gas applications that are used for emissions control.
Karl Abrahamson, Business Development Director at Sensata, stated that fuel efficiency, emission regulations and governmental safety are the factors responsible for growth in mature and emerging markets.
Source: http://www.sensata.com/
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