Automotive mems sensor market to reach record high in 2010?
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Driven by the rapid recovery in automotive production and inventory rebuilding among sensor component suppliers, the market for automotive microelectromechanical system (mems) sensors will expand to record size in 2010, according to market research firm iSuppli.
The analyst forecasts that shipments of automotive mems sensors will reach 662.3million units in 2010, up 32.1% from 501.2million units in 2009. The projected year end levels - including the replenishment of inventory pipelines that were depleted during the recession of 2009 - will exceed even the pre-crisis high point in 2007 of 640million sensors, iSuppli data research shows.
"The recovery in automotive mems shipments represents a happy turnaround from the depressed levels of 2009 when shipments cratered and reached a nadir, and the years ahead will provide additional room for expansion," said Richard Dixon, senior analyst for mems and sensors at iSuppli.
Nonetheless, Dixon forecasts that growth will slow in 2011, with shipments anticipated to climb just 7.3% as the market normalises following the exuberance in 2010. Production then will pick up again in 2012, and growth rates end up north of 13% by 2014.
