VTI Technologies Once Again Posts Record Sales
VTI Technologies, a leading manufacturer of 3D MEMS sensors, has once again posted record sales. VTI’s turnover grew by 18 percent to EUR 89.3 million in 2011 (EUR 75.8 million in 2010).
“VTI had its strongest year to date in 2011 in terms of turnover. We achieved record high sales primarily due to the strong demand in automotive and customized products. VTI’s sensors were selected for several major customer projects, and especially in medical applications demand continued strong throughout the year,” says Mr. Markku Hirvonen, President and CEO of VTI Technologies.
According to research company IHS, the market for MEMS components climbed to USD 7.97 billion in 2011. Demand for MEMS products continued to grow in the automotive industry. In addition to car production volumes, key growth drivers for VTI included the widespread adoption of vehicle stability control systems and VTI’s expanding product offering. Vehicle stability control systems are becoming mandatory in all of VTI’s main market areas, and VTI is simultaneously expanding its product offering to cover both acceleration and angular rate measurement.
The strong demand for healthcare applications also continued in 2011. MEMS applications in healthcare devices are expected to increase substantially over the next few years due to aging populations and increasing healthcare costs.
Consumer electronics continue to be the fastest growing MEMS market. The use of MEMS based sensors — angular rate sensors or gyroscopes in particular — in consumer electronics products is expanding, and the segment’s market potential has grown significantly. In 2011 VTI began volume production of the 3-axis angular rate sensor for consumer products that was introduced in the previous year, and work began on developing the next generation of this product.
VTI Technologies in Brief
VTI Technologies Oy is a leading supplier of acceleration, inclination and angular motion sensor solutions for transportation, medical, instrument and consumer electronics applications. In their end-use applications, VTI’s products improve safety and quality of life. The silicon-based capacitive sensors are based on the company’s proprietary 3D MEMS (Micro Electro-Mechanical System) technology. VTI was acquired by Murata on 30 January 2012. For more information, please visit www.vtitechnologies.com, for financial statement 2011 please visit this page.
Murata Manufacturing in Brief
Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. With annual revenues of ¥618 billion (~€6.1B EUR or $7.9B USD), Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, please visit www.murata.com.
For more information
Markku Hirvonen, President and CEO, VTI Technologies Oy, Tel. +358 (0)9 879 1