The Knowledge Base: The Impact of Harsh Environments on Residue Tolerance
Standard of Excellence: Hiring for Quality Positions in Manufacturing, Engineering, and Management
Global Citizenship: What I’ve Learned About the American PCB Business
IMI Reports Revenues of $814.4M in 2015
April 8, 2016 | IMIEstimated reading time: 6 minutes
IMI’s Advanced Manufacturing Engineering Group (AME) in Tustin, California has focused on developing medical electronic products like implantable nerve stimulator and watch that monitors the heartrate, hydration and glucose levels.
The company’s Automation Group continues to expand and has recently established a group in IMI China to focus on developing fully automated production lines as well as smaller cost-effective automation systems to help drive internal cost reduction efforts.
IMI’s Test and Systems Development Group (TSD) is specializing in the integration of multi-function test and precision mechatronics in the development of automated backend equipment.
Forward where the future takes IMI
Tan said that the global trends continue to move favorably in the company’s direction.
He said, “Major economies US, China, Germany, France, Japan, and ASEAN—continue to expand albeit either slowing down or posting minimal growth. While the Chinese economy is slowing down, bold reforms by the Chinese government are being implemented. Thus the economic weakness will probably be short-lived.”
“The huge population of Asia today and its expanding middle class augur well for premium goods such as high technology products. It is estimated that the middle class population in Asia will balloon to 3 billion by 2030. This will account for about 80 percent of the global middle class.” added Tan.
According to IHS, with the increasing global vehicle production, rise of hybrids and electric cars, and innovation in automotive systems, it is expected that the 40 percent share of electronics of the total cost of a car will increase as the car faces technology disruptions.
IndustryARC predicts that the advanced driver assistance systems (ADAS) will grow at a compounded annual growth rate of 14.9 percent to reach $78 billion in 2020.
The automotive camera is becoming more central in the development and fusion of functions in ADAS, driven by safety regulations in the US and Europe. Its market value is estimated to increase from $10 billion in 2015 to $17 billion by 2020, with a CAGR 11 percent according to IHS.
Tan said, “We are looking very closely within our markets and adjacent markets to identify particular areas that have the highest growth potential. We are considering new opportunities and territories that we can venture to, leveraging on our experience, expertise, and networks. The good news for us is there are our growth opportunities and pockets of high growth in each of our businesses.”
“We will continue to innovate to capture automotive opportunities, grow medical and industrial businesses, and evaluate aerospace opportunities. We will implement more vertical integration in support of increasing box build business and enhancing value creation,” added Tan.
About IMI
Integrated Micro-Electronics Inc. (IMI), a subsidiary of Ayala Corporation, ranks 18th on the latest list of Manufacturing Market Insider for the top 50 electronics manufacturing services (EMS) providers in the world based on 2014 EMS-related revenues. In the automotive segment, it is the 7th largest EMS provider in the world per New Venture Research. IMI specializes in durable electronics for long-product life cycle segments such as automotive and industrial electronics. For the automotive segment, IMI delivers customized solutions for safety and security, among others. It supplies cameras that are integral technology to the advanced driver assistance systems (ADAS). For the industrial segment, it manufactures security and access control devices, power modules, and building automation, among others. From its manufacturing plants in the United States, Mexico, Bulgaria, Czech Republic, China, and the Philippines, IMI provides engineering, manufacturing, and support and fulfillment capabilities to diverse industries globally. For more information, click here.
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