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Largest Capacitor Manufacturer To Change For Electric Vehicle Market Share
Evolutionary processes in the automotive market are attracting even companies that were previously far from this to create components for electric vehicles. Murata is the largest capacitor manufacturer in the world, and while the automotive segment provides 17% of its revenues, the company is opening up completely new prospects in the light of the transition to electric vehicles.
Image Source: Nikkei Asian Review
The Nikkei Asian Review interviewed Murata President Norio Nakajima, who took over the company in June this year, becoming the first director in the company’s seventy-year history not related to the family of its founder.
The telecom segment, including the smartphone market, now provides Murata with 52 percent of revenues, but the planned strengthening of the automotive business should not affect the company’s product prospects for the smartphone market. According to forecasts of the Murata management, in the next three years, the development of 5G infrastructure will be built around smartphones, but in the future, the transport sector and industrial application of the corresponding communication networks will begin to increase in importance. Murata expects to become a significant player in the electric vehicle component market, for which it is already acquiring corresponding assets both in Japan and abroad.
The regions of Murata’s presence in Japan itself have historically been removed from the places where automobiles are manufactured and developed. This forced Murata to build an eighteen-story research center in Tokyo, capable of employing 1,850 specialists. It is located just two blocks from the Nissan Motor headquarters, and this is the automaker Murata considers to be its most promising customer in the electric car business. At least Toyota and Honda so far prefer to produce either hybrids or cars on fuel hydrogen cells, and Nissan is mass-producing one of the most popular electric vehicles in the world – the Leaf.
Murata is currently supplying carmakers with inertial and airbag sensors, but as EVs expand, it will expand the range of components on offer. In Japan and China, the sale of new cars without traction motors in one combination or another will be banned by 2035, in the UK this will happen already in 2030. The Japanese company Murata expects to transform its business in such a way as not to be left behind by technological progress.