Bosch says it has seen a surge in demand from OEMs for radar systems and video sensors as fitment of advanced driver assistance systems (ADAS) continues to rise.
The company says it expects sales of radar systems to rise by 60% this year; video sensor products are forecast to grow by 60%.
Go deeper with GlobalData
Bosch also forecasts that sales at its mobility solutions division, which makes sophisticated safety systems as well as autonomous car components, will grow around 7% this year, nearly three times as fast as global automotive production.
Last year, the mobility solutions division – which employs 227,000 staff – made EUR43.9bn in sales.
"We are growing faster than the market and, as an automotive systems supplier, will remain a strong and above all innovative partner of the automotive industry. Moreover, we are evolving into a provider of services for every road user," says Dr. Rolf Bulander, Bosch board member and chairman of the Mobility Solutions business sector.
Bosch also says it will be reinforcing the Mobility Solutions business sector's research and development efforts over the course of the year. By the end of 2017, the business sector will employ 48,000 R&D associates, roughly 4,000 more than at the start of the year.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
