Lear is to rename its Electrical business segment as E-Systems, which it maintains is to reflect increasing complexity of automotive electrical systems and the supplier’s expanded electrical architecture and vehicle connectivity capabilities.
Lear’s E-Systems portfolio consists of wire harnesses, terminals & connectors, complex electronic modules, power converters and inverters, battery chargers, 48-volt systems, wireless capabilities, software, cybersecurity, lighting modules and audio components.
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The component maker recently acquired Arada Systems and intellectual property and technology from Autonet Mobile, adding software and hardware capabilities, which securely connect vehicle electrical systems to networks and devices outside the vehicle.
With these enhanced capabilities, Lear now has the ability to process signals and data both within the vehicle and outside the vehicle.
“Lear has a long-history of providing industry-leading automotive electrical distribution systems,” said Lear president and CEO, Matt Simoncini.
“Today, we are positioned with electrical architecture expertise and signal and data management capabilities, including connected gateways, wireless capabilities and related software and hardware.
“With 21 first-to-market innovations in the last four years and over 600 software engineers globally, we are positioned to capitalise on the mega-trend of vehicle connectivity.
“With our electrical systems portfolio and a global low-cost footprint, we expect to be able to grow our E-Systems business at an annual rate of five percentage points above market growth over the next five to seven years.”
