Autoliv CEO president and chairman Jan Carlson told Deutsche Bank’s Global Auto Industry Conference in Detroit active safety revenues in 2014 reached around US$490m, essentially reaching the $0.5bn target a year ahead of the plan established in late 2011.
Future products will continue with sensing products but will additionally include highly automated system integration capabilities needed for future cars.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“Autoliv intends to be one of the leading system suppliers in active safety moving toward autonomous driving,” he said.
The company is continuously building its electronics business and capabilities, and now targets to reach $2bn in sales for 2019 in its new electronics business segment which became operational on 1 January, of which around $1bn will be active safety sales. The electronics business segment includes passive safety electronics and active safety.
Related to the current airbag quality issues with another supplier, Autoliv has agreements with several different OEMs for new supply capacity of up to 25m airbag inflators for delivery during 2015 and 2016 and is in discussions for the supply of millions of additional units. Autoliv is expanding its capacity and capabilities to meet this demand as rapidly as possible.
