Description
This study focuses on competitive benchmarking of the Tier I suppliers in the connected car market who traditionally followed a product-based business model and whose vision and targets centered on manufacturing hardware solutions for OEMs. However, the digital disruption in the automotive industry has made Tier I suppliers reconsider their approach.
Connected car solutions offer new opportunities for Tier I suppliers and have the potential to evolve into a primary revenue source for Tier I suppliers.
Frost & Sullivan evaluated the strengths and capabilities of Tier I suppliers active in the global connected car market landscape and selected the ten major companies to watch out for: Aptiv, Bosch, Continental, Denso, Faurecia, Harman, Lear Corporation, MELCO, Panasonic, and Visteon. These companies have been identified for their commendable performance in developing connected car solutions and for capitalizing on the positive trends impacting the market. They can be broadly categorized into 3 groups:
• The first group comprises all companies that score very high on both the growth and innovation indices and are well-known industry leaders
with a history of being at the forefront of innovation.
• The second group has companies scoring high on innovation but delivering lower growth and they appear on the bottom right of the Frost
Radar™. They are on the brink of witnessing higher growth due to a significant focus on innovation. These include known leaders as well as
relative newcomers.
• The third group comprises companies implementing some level of innovation that results in growth but not to the level seen in the other
groups.
The Frost Radar™ reveals the market positioning of companies in an industry using their growth and innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.
Industry leaders on both the growth and innovation indices are recognized as best practice recipients.
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