Friday, July 4, 2025
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result
LG ranks second in telematics control unit market in 2020, Auto News, ET Auto

LG ranks second in telematics control unit market in 2020, Auto News, ET Auto

by admin
January 30, 2021
in Auto News
0 0
0
Share on FacebookShare on Twitter


LG's 2020 market share was down from a 24.5 percent share in 2018, when it topped the global TCU sector after beating Continental with an 18 per cent share, reports Yonhap news agency.
LG’s 2020 market share was down from a 24.5 p.c share in 2018, when it topped the worldwide TCU sector after beating Continental with an 18 per cent share, stories Yonhap information company.

Seoul: LG Electronics was the world’s second-largest provider of telematics management items (TCU) final 12 months, a report confirmed, because the South Korean tech large eyes to broaden its presence within the fast-growing automotive system market.

LG Electronics accounted for 18.4 per cent of the worldwide TCU shipments in 2020, to rank second behind Continental AG with a 20.3 p.c market share, based on market researcher Counterpoint Analysis.

TCU is an embedded onboard system within the automobile that powers telecommunications providers. It’s a necessary merchandise in connected-car providers, permitting drivers to get real-time info associated to their autos.

LG’s 2020 market share was down from a 24.5 p.c share in 2018, when it topped the worldwide TCU sector after beating Continental with an 18 per cent share, stories Yonhap information company.

“LG’s market share is declining resulting from its heavy dependence on Common Motors (GM), which has reached a saturation level by way of TCU penetration,” stated Aman Madhok, a senior analyst at Counterpoint Analysis.

“Throughout the previous couple of years, Continental has overtaken LG by way of market share resulting from new contracts and the rising penetration of TCUs in mass-produced autos.”

Harman Worldwide, owned by Samsung Electronics, got here in third with a market share of 13.3 per cent in 2020, adopted by Germany’s Robert Bosch GmbH with 8.3 per cent and Japan’s Denso Corp. with 7.8 per cent.

Counterpoint Analysis stated that the worldwide TCU market is predicted to develop a compound annual development price (CAGR) of 14.4 per cent throughout the 2020-2025 interval, with the market worth exceeding $6.3 billion in 2025.

One in 4 TCUs shipped in 2025 will probably be 5G-powered. Continental, LG and Harman had been anticipated to stay as the highest three suppliers within the 5G TCU market as properly, it added.

“Falling costs of 5G TCUs will allow their adoption in mid-price automobiles, with automakers like GM, Ford and Volkswagen main 5G connectivity by 2025,” Counterpoint Analysis stated.





Source link

Tags: AutoControlMarketNewsranksTelematicsUnit

Related Posts

Andy Palmer: India’s Auto Industry at a Crossroads
Auto News

Andy Palmer: India’s Auto Industry at a Crossroads

July 4, 2025
Slovakian production confirmed for Polestar 7
Auto News

Slovakian production confirmed for Polestar 7

July 4, 2025
2025 Hyundai Tucson facelift launched in Malaysia – 2.0L NA, 1.6T, 1.6T hybrid, RM143,888 to RM197,888
Auto News

2025 Hyundai Tucson facelift launched in Malaysia – 2.0L NA, 1.6T, 1.6T hybrid, RM143,888 to RM197,888

July 2, 2025
New Lancia Delta HF Integrale confirmed for 2026
Auto News

New Lancia Delta HF Integrale confirmed for 2026

July 1, 2025
BangShift.com It’s Really Happening! Finnegan’s Lexus LC500 Supercar and Cadillac Coupe DeVille Project Car Updates.
Auto News

BangShift.com It’s Really Happening! Finnegan’s Lexus LC500 Supercar and Cadillac Coupe DeVille Project Car Updates.

July 3, 2025
AEye’s Apollo sensor selected by major OEM unlocking potential m revenue opportunity
Auto News

AEye’s Apollo sensor selected by major OEM unlocking potential $30m revenue opportunity

July 1, 2025
Load More
Next Post
Rocket League gets a big-time sponsor and we’re changing up our stream

Rocket League gets a big-time sponsor and we're changing up our stream

Wallsend drug driver sped-off from police then abandoned car in cemetery

Wallsend drug driver sped-off from police then abandoned car in cemetery

Categories

  • Auto News (3,395)
  • Automative Reviews (1,919)
  • Car Brands (2,045)
  • Insurance (3,412)
  • Market (1,599)
  • New Cars (2,139)
  • Technology (2,012)
  • Videos (2,122)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • Ferrari introduces Amalfi as Roma replacement
  • Noted Car Designer Frank Stephenson Teams Up With W Motors
  • New black thar 🖤 #automobile #thar #scorpio #trending #popular #viralvideo #viralshorts #shorts
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In