Bosch sees driver-assistance sales growing amid global shift to autonomous driving

By Reuters - Global Times Source:Reuters-Global Times Published: 2017/9/12 22:03:39

Bosch, the world's biggest car parts supplier, expects annual sales of driver-assistance systems to reach 2 billion euros ($2.39 billion) as early as 2019 as it outpaces market growth of 25 percent a year, it said on Tuesday.

Driver-assistance systems provide features such as automatic braking, keeping cars in lane and alerting drivers to danger. They are the forerunners of fully automated driving.

Bosch, which also makes home appliances and industrial products, has forecast that its overall automotive business will grow by 7 percent to 47 billion euros this year.

The German group said it would be helped by the move to electric vehicles, led by China, where it already has a top position. It also supplies the powertrain system for Europe's biggest electric-vehicle fleet, the German post office's Streetscooters.

Chief Executive Volkmar Denner said Bosch is not betting solely on electrification, despite a debate in Germany about driving bans in cities for polluting vehicles and the future of the combustion engine.

"For us, it's not just the one or the other. We want to keep our technological options open and not restrict ourselves to a single path," he said at the Frankfurt car show.

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