Top 30 global supplier rankings for FY 2016

Bosch, Denso, Magna, ZF, and Hyundai Mobis take 1st to 5th place

2017/07/07

Summary

 MarkLines Co., Ltd. has compiled a top 30 global supplier list for FY 2016. The rankings are based on sales to the automotive industry (U.S. dollar equivalent, figures include estimates). The top five suppliers on the list are Bosch, Denso, Magna, ZF, and Hyundai Mobis. ZF, which acquired TRW, has emerged from 6th place to 4th place.

 As advances continue to be made in ADAS, autonomous driving, and electrification by the automotive industry in general and principal countries, major suppliers are working to respond to changes in the business environment. In order to achieve this, the companies are reevaluating their management strategies and expanding investments to develop new products and services. At the same time, some firms have shown indications that they are working to diversify operations by reviewing management systems reliant on automotive component operations.



Top 5 supplier ranking for FY 2016 (Sales to the automotive industry)



Related report:
Top 30 global supplier rankings for FY 2015
Sales Ranking of Top 30 Suppliers in FY 2014



Supplier Sales Ranking for FY 2016 (Sales to the automotive industry)

 The top 30 supplier sales ranking for FY 2016 (Note 1) is the same suppliers that filled the top of the rankings last year. The top five suppliers on the list are Bosch, Denso, Magna, ZF, and Hyundai Mobis. ZF, which acquired TRW, has emerged from 6th place to 4th place. Johnson Controls and Adient spun off in October 2016, are ranked in 8th and 12th respectively.

 (Note 1) The rankings are based on sales to the automotive industry (U.S. dollar equivalent, figures include estimates).
 (Note 2) In FY 2015, TRW sales before May 15, 2015 were not added. In FY 2016, TRW sales have been consolidated from the beginning of the year.



Rank Supplier Sales to automotive industry
(in million USD)
2016 fiscal year end Derivations of sales figures
FY 2016 FY 2015 FY 2016 FY 2015
1 1 Robert Bosch 48,633 46,218 Dec. 2016 Sales of Mobility Solutions division
2 2 Denso 41,191 37,139 Mar. 2017 Automotive related sales
3 3 Magna International 36,445 32,134 Dec. 2016 Total sales including Complete vehicle assembly segment and Tooling, engineering and other segment
4 6 ZF Friedrichshafen 35,811 30,082 Dec. 2016 Sales from cars & light commercial vehicles segment and commercial vehicles segment (FY2016: 92%, FY2015: 93%)
5 4 Hyundai Mobis 32,999 31,881 Dec. 2016 Total sales
6 5 Continental 32,765 31,340 Dec. 2016 Sales from automotive manufacturers (FY2016: 73%, FY2015: 73%)
7 8 Aisin Seiki 31,763 26,144 Mar. 2017 Automotive related sales
8 7 Johnson Controls 23,490 26,669 Sep. 2016 Sales of Automotive Experience division and Power Solutions division
9 9 Faurecia 20,711 20,826 Dec. 2016 Total sales
10 10 Lear 18,558 18,211 Dec. 2016 Total sales
11 12 HUAYU Automotive Systems 17,871 14,164 Dec. 2016 Total of the sales by product line (for automotive industry)
12 - Adient 16,837 20,071 Sep. 2016 Total sales
13 11 Delphi Automotive 16,661 15,165 Dec. 2016 Total sales
14 13 Valeo 15,908 14,039 Dec. 2016 Sales from Original Equipment (FY2016: 87%, FY2015: 87%)
15 14 Sumitomo Electric 13,967 12,834 Mar. 2017 Sales of Automotive Business segment
16 15 Yazaki 12,812 12,203 Jun. 2016 Sales from automotive related parts (86% estimate)
17 16 Toyota Boshoku 12,534 11,783 Mar. 2017 Total sales
18 19 Panasonic 12,092 10,590 Mar. 2017 Sales from Automotive Systems
19 18 Schaeffler 11,438 11,069 Dec. 2016 Sales of Automobile segment
20 17 thyssenkrupp 10,904 11,299 Sep. 2016 Sales from automotive customer group (FY2016: 25%, FY2015: 23%)
21 21 JTEKT 10,725 10,280 Mar. 2017 Sales of Mechanical Components division
22 24 Toyota Industries Corporation 10,380 8,704 Mar. 2017 Sales of Automobile segment
23 20 Mahle 10,147 9,603 Dec. 2016 Total sales excluding Aftermarket business unit、Profit centers, division and services
24 22 Autoliv 10,074 9,170 Dec. 2016 Total sales
25 23 Calsonic Kansei 9,230 8,767 Mar. 2017 Total sales (Full-year forecast as of the third quarter financial results)
26 26 Magneti Marelli 8,745 8,057 Dec. 2016 Total sales
27 28 BorgWarner 8,708 7,702 Dec. 2016 Total sales excluding off-highway vehicle applications (4%)
28 25 Tenneco 8,599 8,209 Dec. 2016 Total sales
29 27 Gestamp Automocion 8,356 7,805 Dec. 2016 Total sales
30 29 Hitachi Automotive Systems 8,243 7,500 Mar. 2017 Total sales excluding Aftermarket division/Others (10%)



Foreign exchange rate

Currency Exchange
rate
Fiscal
year end
Period Exchange
rate
Fiscal
year end
Period
USD/EUR 1.1069 Dec.
2016
Jan. 2016 – Dec. 2016 1.1095 Dec.
2015
Jan. 2015 – Dec. 2015
USD/EUR 1.1109 Sep.
2016
Oct. 2015 – Sep. 2016 1.1484 Sep.
2015
Oct. 2014 – Sep. 2015
JPY/USD 108.34 Mar.
2017
Apr. 2016 – Mar. 2017 120.15 Mar.
2016
Apr. 2015 – Mar. 2016
JPY/USD 116.82 Jun.
2016
Jul. 2015 – Jun. 2016 114.59 Jun.
2015
Jul. 2014 – Jun. 2015
KRW/USD 1,159.48 Dec.
2016
Jan. 2016 – Dec. 2016 1,129.83 Dec.
2015
Jan. 2015 – Dec. 2015
CNY/USD 6.6423 Dec.
2016
Jan. 2016 – Dec. 2016 6.1366 Dec.
2015
Jan. 2015 – Dec. 2015



Bosch, Denso, and ZF: Recent trends related to autonomous driving and electrification

 As advances continue to be made in ADAS, autonomous driving, and electrification by the automotive industry in general and principal countries, automakers and parts suppliers are increasingly partnering with electronics makers, mobility firms, and software companies. Moreover, the number of entrants into the automotive industry from previously unrelated industries like semiconductors and chemistry is rising. Major suppliers are reevaluating their management strategies and expanding investments to develop new products and services in response to changes in the business environment.

 At the recent expositions, CES exposition held in January 2017 in Las Vegas, Nevada, U.S. and others, the rapid advances in the fields of IoT, connected cars, and mobility were clearly visible. Major suppliers like Bosch and Denso displayed products including autonomous drive systems and electrified vehicle technology incorporating their own components and software with those developed by their partners. In new technology areas such as power semiconductors, high-resolution camera, map information, and over-the-air updates, partnerships with specialist organizations around the world to speedily respond to new developments are regularly reported. At the same time, some firms have shown indications that they are working to diversify operations by reviewing management systems reliant on automotive component operations.



Bosch: Business Strategy

 One of the Company’s goals is to become one of the world’s leading companies in the Internet of Things (IoT). In regards to its Mobility Solutions business sector, the Company’s goal is to become one of the world’s leading suppliers in electrified, automated, and connected driving technologies. On the other hand, one of the Company's goals is to have a better balance of sales between the Mobility Solutions (represented 60% of the Company's total sales) and the other business sectors. The acquisition of BSH Hausgerte has significantly increased the sales of the Consumer Goods business sector.



Bosch: Recent developments related to autonomous driving and electrification

Jun. 2017 To satisfy the demand generated by the growing number of internet of things (IoT) and mobility applications, Bosch plans to build a wafer fab in Dresden, Germany.
Jun. 2017 Bosch has received orders for its 48V mild hybrid systems and units compatible with FOTA (Firmware update over the air) from Japanese OEMs. The company will start supplying both products in 2019. Bosch also established a FCEV (fuel cell electric vehicle) project promotion office in Japan at the beginning of 2017.
Jun. 2017 Bosch intends to acquire all shares in the Italian company Albertini Cesare S.p.A. The plan is to integrate Albertini into Bosch’s Automotive Steering division. Albertini is a manufacturer of die-cast aluminum and produces cast housings primarily for the automotive industry, including for electric steering systems.
May 2017 Bosch reached agreement with Sony Semiconductor Solutions Corporation on a technical tie-up for autonomous vehicle cameras.
Apr. 2017 Bosch has signed a collaboration agreement with the Chinese internet group Baidu and the map providers AutoNavi and NavInfo. The four partners are working on a solution that will let them use information collected by Bosch’s radar and video sensors in vehicles to generate and update maps. The data collected by Bosch sensors will be compatible with the three partners’ map data.
Apr. 2017 Operations at a new Wujin Plant in the Changzhou Wujin Development Zone started. It will provide electrical components and services for autonomous driving and connected cars in the Chinese market.
Apr. 2017 Bosch and the University of Amsterdam will cooperate closely in the field of artificial intelligence. Known as Delta Lab (Deep Learning Technologies Amsterdam), the alliance aims to promote regular professional exchange and knowledge transfer.
Apr. 2017 Daimler and Bosch have entered into a development agreement to bring fully automated (SAE Level 4) and driverless (SAE Level 5) driving to urban roads by the beginning of the next decade.
Mar. 2017 NVIDIA will develop new AI platform for self-driving cars collaboration with Bosch. The collaboration with Bosch represents the first announced DRIVE PX platform incorporating NVIDIA’s forthcoming Xavier technology. NVIDIA will deliver technology enabling Level 3 autonomous capabilities by the end of this year, and Level 4 capabilities by the end of 2018.
Mar. 2017 Bosch announced the launch of the Bosch Automotive Cloud Suite, a new platform for mobility services. Providers of mobility services can use them to develop a broad range of connected car services for drivers. Five services that are due to become standard in every vehicle are wrong way alert, predictive diagnostics, community-based parking, personal assistant, and software updates over the air.
Feb. 2017 Bosch and IBM announced a new collaboration whereas Bosch IoT Suite services will be launched on open standards-based IBM Bluemix and Watson IoT Platform for clients to update their Internet of Things (IoT) devices.
Feb. 2017 Robert Bosch Venture Capital (RBVC), the corporate venture capital company of the Bosch Group, announced that it has completed an investment in TetraVue. TetraVue is a leader in advanced 3D LIDAR technology used to enhance the capabilities of automated vehicles.
Feb. 2017 Bosch is establishing an operating unit specifically for electromobility that, combined with the current Gasoline Systems and Diesel Systems divisions, will become the new Powertrain Solutions division. Starting at the beginning of 2018, the Powertrain Solutions division will supply existing and new customers with all powertrain technologies from a single source.
Jan. 2017 Bosch has launched a new research center to bring together AI-related expertise. The company will invest EUR 300 million by 2021 and apply AI technology to systems and products developed by all of its departments, including the automotive department. The new research center's branches have been established at Bosch's three bases in Germany, India, and the U.S.
Jan. 2017 Bosch will put its Connected Gateway, which enables over the air updates of in-vehicle software, into practical use in late 2017 or 2018.
Oct. 2016 Bosch signed an agreement to acquire ITK Engineering AG, a development services company headquartered in Germany. ITK Engineering is a major service provider in the field of model-based system and software development, specializing in the automotive engineering industries. ITK Engineering will be run as a wholly owned subsidiary within the Bosch Group and controlled by Bosch Engineering.
Sep. 2016 The Bosch Group is strengthening its research and development activities in the U.S. In Pittsburgh, Pennsylvania, the company has opened its expanded development center at a new, central location after having outgrown its previous facilities. The location focuses on developing internet and security technologies for the Internet of Things (IoT). In addition to basic research, the new location also houses the Bosch subsidiary Akustica, which develops and markets MEMS microphones (MEMS: microelectromechanical systems).
Aug. 2016 Bosch completed the expansion of the Technical Center in Plymouth Township, Michigan, USA. The expansion further enables the growth of several key technologies, including automotive electronics, electrical drives, and a variety of safety and driver assistance systems that will advance automated driving.
Jul. 2016 Bosch Group (China) began constructing a car multimedia plant in the Jiujiang Economic and Technological Development Zone, Wuhu. The facility will develop, produce, and sell automotive instrument meters, navigation systems, and connecting control units, and will also offer related services to customers.
Jun. 2016 The Bosch Group has established a research and technology office in Tel Aviv, Israel. Its associates aim to work more closely with scientific institutions and universities and, at an early stage, to identify innovative start-ups working in fields such as machine learning (deep learning), robotics, cybersecurity, connectivity, and the internet of things (IoT).
Jun. 2016 Bosch announced its autonomous parking technology, Home zone park assist, which is expected to make its North American market debut by 2019.
(Note) The year given is the time the announcement was made. Dates were edited based on various announcements by companies and media reports.



Denso: Business Strategy

 Denso established the ADAS promotion division in January 2016, and the Electrification System Business Group in January 2017. The Company aims to increase annual sales of its information and safety systems to JPY 1 trillion by 2020. On one hand, Denso held press conferences to show its work in eight new fields including security, information solutions and biotechnology in September 2016. The Company aims to build a business structure with these fields that does not heavily depend on trends in new car sales.



Denso: Recent developments related to autonomous driving and electrification

Jun. 2017 Denso, Hitachi Zosen, Development Bank of Japan, Japan Radio, and Hitachi Automotive Systems will establish Global Positioning Augmentation Service Corporation (GPAS) for the commercialization of high-precision satellite positioning services.
May 2017 Ricoh Industrial Solutions and Denso have jointly developed the world's smallest stereo camera for Advanced Driver Assistance Systems (ADAS).
May 2017 Denso and Toshiba have begun talks to enhance collaborations in fields including the Internet-of-Things (IoT) based manufacturing, advanced driver assistance systems (ADAS), and automated driving.
Apr. 2017 Global Mobility Service (GMS) announced that companies including Denso, SoftBank Group and Sumitomo Corporation have acquired equity stakes in it. GMS offers its original IoT platform service that remotely activates and controls vehicles in Japan and ASEAN countries.
Apr. 2017 Suzuki, Toshiba and Denso have reached an agreement on jointly establishing a new company in India to manufacture automotive lithium-ion battery packs.
Dec. 2016 Denso has developed the world's smallest automotive stereo vision sensor, which has been adopted for the "Smart Assist III," a crash avoidance system used in the new Tanto released by Daihatsu.
Dec. 2016 Denso will establish a new "Electrification System Business Group" that will be in charge of development and operations for electrification of vehicles like electric vehicles effective January 1, 2017.
Dec. 2016 Denso and NEC announced their collaboration in the fields of advanced driver assistance, autonomous driving, and production. In these fields, the two companies will jointly develop new products by combining Denso's advanced safety technology and NEC's artificial intelligence that contributes to hazard prediction.
Nov. 2016 Denso will conduct joint research with UK-based Imagination Technologies on the "hardware multi-threading" that enables central processing units (CPUs) to execute multiple concurrent processes.
Oct. 2016 Denso has improved the recognition performance of its automotive vision sensors by adopting Sony Semiconductor Solutions's image sensors. Denso's new vision sensors can detect pedestrians at night.
Oct. 2016 Denso and Toshiba have reached a basic agreement on the joint development of artificial intelligence (AI) for automotive image recognition systems.
Oct. 2016 Denso has entered into an investment agreement with THINCI Inc., a California-based deep-learning, vision processing startup. THINCI is developing innovative machine learning technology that enables the application of deep learning and vision processing in the automotive industry.
Sep. 2016 Denso, Toyota and Fujitsu have reached an basic agreement on changing the capital structure of Fujitsu Ten, a car navigation system maker. Denso will become Fujitsu Ten's largest shareholder by acquiring 51% of its stock. Through the capital structure change, the companies are aiming to enhance the development of human machine interfaces (HMI), the key to the provision of advanced driver assistance and autonomous driving.
Aug. 2016 Denso has entered into a technical advisory contract with Dr. Takeo Kanade, the U.A. and Helen Whitaker University Professor at Carnegie Mellon University. The company will advance technical development of image recognition and machine learning for automobiles.
Jul. 2016 Denso has acquired a stake in NTT DATA MSE, an automotive platform software developer, to strengthen its development of software for automotive meter and display control.
Apr. 2016 Denso will establish Denso ADAS Engineering Services GmbH in Germany, which will specialize in the development of image recognition technologies for advanced safety systems.
(Note) The year given is the time the announcement was made. Dates were edited based on various announcements by companies and media reports.



ZF: Business Strategy

 In May 2015, ZF completed the acquisition of TRW. The Company aims to combine TRW's sensing and software expertise, including cameras, radar and controllers, with its chassis systems and transmissions. The deal is expected to make the Company a key player in the fields of Advanced Driver Assistance Systems, or ADAS, and autonomous driving. While the Company has traditionally invested approximately 5% of its sales in research and development, it has increased its research and development ratio to 5.5% in the fiscal year ended December 31, 2016. The increased investment in research and development stems primarily from the Active & Passive Safety Technology Division and the E-Mobility Division.



ZF: Recent developments related to autonomous driving and electrification

Jun. 2017 ZF and HELLA entered into a strategic partnership for sensor technology, particularly for front camera systems, imaging and radar systems. The first joint development project in camera technology will start immediately, with the objective of a market launch in 2020. HELLA’s 360° surround view radar systems together with ZF’s mid-range and long-range radar systems will establish a new and comprehensive systems solution.
Jun. 2017 ZF announced the Vision Zero Vehicle. The vehicle features the rear axle system called mSTARS (modular Semi-Trailing Arm Rear Suspension), which makes it easier to electrify volume production vehicle platforms.
May 2017 ZF has signed a strategic partnership agreement for the development of autonomous driving technologies with Faurecia. The two companies will cooperate in the development of integrated safety systems for autonomous vehicles, and advanced safety technologies for cockpits of the future.
Apr. 2017 ZF has opened the India Technology Center (ITC), located in Hyderabad, Telangana State. The ITC will specialize in electronics, embedded software, and machine engineering. It will focus on developing advanced technologies for purposes including electrification, autonomous driving, and connected vehicles.
Mar. 2017 ZF has acquired approximately 45% of the shares in Astyx Communication & Sensors GmbH located in Ottobrunn, Germany. Astyx develops and produces ultrahigh-frequency radar sensors and modules for the automotive and other industries. Together with ZF, Astyx will develop the next generation of short and long-range radar sensors.
Feb. 2017 ZF and digital startup accelerator Plug and Play agreed on a strategic partnership. Plug and Play, located in Silicon Valley, California, is renowned worldwide for connecting startups to corporations. With the new partnership, ZF can build a closer link to young and innovative enterprises dealing with disruptive trends and opportunities related to connected mobility. ZF can also consider long-term direct investments through “Zukunft Ventures GmbH”, its venture capital company established in autumn 2016.
Jan. 2017 ZF presents its Intelligent Rolling Chassis (IRC) at the 2017 North American International Auto Show (NAIAS). The platform combines an axle-integrated electric drive, an extremely agile chassis with an advanced steering system and an electronic control unit that coordinates all chassis functions.
Jan. 2017 ZF collaborated with UBS and innogy Innovation Hub to develop the Car eWallet, which can offer several convenient payment features and functions. The new Car eWallet is an innovative payment system built on blockchain technology to ensure security.
Jan. 2017 ZF is working with NVIDIA to develop artificial intelligence (AI) systems. The ZF ProAI for highway automated driving is the first system developed using the scalable NVIDIA DRIVE PX 2 AI computing platform. Series production is planned for 2018 onwards.
Nov. 2016 ZF announced a new application from Openmatics, ZF's aftermarket connectivity specialist, for owners of large mixed car fleets, such as car rental companies and car-sharing service providers. With the new Dashboard app, Openmatics provides the functions of a fleet portal. Dashboard displays and analyzes fleet vehicles on a digital map in real time, providing various key performance indicators (KPI) for analysis purposes, such as vehicle fleet utilization, future servicing requirements, and vehicle locations.
Nov. 2016 ZF presented its cloud-based X2Safe intelligent algorithm to improve traffic safety. The algorithm can be used as the basis of car-to-X, X-to-car and X-to-X applications, enabling cloud networking for vehicles and all road users. The X2Safe intelligent algorithm communicates with vehicles, smart phones and smart watches.
Oct. 2016 ZF TRW demonstrated its testing of autonomous driving equipment outside of its technical center building in Farmington Hills, Michigan where the company recently moved. ZF TRW's global electronics team focuses on developing cameras, sensors, radar and software for systems that include adaptive cruise control, lane keeping assist, and emergency braking systems. The company is working on the autonomous highway systems that will be available in 2018 in the U.S.
Sep. 2016 ZF and doubleSlash Net-Business have agreed on strategic participation. ZF is to buy a 40 percent stake in doubleSlash. ZF wishes to further expand particularly the field of vehicle networking with the software company.
Jul. 2016 ZF has announced an investment of around EUR 2.9 million at its radar facility located in Brest, France. ZF is demonstrating a 'Highway Driving Assist Multi-Lane' at its Driver Assist Systems facility in the site. The demonstration vehicle integrates ZF TRW's AC1000 radars and next generation camera systems together with its Electrically Powered Steering Belt Drive (EPS BD) and Electronic Stability Control.
(Note) The year given is the time the announcement was made. Dates were edited based on various announcements by companies and media reports.

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Keywords

Supplier, ranking, Bosch, Denso, Magna, ZF, Hyundai Mobis, autonomous driving, ADAS, electrification, IoT connected, mobility, connectivity

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