November, 2024
Visteon Corporation is one of the largest TCU manufacturers of the U.S. This company is continuously engaged in developing advanced TCUs for automotives. The total revenue generated by this company was US$ 3954 million in 2023. The corporation is one of the key players in the telematics control market, which develops and distributes vehicle communication devices. Telematics control units consist of several components, such as satellite navigation and electronic processing units. This market is driven by the rising number of vehicle theft cases worldwide. According to the U.S. Claims and Litigation Management Organization, around 1,020,729 vehicle theft cases were registered in the U.S. in 2023.
This market is growing rapidly with the rising trend of connected vehicles. Also, the increased demand for navigation assistance in cars is driving the growth of the telematics control unit market. The advancements in 5G network capabilities are anticipated to create opportunities for the market players in the future. In February 2024, Harman launched a 5 G-enabled TCU, designed for use in different vehicles.
The telematics control unit market is highly fragmented, with numerous market players such as Robert Bosch GmbH, Valeo SA, Harman International Inc., Visteon Corporation, and others. Valeo is a top company in this market, with revenue of USD 5184 million in 2023 from the Comfort & Driving Assistance Systems segment. Robert Bosch is another leading company that generated revenue of around USD 131.20 million in 2023 from the automotive electronics segment.
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