Samsung targets USD20 billion revenue from automotive business by 2025
The company estimates a vehicle will need sensors, electronics and software worth USD2,500 to enable Level 3 autonomy
Samsung Electronics aims to quadruple its revenue from automotive industry to USD20 billion by the middle of the next decade driven by rising electronics and software content per vehicle, Automotive News reported on 16 October citing an interview with the company’s president Young Sohn. “It's not much for Samsung, because we make USD200 billion in revenue,” Sohn told Automotive News on the sidelines of IAA 2017 in Frankfurt in Germany last month. “But I'm hoping that we'll hit USD20 billion by 2025,” he said.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
