Autoliv Profile
Autoliv, Inc. operates as a leading developer, manufacturer, and supplier of passive safety systems to the automotive industry with a broad range of product offerings. The company functions as a holding corporation and owns two principal subsidiaries, Autoliv AB and Autoliv ASP, Inc.
The company's business consists of passive safety products –principally airbags (including steering wheels and inflators) and seatbelts. The company develops safety solutions for both mobility and society that work in real life situations. The company's passive safety systems, such as seatbelts and airbags substantially mitigate human consequences of traffic accidents. The company also manufactures steering wheels that are crafted to ensure they meet safety requirements and are functional as well as stylish.
In medium- and low-income markets, the company sees great opportunities for CPV growth from more airbags and advanced seatbelt products. The company's ability to consistently outperform market growth is rooted in a steady flow of new safety technologies, a strong focus on quality, and a superior production and engineering footprint. In seatbelts, the company has reached a global market share of around 45%, primarily due to being the technology leader with several important innovations, such as pretensioners and active seatbelts. The market for airbags, where the company has a global market share of around 47%, is expected to grow mainly as result of higher installation rates of inflatable curtains, side airbags, and knee airbags.
Customers
In 2023, the company's top five customers represented around 48% of its consolidated sales and the company's top ten customers represented around 78% of its consolidated sales. This reflects the concentration of manufacturers in the automotive industry. The five largest OEMs in 2023 accounted for around 46% of global LVP, and the ten largest OEMs accounted for around 66% of global LVP. In 2023, the company’s customers included Renault/Nissan/Mitsubishi; Stellantis; VW; Honda; Toyota; Hyundai; Ford; General Motors; Major EV maker; and Mercedes.
Research, Development and Engineering, net (R,D&E)
During 2023, the company’s gross expenditures for R,D&E amounted to $618 million.
Competitors
ZF Friedrichshafen, one of the company's largest competitors, is a global leader in driveline and chassis technology as well as in passive safety technologies, and is one of the largest global automotive suppliers. Another large competitor is Joyson Safety Systems (JSS), a subsidiary of Ningbo Joyson Electronic Corp. Other competitors include Nihon Plast and Ashimori in Japan, Yanfeng and Jinheng in China, Samsong in South Korea, and Chris Cintos de Seguranca in South America.
History
Autoliv, Inc., a Delaware corporation, was founded in 1953.
