Component Sense Blog

Tag: automotive industry

Hard-Hit Automotive Electronics Sector Stuck in Neutral

Hard-Hit Automotive Electronics Sector Stuck in Neutral
While some semiconductor sectors are showing signs of recovery, the automotive sector continues to suffer as the pandemic extends into the summer of 2020. Despite Marvell and several other chip makers showing signs of life, including new 52-week highs for stock prices, the automotive electronics sector remains stagnant. London-based market research firm Omdia forecasts a 16% drop in annual revenue for the hard-hit automotive power semiconductor segment. That equates to approximately $9.1 billion in 2020 revenues. The contraction reflects declining vehicles sales and plunging auto production, according to analysts. Earlier this year, hopes of a rebound in automotive power semiconductor...

Electronics Now Account for 40% of a Car’s Cost

Electronics Now Account for 40% of a Car’s Cost
As the comfort and safety levels in cars have constantly improved over time, so have the electronics they carry. Cars are evolving into computers on wheels, and this is driving up their cost; a recent study reveals that electronics now make up 40% of a vehicle’s price tag. According to a new Deloitte analysis, the automotive industry has changed dramatically since 2004, when only 25% of cars had airbags, and less than 50% had power seats. The volume of electronic components in vehicles has significantly increased since then, largely owing to safety regulations. The report notes in particular that 2004...

AS9120B Quality Management Standard Achieved

AS9120B Quality Management Standard Achieved
Component Sense is delighted to announce that as part of our ongoing commitment to our customers we have been officially certified to the AS9120B standard which includes ISO 9001:2015 quality management system (QMS). This is a requirement for stockist distributors of parts related specifically to the aerospace and defence industry and in addition is also a sought after standard for supplying the automotive industry. Our Quality Manager embarked on the AS9120B journey in March 2018 and managed the project working closely with all internal departments and United Registrar of Systems (URS) certification body. It was clear from the outset that...

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