U-Blox Sees Record Automotive Project Awards

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Automated driving spurs GNSS module growth–and potential revenues of $100 million starting in 2026

Thalwil, Switzerland-based u-blox [UBXN] has announced new project awards with “major automotive customers” in the Asia-Pacific region, enabling more than $100 million in expected revenue that will start in 2026.  While the company didn’t name the automakers because of nondisclosure agreements, it said that upcoming vehicle models will incorporate u-blox’s GNSS F9 platform for automated driving.

While the auto projects are long term, along with the expected revenue generated from them, u-blox believes the automated driving market will continue to grow as it is working with the leading companies in that segment, said Stephan Zizala, u-blox CEO.

u-blox’s automotive project wins could be worth $100 million, starting in 2026 (Image: u-blox).

“Autonomous driving requires a reliable absolute position. [Our] GNSS solutions are precise, reliable and support functional safety,” Zizala said.  “Therefore, we expect autonomous driving to be a long-term growth driver for u-blox.”

The new project wins are in addition to earlier contracts in 2023, the company said.  The use of GNSS positioning solutions for advance driving assistance, particularly for lane-level guidance,  will increase to 32 percent by 2030—an increase from 10 percent last year, according to ABITSR and u-blox market research.

In other company news, u-blox’s board of directors has appointed long-time Ericsson ERIC 0.75%↑ executive Camila Japur as CFO.  Japur, who will be a part of the board’s executive committee starting July 1, will replace Roland Jud, company CFO since 2011.  Jud will stay in a consulting role and will leave the company by the end of the year.


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