Acconeer's A1 pulsed coherent radar sensor is used in two new car models from one of the top two American high-volume car makers for the use case access control, which allows touchless opening of the trunk of a car. Acconeer estimates the annual value of these models to USD 350k over seven years. Sales to this customer are reflected in sales to Acconeer's distributors.
These new car models follow last year’s launch of an electrical vehicle from the same car maker.
CEO Lars Lindell comments: “At Acconeer we are excited to see new models coming from this large player in the car industry, and it confirms that our technology works well and is part of an attractive product. We expect to see more car launches going forward.”
The automotive industry is an important business segment for Acconeer. Acconeer’s radar is the pioneer to replace existing capacitive solutions for access control and the company expects radars to completely replace existing solutions. Based on this, Acconeer expects their sales to the automotive industry to grow significantly over the coming years.