Autoliv, Inc. (‘Autoliv’) is a developer, manufacturer, and supplier of passive safety systems to the automotive industry with a broad range of product offerings.
The company owns two principal subsidiaries, Autoliv AB and Autoliv ASP, Inc.
Passive safety systems are primarily meant to improve safety for occupants in a vehicle. Passive safety systems include modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, pedestrian protection systems...
Autoliv, Inc. (‘Autoliv’) is a developer, manufacturer, and supplier of passive safety systems to the automotive industry with a broad range of product offerings.
The company owns two principal subsidiaries, Autoliv AB and Autoliv ASP, Inc.
Passive safety systems are primarily meant to improve safety for occupants in a vehicle. Passive safety systems include modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, pedestrian protection systems, steering wheels, inflator technologies, battery cut-off switches, and seatbelts.
To expand its product offerings, the company has formed Mobility Safety Solutions. By combining its core competence and industry experience, the company also develops and manufactures mobility safety solutions, such as pedestrian protection, battery cut-off switches, connected safety services, and safety solutions for riders of powered two-wheelers.
The company has 62 production facilities in 23 countries and its customers include the world’s largest car manufacturers. In 2024, approximately 68% of the company’s sales were consisted of airbag and steering wheel products, and approximately 32% of its sales were consisted of seatbelt products. The company's business is conducted in the following geographical regions: The Americas, Europe, China, and Asia, excluding China.
The company's business comprises passive safety products – principally airbags (including steering wheels and inflators) and seatbelts.
Products
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 the 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.
Markets
In seatbelts, Autoliv 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 company's strong market position is also a reflection of its superior global footprint. Seatbelts are the primary life-saving safety product globally and are also an important requirement in low-end vehicles in the medium- and low-income markets. This provides the company with an excellent opportunity to benefit from the expected growth in this segment of the market.
The market for airbags and steering wheels, where Autoliv has a global market share of around 44%, is expected to grow mainly as result of higher installation rates of inflatable curtains, side airbags, knee airbags, and center airbags, as well as the trend towards higher-value steering wheels with leather and additional features.
Competition
One of the company's largest competitors is ZF AG. 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.
Customers
In 2024, the company's top five customers represented around 44% of its consolidated net sales and the company's top ten customers represented around 71% of its consolidated net sales. This reflects the concentration of manufacturers in the automotive industry. The company's five largest customers accounted for around 41%, and the ten largest customers for around 59% of global LVP in 2024.
Customer Sales Trends
Asian vehicle producers have steadily become increasingly important, mainly driven by growth with Japanese and Chinese OEMs. As a group, they represented around 46% of the company's consolidated net sales in 2024, of which Japanese OEMs account for almost two-thirds. This is a result of the company's stronger market position based on its local presence in Japan. The Chinese OEMs, as a group, accounted for around 7% of the company's consolidated net sales in 2024, with Geely representing more than 2% of the company's consolidated net sales. European-based brands accounted for 30% of the company's consolidated net sales in 2024. The U.S.-based OEMs (including Chrysler and new EV manufacturers) accounted for 21% of the company's global sales in 2024. Globally, one of the company's strongest growing customers from 2023 to 2024 was Geely followed by Mercedes and Renault.
Research, Development and Engineering, net (R,D&E)
During 2024, the company’s gross expenditures for R,D&E amounted to $612 million.
History
Autoliv, Inc., a Delaware corporation, was founded in 1953. The company was incorporated in 2022.