Truck Starter Motor Market Size & Share Analysis - Growth Trends And Forecast (2025 - 2032)

By Type;

Remanufactured Starter Motors, New Starter Motors, End Of Life Starter Motors and Rebuilt Starter Motors

By Voltage;

12V, 24V, 36V, 48V, 72V and 80V

By Application;

Light Duty Trucks, Medium Duty Trucks, Heavy Duty Trucks and Off-Highway Vehicles

By Drive System;

Electric Drive, Hydraulic Drive and Pneumatic Drive

By Starter Motor Type;

Permanent Magnet Starter Motors, Electromagnetic Starter Motors and Hybrid Starter Motors

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2022 - 2032)
Report ID: Rn276593734 Published Date: April, 2026 Updated Date: May, 2026

Truck Starter Motor Market Overview

Truck Starter Motor Market (USD Million)

In the year 2025, Truck Starter Motor Market was valued at USD 5416.59 million. The size of this market is expected to increase to USD 7127.86 million by the year 2032, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.


Truck Starter Motor Market

*Market size in USD million

CAGR 4.0 %


Study Period2026 - 2032
Base Year2025
CAGR (%)4.0 %
Market Size (2025)USD 5416.59 Million
Market Size (2032)USD 7127.86 Million
Market ConcentrationHigh
Report Pages371
5416.59
2025
7127.86
2032

Major Players

  • DENSO Corporation
  • Robert Bosch Gmb H
  • Valeo SA
  • Mitsubishi Electric Corporation
  • Hitachi Astemo Ltd
  • Continental AG
  • Delphi Technologies
  • Borg Warner Inc
  • Mitsuba Corporation
  • Cummins INC
*Competitors List Not Exhaustive

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Truck Starter Motor Market

Fragmented - Highly competitive market without dominant players


truck starter motor market plays a pivotal role in ensuring the reliable operation of commercial vehicles across various industries worldwide. Starter motors are essential components that facilitate the initial engine ignition process, enabling seamless starts and powering critical operations in transportation, logistics, construction, mining, agriculture, and defense sectors. This market encompasses a wide range of starter motor types tailored to different vehicle classes and operational requirements.

In recent years, technological advancements have driven innovation in starter motor designs, enhancing efficiency, durability, and performance. Conventional starter motors remain prevalent for their robustness and widespread use in diverse commercial vehicle applications. Meanwhile, gear reduction starter motors offer higher torque output, making them ideal for heavy-duty trucks and equipment that require substantial starting power.

Direct drive starter motors have gained popularity for their efficient power transmission and reduced mechanical losses, contributing to enhanced fuel efficiency and operational cost savings. Pre-engaged starter motors, featuring advanced engagement mechanisms, ensure reliable and prompt engine starts, crucial for demanding environments where reliability is paramount.

The market's segmentation by vehicle type includes light commercial vehicles (LCVs), medium commercial vehicles (MCVs), and heavy commercial vehicles (HCVs), each requiring tailored starter motor solutions to meet specific power demands and operational conditions. Additionally, the categorization by power rating, focusing on low-power options up to 7 kW, underscores the importance of compact, energy-efficient starter motor designs for smaller commercial vehicles and niche applications.

truck starter motor market continues to evolve with technological advancements and increasing demand across various end-use industries, driving efficiency, reliability, and performance in commercial vehicle operations worldwide.

Truck Starter Motor Market Key Takeaways

  • Truck Starter Motor Market is witnessing steady growth driven by rising production of heavy-duty commercial vehicles and the growing emphasis on engine performance reliability across logistics and construction sectors.

  • Increasing demand for high-torque, energy-efficient starter motors is fueling innovation in gear-reduction systems and solenoid-driven designs to improve cold-start capabilities and durability.

  • OEMs and aftermarket suppliers are focusing on developing compact, lightweight starter motors with enhanced heat resistance and longer service life for heavy trucks and off-highway vehicles.

  • The transition toward hybrid and electric commercial vehicles is creating opportunities for integrated starter-generator (ISG) systems that combine starting and power generation functions.

  • Asia-Pacific leads the market owing to strong truck manufacturing bases in China, India, and Japan, supported by expansion in freight and construction industries.

  • Technological advances in brushless DC (BLDC) motors and smart control electronics are improving energy efficiency and supporting predictive maintenance through sensor integration.

  • Future market evolution will focus on electrification-ready starter systems, regenerative energy recovery, and modular motor architectures to align with global emission reduction and fuel efficiency targets.

Truck Starter Motor Market Recent Developments

  • In December 2023, Bosch, a leading technology and automotive supplier, launched a new generation of starter motors for heavy-duty trucks, offering enhanced durability and faster starting times.

  • In November 2023, Valeo, a French multinational automotive supplier, acquired FTE Automotive, a leader in clutch systems and mechatronics, strengthening its starter motor product portfolio and market presence.

Truck Starter Motor Market Segment Analysis

In this report, Truck Starter Motor Market has been segmented by Type, Voltage, Application, Drive System, Starter Motor Type and Geography. This structure enables a clear comparison of product strategies, performance envelopes, and target-user requirements across OEM and aftermarket channels. It also illuminates regional production footprints, supply-chain dynamics, and technology adoption pathways that shape growth and competition.

Truck Starter Motor Market, Segmentation by Type

The market by Type distinguishes lifecycle positioning and cost-value trade-offs, which are critical to fleet TCO, uptime, and sustainability targets. OEMs and distributors balance price sensitivity in replacement cycles with reliability thresholds for different duty profiles, while end users increasingly weigh reman and rebuilt options to meet environmental goals. Partnerships between core collectors, rebuilders, and logistics providers influence availability, warranty confidence, and lead times across regions.

Remanufactured Starter Motors

Reman units appeal to fleets optimizing cost-per-mile and circularity, supported by standardized core returns and tiered warranties. Quality depends on process rigor—testing, component traceability, and upgraded wear parts—making partnerships with certified reman centers a strategic lever. As regulations and ESG metrics tighten, reman solutions strengthen bids in public procurement and large private tenders.

New Starter Motors

New units dominate OEM fitment and premium aftermarket where reliability, consistent cranking performance, and full-spec warranties are decisive. Vendors compete on materials (high-strength alloys, advanced brushes), improved thermal management, and compact designs for tight engine bays. Scale manufacturing and multi-region distribution agreements secure availability for fast-moving SKUs across truck classes.

End Of Life Starter Motors

End-of-life pathways affect total system costs through core value recovery and waste minimization. Structured EoL programs with traceable collection and recycling lower disposal fees and support circular economy commitments for fleets and municipalities. Vendors building reverse logistics with authorized centers improve core harvest rates and stabilize reman supply.

Rebuilt Starter Motors

Rebuilt offerings serve price-sensitive segments with localized workmanship and variable specification upgrades. Competitive advantage hinges on quality assurance, access to calibrated testing benches, and sourcing of high-stress components such as solenoids and pinion gears. Regional rebuild networks aligned with distributors can reduce downtime through quick-turn services and exchange programs.

Truck Starter Motor Market, Segmentation by Voltage

The Voltage segmentation reflects electrical architecture choices tied to vehicle class, accessory loads, and cold-start requirements. Higher voltages support reduced current draw, smaller cabling, and improved thermal efficiency, while lower voltages benefit from wide parts availability and established service knowledge. OEM platform strategies and retrofit feasibility drive adoption across duty profiles and climates.

12V

12V architectures remain prevalent in light duty and select medium duty trucks, leveraging ubiquitous components and service familiarity. Broad aftermarket coverage ensures quick replacement and competitive pricing. Vendors differentiate via high-torque compact designs and enhanced corrosion protection for harsh environments.

24V

24V systems are common in heavy duty and vocational applications needing robust cranking under high compression and cold conditions. They enable lower current for equivalent power, easing harness demands and boosting efficiency. Suppliers win through ruggedization, sealed housings, and optimized solenoids for repeated start cycles.

36V

36V targets specialty builds where auxiliary loads and start reliability justify mid-tier voltage steps. Adoption depends on component ecosystem maturity and integration with power distribution modules. Vendors offering validated kits and integration support reduce engineering time for body builders and fleet upfitters.

48V

48V platforms align with emerging mild hybrid and advanced electrical architectures that reduce fuel use and emissions. The segment benefits from improved start-stop durability, energy recuperation compatibility, and thermal headroom. Ecosystem growth—DC/DC converters, storage, and controls—supports scaling into regional compliance programs.

72V

72V solutions address niche heavy vocational or off-highway requirements, where high accessory demand and frequent restart cycles occur. System design focuses on insulation, safety interlocks, and controlled inrush currents. Suppliers capable of co-engineering with OEMs on harnessing and safety certification capture bespoke opportunities.

80V

80V deployments are specialized, emphasizing peak torque delivery and minimized cable losses in extreme-duty starts. They require strict adherence to standards for isolation, connectors, and diagnostics to ensure operator safety. Success relies on close OEM collaboration and field validation under severe ambient and duty cycles.

Truck Starter Motor Market, Segmentation by Application

Application segments reflect chassis weight class and mission profiles that drive torque, duty-cycle, and durability needs. Variations in stop-start frequency, ambient conditions, and maintenance practices shape specification choices and service intervals. Channel strategies balance OEM build-to-spec with aftermarket stocking for high-velocity replacements.

Light Duty Trucks

Light duty platforms prioritize compactness, NVH control, and cost efficiency. Suppliers compete on lightweight materials and high-speed engagement mechanisms for quick starts. Broad dealer networks and retail distribution strengthen availability for urban delivery and service fleets.

Medium Duty Trucks

Medium duty vehicles require higher cranking torque and thermal robustness for mixed urban–regional routes. Offerings emphasize reinforced bearings, improved brush life, and sealed designs for frequent start-stop. Partnerships with body builders and leasing fleets support standardized SKUs and predictive maintenance programs.

Heavy Duty Trucks

Heavy duty applications demand maximum reliability, cold-crank performance, and long service intervals under high compression ratios. Premium products feature advanced gear reduction, high-temperature windings, and diagnostics-ready solenoids. Extended warranties and uptime guarantees are key differentiators in long-haul and vocational fleets.

Off-Highway Vehicles

Off-highway machines operate in dust, moisture, and vibration-intensive environments, emphasizing sealing, corrosion resistance, and shock tolerance. Solutions include heavy-duty pinions, oversized bearings, and protective coatings. Field serviceability and quick parts availability drive purchasing in construction, mining, and agriculture.

Truck Starter Motor Market, Segmentation by Drive System

Drive System selection governs engagement mechanics, energy source, and service complexity. Electric drives dominate for simplicity and ecosystem maturity, while hydraulic and pneumatic options address niche requirements such as hazardous zones or where auxiliary power circuits exist. Integration with vehicle controls and fault diagnostics underpins lifecycle performance.

Electric Drive

Electric drives provide high efficiency, predictable engagement, and broad voltage compatibility. Suppliers focus on compact gear-reduction architectures, improved thermal paths, and robust solenoid actuation. Diagnostics via CAN or simple fault codes supports preventive maintenance and reduces unplanned downtime.

Hydraulic Drive

Hydraulic starters suit environments needing intrinsic safety or where hydraulic power is already available, reducing electrical hazards. They offer strong starting torque and resilience in extreme temperatures. Success depends on reliable seals, contamination control, and integration with existing hydraulic circuits.

Pneumatic Drive

Pneumatic systems are valued in hazardous or remote settings, leveraging compressed air for safe, repeatable cranks. They minimize electrical complexity and can provide redundancy for critical assets. Vendors differentiate with moisture management, valve reliability, and cold-weather performance enhancements.

Truck Starter Motor Market, Segmentation by Starter Motor Type

The Starter Motor Type lens highlights internal electromagnetic design and control strategies shaping efficiency, torque density, and durability. Permanent magnet designs deliver compactness and strong low-speed torque; electromagnetic types provide mature, serviceable configurations; and hybrid systems combine features to balance performance and lifecycle costs. Component sourcing, winding quality, and magnet stability are central to reliability.

Permanent Magnet Starter Motors

These motors offer high power density, fast engagement, and reduced mass—beneficial for fuel economy and packaging. Thermal management and magnet stability across temperature extremes are crucial. Vendors invest in magnet coatings, precise air-gap control, and optimized reduction gearing.

Electromagnetic Starter Motors

Electromagnetic designs remain widespread due to proven reliability and service familiarity. They support cost-effective repairs with available field components and established testing procedures. Enhancements target brush life, commutator wear, and solenoid durability to extend service intervals.

Hybrid Starter Motors

Hybrid architectures blend PM and electromagnetic benefits, aiming for superior torque curves and efficiency under demanding cycles. Control electronics and advanced materials enable tailored engagement profiles. Adoption grows where fleets require premium uptime and are willing to invest in extended warranties.

Truck Starter Motor Market, Segmentation by Geography

In this report, Truck Starter Motor Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Regions and Countries Analyzed in this Report

Legend
North America
Rest of North America
Europe
Rest of Europe
Asia Pacific
Rest of Asia Pacific
Middle East and Africa
Rest of Middle East and Africa
Latin America
Rest of Latin America
Rest of the World

North America

North America emphasizes uptime guarantees, winter-start performance, and deep aftermarket coverage for regional and long-haul fleets. Consolidated distributor networks and strong reman programs support quick turnarounds and warranty confidence. Regulatory and ESG focus promotes lifecycle solutions that balance cost, reliability, and circularity.

Europe

Europe prioritizes efficiency, compact packaging, and compliance with evolving emissions and electrical standards. OEM–supplier collaboration drives advanced materials, sealed housings, and 48V readiness for mild-hybrid systems. A mature service ecosystem underpins premium segments with extended warranties and predictive maintenance.

Asia Pacific

Asia Pacific sees rapid expansion in medium and heavy duty platforms, with localized manufacturing improving availability and price points. Diverse climates—from tropical heat to alpine cold shape demand for robust thermal and sealing designs. Strategic alliances between global brands and regional suppliers accelerate technology transfer and scale.

Middle East & Africa

Middle East & Africa requires high dust and heat resilience, favoring sealed units and corrosion-resistant finishes. Vocational applications in construction and energy sectors drive demand for heavy-duty torque and simplified serviceability. Distributor partnerships and inventory planning are critical to reducing downtime in remote operations.

Latin America

Latin America balances affordability with ruggedness for mixed urban–rural routes and challenging road conditions. Aftermarket growth is supported by rebuilt and reman channels, while OEM programs expand with regional assembly. Strengthening logistics and warranty frameworks improve customer confidence and lifecycle value.

Truck Starter Motor Market Forces

This report provides an in depth analysis of various factors that impact the dynamics of Truck Starter Motor Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Comprehensive Market Impact Matrix

This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.

Market Forces ↓ / Impact Areas → Market Growth Rate Competitive Landscape Customer Behavior Regulatory Influence Innovation Potential
Drivers High impact (e.g., tech adoption, rising demand) Encourages new entrants and fosters expansion Increases usage and enhances demand elasticity Often aligns with progressive policy trends Fuels R&D initiatives and product development
Restraints Slows growth (e.g., high costs, supply chain issues) Raises entry barriers and may drive market consolidation Deters consumption due to friction or low awareness Introduces compliance hurdles and regulatory risks Limits innovation appetite and risk tolerance
Opportunities Unlocks new segments or untapped geographies Creates white space for innovation and M&A Opens new use cases and shifts consumer preferences Policy shifts may offer strategic advantages Sparks disruptive innovation and strategic alliances

Drivers, Restraints and Opportunity Analysis

Drivers

  • Increasing Demand for Commercial Vehicles
  • Advancements in Automotive Technology
  • Stringent Emission Regulations : Stringent emission regulations globally mandate lower emissions from heavy-duty vehicles, compelling manufacturers to adopt cleaner and more efficient technologies. This includes the integration of advanced starter motors that contribute to improved fuel efficiency and reduced environmental impact. As governments worldwide tighten emission standards to combat air pollution and greenhouse gas emissions, the demand for starter motors capable of enhancing vehicle efficiency becomes paramount. These regulations not only drive technological innovation in starter motor design but also encourage automotive manufacturers to invest in sustainable solutions that align with regulatory requirements.

    In response to these stringent regulations, the automotive industry is focusing on developing starter motors that not only meet but exceed environmental standards. This proactive approach not only addresses compliance but also positions manufacturers to capitalize on market opportunities driven by eco-conscious consumer preferences. By leveraging these advancements, stakeholders in the truck starter motor market can stay competitive while contributing to global efforts towards sustainable transportation solutions.

Restraints

  • High Initial Costs
  • Supply Chain Disruptions
  • Market Saturation in Mature Economies : In mature economies, the truck starter motor market faces saturation as the majority of vehicles are already equipped with starter motors. This saturation poses challenges for growth unless there are substantial technological advancements or replacements driven by wear and tear of existing components. Manufacturers and suppliers in these markets must innovate to differentiate their offerings, focusing on enhancements that improve reliability, efficiency, and durability of starter motors.

    To navigate this saturation, companies can explore opportunities in aftermarket sales and service, catering to the ongoing maintenance and replacement needs of aging starter motor systems. Additionally, leveraging advancements in smart technologies and materials can open new avenues for product differentiation and market expansion within mature economies. By strategically addressing these challenges, stakeholders can sustain market relevance and capitalize on evolving customer demands for more reliable and efficient automotive components.

Opportunities

  • Emerging Markets
  • Shift Towards Electric Vehicles
  • Focus on Fuel Efficiency : The growing emphasis on enhancing fuel efficiency and lowering emissions in heavy-duty vehicles presents a significant opportunity for starter motor manufacturers. There is a heightened demand for innovative solutions that contribute to reducing overall vehicle fuel consumption and environmental impact. This trend is driven by stringent regulatory requirements and the industry's commitment to sustainability, prompting manufacturers to invest in developing advanced starter motors that optimize energy efficiency and performance.

    By focusing on fuel efficiency, starter motor manufacturers can align with market demands for eco-friendly technologies while offering solutions that enhance operational efficiency for fleet operators. This strategic approach not only addresses current environmental challenges but also positions companies to capitalize on the expanding market for cleaner and more sustainable automotive components. As such, there is a clear pathway for stakeholders in the truck starter motor market to innovate and lead in the transition towards greener transportation solutions.

Truck Starter Motor Market Competitive Landscape Analysis

Truck Starter Motor Market is witnessing increasing competition as manufacturers adopt diverse strategies to strengthen their presence. With over 45% market share concentrated among leading brands, the sector is marked by intense rivalry and rising collaboration. Continuous growth is supported by partnerships and mergers, which are shaping competitive positioning and driving long-term market resilience.

Market Structure and Concentration

The market structure reflects moderate concentration, with the top companies accounting for nearly 55% of the overall share. Smaller players are leveraging niche strategies to challenge established leaders, while larger firms emphasize merger and partnership activities. This consolidation trend underlines a focus on growth and stability, ensuring competitive strength within the evolving truck starter motor sector.

Brand and Channel Strategies

Brands are actively optimizing channel networks, with more than 60% of sales driven through direct OEM partnerships. Strategic collaboration with distributors and aftermarket players is expanding market reach. Companies focus on strong brand visibility while reinforcing innovative sales strategies, ensuring that both traditional and emerging markets remain central to long-term expansion goals.

Innovation Drivers and Technological Advancements

Innovation remains a crucial driver, with nearly 65% of players investing in advanced technological advancements. Firms are accelerating product development through digital innovation, material efficiency, and sustainable engineering practices. Continuous collaboration with research partners and OEMs highlights the sector’s commitment to growth, ensuring starter motors align with next-generation vehicle requirements and market expansion.

Regional Momentum and Expansion

Regional growth momentum is significant, with Asia-Pacific capturing nearly 50% of the overall market share. North America and Europe continue to focus on expansion through strategies such as localized production and enhanced distribution. Strong partnerships with regional suppliers reinforce brand presence, ensuring sustainable growth and competitive advantage across multiple geographic zones.

Future Outlook

The sector’s future outlook reflects continued growth driven by innovation and technological advancements. More than 70% of companies are expected to emphasize strategic collaboration and partnerships to capture emerging markets. With strong focus on expansion, leading players will reshape competitive advantages, ensuring a forward-looking industry structure built on resilience and adaptability.

Key players in Truck Starter Motor Market include:

  • DENSO Corporation
  • Robert Bosch GmbH
  • Valeo SA
  • Mitsubishi Electric Corporation
  • Hitachi Astemo, Ltd.
  • Continental AG
  • Delphi Technologies
  • BorgWarner Inc.
  • Mitsuba Corporation
  • Cummins Inc.
  • Hyundai Mobis Co., Ltd.
  • Mando Corporation
  • Nikko Denso Co., Ltd.
  • Hella KGaA Hueck & Co.
  • STMicroelectronics N.V.

In this report, the profile of each market player provides following information:

  • Market Share Analysis
  • Company Overview and Product Portfolio
  • Key Developments
  • Financial Overview
  • Strategies
  • Company SWOT Analysis
  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Voltage
    3. Market Snapshot, By Application
    4. Market Snapshot, By Drive System
    5. Market Snapshot, By Starter Motor Type
    6. Market Snapshot, By Region
  4. Truck Starter Motor Market Forces
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Commercial Vehicles
        2. Advancements in Automotive Technology
        3. Stringent Emission Regulations
      2. Restraints
        1. High Initial Costs
        2. Supply Chain Disruptions
        3. Market Saturation in Mature Economies
      3. Opportunities
        1. Emerging Markets
        2. Shift Towards Electric Vehicles
        3. Focus on Fuel Efficiency
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Truck Starter Motor Market, By Type, 2022 - 2032 (USD Million)
      1. Remanufactured Starter Motors
      2. New Starter Motors
      3. End Of Life Starter Motors
      4. Rebuilt Starter Motors
    2. Truck Starter Motor Market, By Voltage, 2022 - 2032 (USD Million)
      1. 12V
      2. 24V
      3. 36V
      4. 48V
      5. 72V
      6. 80V
    3. Truck Starter Motor Market, By Application, 2022 - 2032 (USD Million)
      1. Light Duty Trucks
      2. Medium Duty Trucks
      3. Heavy Duty Trucks
      4. Off-Highway Vehicles
    4. Truck Starter Motor Market, By Drive System, 2022 - 2032 (USD Million)
      1. Electric Drive
      2. Hydraulic Drive
      3. Pneumatic Drive
    5. Truck Starter Motor Market, By Starter Motor Type, 2022 - 2032 (USD Million)
      1. Permanent Magnet Starter Motors
      2. Electromagnetic Starter Motors
      3. Hybrid Starter Motors
    6. Truck Starter Motor Market , By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. DENSO Corporation
      2. Robert Bosch GmbH
      3. Valeo SA
      4. Mitsubishi Electric Corporation
      5. Hitachi Astemo, Ltd.
      6. Continental AG
      7. Delphi Technologies
      8. BorgWarner Inc.
      9. Mitsuba Corporation
      10. Cummins Inc.
      11. Hyundai Mobis Co., Ltd.
      12. Mando Corporation
      13. Nikko Denso Co., Ltd.
      14. Hella KGaA Hueck & Co.
      15. STMicroelectronics N.V.
  7. Analyst Views
  8. Future Outlook of the Market