Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 9

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 1
Chunk 9
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 circuit protection and switching devices needed to support the optimization of the overall vehicle electrical system.

•Electrical Distribution Systems, including 48-volt hybrid and high voltage systems, are integrated into one optimized vehicle electrical system that can utilize smaller cable and gauge sizes and ultra-thin wall insulation (this product line makes up approximately 42%, 43% and 44% of our total revenue for the years ended December 31, 2024, 2023 and 2022, respectively).

Competition

Although the overall number of our top competitors has decreased due to ongoing industry consolidation, the automotive technology and components industry remains extremely competitive. Furthermore, the rapidly evolving nature of the markets in which we compete has attracted, and may continue to attract, new entrants, particularly in best cost countries such as China and in areas of evolving vehicle technologies such as intelligent systems software, automated driving and mobility solutions, which has attracted competitors from outside the traditional automotive industry. OEMs rigorously evaluate suppliers on the basis of product quality, price, reliability and timeliness of delivery, product design capability, technical expertise and development capability, new product innovation, financial viability, application of lean principles, operational flexibility, customer service and overall management. In addition, our customers generally require that we demonstrate improved efficiencies, through cost reductions and/or price improvement, on a year-over-year basis.

9

Our key competitors in each of our operating segments include but are not limited to:

SegmentCompetitorsSignal and Power Solutions•  Amphenol Corporation•  Draexlmaier Group•  Lear Corporation•  Luxshare Precision Industry Co., Ltd.•  Molex, LLC (a subsidiary of Koch, Inc.)•  Sumitomo Electric Industries, Ltd.•  TE Connectivity plc•  Yazaki CorporationAdvanced Safety and User Experience•  Bosch Group•  Continental AG•  Denso Corporation•  Harman International (a subsidiary of Samsung Electronics)•  Hyundai Mobis•  LG Electronics•  Magna International, Inc.•  Panasonic Corporation•  Valeo•  Visteon Corporation•  ZF Friedrichshafen AG

Customers

We sell our products and services to the major global OEMs in every region of the world. Our ten largest customers accounted for approximately 55% of our total net sales for the year ended December 31, 2024, none of which individually exceeded 10%.

Supply