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92-Cent Sensor Drives Half Of Connected Cars

The multibillion-dollar business plans being hatched by global automakers and technology companies for self-driving vehicles depend on a sensor that’s less than 1 inch wide and costs all of 92 cents. And a company you’ve probably never heard of, Nippon Ceramic Co., controls about half of that market. Its stock is up more than 40 percent over the past three years and analysts expect profits to nearly double by 2018. In other words, it’s good to be Nippon Ceramic right now. The Japanese maker of ultrasonic sensors, which help autonomous vehicles avoid crashes and fit into tight parking spaces, expects demand to double in the next five years and is expanding its production lines to keep up, President Shinichi Taniguchi said in an interview.

Read the whole story at Bloomberg »

1 comment about "92-Cent Sensor Drives Half Of Connected Cars".
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  1. R MARK REASBECK from www.USAonly.US , April 18, 2016 at 9:38 a.m.

    Yep, I'm turing over my steering wheel, my gas pedal and my brake pedal of my 5000 pound car to a 92 cent sensor.  What could possibly go wrong there?  Hey is this the same Japanese company who made all the defective air bags in 33,000,000 cars.   I beleive defective sensors
    would produce more reasons for NOT having defective air bags.

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