11/11/2024 | Press release | Distributed by Public on 11/11/2024 02:40
TTM Technologies ("TTM") is well-positioned to drive innovation in the automotive industry, particularly in developing antennas for future automotive vehicles. Automotive Smart Antenna Market is estimated to grow to USD 5.2 billion by 2030, at a CAGR (Compound Average Growth Rate) of 10.9%, according to a recent report by MarketsandMarkets™.
As a top provider of printed circuit boards and electromechanical components to automotive manufacturers, TTM has strong technical capabilities and stays abreast of the latest technologies and trends in automotive electronics. High quality material is required when developing automotive components. By leveraging these capabilities, TTM offers tailored solutions that enable customers to meet goals and remain competitive in the ever-evolving automotive electronics sector.
Challenges in Collaboration with Tier-1 Automotive Electronics Company
TTM collaborated with a tier-1 automotive electronics company based in Germany to produce a 6-layer Rigid High-Density Interconnect ("HDI") Intelligent Antenna Module for a top Automotive Original Equipment Manufacturer ("OEM"). This module will improve connectivity, radio broadcast, cyber security, Big Data storage, Global Navigation Satellite System ("GNSS") position, and wifi hotspot capabilities. The challenges presented to TTM include cost management, technology upgrades, and shorter product development cycles. However, TTM aims to address critical demands like component density and convergent technologies with an aggressive pricing model. TTM's investment in automotive-grade HDI capabilities and strong customer relationships provided a unique choice for the customer.
The Advantages of TTM - Advancing Innovation and Efficiency
TTM's success with the tier-1 automotive electronics company was attributed to various factors. These include strong quote follow-up, technical support, and delivery of quality products. Building trust with the customer allowed for a closer partnership. TTM's proposal emphasized its excellent technical support, automotive quality products, and necessary level of technology. The victory was due to capital investment in automotive-grade HDI capabilities, customer trust, and alignment between sales, program management, and factory operations. The benefits to the customer included high-quality products, strong quote follow-ups, and reliable technical support. This success was achieved through timely communication, early engagement in development projects, and effective cross-functional collaboration.
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