Valeo has been awarded the 2024 Global Company of the Year Award for Software Defined Vehicle activities by Frost and Sullivan.
With the development of electric, autonomous and connected cars, software has become a key component of modern mobility, and car manufacturers are moving from a hardware-based architecture to a software-based architecture, the Software Defined Vehicle (SDV).
Valeo is the key innovation partner of global OEMs for their SDV as the Group offers the largest portfolio of sensors, high performance computing units along with their cooling systems, as well as one of the largest software offerings in the market, including embedded software, software as a product and software services (integration, validation, testing). Valeo has more than 30 years of experience in providing software solutions for safer, cleaner, affordable mobility. Today, more than 40% of Valeo’s 20,000 engineers are dedicated to software, systems and artificial intelligence, and we are growing our forces.
"We are honored to receive the 2024 Global Company of the Year Award from Frost & Sullivan. This recognition highlights our leadership in the Software-Defined Vehicle revolution, combining cutting-edge software with advanced computing platforms," said Marc Vrecko, CEO of Valeo Brain division.
Each year, Frost & Sullivan presents a Company of the Year Award to the organisation that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognises a high degree of innovation in products and technologies, and the resulting leadership in terms of customer value and market penetration.
Kamalesh Mohanarangam, Associate Director and Head of Connected and Autonomous Vehicles Research, Frost & Sullivan, observed "Valeo showcases its pioneering efforts in addressing customers’ unmet needs within the automotive industry with the launch of Valeo anSWer, a revolutionary transformation journey poised to redefine the future of mobility. Building upon decades of expertise and innovation, the company recognized the pressing need for a comprehensive, integrated software platform that seamlessly integrates diverse automotive functionalities."
"Valeo capitalises on the convergence of energy, big data, and computational intelligence to redefine mobility and create unparalleled opportunities in the automotive landscape. Its impressive growth trajectory over the past three fiscal years and its top-notch collaborations highlight the company’s ability to capture market opportunities effectively and deliver exceptional value propositions to customers," added Rabin Dhakal, Best Practices Research Analyst at Frost & Sullivan.