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Barclays: Connected Cars Take Center Stage At CES, 3 Themes Emerge

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Brian Johnson of Barclays believes that “The Connected Car” has taken center stage at the Consumer Electronics Show and that three themes stand out.

Firstly, autonomous driving is gaining track as auto manufacturers and parts suppliers are demonstrated partially self-driving cars either on local streets or highs. The analyst notes that Delphi Automotive PLC (NYSE: DLPH) and MobileEye NV (NYSE: MBLY) are two key beneficiaries to the ongoing theme.

Second, infotainment options continue to “proliferate across a broad range,” ranging from low-cost smartphone mirroring systems to higher end embedded systems. Delphi Automotive is making progress on a multi-domain controller that pulls together infotainment and body control logic onto a single chipset while maintaining a higher degree of security.

Finally, new competition and cooperation opportunities from other technology companies are emerging that are neither Apple Inc. (NASDAQ: AAPL) nor Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL). In fact, the analyst sees NVIDIA Corporation (NASDAQ: NVDA) increasing its exposure to the space with its neural network support for ADAS applications on the new TegraX1 chip.

Latest Ratings for DLPH

DateFirmActionFromTo
Oct 2019Initiates Coverage OnNeutral
Sep 2019MaintainsNeutral
Jun 2019Initiates Coverage OnNeutral

View More Analyst Ratings for DLPH
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Posted-In: Barclays Brian Johnson CES Connected CarAnalyst Color Events Analyst Ratings Tech

 

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