Poised for Growth

Automotive Market

Automotive was our best performing vertical market in fiscal year 2022, with net sales exceeding $580 million. This represents a 6% increase compared to fiscal year 2021, with strength in electronic power steering, automated driver assistance, and electronic braking—including redundant safety systems in self-driving applications.

Helping Our Customers Lead in the Market
As Advanced Driver Assistance Systems (ADAS) become more widely adopted and consumer trust continues to increase, Kimball Electronics is poised to continue its position as a leading EMS provider for the Automotive market. Kimball Electronics supports our customers in the manufacturing of key electronic assemblies that will enable further advances in ADAS such as: battery management, electronic steering control units, electronic motor control units, diesel engine electronic control units, electronic power steering units, overall vehicle electrification, and redundant safety control units.

Unparalleled Automotive Electronics Manufacturing Experience
We understand the importance of safety and reliability and work with our market-leading customers to ensure the highest levels of quality and security of supply. Since 1985, the technology in vehicles has evolved. What has not changed? Kimball Electronics’ ability to provide the highestquality and highest-reliability in automotive electronics manufacturing. That takes serious experience and “know-how”. We continue to support customers that are recognized as leaders in automotive technologies and will continue to for many more decades.

+38 million automotive assemblies manufactured in fiscal year 2022

Vehicle Electrification
Automakers are continuing to respond to customer demand by developing more Electric Vehicle (EV) models, including both plug-in hybrid electric vehicles and battery electric vehicles, that are increasingly cost-competitive with their internal combustion engine counterparts. According to forecast summaries by the Edison Electric Institute (EEI), the available number of EVs is projected to reach 26.4 million in 2030, up from 2.4 million at the end of 2021, and predicted to be more than 10% of the 259 million vehicles (cars and light trucks) expected to be on U.S. roads in 2030. It took eight years to sell the first one million EVs and fewer than three years to sell the next million. It is projected that the next one million EVs will be sold in just twelve months, before the end of calendar year 2022. Annual sales of EVs will be nearly 5.6 million in 2030, reaching nearly 32% of annual light duty vehicle sales in 2030. Kimball Electronics is poised for growth as our customers make the transition to the demand in the electric vehicle market.

“We see the rapid adoption of EVs, the expansion of autonomous driving, and vehicles with increasing connectivity as areas of possible upside where our chassis control expertise, and core manufacturing competencies, align very well with the stringent production standards of the automotive industry.” Don Charron, CEO

Source: Electric Vehicle Sales and the Charging Infrastructure Required Through 2030, Edison Electric Institute, June 2022.

35.41% of the Automotive assemblies manufactured in fiscal year 2022 were for the applications of steering and braking

Meeting the Vehicle Electronics Needs of Tomorrow
Kimball Electronics has over 37 years of experience producing the highest quality electronic assemblies that meet the most stringent regulatory requirements of the automotive industry. The innovations and initiatives propelling the growth in global vehicle production is centered on the development of autonomous vehicles and the electrification of tomorrow’s cars. Kimball Electronics is actively manufacturing products for our customers in all vehicle electrification emerging areas with solutions and expertise in steering and braking systems. In fact, over 35% of the Automotive assemblies manufactured in fiscal year 2022 were for the safety-critical applications of steering and braking. Our longest customer relationships include some of the world’s top manufacturers of steering and braking systems and the pioneers leading the way in developing the vehicles of tomorrow.