September 10, 2019 / 5:17 PM / 4 months ago

Bosch expects driver assistance systems to reach 2 billion euro sales in 2019

FILE PHOTO: Volkmar Denner, CEO of Bosch attends the company's Connected World Conference in Berlin, Germany, February 21, 2018. REUTERS/Axel Schmidt

FRANKFURT (Reuters) - As vehicles get smarter with more sophisticated emergency braking, lane assist and distance control systems, auto supplier Bosch expects sales to rise to 2 billion euros this year, Chief Executive Volkmar Denner said on Tuesday.

Sales of radar sensors alone will grow 20% in 2019 and those of video sensors by 30%, Denner said at the Frankfurt Motor Show.

“For the next levels of automated driving we will invest 4 billion euros up to 2022. The next step is freeway assistants to allow drivers to take their hands off the wheel,” Denner explained.

Bosch is developing systems which allow for a so-called level 2 autonomy for Asian and U.S. markets, Denner said.

Reporting by Edward Taylor; Editing by Angus MacSwan

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