Arrow Electronics Expands Automotive Software Development with New Centers
Rotterdam, Friday, 1 November 2024.
Arrow Electronics enhances its automotive software capabilities by opening development centers in Munich and Istanbul. This expansion, coupled with the acquisition of iQmine, aims to support customers in developing next-generation automotive products amidst the industry’s shift towards connected, autonomous, and electrified technologies.
Strategic Expansion to Meet Industry Needs
Arrow Electronics, a global leader in technology solutions, is strategically expanding its Automotive Centre of Excellence (CoE) by inaugurating new development centers in Munich, Germany, and Istanbul, Turkey. This move is designed to bolster the company’s ability to support its clients as they venture into the development of cutting-edge automotive products. As the automotive industry increasingly shifts towards connected, autonomous, shared, and electrified (C.A.S.E) technologies, the need for robust software solutions has never been greater. By establishing these centers, Arrow Electronics aims to address the industry’s growing demand for advanced engineering and software solutions that can keep pace with technological innovations.
Enhancing Capabilities Through Strategic Acquisition
Further enhancing its capabilities, Arrow Electronics recently acquired iQmine, a prominent engineering service provider renowned for its expertise in AUTOSAR, ECU software development, functional safety, and vehicle diagnostics. iQmine’s integration into Arrow’s operations is expected to significantly enhance the Automotive CoE’s ability to deliver comprehensive solutions. This acquisition aligns with Arrow’s commitment to integrating sophisticated technologies and expertise to overcome the challenges associated with adopting new automotive software technologies. The collaboration between Arrow and iQmine underscores a shared vision to innovate and elevate the standard of automotive engineering services.
Addressing Challenges in the Automotive Sector
The automotive industry is currently facing numerous challenges, particularly in the adoption of connected and autonomous technologies. A significant barrier is the lack of internal technical talent and relevant skills needed to implement these advanced systems effectively. Arrow Electronics, with the help of its subsidiary eInfochips, aims to mitigate these challenges by accelerating the time-to-market for software technologies and engineering services. eInfochips, a vital component of Arrow’s strategic operations, has a proven track record, having developed over 500 products and completed 40 million implementations across 140 countries. This wealth of experience positions Arrow to effectively support its clients in overcoming technical hurdles and capitalizing on new market opportunities.
A Vision for the Future of Automotive Technology
Rick Marano, president of Arrow’s global components business, highlights the importance of the C.A.S.E trend as a framework for the future of the automotive industry. By focusing on connected, autonomous, shared, and electrified technologies, Arrow is positioning itself as a key player in driving innovation within the sector. With a reported global revenue of $33 billion in 2023, Arrow Electronics continues to demonstrate its capacity to lead and adapt in a rapidly evolving technological landscape. The company’s expansion efforts, combined with strategic acquisitions and partnerships, underscore its commitment to advancing the automotive industry through cutting-edge solutions and collaborative innovation.