7 December, 2023

Smart Eye Announces 12 New Driver Monitoring System Design Wins with Major Korean Manufacturer

Smart Eye has been selected to deliver its world-leading Driver Monitoring System (DMS) software to an additional twelve car models. The estimated revenue of the order is SEK 150 million based on estimated product life cycle projections.

Gothenburg, Sweden – December 7, 2023 – Smart Eye, the leading developer of DMS software for the automotive industry, will deliver its technology to twelve new car models by an existing customer.

The customer is a leading Korean car manufacturer with a global manufacturing footprint. The OEM has previously sourced Smart Eye’s software for implementation in several of its earlier car models and has now chosen to extend the technology to additional vehicles.

The first of the new car models including Smart Eye’s technology will go into production in the beginning of 2024. The other car models will go into production during the second half of 2024 and 2025. The estimated revenue for the order is SEK 150 million, based on product life cycle volume projections.

“As we keep winning additional models with existing customers, we further strengthen our collaboration with the world’s leading car manufacturers,” said Martin Krantz, CEO and Founder of Smart Eye. ”The consistent high performance of our software is what has made us a leading provider of DMS to the automotive industry, and we take pride in setting the standard for quality and reliability in every model we equip with our technology.”

Smart Eye has now received a total of up to 250 design wins from 20 OEMs. The combined estimated lifetime value from current design wins is now larger than SEK 5.165 billion. The estimated value over the product lifecycle from possible additional design wins with all 20 car manufacturers is SEK 4.145 billion.

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