The automotive research and consultancy company SBD has been awarded the prestigious Queen’s Award for Enterprise within the International Trade category.
The Milton Keynes-based multinational company specialises in automotive technology, providing independent research, evaluation and strategic services to 95% of the world’s leading car manufacturers and has recorded more than 50% annual international sales growth over two years.
David Bell, CEO at SBD said, “We’re delighted to receive the Queen’s Award for Enterprise in this historic year as HM The Queen celebrates the sapphire anniversary of her reign. As Britain’s most coveted commercial prize, the award for International Trade reflects the vision we have for growth and the hard work undertaken by our colleagues around the world.
The automotive sector is undergoing significant change and SBD is at the cutting-edge. The quality of our data and our talented team puts us in a unique position to continue our rapid growth.
Receiving this award for International Trade this year is poignant as we continue to increase our footprint in overseas markets including China and Germany in 2017.”
SBD says its growth comes at a time when the automotive technology sector is forecast to grow significantly. Between 2016 and 2020, car manufacturers are forecast to spend more than €42 billion on offering connected car services and higher levels of vehicle automation in the EU, USA and China.
SBD’s research and strategic services focus on three growth areas: vehicle connectivity, autonomous car technologies and automotive cybersecurity.
Recent investment from venture capitalists Albion Ventures has enabled SBD to further scale its operations globally, add to its team of specialists and allow the development of innovative new ways of supporting the automotive industry.