Strattec designs and manufactures vehicle access and security components for the automotive industry. The company operates across three product pillars: permission systems, such as mechanical and electronic locks, key fobs, and digital keys; motion systems, including powered liftgates and sliding doors; and hold systems, comprising latching mechanisms. These products are platform-agnostic and serve internal combustion, hybrid, and electric vehicles. Strattec sells directly to original equipment manufacturers, with General Motors, Ford, and Stellantis generating most of its revenue, alongside secondary sales to aftermarket channels. The business model relies on multi-year program awards; Strattec engages with automakers during vehicle design phases and supplies components over multi-year platform lifecycles. Because the company maintains a fixed manufacturing base in Mexico and the United States, profitability depends on customer vehicle production volumes. Strattec's strategy centers on driving operational efficiency through plant automation, broadening customer relationships beyond Detroit-based automakers, and expanding its digital key and power access product lines.