Published By : 28 Dec 2017 | Published By : QYRESEARCH
Telematics is gaining traction with electronics companies offering advanced driver assistance systems (ADAS) for self-driving vehicle applications in the automotive industry. Strategic tie-ups are becoming a vital part of such solutions. LG Electronics Inc., has tied up with HERE Technologies, a mapping data solution provider, to develop a telematics solution for self-driving vehicle applications. The solution being developed as a result of collaboration will combine the potential of telematics technology with advanced mapping technology and location services offered by HERE. Of note, HERE is owned by a consortium of prominent German automotive companies, including the likes of BMW and Audi.
Joint Telematics Solution to set a New Standard in Communication Tech for Self-Driving Cars
The solution will help in establishing a next-generation communication hub for self-driving vehicles--semi-autonomous as well as fully autonomous platforms. The new offering will integrate communication technologies such as GPS, Wi-Fi, Bluetooth, and other mobile networks, notably the upcoming 5G communication network, with the top-notch mapping solutions such as HD Live Map. The solution will facilitate the communication of telematics data transmitted by other autonomous vehicles and other information systems to technology centers for improving in-car navigation. The tie-up will notably help set a new standard in the communication technology incorporated in next-generation self-driving cars.
LG to gain Better Foothold in Connected Car Segment
LG Electronics has already gained a foothold in the telematics market since it forayed into the space in 2013. The company is continuing fortifying its position with an assortment of advanced vehicle safety and entertainment offering and communication technologies. Of note, the company has posted quarterly losses as the spiraling investment into the automobile communication technology did not pay off favorably in recent times. The agreement with a global navigation solution provider will help the South Korean multinational electronics company ramp its position in the connected cars market.