LG Electronics has joined hands with HERE Technologies, a provider of digital mapping and location services, to offer telematics solution for autonomous vehicles.
The solution combines LG’s telematics technology with map data and location services powered by the HERE Open Location Platform.
LG and HERE aim to support automakers with secure data communications hub for automated and fully autonomous cars.
ABI Research says the global commercial telematics system revenue will reach $24 billion by 2022.
The growth stimulated by the Electronic Logging Devices (ELD) Mandate in the U.S., emerging market opportunities, and last mile delivery is providing tremendous upside for numerous telematics service providers.
ABI Research forecasts that opportunities for further telematics penetration exist, especially for segments such as services, government and public transport, with CAGR’s all between 16-19 percent.
HERE is powering more than 100 million cars on the road today. The company is also working with automakers on the development of HD Live Map, its cloud-based map service which supports connected ADAS (Advanced Driver Assistance Systems) and automated driving solutions. HD Live Map identifies roads and surrounding features such as lane markings, stop signs, crosswalks, speed signs and traffic lights.
LG’s telematics solutions support various communication technologies from GPS to Bluetooth, Wi-Fi and mobile communication. LG engineers are working to develop 5G products, which will be four to five times faster than LTE with 90 percent reduction in latency.
“We’re presenting a new standard for autonomous mobile communication solutions in cooperation with HERE, which has unsurpassed cutting-edge automotive guidance technology,” said JY Kim, executive vice president of LG’s Vehicle Components Smart Business Unit.
Moon Lee, vice president of HERE Technologies APAC, said: “Our Open Location Platform-powered services can play a critical role in next-generation telematics technology for autonomous vehicles, and we’re excited to be working with LG to make this a reality.”