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Market Activities

Zurich Insurance Group acquires Bright Box

zurich-insurance-telematicswire

Zurich Insurance Group has acquired 100 percent of the shares of Bright Box HK Limited (Bright Box) and its subsidiaries. The implications of the acquisition are: Acquisition will increase Zurich’s capabilities in connected car technologies and mobility Acquisition will strengthen Zurich’s proposition for car drivers, car dealers and original equipment …

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Denso enters into strategic partnership with Ridecell

ridecell-telematicswire

Ridecell has entered into a strategic partnership with DENSO for the advancement of new mobility services. It is known that Ridecell is a leading platform developer for carsharing and ridesharing operators while DENSO, the leading supplier of automotive technology, systems, and components for the world’s major automakers. The two companies …

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DENSO acquires InfiniteKey to develop smartphone-based automotive access

volvo keyless

DENSO has acquired InfiniteKey along with several key patents and R&D resources. The acquisition provides foundational pieces to developing phone-as-a-key technology and increases DENSO’s lead in developing and deploying smartphone-based automotive access, a critical component of the company’s strategy to create a future with frictionless mobility. This type of technology …

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The automotive cybersecurity market to grow at a CAGR of 27.99% during the period 2017-2021

Cybersecurity

The automotive cybersecurity market to grow at a CAGR of 27.99% during the period 2017-2021, says a report by ResearchAndMarkets..According to the report, one driver in the market is need for cybersecurity in growing connected car market. The growth of the automotive cybersecurity market is dependent on the need for …

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Toyota and Panasonic target further advancements in automotive batteries

toyota-panasonic-telematicswire

Toyota and Panasonic have announced an agreement to begin studying the feasibility of a joint automotive prismatic battery business. This agreement between the two companies aims to help find solutions to pressing societal issues such as global warming, air pollution, the depletion of natural resources and energy security. Furthermore, this …

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PolySync partners with 10 organizations to accelerate the development of safe self-driving cars

Self Driving Car

For accelerating the development of safe self-driving cars, PolySync — a company that provides tools and software for self-driving technology– has partnered with ten organizations like  NXP, Swift Navigation, and more such organizations spanning the autonomous vehicle development industry, including software companies, hardware manufacturers, and education providers. These collaborations provide …

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Global installed base of construction equipment (CE) OEM telematics systems to grow at CAGR of 21.3 percent to reach 4.6 million units worldwide in 2021, says report

Hitachi_Construction_Nissan_MOD_AVM_Autonomous_Driving

The global installed base of active construction equipment (CE) OEM telematics systems reached almost 1.8 million units in 2016. Growing at a compound annual growth rate (CAGR) of 21.3 percent, the active installed base is estimated to reach 4.6 million units worldwide in 2021, Berg Insight estimates. This includes all CE …

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Renovo collaborating with Samsung Electronics for the development of highly-automated vehicle technology

renovo-auto-telematicswire

Renovo is collaborating with Samsung Electronics for the development of highly-automated vehicle technology. The collaboration, which has been underway since the beginning of the year, will enable the Samsung Strategy & Innovation Center (SSIC) Smart Machines Group to use Renovo’s AWare operating system in its first fleet of test vehicles …

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Europe and North America will reach 65.2 million active insurance telematics policies in 2021, says report

usage-based-car-insurance-

According to a new research report from the IoT analyst firm Berg Insight, the number of insurance telematics policies in force on the European market reached 6.8 million in Q4-2016. Growing at a compound annual growth rate (CAGR) of 34.8 percent, this number is expected to reach 30.0 million by …

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Ouster announces the launch of OS1 LIDAR and $27 million in Series A funding

ouster-telematicswire

Ouster, a San Francisco-based developer of LIDAR technology emerged from stealth announcing the launch of the company’s new OS1 model LIDAR, and $27 million in Series A funding, led by Cox Enterprises. The OS1 represents a step-change in LIDAR sensing technology that is available on the market today, with marked …

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