Cognata and Hancom MDS sign a key partnership agreement to accelerate ADAS and AV simulation adoption in the Korean market
Cognata, Ltd., announced the integration of Cognata’s simulation authoring software into Hancom’s advanced portfolio, to further accelerate AV and ADAS simulation adoption into the progressive Korean market. Cognata’s extensive simulation platform solution is designed to test, train and validate perception and control challenges autonomous functions from all vertical markets – from Urban uses, warehouse robots, agriculture machinery, defense, construction, and more.
Over the past 20 years, Hancom MDS has positioned itself as a leader in embedded solutions for the Korean automotive landscape. In a mission to revolutionize our lives with Smart Cars and Cloud computing, Hancom MDS is always looking for a convergence solution that connects technologies in various fields and brings them together.
Along with Hancom MDS’s extensive experience in the embedded solution segment, Cognata will be able to dramatically extend its reach and expand its offering to provide significant value to the Korean automotive landscape, on a nationwide scale.
The Advanced Driver Assistance Systems Market was valued at USD 36.80 billion in 2021 and is expected to reach USD 92.09 billion by 2027 registering a CAGR of over 16.70% during the forecast period 2022-2027. South Korea is considered among the fastest-growing regions in the global ADAS market.
“We recognize the Korean automotive market as one of the fastest adopting regions for ADAS and autonomous solutions both from a regulatory point of view and a technology perspective”, says Danny Atsmon, CEO & Founder of Cognata. “We feel fortunate to be able to serve as an integral player in the ADAS & AV market and partnering with Hancom MDS in Korea will allow us to bring our cutting edge simulation technology to the hands of the most advanced OEMs in the world.”
Lee Changyoul, CEO of Hancom MDS, said, “Along with Cognata’s cutting-edge simulation software platform combined with Hancom MDS’s professional total solutions, Hancom MDS is planning to collaborate with Cognata to enable customers to test and thoroughly validate ADAS and AV functions safely”.
