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(Telematics Wire) ADAS industry can be $212.2 billion market by 2034

Vandy, a fleet management solution from ZF Aftermarket
Vandy fleet management solution, leverages telematics and data analytics. It provides real-time vehicle tracking, diagnostics, and driver behavior monitoring. This enables fleet operators to optimize routes, reduce fuel consumption, improve vehicle maintenance, enhance driver safety, and ultimately lower operational costs.

 

 

CATL, Ant Group and Hello Inc. join hand for shared mobility ecosystem
According to a post on CATL’s WeChat account, Hello Inc., Ant Group, and CATL inked a strategic partnership agreement with the goal of integrating their core competencies in shared mobility ecosystems, digital technology, and new energy vehicle innovation.

 

 

Hyundai Mobis develops battery system with built-in fire extinguishing feature
Technology to prevent thermal runaway in electric vehicles is being advanced. On April 14th, Hyundai Mobis (KRX 012330) announced that it had succeeded in developing a new technology that can extinguish a fire immediately by spraying a fire extinguishing agent when a battery cell catches fire.

 

 

Lytx+ a video powered fleet management solution
 Lytx® Inc., announced Lytx+, a video safety technology with with industry-leading telematics, in close collaboration with Geotab Inc.

 

 

ADAS industry can be $212.2 billion market by 2034
According to report “Advanced Driver Assistance System (ADAS) Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034” added to ResearchAndMarkets.com’s offering, the Advanced Driver Assistance System (ADAS) Market was valued at USD 42.9 billion in 2024, and is projected to reach USD 212.2 billion by 2034, rising at a CAGR of 17.8%.

 

 

 

 

 

 

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