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24
'23
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Vecow News
VECOW AND KUDAN TO ADDRESS GROWING DEMANDS OF OUTDOOR AUTONOMOUS MOBILITY AND MOBILE MAPPING APPLICATIONS
The two companies will conduct joint product developments to meet the objectives described and collaborate on marketing, business development, and sales activities leveraging their global business footprints as well.
Vecow Co., Ltd. and Kudan, a leading provider of real-time simultaneous localization of mapping (SLAM) software, have announced the expansion of their strategic partnership. This partnership expansion brings together Kudan's expertise in commercial-grade SLAM software technology and Vecow's innovation in time synchronization technology and strength in AI computing systems, enabling full-scale accuracy, reliability, and robustness for outdoor autonomous mobility and mobile mapping applications.
The opportunities and growth potentials for outdoor autonomous vehicles, robotics, and mobile mapping are significant. According to research firm Markets and Markets, the outdoor robotics market and mobile mapping market are projected to grow at a CAGR of 27.4% and 19.5%, respectively, during the forecast period from 2021 to 2026. This growth is driven by increasing demand for automation, digital transformation, and growing investment in smart city and next-generation infrastructure projects, where numerous industries are poised to benefit from relevant solution deployments.
While an increasing number of companies are trying to capture market needs by developing their solutions, many face challenges in delivering accurate and robust performance against diverse and complex environments due to a lack of reliable time synchronization, positioning, and mapping technologies. By combining multi-sensor fusion-based Visual and 3D-Lidar SLAM technologies from Kudan, and a sophisticated while rugged time synchronization and edge computing system, called Time Sync BOX from Vecow, this collaboration expansion aims to help the market players address their pain points, and improve the capabilities of outdoor autonomous robots and mobile systems with enhanced accuracy, robustness, safety and efficiency against various operational scenarios.
More details about this strategic partnership expansion will be announced separately in the future.
