Asian Surveying & Mapping
Breaking News
Hexagon and Hitachi Zosen sign agreement to provide TerraStar-X Enterprise corrections in Japan
Calgary, Canada – Hexagon’s Autonomy & Positioning division and Hitachi...
China launches “Macao Science 1” space exploration satellites
JIUQUAN, May 21 (Xinhua) -- China successfully sent two...
Isro’s Chandrayaan-3 launch likely on July 12
The Indian Space Research Organisation is expected to launch...
SpaceX sends Saudi astronauts, including nation’s 1st woman in space, to International Space Station
Saudi Arabia’s first astronauts in decades rocketed toward the...
Singapore Tourism Board partners with Google to create Augmented Reality tours
Google’s ARCore and the Singapore Tourism Board (STB) launched...
India’s New Space Policy Allows Full Private Sector Involvement
Long dominated almost exclusively by the government, the Indian...
Bayanat, Yahsat and ICEYE announce an ambitious program to broaden commercial opportunities across the UAE space-ecosystem
The program aims to develop a constellation of five LEO...
International Code Council and Dubai Municipality Sign Memorandum of Understanding to Promote Safe, Innovative Construction
The collaboration supports the position of the Emirate of...
Malaysian Space Agency receives Geospatial World Excellence Award for use of technology in monitoring rice crops
KUALA LUMPUR, May 7 — The Malaysian Space Agency...
Kenya’s Taifa-1, the first satellite designed locally, rockets into the space economy
Kenya’s Space Agency (KSA) recently deployed its first earth...

September 18th, 2019
MINIEYE Initiates HD Map Updating Service Based On ADAS

SHANGHAI – Dr. Liu Guoqing, founder and CEO of MINIEYE gave a speech entitled “Exploring New Business opportunities in ADAS” in 2019 NavInfo User Group as business partner and investee. Dr. Liu announced MINIEYE now has a new role as a service provider for HD map makers.

Dr. Liu started the speech with his analysis towards current trend of autonomous driving. As capital market returns to rationality, many big companies focusing on L4 autonomous driving are now shifting their attention to ADAS. Compared to high-level autonomous driving technology, ADAS is essential to driving safety despite its lower degree of automation. MINIEYE dedicates to develop sensing technology from ADAS to high-level autonomous driving, right now nearly 30 car models have been installed their ADAS product.

In April of this year, MINIEYE closed its Series B financing led by the funds of Navlnfo, announcing the two parties will start business cooperation on HD maps. According to Dr. Liu, their cooperation is exactly based on MINIEYE’s ADAS products.

Dr. Liu introduced in his speech that data collecting and data updating are two key process of producing HD maps. MINIEYE designs a lightweight device for map data collection which enables the stability of data collection in different light conditions. Meanwhile, the considerable installment amount of ADAS products in both OEM market and Aftermarket makes it possible for MINIEYE to provide data updating service for HD map.

As most HD map makers use crowdsourcing for data updating, Liu said that vehicles installed with MINIEYE’s ADAS products are now travelling for 26 million kilometers a day on average in 30 provinces of China, making MINIEYE a reliable partner of NavInfo.

While exploring business opportunities in ADAS market, MINIEYE finds more possibilities in its business model. Compared to merely selling products or services, MINIEYE realizes data collected by ADAS products also have great potential in business value.

According to Dr. Liu, although ADAS products are the cornerstone of MINIEYE, the company is well prepared to become a provider of data collection and updating service for HD map makers.