LG & Qualcomm will jointly develop a 5G in-vehicle platform
LG may consider an exit of the smartphone business. However, the company still rocks in many other segments and keeps breaking records in sales every quarter. Now, the LG Electronics business announced a partnership with US chipmaker Qualcomm Technologies Inc for the development of 5G automotive platforms. According to a senior LG executive, this is a strategic move by LG as it pursues expansion in the emerging markets of automotive technology.
For those unaware, Qualcomm is a leading manufacturer and number one semiconductor supplier in telematics and wireless car connectivity. Apparently, the company aims to deploy what it termed “reliable, connected, intelligent and location-aware next-generation vehicles” with its expanding group of partners. So far, Qualcomm established a partnership with LG, Continental AG, and ZTE Corp.
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The Global Image Recognition in Retail Market is estimated to be USD 1.5 Bn in 2020 and is expected to reach USD 3.7 Bn by 2025, growing at a CAGR of 20%.
Image Recognition means identifying a specific image and placing it in a predetermined category. It uses computer algorithms for digital image processing and thus helps in processing videos and removing blur images. The technology further allows images to convert into two or more defined dimensions, which categorize the digital image processing as multidimensional systems.
Image recognition in retail includes the technologies which help to enhance the in-store experiences of customers. The use of high bandwidth data services in the retail and BFSI sector can be attributed to the growth of the image recognition market. android devices with cameras are attracting vendors to invest in the market. Increasing demand for security in products and applications
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