In January, Toyota Said Its Mobility Software SUBSIDIY “Woven by Toyota” was investment $ 44 million into japanese rocket maker interstellar technologies. Rival Honda Has been developing a proprietary Reusable Rockt Since 2019 to Launch low-Earth orbit satellites to space. Chinese automaker Gely Holding GroupA Tesla Competitor, has Invested $ 326 Million to Manufacture its Satellites.
“What are those satellites going to be used for and what are they already being used for?” Said Micah Walter-Range, President of Consulting Firm Caelus Partners. “Some of it is for improving navigation services for cars. What’s going on on the road is incredibly valuable. “
Cars today use satellite connectivity for tracking and location, software updates and entertainment like satellite radio. But as cars become more connected, automakers need the infrastructure to make that possible. That’s where satellites, and the rockets needed to launch them, come into play. One recent report estimates that by 2030, Connected Vehicles BE A $ 742 Billion Annual Revenue Opportunity for Automakers and Suppliers.
“In the smartphone world, Apple is shifting from a single device sala to additional services that can be provided through the life of that device, “Walter-line said. You know, Once you sell that car, are there additional revenue streams that you can get by providing services? Some of that services can be delivered from space. “
One model is charging subscriptions for advanced driver assistance systems. General motors‘Super Cruise Uses Cameras, Sensors and Real-Time Location and Map Data from GPS Satellites to Allow The Vehicle to do things likes likes like automatically steer and keep the car center. In the company’s fourth -Quarter earnings report, gm ceo mary barra said the company expected Company.
Watch the VIDEO To find out how else automakers and car companies can benefit from each other.
(Tagstotranslate) autos
