Source: Taiwantrade | Updated: 02 February 2015
Taiwan-based Pegatron Corp., a contract electronics supplier for Apple Inc. and other brand vendors, recently annouced that it is working with German luxury-car maker Audi AG on developing smart car applications.
After four years of cooperation with Audi, the project is expected to enter production in the near term, Pegatron Chairman Tung Tsu-hsien told reporters on the sidelines of the Mayor's Summit of the Smart City Expo in Taipei.
Tung estimated that the revenue his company will generate from its smart car business will be 10 times higher this year from last year due in part to the Audi partnership and similar projects with Japanese car makers, who have asked not to be named.
Partnering with Audi represents Pegatron's latest foray into the Internet of Things (IoT) -- the trend of connecting more devices to each other and to the Internet, which Tung said will take time to develop.
According to a forecast by research firm IDC, the global IoT market will be valued at US$7.1 trillion in 2020 with a compound annual growth rate of 17.5 percent between 2013 and 2020. About 5 billion smart connected devices worldwide will be shipped during that time.
Researcher IHS Automotive has forecast that the number of cars connected to the Internet worldwide will grow four times from 36 million at present to 152 million by 2020.
Chi-wei Chang (email@example.com)
Source: Focus Taiwan