Connected car could bring a new opportunity for many companies, whether an established company with years of experience or start-ups. Bosch could be one of them. It seems that the company is entering the market at the right time. Previously, Bosch is known to work with most manufacturer companies; however, it is currently expanding its services to technology companies and business car rental.
At the end of 2015, it is expected that Bosch will have about 0,000 connected services for vehicles industries. Some of the services offered by Bosch, for example, for car rental companies to monitor the distance the car traveled and the collection of their data so that it is easier to do maintenance when needed.
Bosch expects sales of its radar and video sensors for cars to double this year. The sensors are used for the driver assistance system that is able to automatically apply the brakes if necessary or to help the car to stay in the same lane especially when driving on the roads. The sensors and cameras are even necessary in a larger scale that automakers are pushing for self drive cars when the cars computers play a greater role in road safety.
Recently Bosch is reported to work with TomTom, high -definition mapping provider to integrate data from Bosch sensors with TomTom maps to create navigation systems for auto cars -conduct. It appears that the German manufacturer has found new sources of revenue for its activities.
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