A.I.MATICS (CEO Lee Hoon), a company specializing in automotive artificial intelligence (AI) video control, announced on the 19th that it has signed a business agreement (MOU) with Keiyo Engineering (CEO Toshiyuki Nakai) for AI-based fleet management service (FMS) business.
Through this agreement, A.I.MATICS will enter the Japanese market in earnest, and will localize and supply its AI camera 'Roadscope' series and safe driving platform 'AID' to the Japanese market.
A.I.MATICS' Roadscope series is an integrated control solution that uses AI to analyze images collected from 5-channel cameras installed inside and outside the vehicle in real time to warn drivers of dangerous situations, and transmit this data to a manager platform for real-time monitoring and operation management. This year, the company plans to supply approximately $380,000 worth of products for trucks under 2.5 tons and over 5 tons, with a target of more than $1.5 million in 2025.
Keiyo Engineering is headquartered in Tokyo and specializes in automotive aftermarket solutions, including dashcams. Through the collaboration with Keiyo Engineering, whose customers include Panasonic, Mazda Parts, and Mercedes-Benz Japan, A.I.MATICS plans to rapidly expand its presence in the Japanese market. In particular, the company will officially launch Roadscope and the AID platform at the 2024 International Auto Aftermarket Expo (IAAE) in September in the Tohoku and Kyushu regions of Japan.
"The Japanese vehicle control market is worth approximately $1.8 billion and is expected to grow at a compound annual growth rate of more than 10% through 2032 with digitalization," said Lee Hoon, CEO of A.I.MATICS. "We will continue to build strategic partnerships with overseas partners to further strengthen A.I.MATICS' position in the global market."
A.I.MATICS currently operates in major global markets such as the United States, Australia, and Israel, and through this MOU, the company plans to actively showcase the technology and competitiveness of its AI-based vehicle control solutions in the Japanese market.