- Killing three birds—localization accuracy, security, and
compatibility—with one stone
- Aiming for mass production in 2027: "Will solidify standing
as a leading company in the automotive communication component
market"
SEOUL, South Korea,
Aug. 1, 2024 /PRNewswire/ -- LG
Innotek (CEO Moon, Hyuksoo) is gearing up to take the lead in the
automotive communication component market with its cutting-edge
'Digital Key solution'.
The Digital Key is highlighted as a next-generation car key that
can be used to open, lock, and start the car using a smartphone
connected to the vehicle through wireless communication technology.
Users will no longer need to carry a separate car key, eliminating
the worry of misplacing it. And since the car can be started only
with a smartphone connected to the digital key, there is a low risk
of theft.
With the recent growth of the vehicle sharing industry,
including car sharing and car rental, the demand for digital keys
is on the rise. According to the global market research firm
Persistence Market Research, the automotive digital key market is
expected to more than quadruple, from USD
3.0167 billion in 2023, reaching USD
11.3813 billion in 2033.
LG Innotek has continuously enhanced the performance of its
products since it first launched a 'Digital Key Module for
Vehicles' in 2021. Now, it has developed a 'Next-Generation Digital
Key solution' that significantly enhances the safety and
convenience of passengers.
This product is a package of not only a digital key module
installed with an antenna and circuitry but also software to
operate the digital key. It places the company in a highly
advantageous position in the automotive communication component
market.
- Killing three birds—localization accuracy, security, and
compatibility—with one stone
LG Innotek's 'Next-Generation Digital Key solution' incorporates
the unrivalled wireless communication technology capabilities that
the company has accumulated over the past 40 years.
It is equipped with short-range communication technologies,
including Bluetooth Low Energy (BLE) and Ultra Wideband (UWB). UWB
is a wireless communication technology that uses a wide bandwidth
frequency that is less prone to interference than BLE. This
technology plays a crucial role in accurately measuring the
location of the smartphone connected to the digital key. This is
complemented by the company's proprietary algorithm, which
accurately detects the smartphone's location to within 10cm. This
industry-leading performance is expected to significantly reduce
the failure rate of existing digital keys.
Operating based on short-range wireless communication, LG
Innotek's 'Next-Generation Digital Key solution' is significantly
more secure than the existing solution that is currently available
on the market. This is because the risk of remote hacking cannot be
ruled out due to the wide coverage of the long-range communication
method used.
In particular, the product is equipped with the company's
independently-developed wireless communication hacking prevention
technology to ensure that the digital key function can be activated
only by the smartphone authorized by the user. This solves the
security issue that has been pointed out as the biggest
vulnerability of connected cars.
In addition, it adheres to the latest standards of the 'Car
Connectivity Consortium (CCC)', a global digital key
standardization organization. It can be used regardless of country,
terrain, or vehicle type and is compatible with a wide range of
smartphones. It is also designed to be interoperable with both iOS
and Android operating systems, enhancing user convenience.
Furthermore, the 'Next-Generation Digital Key solution' is
equipped with a radar that was developed in-house to provide
additional functions that enhance safety and convenience.
An example is the 'Child Presence Detection (CPD)' function for
when a child is left in the vehicle. The radar instantly detects
the child's movement or breathing and sends a real-time alert to
the user's smartphone.
In 2022, 33 children in the United
States lost their lives from heatstroke after being left
alone in a car. To prevent similar accidents in the future,
the United States and Europe are planning to make in-car CDP systems
mandatory in 2025.
Most importantly, LG Innotek's 'Next-Generation Digital Key
solution' is the smallest in the industry. More than 60 components
and modules for BLE and UWB wireless communication, including RF
(radio frequency) and power supply devices and in-house developed
software, are packed into a solution smaller than a business card.
This provides differentiated customer value, including greater
design freedom.
- Aming for mass production in 2027: "Will solidify
standing as a leading company in the automotive communication
component market"
LG Innotek has set 2027 as its target year for full-scale mass
production of its 'Next-Generation Digital Key solution' and is
actively promoting it to global customers of fully-built units.
In addition to this, it is accelerating efforts to capture the
automotive communication component market with the
second-generation '5G-V2X Communication Module' that it developed
last year. The company recently won an order for this module from a
global automaker and expects to expand its sales volume of vehicle
communication modules by more than four times this year compared to
last year.
LG Innotek CEO Moon said, "LG Innotek will continue to foster
automotive communication components based on its unparalleled
wireless communication source technology as the core pillar of its
electronic component business." He then added, "We will continue to
present products that offer differentiated customer value and
solidify our position as a leader in the global automotive
communication component market."
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