TerraNet designs and develops software for advanced driver-assisted systems (ADAS) and autonomous vehicle and self-driving fleets, trucks and buses. The technology enables communication between vehicles and other objects, such as mobile phones and connected buildings, with low latency and high-accuracy positioning.
Pär-Olof Johannesson, CEO at Terranet, about VoxelFlow.
An autonomous vehicle is equipped with sensors to provide a 360° view. Several technologies are needed in the composition of a self-driving car, including radio positioning, radar, LIDAR, GPS, camera, ultrasound and more. TerraNet develops software for collision warning, and optimizing positioning mechanisms for simultaneous localization and navigation of connected and interconnected vehicles, with low latency and high accuracy.
A booming industry
Self-driving vehicles are predicted to reach an annual growth rate of 20% by 2030*. It is a paradigm shift resulting from today’s high number of traffic accidents, 94% of which are caused by human error. With an increase of autonomous vehicles, we will see a significant reduction of traffic accidents. TerraNet is well positioned in the ecosystem of this industrial revolution.
Agile development and Active Safety
The technology can be used in different settings, from automated vehicles to intelligent transportation systems in a variety of environments, including industrial mining. In parallel, TerraNet conducts research on new uses for the technology. One of these is collision warning systems for vulnerable road users. To meet increasing demands in the industry, we are continuously developing partnerships with industry leaders and component suppliers of active safety systems for car manufacturers.
*Frost&Sullivan, ** National Highway Traffic Safety Administration