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LG Innotek aims to grow its Vehicle Sensing Solution business into a 1.4 billion USD operation by 2030

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To newly establish a LiDAR business organization directly under the CEO recentlyTo strengthen Vehicle Camera Module business capability via equity investment, product enhancement, and factory expansion.To become a ‘Vehicle Sensing Total Solution Provider’…providing differentiated customer values 

SEOUL, South Korea, July 3, 2024 /PRNewswire/ — LG Innotek (CEO Moon Hyuksoo) is poised to accelerate growth in the vehicle sensing solution business by leveraging its leading-edge optical technology to drive innovation in the future mobility sector.

At a press conference held in March, LG Innotek CEO Moon, Hyuksoo outlined his plans, stating, “We will identify a new business opportunity where we can leverage our company’s distinctive ‘No. 1 know-how’ in the mobile camera module industry to establish a robust business portfolio.”

The sensing solution business for AD (Autonomous Driving) & ADAS (Advanced Driver Assistance System) is one of the most promising areas where the CEO’s management strategy can be implemented with the greatest impact.

The paramount concern in the autonomous driving market, which is emerging as a key area for future vehicles, is the safety of both drivers and pedestrians. If a vehicle cannot accurately detect obstacles that hamper driving, it may lead to a serious accident. This is the reason why car makers are investing in advanced vehicle sensing solutions.

To newly establish a LiDAR business organization directly under the CEO recently

LG Innotek has identified ‘High Performance LiDAR’ as a key pillar of its Vehicle Sensing Solution business and is pursuing a targeted approach to the LiDAR market.

In particular, LG Innotek has recently established a dedicated business division for LiDAR, reporting directly to the CEO. The development and business of LiDAR, previously dispersed across the existing optical solution business division and CTO, have been consolidated under the LiDAR business division. This organisational restructuring was driven by the CEO’s strong desire to oversee the LiDAR business directly and to enhance capabilities and operational efficiency.

LG Innotek has been consistently strengthening its core capacity to engage in the LiDAR business since 2015. Last year, LG Innotek acquired 77 US patents related to LiDAR from a US autonomous driving startup company. The company currently holds over 300 patents related to LiDAR.

To strengthen Vehicle Camera Module business capability via equity investment, product enhancement, and factory expansion.

Another product line that LG Innotek has identified as a key pillar is high-value added vehicle camera modules.

The majority of camera modules mounted on vehicles that have been commercialised to date tend to fulfil only the basic function of filming and have low added value as products. However, as we enter the era of autonomous driving, the vehicle camera modules must take on the role of the eyes of a driver. It is therefore vital that vehicle camera modules are equipped with enhanced sensing capabilities.

In line with such trends, LG Innotek has entered into a contract for equity investment with AOE Optronics (hereinafter referred to as ‘AOE’) to enhance its capabilities in the vehicle camera module business.

Recently, there has been a notable increase in demand for ‘Aspherical Glass Lenses’, a key component for high-resolution cameras in the autonomous driving vehicle industry. AOE has considerable expertise in manufacturing technologies for this specific area. By working closely with AOE, LG Innotek is able to accelerate the development of high-value camera modules.

Furthermore, in February 2024, LG Innotek launched a ‘High-Performance Heating Camera Module’, designed to rapidly defrost vehicle camera lenses in cold weather conditions. This module maintains its original size while adding a heating function to offer customers enhanced value.

LG Innotek is currently developing a high heat-generating material that can accelerate heating even faster than the current product. The company intends to conduct performance verification on the ultra-high-speed heating camera modules incorporating this material.

Moreover, LG Innotek is developing camera modules with a washing function to remove foreign substances like dust from the lens while driving. These will enable the company to expand its high-value-added vehicle camera module portfolio.

The company is also investing in facilities to occupy the vehicle camera module market.

In addition, LG Innotek purchased approximately 99,173 square meters of land near its manufacturing subsidiary in San Juan de Rio, Mexico, with the intention of expanding its factory last year. The newly expanded factory is scheduled to commence mass production of vehicle camera modules in the second half of next year.

An official from LG Innotek commented, “The decision to locate the vehicle camera module production hub in Mexico was driven by our strategy to enhance our ability to serve customers in the North American region, where major car makers are concentrated, by making good use of the geographical proximity.”

To become a ‘Vehicle Sensing Total Solution Provider’…providing differentiated customer values

LG Innotek aims to become a market leader in AD/ADAS sensing solutions by offering differentiated customer value as a ‘Vehicle Sensing Total Solution Provider’ that encompasses vehicle interior and exterior solutions.

It is well-known that global car manufacturers developing autonomous driving vehicles have established various strategies for adopting different sensing components.

LG Innotek intends to continue improving the performance of vehicle camera modules in response to customers who are interested in adopting only vehicle camera modules.

Furthermore, the company is actively seeking to attract customers by implementing ‘Sensor Fusion’, which combines vehicle camera modules and LiDAR through software.

This will enable the company to offer customers a wider range of sensing parts for installation on a vehicle’s exterior and a ‘In-Cabin Vehicle Camera Module’ that can be employed for various purposes inside a vehicle, such as teleconferencing, entertainment, and infant monitoring.

The CEO stated that, based on the formula for becoming No. 1 learned from the mobile camera module business, the vehicle sensing solution business will be fostered into a business with annual sales of 1.4 billion USD by 2030 and developed as another top-ranking business.

 

[Reference 1] Outlook on size of global autonomous driving vehicle market
According to the global market research firm, ‘Precedence Research,’ the global autonomous driving vehicle market is forecasted to grow by an annual average of 35% from 158.3 billion USD in 2023 to approximately 2.35 trillion USD in 2032.

[Reference 2] Outlook on size of global autonomous driving LiDAR market
The global autonomous driving vehicle market is forecast to grow by an annual average of 35% from 158.3 billion USD in 2023 to approximately 2.35 trillion USD in 2032, according to the global market research firm, ‘Precedence Research’.

[Reference 3] Outlook on size of global vehicle camera module market
The market research firm S&P Global and LG Innotek’s internal analysis indicates that the global vehicle camera module market will grow at an annual average of 7% from 6.44 billion USD in 2023 to 10.03 billion USD by 2030 due to the advancement of autonomous driving technology.

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HKAGE Showcases Gifted Students’ Learning Journeys at InnoCarnival 2026

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Promoting “Technology for Good” Through Innovation and Creativity 

HONG KONG, Oct. 24, 2026 /PRNewswire/ — The Hong Kong Academy for Gifted Education (HKAGE) has been invited to participate in InnoCarnival 2026, organised by the Innovation and Technology Commission. Under the theme “Technology for Good, Innovation for All”, HKAGE will showcase the learning journeys of gifted students who have completed programmes on AI robotic arms, underwater archaeology, etc., demonstrating how technology can be harnessed to address societal needs.

Having proactively aligned its work with the education development strategies of the Education Bureau (EDB), HKAGE fully supports the EDB’s Blueprint for Digital Education in Primary and Secondary Schools, which seeks to advance the digital transformation of school education in Hong Kong. Building on its Talent Development Model, HKAGE systematically develops programmes, provides diversified learning experiences and engages in cross-sector collaborations to nurture gifted talents equipped with innovative capabilities, technological literacy, and a strong sense of social responsibility. At the exhibition this year, HKAGE will present how students applied knowledge gained through gifted education programmes and learning experiences in areas such as artificial intelligence, quantum computing, environmental science, underwater archaeology and sustainable development to design socially conscious solutions. These experiences reflect the students’ ability to serve society with knowledge and respond creatively to diverse challenges.

Among the highlights is the learning journey of students in the “Artificial Intelligence Course: Creative AI Robotic Arm for Inclusion”. After acquiring foundational knowledge in artificial intelligence, robotics and sensor applications, students designed, tested and refined intelligent robotic arm prototypes through real-time data analysis and algorithms. With the aim of improving the quality of life for the elderly and caregivers, students explored various application scenarios for intelligent robotic arms. Another showcase features the “Environmental Science Course: Bat Echoes – Voices of the Night”. Through acoustic monitoring, the exhibition demonstrates how students recorded bat voices and analysed related activity data and characteristics. The programme enabled students to gain a deeper understanding of local biodiversity and explore practical approaches to ecological conservation.

The HKAGE exhibition booth also features an interactive photo-taking device, allowing visitors to take photos with different gifted programme themes and share the joy of learning.

On the first day of the exhibition, a “Build Your Own Glider Parent-Child Workshop” is specially organised by HKAGE for the visitors. Under the guidance of instructors and assisted by HKAGE students, participants will learn the basic principles of aerodynamics, including lift, gravity, thrust and drag. They will also learn to design, assemble and decorate their own gliders by using lightweight and durable materials, experiencing the joy of science and engineering.

Mr WONG Chung Po, Acting Executive Director of HKAGE, said: “The Academy is committed to providing gifted students with diversified learning platforms and encouraging them to transform knowledge into innovative practices that generate positive social impact. Participation in this exhibition not only provides students with a valuable learning experience that helps consolidate the knowledge acquired in gifted programmes, but also enables the public to better understand how gifted education nurtures a new generation of creative and socially responsible talents to jointly advance the philosophy of ‘Technology for Good’.”

InnoCarnival 2026 – The Hong Kong Academy for Gifted Education

Date:

24 Oct – 1 Nov

Venue:

The Hong Kong Science Park

Booth:

C08-09

Time:

10:00 – 17:00 (Mon to Fri)

10:00 – 18:00 (Sat & Sun)

 

About the HKAGE

Established in 2008 and subvented by the Education Bureau, the HKAGE offers gifted education services actively to local primary and secondary school students to unleash their potential. It also provides gifted education-related information and support for teachers, parents, and other relevant stakeholders.

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SOURCE Hong Kong Academy for Gifted Education

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LEAP Group Relaunches HumanView, a Growth Intelligence System Built to Explain Why Customers Behave the Way They Do

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Reimagined from the ground up, HumanView pairs statistical modeling with expert analysts to turn millions of real-world customer signals into business decisions

LOUISVILLE, Ky., Oct. 23, 2026 /PRNewswire/ — LEAP Group today announced the relaunch of HumanView, its growth intelligence service. The new version has been rebuilt from the ground up and now has a dedicated home at leapgroupnetwork.com/humanview.

HumanView analyzes what customers say and do across social platforms, e-commerce sites, review platforms, search behavior and user-generated content, including signals from Reddit, TikTok, YouTube, Meta, Amazon and Walmart+ that general AI tools cannot always access. Because the data reflects unprompted, real-world behavior, it avoids the response bias built into surveys and focus groups.

The service works in three layers. HumanView captures signals at scale, decodes millions of records through validated statistical models such as regression, correlation and clustering, and then relies on experienced analysts to interpret the patterns. Clients receive clear, human-validated insights instead of another dashboard.

“Machines find the patterns. Humans find the point,” said Alan Gilleo, CEO at LEAP Group. “The first version of HumanView showed us how much customers reveal when nobody is asking them questions. This version is built to explain why they act the way they do, and to put those answers in front of everyone making decisions, from product to service to marketing.”

HumanView focuses on three areas:

Growth Intelligence: customer motivations and how people perceive a brand and its competitors

Market and Category Intelligence: product pain points, service friction, unmet needs and competitive gaps

Audience Intelligence: new segments, positioning opportunities and gaps in the market

Every model is designed and validated by data scientists and benchmarked before it informs a recommendation.

To learn more about HumanView, visit leapgroupnetwork.com/humanview.

About LEAP Group
LEAP Group is a boutique marketing agency holding company with offices in Louisville, Indianapolis, Cincinnati and Chicago. Guided by the belief that brands should “Market Less. Matter More.,” LEAP gives clients access to specialized experts across its entire network. Learn more at leapgroupnetwork.com.

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SOURCE LEAP Group

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STEPHEN A. SMITH ADDRESSES WHITE HOUSE DINNER ATTENDANCE, REAFFIRMS COMMITMENT TO HBCUs AND PROTECTING CORPORATE INVESTMENT IN BLACK EDUCATION

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Stephen A. Smith, media mogul, New York Times bestselling author, and proud 1991 graduate of Winston-Salem State University, is addressing the public discussion surrounding his decision to attend a White House dinner with President Donald Trump, emphasizing his commitment to the long-term financial stability of Historically Black Colleges and Universities (HBCUs).

For Smith, the decision was rooted in a commitment to institutions that have educated generations of Black leaders, professionals, entrepreneurs, and public servants.

“I will always advocate for HBCUs and the students whose futures depend on them,” Smith said. “My reason for attending the White House dinner was to discuss the challenges these institutions face in securing long-term funding and to make the case that corporate America must continue to invest in them.”

Smith acknowledged federal support through the FUTURE Act while expressing concern that political tensions surrounding diversity, equity, and inclusion (DEI) could discourage private companies from supporting HBCUs. He maintains that these institutions deserve sustained corporate partnerships, philanthropic contributions, and public investment.

“If we truly believe in free-market capitalism, businesses should be able to support educational institutions and charitable causes without fear of criticism or repercussions,” Smith said. “HBCUs have made extraordinary contributions to this country. They deserve sustained public and private investment.”

Ashley Christopher, Esq., Founder and CEO of the HBCU Week Foundation, recognized Smith’s advocacy and decision to engage with the administration.

“Stephen A. Smith has been a powerful advocate for HBCUs, using his platform and influence to shine a national spotlight on our institutions,” expressed Christopher, “His continued support of HBCU Week helps advance our mission of connecting students with life-changing educational opportunities, and we are proud to have him as our ambassador.”

Since Smith became an HBCU Week Ambassador in 2019, the initiative has facilitated more than 15,000 on-the-spot college acceptances and raised and awarded more than $150 million in scholarships, according to the HBCU Week Foundation.

As public discussion continues, Smith is emphasizing the importance of ensuring HBCUs have the resources and partnerships needed to educate future generations and expand opportunities for students.

CLICK HERE to watch Smith’s full response to his White House visit.

MEDIA CONTACT:

media@mrsasinc.com

View original content:https://www.prnewswire.com/news-releases/stephen-a-smith-addresses-white-house-dinner-attendance-reaffirms-commitment-to-hbcus-and-protecting-corporate-investment-in-black-education-302918547.html

SOURCE Straight Shooter Media

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