5G in Automotive and Smart Transportation Market to grow with a healthy growth rate of more than 26% by 2027
With this study you can expect a perfect mix of qualitative and quantitative analysis that will allow to explore market gaps and opportunity. The final compilation of the report includes n-number of players and some of the profiled players includes AUDI AG, BMW AG, Robert Bosch GmbH, Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson Etc.
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Summary
Global 5G in Automotive and Smart Transportation Market is valued approximately USD 747.53 million in 2019 and is anticipated to grow with a healthy growth rate of more than 26% over the forecast period 2020-2027. Automotive and Smart Transportation are vehicles are equipped with internet access facility and mainly work on wireless local area network. This internet connection helps the cars to connect with other devices both inside and outside the vehicle. These connections help to connect to smart phone which help use the advancing technologies in the car. The Integration of 5G in these Automobiles enables quick transfer of data without major loss in time. This speed provided by the integration of 5G enables real time data and information.
Further, rise in the Demand for Safer, More Efficient, and Convenient Driving among the customers and government Mandates for Connected Car Applications has led the adoption of Connected Car across the forecast period. Also, evolution of the New Value Chain Ecosystem of the Automotive Industry is expected to fuel the demand for Connected Cars. However, the connected cars market faces a major restrains owing to the lack of supporting Infrastructure for connected cars in the developing countries and unavailability of standard Platforms.
Further, the increasing hacking of internet connected devices and high costs of these cars pose a major challenge to the connected cars market. the integration of 5G in these Connected. Moreover, the increasing company initiatives fuels the market growth. As in July 2020, Tesla announced to have almost reached the level 5 autonomous driving technology. The company is also developing a new heat projection or cooling system to enable more advanced computers in the car. While in June 2020, Huawei announced to develop a self-driving 5G enabled vehicle that will be used to deliver medical supplies to the hospitals. For this the company has also partnered with Thailand national Broadcasting, telecommunication (NBTC) and Siriraj Hospital.
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Major market player included in this report are:
AUDI AG, BMW AG, Robert Bosch GmbH, Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, Huawei Device Co. Ltd., Daimler AG, Nokia, Qualcomm Technologies Inc., Telefónica S.A.
The detailed segments and sub-segment of the market are explained below:
By Solution:
Hardware Components
Software Solutions
Services
By Application:
Vehicle-to-Everything (V2X)
Infotainment and Telematics
Fleet Management
By Industry:
Automotive
Defense
Transportation Infrastructure
Warehousing and Logistics
Public Safety
Others
By Region:
Asia Pacific, North America, Europe, Latin America and Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
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Target Audience of the Global 5G in Automotive and Smart Transportation Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global 5G in Automotive and Smart Transportation Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global 5G in Automotive and Smart Transportation Market Dynamics
3.1. 5G in Automotive and Smart Transportation Market Impact Analysis (2018-2027)
Chapter 4. Global 5G in Automotive and Smart Transportation Market Industry Analysis
Chapter 5. Global 5G in Automotive and Smart Transportation Market, by Solution
5.1. Market Snapshot
5.2. Global 5G in Automotive and Smart Transportation Market by Solution, Performance – Potential Analysis
Chapter 6. Global 5G in Automotive and Smart Transportation Market, by Application
Chapter 7. Global 5G in Automotive and Smart Transportation Market, by Industry
….Continued
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