Press release
5G in Automotive & Smart Transportation Market Insights by 2030 – Cumulative Impact of COVID-19
5G in automotive & smart transportation is integration of 5G communication technology within automobile and public transportation. 5G in automotive & smart transportation has enabled automobile manufacturers to provide advance features such as fuel tracking, Advanced Driver-Assistance Systems (ADAS), real-time navigation and communication, in-vehicle infotainment systems, speed and cruise control, and improved fleet management. Furthermore, it has enabled service providers to enhance vehicle-to-everything (V2X) communication solutions to improve safety within vehicles.Want to know the obstructions to your company’s growth in future? Request a brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=80764
Global 5G in Automotive & Smart Transportation Market – Dynamics
Increase in Demand for Advance Technology Integration in Automobiles Industry
Rise in demand for electric vehicles and smart vehicles, specifically in North America and Europe, has fueled the demand for the advance technology integration such as voice assistant and ADAS. For instance, in January 2020, Amazon Inc. announced partnerships with Lamborghini and Rivian, new auto-specific skills for its Alexa voice assistant. Increase in demand for NextGen technology in automobiles is boosting the 5G in automotive & smart transportation market.
Lack Awareness about Technology Integration and Communication Infrastructure hampers 5G in Automotive & Smart Transportation Market
Lack of communication infrastructure in countries such as Brazil, India, ASEAN, and Africa. Incompatible network infrastructure impacts the demand for 5G in automotive & smart transportation, as these services depend highly on strong communication service. With poor network infrastructure, the output with the 5G services can’t be optimum in nature. On the other hand, domestic manufacturers of automobiles also resist new technology adoption within these countries majorly due to increased overall price of the vehicle, which is used in transportation service.
North America to Dominate Global 5G in Automotive & Smart Transportation Market
In terms of region, the global 5G in automotive & smart transportation market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the 5G in automotive & smart transportation market during the forecast period due to strong adoption of communication technology within the automobile and transportation industries.
COVID-19 Impact on Global 5G in Automotive & Smart Transportation Market
The COVID-19 pandemic is expected to moderately impact the global 5G in automotive & smart transportation market. Automobile manufacturing and production industries are highly skeptical about the new investment specific to technological advancements within the industries. Nationwide lockdowns imposed in several countries have directly impacted the automobile industry, which is also a major reason behind such skeptical investment.
Looking for exclusive market insights from business experts? Buy Now Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=80764<ype=S
Global 5G in Automotive & Smart Transportation Market – Competition Landscape
In February 2020, Ericsson and Audi came together in a partnership, which would be primary focused on 5G-powered automation application on its car manufacturing process. The company is expected to test the possibility of 5G technology for industrial applications in the smart factory in the Audi Production Lab.
Ericsson
Founded in 1876, headquartered in Stockholm, Sweden, Ericsson is a leading provider of information and communication technology (ICT) services. The company’s portfolio includes networks, digital services, managed services and emerging business; powered by 5G and IoT platforms.
Read Our Trending Press Release Below: https://www.prnewswire.com/news-releases/nfc-chips-market-players-likely-to-experience-prominent-demand-opportunities-from-automotive-sector-tmr-301180480.html
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 5G in Automotive & Smart Transportation Market Insights by 2030 – Cumulative Impact of COVID-19 here
News-ID: 2292083 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
