5G in the Automotive and Smart Transportation Market Size, Share 2021, Impressive Industry Growth Report 2027 | AUDI AG, BMW AG, Robert Bosch GmbH

Global 5G in the Automotive and Smart Transportation Industry is valued at 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 that are equipped with internet access facilities and mainly work on wireless local area networks. This internet connection helps the cars to connect with other devices both inside and outside the vehicle. These connections help to connect to smartphones which helps use the advancing technologies in the car. The Integration of 5G in these Automobiles enables the quick transfer of data without major loss in time. This speed provided by the integration of 5G enables real-time data and information. Further, the rise in the Demand for Safer, More Efficient, and Convenient Driving among the customers and government Mandates for Connected Car Applications has led to the adoption of Connected cars across the forecast period. Also, the evolution of the New Value Chain Ecosystem of the Automotive Industry is expected to fuel the demand for Connected Cars.

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However, the connected cars Industry faces major restrains owing to the lack of supporting infrastructure for connected cars in developing countries and the unavailability of standard Platforms. Further, the increasing hacking of internet-connected devices and the high costs of these cars pose a major challenge to the connected cars Industry. the integration of 5G in these Connected. Moreover, the increasing company initiatives fuels Industry growth. As of July 2020, Tesla announced to have almost reached 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 of a self-driving 5G enabled vehicle that will be used to deliver medical supplies to hospitals. For this, the company has also partnered with Thailand national Broadcasting, telecommunication (NBTC), and Siriraj Hospital.

Major Industry 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.

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By Application:
Vehicle-to-Everything (V2X)
Infotainment and Telematics
Fleet Management

By Solution:
Hardware Components
Software Solutions
Services

By Industry:
Automotive
Defense
Transportation Infrastructure
Warehousing and Logistics
Public Safety
Others

The goal of the study report is to characterize Industry sizes of various portions and nations as of late and to figure the qualities to the coming eight years. The report is intended to join both subjective and quantitative parts of the industry inside every one of the districts and nations associated with the examination. Besides, the report additionally caters to the nitty gritty data about the pivotal viewpoints like driving elements and difficulties which will characterize the future development of the Industry. Furthermore, the report will likewise consolidate accessible freedoms in miniature Industry's for partners to contribute alongside the itemized investigation of the cutthroat landscape and item contributions of central members.

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