5G-ready Telematics Control Units (TCU) Market is anticipated to surge at a CAGR of 35.6% over the next ten years

5G-ready Telematics Control Units (TCU) Market 2022-2031

As per findings by Persistence Market Research, the worldwide 5G-ready telematics control units (TCU) market reached a valuation of around US$ 1.1 Bn in 2020, and is anticipated to surge at a CAGR of 35.6% over the next ten years.

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5G-ready telematics control units are embedded onboard systems that are used to power telecommunications services. These are becoming essential items in connected-car services as they allow users to get real-time information of their vehicles.

5G-ready TCUs with smart antennas combine multiple antennas in a single antenna. Later, they are mounted beneath a vehicle’s body surface and also covered with a non-conductive cover. This technology will be necessary to enable prompt communication between pedestrians, vehicles, and infrastructure.

The market is developing at a fast rate, and industry players are innovating and launching new products regularly.

In June 2020, Askey announced plans to develop 5G mmWave and Sub-6GHz small cell products for public venues and private networks, working with Qualcomm Technologies. With this pairing, Askey will deliver 5G NR mmWave devices for indoor applications, which will cover enterprises such as offices, university campuses, hospitals, hotels, shopping centers, and many more.

In November 2020, Qualcomm introduced the Qualcomm MDM9150, the first commercial C-V2X solution based on 3GPP Release 14 specifications for direct communication operation in the 5.9 GHz ITS spectrum. The product will support numerous vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) applications.

In February 2022, Mediatek introduced the M80 5G modem that combines mmWave and sub-6 GHz 5G technologies onto a single chip. The M80 will also support ultra-fast speeds on both, non-standalone (NSA) and standalone (SA) architectures, with a peak rate of 7.67 Gbps in the downlink and 3.76 Gbps in the uplink.                                                                                
Key Players:

The report has profiled some of the Important players prevalent in the global like – HARMAN International, Qualcomm Technologies, Inc., Askey Computer Corp., MediaTek Inc., Quectel, Visteon Corporation, Movandi Corporation, Millimeter Wave Products Inc., Farran and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the 5G-ready Telematics Control Units (TCU).

Key Takeaways from Market Study

The South Asia & Pacific region is expected to create lucrative growth opportunities for players due to growing importance of telematics and 5G networks for safety in the automotive sector.

Key players are focusing on acquisitions to complement their product portfolios so as to cater to the needs of a variety of customers. Market participants are also focusing on providing products directly to end users to improve their direct customer relations.

The market in the U.S. is projected to expand at a CAGR of 26.4% through 2031, while that in Germany at around 29.1%.

Market growth in China, Japan, and India is expected to be much higher, at CAGRS of around 37.7%, 42.0%, and 50.7%, respectively.

“Key players are focusing on continuous developments and implementation of new connectivity platforms such as vehicle-to-vehicle (V2V) connectivity and vehicle-to-network (V2N) connectivity to capture attention with incredible vehicle experiences. Increased cost-savings and lowered energy consumption features will create attractive opportunities for 5G-ready TCU providers,” says a Persistence Market Research analyst.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)

Key Stakeholders 
5G-ready Telematics Control Units (TCU) Market Manufacturers 
5G-ready Telematics Control Units (TCU) Market Distributors/Traders/Wholesalers 
5G-ready Telematics Control Units (TCU) Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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