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Steady Expansion Forecast for 5G In Automotive And Smart Transportation Market, Projected to Reach $7.64 Billion by 2029
5G In Automotive And Smart Transportation
5G In Automotive And Smart Transportation Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of 5G in the automotive and intelligent transportation sector has seen a significant rise in the past few years. The growth forecast predicts an increase from $2.44 billion in 2024 to $3.07 billion in 2025, reflecting a compound annual growth rate (CAGR) of 25.9%. This considerable expansion in the previous period is due to the growing demand for interconnected vehicles, increased acceptance of vehicle-to-everything (V2X) communication, more investments in intelligent transportation infrastructure, an escalating need for instantaneous traffic management, and expanding governmental policies that promote 5G adoption.
5G In Automotive And Smart Transportation Market Size Forecast: What's the Projected Valuation by 2029?
The market size for 5G in automotive and smart transportation is projected to witness significant expansion in the upcoming years, reaching a value of $7.64 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 25.6%. The expected growth over the forecasted period is primarily due to factors like increased deployment of autonomous vehicles, surging need for low-latency communication, proliferating incorporation of the Internet of Things (IoT) in transportation, a heightened focus on smart city plans and an amplified demand for improved safety for both passenger and driver. Key anticipated trends within the forecasted period consist of progression in edge computing technologies, innovations in the infrastructure of connected vehicles, the creation of real-time high definition (HD) mapping solutions, breakthroughs in connected car cybersecurity, and development in Vehicle-to-Everything (V2X) communication standards.
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What Are the Drivers Transforming the 5G In Automotive And Smart Transportation Market?
The surge in acceptance of Electric Vehicles is propelling the growth of 5G in the market, owing to improved connectivity and intelligent mobility solutions.
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What Long-Term Trends Will Define the Future of the 5G In Automotive And Smart Transportation Market?
Leading businesses in the 5G for automotive and intelligent transportation sector are concentrating on creating innovative solutions such as vehicle-to-everything (V2X) communication platforms. These developments aim to enable instant data interchange, bolster road safety measures and assist solutions for self-driving vehicles. V2X communication platforms are systems that permit vehicles to interact wirelessly with other conveyances, infrastructures, pedestrians and networks. This real-time information exchange enhances safety, boosts traffic efficiency and improves the performance of autonomous driving. Take for instance Verizon Communications Inc., an American telecommunications firm, which launched an edge transport exchange in June 2025. This forward-thinking 5G automotive and smart transportation system provide immense device connectivity, high-speed data transfers, and ultra-low latency, leading to real-time vehicular communication and a more precise traffic management system. This edge transport exchange allows for instantaneous vehicle communication, thereby enhancing road safety and traffic efficiency through advanced connectivity.
Which Segments in the 5G In Automotive And Smart Transportation Market Offer the Most Profit Potential?
The 5G in automotive and smart transportation market covered in this report is segmented
1) By Component: Hardware, Software, Services
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Deployment: On-Premises, Cloud
4) By Application: Vehicle-To-Everything (V2X), Telematics, Infotainment, Fleet Management, Other Applications
5) By End User: Automotive, Defense, Transportation Infrastructure, Warehousing And Logistics, Public Safety, Other End-Users
Subsegments:
1) By Hardware: Roadside Units Roadside Units, Communication Modules, Sensors And Cameras
2) By Software: Traffic Management Software, Vehicle-to-Everything V2X Platforms, Autonomous Driving Software
3) By Services: Network Deployment And Maintenance, Consulting And System Integration, Data Analytics And Cloud Services
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Which Firms Dominate the 5G In Automotive And Smart Transportation Market by Market Share and Revenue in 2025?
Major companies operating in the 5G in automotive and smart transportation market are Volkswagen AG, Samsung Electronics Co. Ltd., Ford Motor Company, General Motors Corporation, BMW Group, Mercedes-Benz Group AG, Verizon Communications Inc., Hyundai Motor Company, Deutsche Telekom AG, Huawei Technologies Co. Ltd., Nissan Motor Co. Ltd., LG Electronics India Limited, Aktiebolaget Volvo, DENSO CORPORATION, Continental AG, Qualcomm Incorporated, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Autotalks Ltd., Commsignia Ltd., and Cohda Wireless Pty Ltd.
Which Regions Offer the Highest Growth Potential in the 5G In Automotive And Smart Transportation Market?
North America was the largest region in the 5G in automotive and smart transportation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in 5G in automotive and smart transportation report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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