Global 5G in Automotive and Smart Transportation Market, By Component (Hardware Components, Software Solutions, Services),Application (Vehicle-to-Everything (V2X), Infotainment and Telematics, Fleet Management), End User (Automotive, Defense, Transportation Infrastructure, Warehousing and Logistics, Public Safety, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global 5G in Automotive and Smart Transportation Market
5G in automotive and smart transportation market size is valued at USD 4,541.71 million by 2028 is expected to grow at a compound annual growth rate of 25.30% in the forecast period of 2021 to 2028. Data Bridge Market Research report on 5G in automotive and smart transportation provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The 5G in automotive and smart transportation is the incorporation of 5G communication technology in the automobile and public transportation. It has allowed the automobile manufacturers to offer better features such as advanced driver-assistance systems (ADAS), fuel tracking, real-time navigation and communication, speed and cruise control, in-vehicle infotainment systems and enhanced fleet management.
The increase in demand for electric vehicles and smart vehicles is expected to influence the growth of 5G in automotive and smart transportation market over the forecast period of 2021 to 2028. Also the high disposable income and rise in the demand for NextGen technology in automobiles are also anticipated to flourish the growth of the5G in automotive and smart transportation market. Furthermore, the rise in the penetration of advanced technologies, such as 5G and IoT in the automotive and transportation sectors are also likely to positively impact the growth of the market. Moreover, the increase in spending on R&D and high adoption of communication technology are also expected create a huge demand for 5G in automotive and smart transportation as well as lifting the growth of the 5G in automotive and smart transportation market.
However, the lack of standardization and lack of communication infrastructure are expected to act as the major limitations for the growth of 5G in automotive and smart transportation in the above mentioned forecasted period, whereas the high initial cost of deployment can challenge the 5G in automotive and smart transportation market growth in the forecast period of 2021 to 2028.
Likewise, the rapid technological advancements and the high adoption of the new technologies are expected to create various new opportunities that will lead to the growth of the 5G in automotive and smart transportation market in the above mentioned forecasted period.
This 5G in automotive and smart transportation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on 5G in automotive and smart transportation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global 5G in Automotive and Smart Transportation Market Scope and Market Size
5G in automotive and smart transportation market is segmented on the basis of component, application and end user.
The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
5G in automotive and smart transportation market is segmented on the basis of component into hardware components, software solutions and services.
The application segment of the 5G in automotive and smart transportation market is segmented into vehicle-to-everything (V2X), infotainment and telematics and fleet management.
Based on end user, the 5G in automotive and smart transportation market is segmented into automotive, defense, transportation infrastructure, warehousing and logistics, public safety and others.
5G in Automotive and Smart Transportation Market Country Level Analysis
5G in automotive and smart transportation market is analyzed and market size, volume information is provided by country, component, application and end user as referenced above.
The countries covered in the 5G in automotive and smart transportation market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the5G in automotive and smart transportation market because of the high adoption of communication technology in the automobile and transportation industries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and 5G in Automotive and Smart Transportation Market Share Analysis
5G in automotive and smart transportation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to 5G in automotive and smart transportation market.
The major players covered in the 5G in automotive and smart transportation market report are AUDI AG, BMW Group, Robert Bosch GmbH, Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Daimler AG, Nokia, Qualcomm Technologies Inc., Telefonica S.A., Verizon, Vodafone Group, AT&T Intellectual Property, Ford Motor Company, Volkswagen, SAMSUNG, Thales Group, and Continental AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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