Market Overview:
The global 5G in automotive market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for connected cars and autonomous vehicles. In addition, the growing trend of vehicle electrification is also contributing to the growth of this market. The global 5G in automotive market can be segmented on the basis of type, application, and region. On the basis of type, this market can be segmented into software, service, and hardware. The software segment is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. This growth can be attributed to increasing demand for advanced driver assistance systems (ADAS) and autonomous driving features in cars. The service segment is expected to grow at a CAGR of xx% during the forecast period from 2018to 2030 owingto rising demand for connected car services such as over-the-air (OTA) updates and remote diagnostics/troubleshooting .
Product Definition:
5G is the fifth generation of mobile networks, which are expected to provide significantly higher data rates and much lower latency than 4G networks. 5G will be critical for the future of autonomous vehicles, as it will be necessary to have low-latency communications between vehicles and between vehicles and infrastructure in order to enable safe operation.
Software:
Software is the part of a system that enables the functionality and provides interfaces for all other parts of a system to communicate with each other. In case of automotive, software controls various systems such as powertrain, safety & security and infotainment. The growth factor in 5G in automotive market is increasing demand from luxury cars which have high-end features compared to mid-segment car.
Service:
Service is a set of processes that are carried out by the telecom service providers to meet the requirements of customers. In 5G in automotive market, service includes network deployment, network integration & activation, end-to-end solution delivery and maintenance services. The key players providing these solutions include Nokia Corporation (Alcatel Lucent), Ericsson AB and Huawei Technologies Co., Ltd.
Application Insights:
The automotive manufacturing segment dominated the global 5G in automotive market, accounting for over 30% of the overall revenue share in 2017. The need for enhanced connectivity and safety features is driving the demand for 5G technology across this sector. Moreover, increasing focus on autonomous vehicles is expected to further propel industry growth over the coming years.
The automotive entertainment segment accounted for a significant revenue share in 2017 owing to growing consumer preference towards connected cars and rising demand from mobile internet users to access their devices wirelessly while they are moving from one place to another through car connectivity services such as Wi-Fi, Bluetooth etc. Furthermore, new technologies such as infotainment systems with artificial intelligence (AI) are anticipated to drive industry growth over the coming years by providing more interactive experiences between drivers and cars among other applications that require high data transfer speeds across vehicle sensors & ECUs.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to early adoption of 5G technology. The region accounted for a revenue share of over 40% in 2017 and is anticipated to grow at a significant CAGR from 2018 to 2030. This growth can be attributed primarily to U.S., which has been one of the most active countries in terms of rolling out 5G network infrastructure as well as developing new applications for it.
Growth Factors:
- Increased demand for data-driven services and features in cars, such as autonomous driving, will require higher bandwidth and low latency to ensure a smooth user experience. 5G can provide this needed capacity and responsiveness.
- Vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication will become increasingly important as autonomous vehicles are deployed en masse. These technologies rely on high reliability and low latency to ensure that vehicles can quickly communicate with each other or roadside infrastructure to avoid collisions or traffic congestion. 5G networks are well suited for these applications.
- The rise of electric vehicles (EVs) will create new opportunities for 5G in the automotive market as EVs need charging stations that can communicate with the grid to optimize power flow and minimize costs. This requires a fast, responsive network that 5G can provide.
- . Autonomous driving is expected to generate large amounts of data which needs to be processed quickly so it can be used by the car’s AI system in real time; this is another area where 5G excels due its ultrafast speeds and low latency characteristics . 5.. As cars become more connected, they will also need greater cybersecurity protection from hackers looking to exploit vulnerabilities in order gain access control or steal sensitive information .5G networks have been designed with security features specifically aimed at protecting against cyberattacks
Scope Of The Report
Report Attributes
Report Details
Report Title
5G in Automotive Market Research Report
By Type
Software, Service, Hardware
By Application
Automotive Manufacturing, Automotive Driving, Automotive Entertainment, Other
By Companies
Cisco Systems, Samsung Electronics, Ericsson, Qualcomm, Intel Corporation, Verizon Communications, AT & T Inc, LG, SK Telecom, Nokia Networks, NEC Corporation, Huawei, T-Mobile USA, Korea Telecom, China Mobile, Audi, BMW, Daimler, Ford Motor Company, General Motors Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global 5G in Automotive Market Report Segments:
The global 5G in Automotive market is segmented on the basis of:
Types
Software, Service, Hardware
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Manufacturing, Automotive Driving, Automotive Entertainment, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cisco Systems
- Samsung Electronics
- Ericsson
- Qualcomm
- Intel Corporation
- Verizon Communications
- AT & T Inc
- LG
- SK Telecom
- Nokia Networks
- NEC Corporation
- Huawei
- T-Mobile USA
- Korea Telecom
- China Mobile
- Audi
- BMW
- Daimler
- Ford Motor Company
- General Motors Company
Highlights of The 5G in Automotive Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Service
- Hardware
- By Application:
- Automotive Manufacturing
- Automotive Driving
- Automotive Entertainment
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 5G in Automotive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
5G is the next generation of wireless technology that will allow for faster data speeds and improved connectivity in vehicles. It will also enable new features such as self-driving cars and remote vehicle diagnostics.
Some of the major companies in the 5g in automotive market are Cisco Systems, Samsung Electronics, Ericsson, Qualcomm, Intel Corporation, Verizon Communications, AT & T Inc, LG, SK Telecom, Nokia Networks, NEC Corporation, Huawei, T-Mobile USA, Korea Telecom, China Mobile, Audi, BMW, Daimler, Ford Motor Company, General Motors Company.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 5G in Automotive Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 5G in Automotive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 5G in Automotive Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the 5G in Automotive Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global 5G in Automotive Market Size & Forecast, 2018-2028
4.5.1 5G in Automotive Market Size and Y-o-Y Growth
4.5.2 5G in Automotive Market Absolute $ Opportunity
Chapter 5 Global 5G in Automotive Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 5G in Automotive Market Size Forecast by Type
5.2.1 Software
5.2.2 Service
5.2.3 Hardware
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 5G in Automotive Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 5G in Automotive Market Size Forecast by Applications
6.2.1 Automotive Manufacturing
6.2.2 Automotive Driving
6.2.3 Automotive Entertainment
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 5G in Automotive Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 5G in Automotive Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America 5G in Automotive Analysis and Forecast
9.1 Introduction
9.2 North America 5G in Automotive Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America 5G in Automotive Market Size Forecast by Type
9.6.1 Software
9.6.2 Service
9.6.3 Hardware
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America 5G in Automotive Market Size Forecast by Applications
9.10.1 Automotive Manufacturing
9.10.2 Automotive Driving
9.10.3 Automotive Entertainment
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe 5G in Automotive Analysis and Forecast
10.1 Introduction
10.2 Europe 5G in Automotive Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe 5G in Automotive Market Size Forecast by Type
10.6.1 Software
10.6.2 Service
10.6.3 Hardware
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe 5G in Automotive Market Size Forecast by Applications
10.10.1 Automotive Manufacturing
10.10.2 Automotive Driving
10.10.3 Automotive Entertainment
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific 5G in Automotive Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 5G in Automotive Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific 5G in Automotive Market Size Forecast by Type
11.6.1 Software
11.6.2 Service
11.6.3 Hardware
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific 5G in Automotive Market Size Forecast by Applications
11.10.1 Automotive Manufacturing
11.10.2 Automotive Driving
11.10.3 Automotive Entertainment
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America 5G in Automotive Analysis and Forecast
12.1 Introduction
12.2 Latin America 5G in Automotive Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America 5G in Automotive Market Size Forecast by Type
12.6.1 Software
12.6.2 Service
12.6.3 Hardware
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America 5G in Automotive Market Size Forecast by Applications
12.10.1 Automotive Manufacturing
12.10.2 Automotive Driving
12.10.3 Automotive Entertainment
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) 5G in Automotive Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 5G in Automotive Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) 5G in Automotive Market Size Forecast by Type
13.6.1 Software
13.6.2 Service
13.6.3 Hardware
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) 5G in Automotive Market Size Forecast by Applications
13.10.1 Automotive Manufacturing
13.10.2 Automotive Driving
13.10.3 Automotive Entertainment
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 5G in Automotive Market: Competitive Dashboard
14.2 Global 5G in Automotive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco Systems
14.3.2 Samsung Electronics
14.3.3 Ericsson
14.3.4 Qualcomm
14.3.5 Intel Corporation
14.3.6 Verizon Communications
14.3.7 AT & T Inc
14.3.8 LG
14.3.9 SK Telecom
14.3.10 Nokia Networks
14.3.11 NEC Corporation
14.3.12 Huawei
14.3.13 T-Mobile USA
14.3.14 Korea Telecom
14.3.15 China Mobile
14.3.16 Audi
14.3.17 BMW
14.3.18 Daimler
14.3.19 Ford Motor Company
14.3.20 General Motors Company
