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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 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.
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.
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Leading Key Players Operating in the 5G in Automotive and Smart Transportation Market Includes:
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.
5G in Automotive and Smart Transportation Market Segmentations:
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 by Region:
- North America (USA, Canada and Mexico)
- Europe (Germany, France, the United Kingdom, Netherlands, Russia, Italy and Rest of Europe)
- Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia, rest of countries etc.)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)
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