5G in the North American and European auto markets will hit when original equipment manufacturers (OEMs) start deploying serious level 3 automation features and conceptualize conditional level 4 features.
Advent of 5G in Cars: Key Findings, Global, 2015
The 5G market is expected to commercialize by 2021. Major service providers are expected to deploy pilot projects by 2018 at the FIFA World Cup in Russia and at the Tokyo Olympics in 2020.
5G specifications such as increased speed and low latency time are expected to drive the penetration of level 3 and level 4 autonomous cars and the Internet of Things (IoT).
4G LTE which is now prominent in the market will cooperate and co-exit with the new 5G network. 4G will not be completely taken over by 5G.
Service providers such as Ericsson, Huawei, NTT DoCoMo, SKT from South Korea, and MegaFon from Russia will be the forerunners in 5G.
LTE penetration is close to % in South Korea, % in Japan, and % in the United States. Hence there is huge potential for operators to generate returns on their investments in LTE networks.
About this report
5G is expected to blend existing technologies (2G, 3G, 4G, Wi-Fi) to allow higher coverage, availability, and network density. The key differentiator will be greater connectivity as an enabler for autonomous vehicles, machine-to-machine/machine-to-infrastructure services, and the Internet of Things. Highly automated cars are in the development stage with promise to commercialize by 2020. 5G will play a vital role in adoption. This study identifies the various segments, potential use cases, and growth areas, concluding with 3 big predictions.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook