Juniper Research Analyzes 5G Connectivity and its Impact on the Connected Car Market

Juniper Research Analyzes 5G Connectivity and its Impact on the Connected Car Market

The new report from Juniper Research has confirmed that the number of connected vehicles globally is set to skyrocket from 192 million this year to 367 million in 2027. This growth is largely attributed to the rising trend of 5G technology, which offers enhanced driver assistance systems (ADAS), improved in-vehicle infotainment systems, and high-speed, low-latency connections for connected cars.

Juniper Research notes that for 5G to reach its full potential, effective collaborations between automotive OEMs and mobile network operators are needed. According to the research, these collaborations will result in opportunities worth US$ 3.6bn for telcos by 2027. Co-author of the research Nick Maynard further commented: “5G can allow automotive OEMs to upgrade the in-vehicle experience… Operators hold the critical role in enabling this in a reliable way, making them the partners of choice as their 5G networks rapidly expand.”

Through advanced connectivity solutions enabled by 5G networks, connected cars will be able to share information with other elements of transport infrastructure and third party services. Therefore, Juniper Research’s predictions show that both automotive OEMs and mobile network operators have a crucial role in taking advantage of the massive opportunity presented by 5G for connected car markets over the next few years. The report also provides an independent analysis on how the rise of 5G is impacting market expansion within the automotive industry and what key steps companies need to take towards enhancing driving experiences through improved connectivity.

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