5G telecommunication services influence against automotive industry
Its low latency properties will drive growth in connected and autonomous vehicle markets while enabling data and signal sharing in real-time, which is crucial for maintaining safety in the connected ecosystem. Another key factor is that the network will allow a larger number of devices to be connected at the same time in a more stable environment.
Automobile manufacturers have a 5G pipeline in place that includes vehicle launches in 2020/21. However, the delay in 3GPP directives for 5G - as well as the manufacturing problems due to the COVID-19 pandemic - could result in certain launches being postponed. The impact is predicted to last for over the next six years, with a slow recovery trend toward previously expected levels, largely owing to a recovery in underlying vehicle production. Production delays aside, a flurry of initial 5G launches are currently underway.
Automobile manufacturers have a 5G pipeline in place that includes vehicle launches in 2020/21. However, the delay in 3GPP directives for 5G - as well as the manufacturing problems due to the COVID-19 pandemic - could result in certain launches being postponed. The impact is predicted to last for over the next six years, with a slow recovery trend toward previously expected levels, largely owing to a recovery in underlying vehicle production. Production delays aside, a flurry of initial 5G launches are currently underway
