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October 2025
The 5G in advancing connected vehicle market is booming, poised for a revenue surge into the hundreds of millions from 2025 to 2034, driving a revolution in sustainable transportation. The increasing preference of consumers to purchase luxury vehicles coupled with rapid investment by telecom companies for developing the 5G infrastructure is playing a prominent role in shaping the industrial landscape. Also, numerous government initiatives aimed at enhancing vehicular safety along with growing adoption of self-driving cars by fleet operators for gaining maximum profits has boosted the industrial expansion. The rising popularity of real-time V2X (vehicle-to-everything) communication for delivering enhanced safety in autonomous vehicles is expected to create ample growth opportunities for the market players in the upcoming years.
The 5G in advancing connected vehicle market is generally driven by the rising sales of autonomous cars along with rapid deployment of 5G networks in remote locations. 5G helps in advancing connected vehicles by delivering high-speed, low-latency communication which enables several advanced features such as autonomous driving, enhanced safety, intelligent traffic management and some others through its vehicle-to-everything (V2X) capabilities. There are various type of solutions provided by this sector comprising of hardware, software platforms. telematics and data services, connectivity & OTA updates, and some others. These solutions are used in numerous automotive operations including autonomous driving, real-time navigation, vehicle safety & security, fleet management, remote diagnostics & maintenance, infotainment & connectivity and some others. It finds application in numerous types of vehicles consisting of passenger vehicles, commercial vehicles, heavy-duty vehicles. This market is expected to rise significantly with the growth of the telecom sector around the globe.
| Metric | Details |
| Key Drivers | - Investment in 5G infrastructure - Government initiatives to enhance vehicular safety - Adoption of self-driving cars and V2X communication systems |
| Leading Region | North America |
| Market Segmentation | By Product / Component / Technology, By Application, By Vehicle Type / End-User, By Connectivity / Network Type, By Solution Type and By Region |
| Top Key Players | Qualcomm Technologies, Huawei Technologies, Ericsson, Nokia, Intel, AT&T, Verizon,Cisco, Samsung, ZTE, SK Telecom |
Popularity Of V2X Communication
The V2X communication systems segment dominated the market. The growing use of advanced sensors and TCUs in modern vehicles to enhance connectivity with other cars and networks has driven the market expansion. Also, rapid investment by government of several countries such as the U.S., Germany, China and some others for expanding the V2X network coupled with technological advancements in the V2X infrastructure is playing a crucial role in shaping the industry in a positive direction. Moreover, partnerships among telecom providers and automotive companies for deploying V2X connectivity in software-defined vehicles to improve road safety and enhancing traffic efficiency is expected to propel the growth of the 5G in advancing connected vehicle market.
The in-car infotainment systems segment is expected to grow with the highest CAGR during the forecast period. The growing adoption of android-based infotainment systems by car owners of developing nations due to their ease of use and less maintenance has boosted the market growth. Additionally, the integration of 5G connectivity in modern infotainment systems enables passengers to enjoy on-the go music and videos from online streaming platforms such as Youtube, Amazon Prime, Disney Hotstar and some others is playing a prominent role in shaping the industry in a positive manner. Moreover, partnerships among automotive brands and infotainment systems providers to integrate 5G-enabled infotainment systems in luxury vehicles is expected to boost the growth of the 5G in advancing connected vehicle market.
The autonomous driving segment led the market. The increasing sales of autonomous vehicles in several countries such as the U.S., Germany, China, UAE and some others has driven the market growth. Also, the deployment of self-driving vehicles by fleet operators to enhance their profit margins coupled with rapid investment by automotive brands to open up autonomous vehicle research centers is playing a prominent role in shaping the industrial landscape. Moreover, partnerships among 5G network providers and automotive companies to integrate high-quality modules for enhancing connectivity in autonomous cars is expected to boost the growth of the 5G in advancing connected vehicle market.
The real-time navigation segment is expected to rise with the fastest CAGR during the forecast period. The increasing use of Google maps and Baidu maps for locating places while travelling has bolstered the market expansion. Also, the growing emphasis of automotive owners to integrate 5G solutions in their vehicles for deriving real-time navigation insights coupled with technological advancements in automotive navigation systems is contributing to the industry in a positive manner. Moreover, rapid focus of luxury car manufacturers for integrating advanced navigation systems to enhance driving experience is expected to drive the growth of the 5G in advancing connected vehicle market.
The passenger vehicles segment led the market. The increasing sales and production of passenger vehicles in various countries such as India, China, Germany, France, UK, the U.S. and some others has driven the market growth. Also, the integration of advanced 5G modules in luxury cars to derive real-time navigation insights coupled with rapid investment by automakers to open new passenger car manufacturing centers is contributing to the industry in a positive manner. Moreover, partnerships among passenger vehicle companies and telecom brands to deploy 5G network in modern passenger cars is expected to accelerate the growth of the 5G in advancing connected vehicle market.
The commercial vehicles segment is expected to expand with the fastest CAGR during the forecast period. The increasing adoption of autonomous trucks in various sectors including mining, logistics, e-commerce, construction and some others has driven the market expansion. Also, rapid investment by government of numerous developed nations to develop the V2X infrastructure for enhancing the communication of commercial vehicles is contributing to the industry in a positive manner. Moreover, the growing use of 5G chipsets / modules and on-board units (OBU) in driverless buses is expected to propel the growth of the 5G in advancing connected vehicle market.
The 5G non-standalone (NSA) segment led the market. The increasing focus of telecom companies to expand non-standalone 5G network in developing nations has boosted the market expansion. Additionally, the growing adoption of non-standalone network in the industrial sector due to their cost-effectiveness and low maintenance is playing a prominent role in shaping the market in a positive direction. Moreover, numerous advantages of non-standalone 5G network such as quick deployment, fast speeds, low latency, superior resilience and some others is expected to drive the growth of the 5G in advancing connected vehicle market.
The 5G standalone (SA) segment is expected to rise with the highest CAGR during the forecast period. The growing demand for standalone 5G connectivity from fleet operators to gain real-time insights about their vehicles has driven the market expansion. Also, the increasing use of these 5G networks in autonomous vehicles to facilitate safe driving coupled with rapid investment by telecom companies for expanding the standalone 5G connectivity in developed regions is playing a prominent role in shaping the industrial landscape. Moreover, several advantages of 5G standalone (SA) connectivity including ultra-low latency, higher speeds, superior network capacity, improved reliability and security, and some others is expected to propel the growth of the 5G in advancing connected vehicle market.
The hardware segment dominated the market. The increasing use of advanced telematics control unit (TCU) in connected vehicles for enhancing 5G capabilities has boosted the market growth. Additionally, the growing emphasis of automotive brands to integrate vehicle-to-everything (V2X) module in autonomous vehicles to improve safety and traffic flow is contributing to the industry in a positive manner. Moreover, rapid investment by chip manufacturers to open up new production facilities to increase the production of automotive hardware components is expected to accelerate the growth of the 5G in advancing connected vehicle market.
The software platforms segment is expected to rise with the fastest CAGR during the forecast period. The growing emphasis of software companies to develop advanced platforms for enhancing 5G capabilities in modern vehicles has driven the market expansion. Also, rapid investment by software brands for opening up new software development centers to cater the needs of the automotive sector is playing a vital role in shaping the industrial landscape. Moreover, collaborations among software companies and automotive brands to develop AI-integrated software for enhancing 5G connectivity in modern vehicles is expected to propel the growth of the 5G in advancing connected vehicle market.
North America led the 5G in advancing connected vehicle market. The increasing demand for luxury vehicles among the HNIs in the U.S. and Canada has driven the market expansion. Additionally, rapid expansion of the V2X infrastructure coupled with numerous government initiatives aimed at developing the telecom sector is playing a vital role in shaping the industry in a positive direction. Moreover, the presence of various market players such as Qualcomm Technologies, Inc., Intel Corporation, AT&T Inc and some others is expected to boost the growth of the 5G in advancing connected vehicle market in this region.
The increasing demand for autonomous cars manufactured by Tesla, Rivian, Ford and some others with an aim at lowering dependency on manual drivers has driven the market expansion. Also, rapid shift of consumer towards 5G network coupled with numerous government schemes aimed at developing the 5G infrastructure is playing a vital role in shaping the industry in a positive direction.
Asia Pacific is expected to grow with the highest CAGR during the forecast period. The growing adoption of PHEVs in several countries such as China, India, Japan, South Korea and some others has boosted the market expansion. Also, rapid investment by government for developing the telecom sector coupled with rising adoption of self-driving vehicles by fleet operators for reducing dependency on manual drivers is contributing to the industry in a positive manner. Moreover, the presence of several market players such as Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd, China Mobile Limited and some others is expected to propel the growth of the 5G in advancing connected vehicle market in this region.
The growing development in the telecom sector bundled with rapid expansion of the automotive industry has driven the market expansion. Additionally, the technological advancements related to vehicle connectivity as well as increasing sales of autonomous vehicles is playing a vital role in shaping the industrial landscape.
Europe is expected to expand with a notable CAGR during the forecast period. The increasing sales of supercars in various nations such as Germany, Italy, France, UK, Denmark and some others has driven the industrial growth. Additionally, numerous government initiatives aimed at innovation and research associated with 5G technology along with rapid expansion of 5G network in the Southern Europe is playing a crucial role in shaping the market landscape. Moreover, the presence of several market players such as Continental AG, Ericsson AB, Nokia Corporation, Robert Bosch GmbH and some others is expected to drive the growth of the 5G in advancing connected vehicle market in this region.
The increasing adoption of autonomous trucks in several industries such as logistics, construction, mining and some others has driven the market expansion. Additionally, partnerships among automotive companies and 5G providers to deliver superior connectivity to automotive consumers is contributing to the industry in a positive manner.
| June 2025 | Announcement |
| Byaeng kuk Yoo, the head (senior vice president) of vehicle’s components business unit at LG Innotek | Along with vehicle lighting, the vehicular communication module is a key business that will propel LG Innotek’s automotive components segment. We are dedicated to turning the development of vehicle communication modules into a business worth over 800 million US dollars by consistently introducing cutting-edge components that offer our clients unique value. |
| June 2025 | Announcement |
| Shamik Basu, vice president, strategic connectivity & IoT, Verizon Business. | Cars are evolving from mechanical vehicles to software-defined mobile devices with the ability to leverage incredible connected technology. Edge Transportation Exchange leverages that technology to give automakers, governments, and tech developers a robust platform for building out the cellular-connected future of transportation - with visibility and reliability for all road users top of mind. |
| March 2025 | Announcement |
| Norbert Muhrer, President and CSO, Quectel Wireless Solutions | With the launch of our 5G Transparent Antenna, Quectel is redefining the balance between high-performance connectivity and seamless design integration. This innovation allows manufacturers to enhance connectivity without compromising aesthetics, enabling smarter, more efficient integration across industries such as automotive, wearables, and smart infrastructure. |
| February 2025 | Announcement |
| Simon Lee, the Vice President and Head of B2B·B2G Business Development, Networks Business at Samsung Electronics | The recent collaboration with Hyundai Motor represents how the two leaders in their respective industries can creatively drive business innovation and unlock new real use cases by merging best-in-class expertise. Samsung’s RedCap-powered private 5G network solutions will open up more possibilities for enterprises, manufacturers and public institutions, serving as a gateway to driving more efficient 5G networks |
| February 2024 | Announcement |
| Pascal Peguret, the SVP, Connectivity for HARMAN Automotive | Together, HARMAN and Qualcomm Technologies are working to redefine the future of automotive connectivity. The Ready Connect 5G TCU product is a testament to that shared vision, disrupting the traditional TCU approach as an off-the-shelf TCU product. HARMAN Ready Connect 5G TCU is designed to meet the needs of automakers simply and effectively while expediting the time to market and significantly reducing development cost. |
| April 2025 | Announcement |
| Jens Olejak, Satellite IoT Program Lead at Deutsche Telekom | The cooperation with BMW Group and Skylo demonstrates what satellite connectivity for the Internet of Things already offers today. We are providing the IoT connectivity for this demonstration. Skylo is one of our partners for NB-NTN, fail-safe connectivity via geostationary satellites. It is essential for important safety functions such as real-time hazard warnings in cars. Skylo is also a roaming partner in our global 'network of networks' ecosystem, the foundation for IoT applications of all kinds. |
| October 2025 | Announcement |
| Eric Jo, the CEO of SkyMirr | Sky5G isn’t just another router it’s a proof point of how engineering around the antenna can transform network performance. We set out to erase the boundaries between rural and urban connectivity, between enterprise-class performance and everyday reliability. Sky5G does exactly that. |
| February 2024 | Announcement |
| Masum Mir, Senior Vice President and General Manager, Provider Mobility, Cisco | Cisco Mobility Services Platform with 5G is ushering in a new era for connected cars to deliver amazing customer experience for the drivers while paving the path for carmakers to drive better experience and services over mobile networks.As the leader in Mobile connectivity management, networking and enterprise mobility services portfolio, Cisco continues to innovate to drive service enablement, simplified operation and business value for service providers and OEMs. |
The 5G in advancing connected vehicle market is a rapidly developing industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Samsung Electronics Co., Ltd., Intel Corporation, Qualcomm Technologies, Inc., Huawei Technologies Co., Ltd., Ericsson AB, Nokia Corporation, Robert Bosch GmbH, Continental AG, AT&T Inc., Verizon Communications Inc., China Mobile Limited and some others. These companies are constantly engaged in developing 5G solutions for connected vehicles and adopting numerous strategies such as business expansions, launches, acquisitions, partnerships, collaborations, joint ventures and some others to maintain their dominance in this industry.
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By Product / Component / Technology
By Application
By Vehicle Type / End-User
By Connectivity / Network Type
By Solution Type
By Region
October 2025
October 2025
October 2025
October 2025
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