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5G Automotive Grade Product Market Share

Report ID: GMI11258
Published Date: Sep 2024
Report Format: PDF

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5G Automotive Grade Product Market Share

Qualcomm Incorporated, Huawei Technologies Co., Ltd., and Samsung Electronics Co., Ltd. collectively hold a significant share of over 38% in the 5G automotive grade product industry. These leading players are advancing their 5G technology to enhance vehicle connectivity, safety, and operational efficiency. They are integrating cutting-edge 5G solutions to support real-time data exchange and improve automotive performance. To meet evolving regulatory requirements and consumer demands, these companies are also focusing on sustainable practices in their product development.

Through strategic partnerships and acquisitions, they are expanding their capabilities and offering comprehensive solutions, reinforcing their market leadership and driving innovation in the 5G automotive sector.

5G Automotive Grade Product Market Companies

Major players operating in the 5g automotive grade product industry are:

Qualcomm Incorporated
Huawei Technologies Co., Ltd.
Samsung Electronics Co., Ltd.
Nokia Corporation
Telefonaktiebolaget LM Ericsson
Intel Corporation
Robert Bosch GmbH

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of 5G automotive grade product was worth over USD 2.1 billion in 2023 and is estimated to register over 19% CAGR between 2024 and 2032, driven by the growing demand for connected and autonomous vehicles.

The passenger vehicle segment of 5G automotive grade industry held around 67% revenue share in 2023 and will grow rapidly through 2032, due to their booming sales and high consumer demand for advanced connectivity features.

Asia Pacific 5G automotive grade product market held a revenue share of around 37% in 2023 and will expand rapidly through 2032, due to its rapid adoption of 5G technology.

Qualcomm Incorporated, Huawei Technologies Co., Ltd, Samsung Electronics Co., Ltd, Nokia Corporation, Telefonaktiebolaget LM Ericsson among others.