It states that in 2035, 5G will enable more than 2.4 trillion in total economic output across the automotive sector, its supply chain and its customers
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Qualcomm has released a paper in which it highlights the impact that 5G will have in the automotive sector in the future. The paper is called ‘5G Mobile: Disrupting the automotive industry’ and states that in 2035, 5G will enable more than 2.4 trillion in total economic output across the automotive sector, its supply chain and its customers, or nearly 20% of the total global 5G economic impact.
Read the complete release below
5G is set to disrupt the automotive industry. This research paper from Dr. David Teece of UC Berkeley, with economic projections from IHS Markit, finds that 5G technology will be at the core of accelerating or fully recognizing the benefits of autonomous vehicles, disrupt business as usual for automakers, and significantly impact “using sectors” such as logistics and transportation. In 2035, 5G will enable more than $2.4 trillion in total economic output across the automotive sector, its supply chain and its customers, or nearly 20% of the total global 5G economic impact
Earlier this year, Qualcomm Technologies, Inc. commissioned and released The 5G Economy, a landmark study examining the potential economic and social impact of 5G around the world. The study was conducted jointly by research firms IHS Markit, PSB and Dr. David Teece, Professor at U.C. Berkeley, and principal executive, Berkeley Research Group.
To better understand the economic impact of 5G on the automotive industry, Qualcomm commissioned and today releases “5G Mobile: Disrupting the Automotive Industry,” a paper authored by Dr. David Teece with help from the Berkeley Research Group, and economic projections contributed by IHS Markit.
Key Findings – 5G will be instrumental to Automotive
In 2035, 5G will enable more than $2.4 trillion in total economic output across the automotive sector, its supply chain and its customers. This includes:
Cumulatively, 5G economic impact in the automotive sector represents nearly 20% of the total global 5G economic impact, projected by IHS to be $12.3 trillion in 2035.
5G, being integral to the future of connected and autonomous vehicles, will help increase productivity and sales value, improve user experiences and environmental quality, and reduce traffic collisions and fatality rates. It will also likely transform conventional modes of car usage, ownership and transportation itself.
The 5G-enabled evolution of the “connected car” will provide opportunities and challenges for the traditional automotive sector players, for content developers, and software and technology firms.
Mobile, with the addition of 5G, will be a General Purpose Technology (GPT) for Automotive.
5G will be at the core of accelerating or fully recognizing benefits from autonomous vehicles.
5G will be a disruptor of business as usual for auto OEMS.
5G will impact the “using sectors” and customers of the automotive sector
Proposed policy measures that could facilitate this future include:
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