The Latin America, Middle East and Africa 5G in Automotive and Smart Transportation Market is expected to witness market growth of 30.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 5G in Automotive and Smart Transportation Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $326.8 million by 2031. The Argentina market is showcasing a CAGR of 32% during 2024-2031. Additionally, the UAE market would register a CAGR of 29.2% during 2024-2031.
5G is also pivotal in transforming urban mobility through smart traffic management systems. With cities growing rapidly, traffic congestion has become a major concern. Traditional traffic management systems often cannot respond to real-time traffic flow changes. 5G enables traffic signals to adjust dynamically based on the current traffic conditions, optimizing the flow of vehicles and reducing congestion.
Additionally, 5G allows cities to implement intelligent parking solutions, where drivers can find available parking spaces in real time. This can significantly reduce the amount of time spent searching for parking, which in turn reduces carbon emissions and saves fuel.
The UAE government’s push for digital transformation, including AI, IoT, and data analytics in urban infrastructure, aligns with the requirements of 5G networks. These technologies enable real-time traffic management, autonomous vehicles, and seamless communication between vehicles, infrastructure, and pedestrians. As the UAE works to become a leader in artificial intelligence by 2031, the rapid rollout of 5G technology will continue to promote breakthroughs in smart mobility, autonomous driving, and linked transportation networks, benefiting the automotive and smart transportation industries.
The Brazil market dominated the LAMEA 5G in Automotive and Smart Transportation Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $326.8 million by 2031. The Argentina market is showcasing a CAGR of 32% during 2024-2031. Additionally, the UAE market would register a CAGR of 29.2% during 2024-2031.
5G is also pivotal in transforming urban mobility through smart traffic management systems. With cities growing rapidly, traffic congestion has become a major concern. Traditional traffic management systems often cannot respond to real-time traffic flow changes. 5G enables traffic signals to adjust dynamically based on the current traffic conditions, optimizing the flow of vehicles and reducing congestion.
Additionally, 5G allows cities to implement intelligent parking solutions, where drivers can find available parking spaces in real time. This can significantly reduce the amount of time spent searching for parking, which in turn reduces carbon emissions and saves fuel.
The UAE government’s push for digital transformation, including AI, IoT, and data analytics in urban infrastructure, aligns with the requirements of 5G networks. These technologies enable real-time traffic management, autonomous vehicles, and seamless communication between vehicles, infrastructure, and pedestrians. As the UAE works to become a leader in artificial intelligence by 2031, the rapid rollout of 5G technology will continue to promote breakthroughs in smart mobility, autonomous driving, and linked transportation networks, benefiting the automotive and smart transportation industries.
List of Key Companies Profiled
- BMW AG
- Robert Bosch GmbH
- Cisco Systems, Inc.
- Vodafone Group Plc
- Nokia Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Telefónica S.A.
- Verizon Communications, Inc.
- Toyota Motor Corporation
- Ericsson AB
Market Report Segmentation
By Solution
- Software Solutions
- Hardware Components
- Telematics Control Units (TCUs)
- Roadside Units (RSUs)
- Onboard Units (OBUs)
- Services
- Integration & Installation Services
- Consultation Services
- Maintenance & Support Services
By Application
- Vehicle-to-Everything
- Infotainment & Telematics
- Fleet Management
By Industry
- Automotive
- Transportation Infrastructure
- Warehousing & Logistics
- Defense
- Public Safety & Other Industry
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA 5G in Automotive and Smart Transportation Market by Solution
Chapter 6. LAMEA 5G in Automotive and Smart Transportation Market by Application
Chapter 7. LAMEA 5G in Automotive and Smart Transportation Market by Industry
Chapter 8. LAMEA 5G in Automotive and Smart Transportation Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- BMW AG
- Robert Bosch GmbH
- Cisco Systems, Inc.
- Vodafone Group Plc
- Nokia Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Telefónica S.A.
- Verizon Communications, Inc.
- Toyota Motor Corporation
- Ericsson AB
Methodology
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