With each day there seems to come another advance in technology to enhance the way we live, work and play. Developments in electric and autonomous vehicles, how we generate and use electricity, and ways to store energy are just a few of the innovations that are changing the consumer landscape.
According to the new market research report published by MarketsandMarkets, the market is estimated to be valued at USD 2.86 Billion in 2020 and it is further projected to reach USD 33.72 Billion by 2026, at a CAGR of 50.9% between 2020 and 2026. The major factors driving the growth of the 5G infrastructure market include increasing demand for mobile data services, rising importance of software implementation in communication network, growth of machine-to-machine (M2M) communication in industries, and growing demand for high speed and large network coverage.
Automobile and truck manufacturers see automation as the surest means to reduce injury and death on motorways. Automotive sensing technology is set for a radical upgrade as engineers
add cameras, radar and LiDAR systems to cars and trucks like never