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
Industry association calls on European Commission to allow stakeholders to work collaboratively towards an agreement on the technology catalyzing the mobility of the future and warns against a "premature and cumbersome" legislative decision