North America 5G in Automotive and Smart Transportation Market Size, Share & Trends Analysis Report By Solution, By Application, By Industry, By Country and Growth Forecast, 2024 - 2031

The North America 5G in Automotive and Smart Transportation Market would witness market growth of 27.6% CAGR during the forecast period (2024-2031).

The US market dominated the North America 5G in Automotive and Smart Transportation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,344 million by 2031. The Canada market is experiencing a CAGR of 30.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 29.3% during (2024 - 2031).

The automotive and smart transportation sectors have undergone significant transformation over the past few years, fueled by technological innovations, automation, and connectivity innovations. One of the most pivotal advancements that are reshaping the future of these industries is 5G technology.

Additionally, 5G promises to deliver unparalleled speed, low latency, and vast connectivity, which are essential for the evolving needs of modern transportation systems. With the ability to enable real-time communication and data exchange, 5G in automotive and smart transportation can enhance safety, reduce congestion, lower emissions, and deliver more efficient services.

The rise in new vehicle registrations in Canada and the growing autonomous vehicle sector in the United States are key drivers propelling the market's growth. According to Statistics Canada, the second quarter of 2024 saw Canadians register 511,173 new motor vehicles, the highest since before the COVID-19 pandemic and a 7.9% increase from the same period in 2023. Meanwhile, the Insurance Institute for Highway Safety predicts that by 2025, there will be 3.5 million autonomous cars on American roads, and by 2030, there will be 4.5 million. These trends indicate a substantial shift towards more advanced and connected vehicle technologies, where 5G will play a crucial role.

Free Valuable Insights: The 5G in Automotive and Smart Transportation Market is Predict to reach USD 17.4 Billion by 2031, at a CAGR of 28.3%

Based on Solution, the market is segmented into Software Solutions, Hardware Components (Telematics Control Units (TCUs), Roadside Units (RSUs), and Onboard Units (OBUs)), and Services (Integration & Installation Services, Consultation Services, and Maintenance & Support Services). Based on Application, the market is segmented into Vehicle-to-Everything, Infotainment & Telematics, and Fleet Management. Based on Industry, the market is segmented into Automotive, Transportation Infrastructure, Warehousing & Logistics, Defense, and Public Safety & Other Industry. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

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

North America 5G in Automotive and Smart Transportation 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

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America 5G in Automotive and Smart Transportation Market, by Solution
1.4.2 North America 5G in Automotive and Smart Transportation Market, by Application
1.4.3 North America 5G in Automotive and Smart Transportation Market, by Industry
1.4.4 North America 5G in Automotive and Smart Transportation Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Nov – 2024, Oct) Leading Players
4.5 Porter Five Forces Analysis

Chapter 5. North America 5G in Automotive and Smart Transportation Market by Solution
5.1 North America Software Solutions Market by Country
5.2 North America Hardware Components Market by Country
5.3 North America 5G in Automotive and Smart Transportation Market by Hardware Components Type
5.3.1 North America Telematics Control Units (TCUs) Market by Country
5.3.2 North America Roadside Units (RSUs) Market by Country
5.3.3 North America Onboard Units (OBUs) Market by Country
5.4 North America Services Market by Country
5.5 North America 5G in Automotive and Smart Transportation Market by Services Type
5.5.1 North America Integration & Installation Services Market by Country
5.5.2 North America Consultation Services Market by Country
5.5.3 North America Maintenance & Support Services Market by Country

Chapter 6. North America 5G in Automotive and Smart Transportation Market by Application
6.1 North America Vehicle-to-Everything Market by Country
6.2 North America Infotainment & Telematics Market by Country
6.3 North America Fleet Management Market by Country

Chapter 7. North America 5G in Automotive and Smart Transportation Market by Industry
7.1 North America Automotive Market by Country
7.2 North America Transportation Infrastructure Market by Country
7.3 North America Warehousing & Logistics Market by Country
7.4 North America Defense Market by Country
7.5 North America Public Safety & Other Industry Market by Country

Chapter 8. North America 5G in Automotive and Smart Transportation Market by Country
8.1 US 5G in Automotive and Smart Transportation Market
8.1.1 US 5G in Automotive and Smart Transportation Market by Solution
8.1.1.1 US 5G in Automotive and Smart Transportation Market by Hardware Components Type
8.1.1.2 US 5G in Automotive and Smart Transportation Market by Services Type
8.1.2 US 5G in Automotive and Smart Transportation Market by Application
8.1.3 US 5G in Automotive and Smart Transportation Market by Industry
8.2 Canada 5G in Automotive and Smart Transportation Market
8.2.1 Canada 5G in Automotive and Smart Transportation Market by Solution
8.2.1.1 Canada 5G in Automotive and Smart Transportation Market by Hardware Components Type
8.2.1.2 Canada 5G in Automotive and Smart Transportation Market by Services Type
8.2.2 Canada 5G in Automotive and Smart Transportation Market by Application
8.2.3 Canada 5G in Automotive and Smart Transportation Market by Industry
8.3 Mexico 5G in Automotive and Smart Transportation Market
8.3.1 Mexico 5G in Automotive and Smart Transportation Market by Solution
8.3.1.1 Mexico 5G in Automotive and Smart Transportation Market by Hardware Components Type
8.3.1.2 Mexico 5G in Automotive and Smart Transportation Market by Services Type
8.3.2 Mexico 5G in Automotive and Smart Transportation Market by Application
8.3.3 Mexico 5G in Automotive and Smart Transportation Market by Industry
8.4 Rest of North America 5G in Automotive and Smart Transportation Market
8.4.1 Rest of North America 5G in Automotive and Smart Transportation Market by Solution
8.4.1.1 Rest of North America 5G in Automotive and Smart Transportation Market by Hardware Components Type
8.4.1.2 Rest of North America 5G in Automotive and Smart Transportation Market by Services Type
8.4.2 Rest of North America 5G in Automotive and Smart Transportation Market by Application
8.4.3 Rest of North America 5G in Automotive and Smart Transportation Market by Industry

Chapter 9. Company Profiles
9.1 BMW Group
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 Robert Bosch GmbH
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.6 SWOT Analysis
9.3 Cisco Systems, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Vodafone Group Plc
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.4.4.2 Product Launches and Product Expansions:
9.5 Nokia Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Telefonica S.A.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.8 Verizon Communications, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.5 SWOT Analysis
9.9 Toyota Motor Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.6 SWOT Analysis
9.10. Ericsson AB
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.6 SWOT Analysis

TABLE 1 North America 5G in Automotive and Smart Transportation Market, 2020 - 2023, USD Million
TABLE 2 North America 5G in Automotive and Smart Transportation Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– 5G in Automotive and Smart Transportation Market
TABLE 4 Product Launches And Product Expansions– 5G in Automotive and Smart Transportation Market
TABLE 5 Acquisition and Mergers– 5G in Automotive and Smart Transportation Market
TABLE 6 North America 5G in Automotive and Smart Transportation Market by Solution, 2020 - 2023, USD Million
TABLE 7 North America 5G in Automotive and Smart Transportation Market by Solution, 2024 - 2031, USD Million
TABLE 8 North America Software Solutions Market by Country, 2020 - 2023, USD Million
TABLE 9 North America Software Solutions Market by Country, 2024 - 2031, USD Million
TABLE 10 North America Hardware Components Market by Country, 2020 - 2023, USD Million
TABLE 11 North America Hardware Components Market by Country, 2024 - 2031, USD Million
TABLE 12 North America 5G in Automotive and Smart Transportation Market by Hardware Components Type, 2020 - 2023, USD Million
TABLE 13 North America 5G in Automotive and Smart Transportation Market by Hardware Components Type, 2024 - 2031, USD Million
TABLE 14 North America Telematics Control Units (TCUs) Market by Country, 2020 - 2023, USD Million
TABLE 15 North America Telematics Control Units (TCUs) Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Roadside Units (RSUs) Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Roadside Units (RSUs) Market by Country, 2024 - 2031, USD Million
TABLE 18 North America Onboard Units (OBUs) Market by Country, 2020 - 2023, USD Million
TABLE 19 North America Onboard Units (OBUs) Market by Country, 2024 - 2031, USD Million
TABLE 20 North America Services Market by Country, 2020 - 2023, USD Million
TABLE 21 North America Services Market by Country, 2024 - 2031, USD Million
TABLE 22 North America 5G in Automotive and Smart Transportation Market by Services Type, 2020 - 2023, USD Million
TABLE 23 North America 5G in Automotive and Smart Transportation Market by Services Type, 2024 - 2031, USD Million
TABLE 24 North America Integration & Installation Services Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Integration & Installation Services Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Consultation Services Market by Country, 2020 - 2023, USD Million
TABLE 27 North America Consultation Services Market by Country, 2024 - 2031, USD Million
TABLE 28 North America Maintenance & Support Services Market by Country, 2020 - 2023, USD Million
TABLE 29 North America Maintenance & Support Services Market by Country, 2024 - 2031, USD Million
TABLE 30 North America 5G in Automotive and Smart Transportation Market by Application, 2020 - 2023, USD Million
TABLE 31 North America 5G in Automotive and Smart Transportation Market by Application, 2024 - 2031, USD Million
TABLE 32 North America Vehicle-to-Everything Market by Country, 2020 - 2023, USD Million
TABLE 33 North America Vehicle-to-Everything Market by Country, 2024 - 2031, USD Million
TABLE 34 North America Infotainment & Telematics Market by Country, 2020 - 2023, USD Million
TABLE 35 North America Infotainment & Telematics Market by Country, 2024 - 2031, USD Million
TABLE 36 North America Fleet Management Market by Country, 2020 - 2023, USD Million
TABLE 37 North America Fleet Management Market by Country, 2024 - 2031, USD Million
TABLE 38 North America 5G in Automotive and Smart Transportation Market by Industry, 2020 - 2023, USD Million
TABLE 39 North America 5G in Automotive and Smart Transportation Market by Industry, 2024 - 2031, USD Million
TABLE 40 North America Automotive Market by Country, 2020 - 2023, USD Million
TABLE 41 North America Automotive Market by Country, 2024 - 2031, USD Million
TABLE 42 North America Transportation Infrastructure Market by Country, 2020 - 2023, USD Million
TABLE 43 North America Transportation Infrastructure Market by Country, 2024 - 2031, USD Million
TABLE 44 North America Warehousing & Logistics Market by Country, 2020 - 2023, USD Million
TABLE 45 North America Warehousing & Logistics Market by Country, 2024 - 2031, USD Million
TABLE 46 North America Defense Market by Country, 2020 - 2023, USD Million
TABLE 47 North America Defense Market by Country, 2024 - 2031, USD Million
TABLE 48 North America Public Safety & Other Industry Market by Country, 2020 - 2023, USD Million
TABLE 49 North America Public Safety & Other Industry Market by Country, 2024 - 2031, USD Million
TABLE 50 North America 5G in Automotive and Smart Transportation Market by Country, 2020 - 2023, USD Million
TABLE 51 North America 5G in Automotive and Smart Transportation Market by Country, 2024 - 2031, USD Million
TABLE 52 US 5G in Automotive and Smart Transportation Market, 2020 - 2023, USD Million
TABLE 53 US 5G in Automotive and Smart Transportation Market, 2024 - 2031, USD Million
TABLE 54 US 5G in Automotive and Smart Transportation Market by Solution, 2020 - 2023, USD Million
TABLE 55 US 5G in Automotive and Smart Transportation Market by Solution, 2024 - 2031, USD Million
TABLE 56 US 5G in Automotive and Smart Transportation Market by Hardware Components Type, 2020 - 2023, USD Million
TABLE 57 US 5G in Automotive and Smart Transportation Market by Hardware Components Type, 2024 - 2031, USD Million
TABLE 58 US 5G in Automotive and Smart Transportation Market by Services Type, 2020 - 2023, USD Million
TABLE 59 US 5G in Automotive and Smart Transportation Market by Services Type, 2024 - 2031, USD Million
TABLE 60 US 5G in Automotive and Smart Transportation Market by Application, 2020 - 2023, USD Million
TABLE 61 US 5G in Automotive and Smart Transportation Market by Application, 2024 - 2031, USD Million
TABLE 62 US 5G in Automotive and Smart Transportation Market by Industry, 2020 - 2023, USD Million
TABLE 63 US 5G in Automotive and Smart Transportation Market by Industry, 2024 - 2031, USD Million
TABLE 64 Canada 5G in Automotive and Smart Transportation Market, 2020 - 2023, USD Million
TABLE 65 Canada 5G in Automotive and Smart Transportation Market, 2024 - 2031, USD Million
TABLE 66 Canada 5G in Automotive and Smart Transportation Market by Solution, 2020 - 2023, USD Million
TABLE 67 Canada 5G in Automotive and Smart Transportation Market by Solution, 2024 - 2031, USD Million
TABLE 68 Canada 5G in Automotive and Smart Transportation Market by Hardware Components Type, 2020 - 2023, USD Million
TABLE 69 Canada 5G in Automotive and Smart Transportation Market by Hardware Components Type, 2024 - 2031, USD Million
TABLE 70 Canada 5G in Automotive and Smart Transportation Market by Services Type, 2020 - 2023, USD Million
TABLE 71 Canada 5G in Automotive and Smart Transportation Market by Services Type, 2024 - 2031, USD Million
TABLE 72 Canada 5G in Automotive and Smart Transportation Market by Application, 2020 - 2023, USD Million
TABLE 73 Canada 5G in Automotive and Smart Transportation Market by Application, 2024 - 2031, USD Million
TABLE 74 Canada 5G in Automotive and Smart Transportation Market by Industry, 2020 - 2023, USD Million
TABLE 75 Canada 5G in Automotive and Smart Transportation Market by Industry, 2024 - 2031, USD Million
TABLE 76 Mexico 5G in Automotive and Smart Transportation Market, 2020 - 2023, USD Million
TABLE 77 Mexico 5G in Automotive and Smart Transportation Market, 2024 - 2031, USD Million
TABLE 78 Mexico 5G in Automotive and Smart Transportation Market by Solution, 2020 - 2023, USD Million
TABLE 79 Mexico 5G in Automotive and Smart Transportation Market by Solution, 2024 - 2031, USD Million
TABLE 80 Mexico 5G in Automotive and Smart Transportation Market by Hardware Components Type, 2020 - 2023, USD Million
TABLE 81 Mexico 5G in Automotive and Smart Transportation Market by Hardware Components Type, 2024 - 2031, USD Million
TABLE 82 Mexico 5G in Automotive and Smart Transportation Market by Services Type, 2020 - 2023, USD Million
TABLE 83 Mexico 5G in Automotive and Smart Transportation Market by Services Type, 2024 - 2031, USD Million
TABLE 84 Mexico 5G in Automotive and Smart Transportation Market by Application, 2020 - 2023, USD Million
TABLE 85 Mexico 5G in Automotive and Smart Transportation Market by Application, 2024 - 2031, USD Million
TABLE 86 Mexico 5G in Automotive and Smart Transportation Market by Industry, 2020 - 2023, USD Million
TABLE 87 Mexico 5G in Automotive and Smart Transportation Market by Industry, 2024 - 2031, USD Million
TABLE 88 Rest of North America 5G in Automotive and Smart Transportation Market, 2020 - 2023, USD Million
TABLE 89 Rest of North America 5G in Automotive and Smart Transportation Market, 2024 - 2031, USD Million
TABLE 90 Rest of North America 5G in Automotive and Smart Transportation Market by Solution, 2020 - 2023, USD Million
TABLE 91 Rest of North America 5G in Automotive and Smart Transportation Market by Solution, 2024 - 2031, USD Million
TABLE 92 Rest of North America 5G in Automotive and Smart Transportation Market by Hardware Components Type, 2020 - 2023, USD Million
TABLE 93 Rest of North America 5G in Automotive and Smart Transportation Market by Hardware Components Type, 2024 - 2031, USD Million
TABLE 94 Rest of North America 5G in Automotive and Smart Transportation Market by Services Type, 2020 - 2023, USD Million
TABLE 95 Rest of North America 5G in Automotive and Smart Transportation Market by Services Type, 2024 - 2031, USD Million
TABLE 96 Rest of North America 5G in Automotive and Smart Transportation Market by Application, 2020 - 2023, USD Million
TABLE 97 Rest of North America 5G in Automotive and Smart Transportation Market by Application, 2024 - 2031, USD Million
TABLE 98 Rest of North America 5G in Automotive and Smart Transportation Market by Industry, 2020 - 2023, USD Million
TABLE 99 Rest of North America 5G in Automotive and Smart Transportation Market by Industry, 2024 - 2031, USD Million
TABLE 100 key information – BMW Group
TABLE 101 Key Information – Robert Bosch GmbH
TABLE 102 Key Information – Cisco Systems, Inc.
TABLE 103 Key information – Vodafone Group Plc
TABLE 104 Key Information – Nokia Corporation
TABLE 105 Key Information – Qualcomm Incorporated
TABLE 106 key information – Telefonica S.A.
TABLE 107 key information – Verizon Communications, Inc.
TABLE 108 key information – Toyota Motor Corporation
TABLE 109 key information – Ericsson AB

List of Figures
FIG 1 Methodology for the research
FIG 2 North America 5G in Automotive and Smart Transportation Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting 5G in Automotive and Smart Transportation Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Nov – 2024, Oct) Leading Players
FIG 8 Porter’s Five Forces Analysis – 5G in Automotive and Smart Transportation Market
FIG 9 North America 5G in Automotive and Smart Transportation Market share by Solution, 2023
FIG 10 North America 5G in Automotive and Smart Transportation Market share by Solution, 2031
FIG 11 North America 5G in Automotive and Smart Transportation Market by Solution, 2020 - 2031, USD Million
FIG 12 North America 5G in Automotive and Smart Transportation Market share by Application, 2023
FIG 13 North America 5G in Automotive and Smart Transportation Market share by Application, 2031
FIG 14 North America 5G in Automotive and Smart Transportation Market by Application, 2020 - 2031, USD Million
FIG 15 North America 5G in Automotive and Smart Transportation Market share by Industry, 2023
FIG 16 North America 5G in Automotive and Smart Transportation Market share by Industry, 2031
FIG 17 North America 5G in Automotive and Smart Transportation Market by Industry, 2020 - 2031, USD Million
FIG 18 North America 5G in Automotive and Smart Transportation Market share by Country, 2023
FIG 19 North America 5G in Automotive and Smart Transportation Market share by Country, 2031
FIG 20 North America 5G in Automotive and Smart Transportation Market by Country, 2020 - 2031, USD Million
FIG 21 SWOT Analysis: BMW Group
FIG 22 SWOT Analysis: Robert Bosch GmbH
FIG 23 Recent strategies and developments: Cisco Systems, Inc.
FIG 24 SWOT Analysis: Cisco Systems, Inc.
FIG 25 Recent strategies and developments: Vodafone Group Plc
FIG 26 SWOT Analysis: Nokia Corporation
FIG 27 SWOT Analysis: QUALCOMM Incorporated
FIG 28 SWOT Analysis: Verizon Communications, Inc.
FIG 29 SWOT analysis: Toyota Motor Corporation
FIG 30 SWOT Analysis: Ericsson AB