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5G In Automotive And Smart Transportation Market Poised To Hit $9.58 Billion By 2030 With A 25.5% CAGR
The 5g in automotive and smart transportation market size has grown exponentially in recent years. It will grow from $3.07 billion in 2025 to $3.86 billion in 2026 at a compound annual growth rate (CAGR) of 25.7%. The growth in the historic period can be attributed to advancement of mobile communication standards, rise of connected vehicles, smart city initiatives, growth in telematics adoption, early autonomous vehicle trials.
The 5g in automotive and smart transportation market size is expected to see exponential growth in the next few years. It will grow to $9.58 billion in 2030 at a compound annual growth rate (CAGR) of 25.5%. The growth in the forecast period can be attributed to acceleration of autonomous mobility, expansion of 5g infrastructure, demand for real-time traffic intelligence, connected logistics growth, smart transportation investments. Major trends in the forecast period include deployment of vehicle-to-everything connectivity, expansion of smart traffic management systems, integration of 5g in autonomous driving, growth of connected fleet solutions, demand for low-latency automotive networks.
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5G In Automotive And Smart Transportation Market Growth Backed By Core Demand Fundamentals
The increasing adoption of electric vehicles is expected to propel the growth of the 5G in automotive and smart transportation market going forward. Electric vehicles (EVs) refer to automobiles powered by electric motors using energy stored in rechargeable batteries instead of conventional fossil fuels. The increasing adoption of electric vehicles is driven by rising environmental concerns, as they produce lower greenhouse gas emissions compared to conventional vehicles, helping reduce air pollution and combat climate change. 5G enables electric vehicles to receive real-time updates on charging station availability and optimal routes, helping reduce range anxiety and improve charging efficiency. For instance, in 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, sales of electric cars in 2023 were 3.5 million higher than in 2022, a 35% year-on-year increase. Therefore, the increasing adoption of electric vehicles is driving the growth of the 5G in automotive and smart transportation market.
5G In Automotive And Smart Transportation Market Segmentation: How Does The Market Break Down By Category?
The 5g in automotive and smart transportation market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Deployment: On-Premises, Cloud
4) By Application: Vehicle-To-Everything (V2X), Telematics, Infotainment, Fleet Management, Other Applications
5) By End User: Automotive, Defense, Transportation Infrastructure, Warehousing And Logistics, Public Safety, Other End-Users
Subsegments:
1) By Hardware: Roadside Units Roadside Units, Communication Modules, Sensors And Cameras
2) By Software: Traffic Management Software, Vehicle-to-Everything V2X Platforms, Autonomous Driving Software
3) By Services: Network Deployment And Maintenance, Consulting And System Integration, Data Analytics And Cloud Services
5G In Automotive And Smart Transportation Market Growth Trends Reshaping The Competitive Landscape
Major companies operating in the 5G in automotive and smart transportation market are focusing on developing advanced solutions, such as vehicle-to-everything (V2X) communication platforms, to facilitate real-time data exchange, improve road safety, and support autonomous driving solutions. Vehicle-to-everything (V2X) communication platforms are systems that allow vehicles to wirelessly communicate with other vehicles, infrastructure, pedestrians, and networks, enabling real-time information sharing to enhance safety, traffic efficiency, and autonomous driving performance. For instance, in June 2025, Verizon Communications Inc., a US-based telecommunications company, introduced an edge transportation exchange to enable real-time vehicle data sharing and smart mobility solutions. This innovative 5G automotive and smart transportation system offers ultra-low latency, high data throughput, and massive device connectivity, supporting real-time vehicle communication and improving traffic management accuracy. The edge transportation exchange facilitates real-time vehicle communication, boosting road safety and traffic efficiency through advanced connectivity.
5G In Automotive And Smart Transportation Market Competitive Overview And Top Companies
Major companies operating in the 5g in automotive and smart transportation market report include Volkswagen AG, Samsung Electronics Co. Ltd., Ford Motor Company, General Motors Corporation, BMW Group, Mercedes-Benz Group AG, Verizon Communications Inc., Hyundai Motor Company, Deutsche Telekom AG, Huawei Technologies Co. Ltd., Nissan Motor Co. Ltd., LG Electronics India Limited, Aktiebolaget Volvo, DENSO CORPORATION, Continental AG, Qualcomm Incorporated, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Autotalks Ltd., Commsignia Ltd., Cohda Wireless Pty Ltd.
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5G In Automotive And Smart Transportation Market Top Region: Where Does Most Revenue Come From?
North America was the largest region in the 5G in automotive and smart transportation market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 5g in automotive and smart transportation market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
