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5G In Automotive And Smart Transportation Market Growth Potential: How Will Market Size Change Through 2030?
The market for 5G in automotive and smart transportation has experienced exponential growth over recent years. Its value is projected to expand from $3.07 billion in 2025 to $3.86 billion in 2026, representing a compound annual growth rate (CAGR) of 25.7%. This historic expansion was driven by factors such as the progression of mobile communication standards, the proliferation of connected vehicles, smart city projects, greater utilization of telematics, and initial autonomous vehicle testing.
The 5G market within automotive and smart transportation is anticipated to see rapid expansion in the coming years. It is projected to reach $9.58 billion by 2030, achieving a compound annual growth rate (CAGR) of 25.5%. This forecasted growth is fueled by the acceleration of autonomous mobility, the broadening of 5G infrastructure, a rising need for real-time traffic insights, growth in connected logistics, and increased investments in smart transportation. Significant trends anticipated in this period include the implementation of vehicle-to-everything connectivity, the development of advanced smart traffic management systems, the incorporation of 5G into autonomous driving technologies, the expansion of connected fleet services, and a growing requirement for low-latency automotive networks.
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5G In Automotive And Smart Transportation Market Growth Drivers: What Factors Are Accelerating Expansion?
The rising uptake of electric vehicles is anticipated to fuel expansion in the 5G automotive and smart transportation market moving forward. Electric vehicles (EVs) are defined as automobiles driven by electric motors that use energy stored in rechargeable batteries instead of conventional fossil fuels. This growing adoption is being spurred by heightened environmental awareness, since EVs emit fewer greenhouse gases than traditional cars, which aids in curbing air pollution and mitigating climate change. Through 5G connectivity, electric vehicles can access live information about charging station locations and optimal travel routes, which serves to diminish range concerns and boost charging effectiveness. For illustration, the International Energy Agency (IEA), an autonomous intergovernmental organization based in France, reported that electric car sales in 2023 were 3.5 million units higher than in 2022, marking a 35% increase year-over-year. Consequently, the escalating embrace of electric vehicles is propelling the advancement of the 5G in automotive and smart transportation market.
5G In Automotive And Smart Transportation Market Categorization By Product Type And Application
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 Trends Driving Strategic Industry Expansion
Major industry players within the 5G automotive and smart transportation sector are concentrating on creating sophisticated solutions, like vehicle-to-everything (V2X) communication platforms, to enable instantaneous data sharing, enhance road safety, and facilitate autonomous driving technologies. V2X communication platforms are designed for wireless interaction between vehicles, infrastructure, pedestrians, and networks, allowing real-time information exchange that improves safety, traffic flow, and self-driving performance. For example, in June 2025, Verizon Communications Inc., a telecommunications firm based in the United States, rolled out an edge transportation exchange to support live vehicle data sharing and intelligent mobility services. This cutting-edge 5G automotive and smart transportation system provides extremely low latency, high data capacity, and extensive device connectivity, enabling real-time vehicle communication and boosting traffic management precision. The edge transportation exchange enhances real-time vehicle interaction, increasing road safety and traffic efficiency through advanced connectivity.
5G In Automotive And Smart Transportation Market Competitive Landscape And Leading 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 Largest Region: Which Geography Holds The Highest Market Share?
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.