5G Ready Telematics Control Units Tcu Market

5G-ready Telematics Control Units (TCU) Market - Global Industry Analysis and Opportunity Assessment 2021 - 2031

5G-ready Telematics Control Units (TCU) Market to grow at a CAGR of ~20%

The integration of 5G-ready telematics control units (TCU) is expected to grow at a CAGR of ~20% during the forecast period 2021-2031. One of the major growth drivers for the 5G-ready TCUs include increasing R&D investments by enterprises to develop robust 5G connected automotive solutions for the end users.

The rising inclination towards security, comfort, and safety in next-generation automotive is estimated to amplify the demand between 2021 and 2031. Many emerging economies around the world have been working on regulations to improve and update passenger and vehicle safety. This is also estimated to flourish the demand.

Find Out More about the Report Coverage

What is Driving Demand for 5G-ready TCUs?

Over the past few years, a noticeable growth is witnessed in the use of innovative technology in the automotive sector. Vehicle-to-infrastructure as well as Vehicle-to-vehicle communication, would emerge as a key influencer in driving the need for 5g-ready TCUs over the forecast period.

The next wave of automated driver-assistance system (ADAS) improvements will be brought about by telematics integration with 5G and vehicle-to-anything (V2X) communication. These are the technologies allowing vehicles to listen and talk to each other, to smart devices on pedestrians, and to road infrastructure. Therefore, thee technologies are projected to create new growth avenues for 5g-ready TCUs in the near future.

Customize this Report

Explore Intelligence Tailored to Your Business Goals.

How Continuous Integration and Development of Automotive Telematics Impacting the Market Growth?

As vehicle functionality keeps on improving with every new model, there is a continuous development in the semiconductor content of the vehicle. In addition, it is projected that electronics directly or indirectly enable 80% of all innovations in the automotive industry today.

The integration of 5G in the automotive industry is expected to unlock opportunities for connected bus-stops, connected cars, autonomous vehicles, and smart metros. These facilities will translate into navigation and ecosystem scalability, fleet monitoring, augmented reality, sustainability, and safety.

Moreover, it is likely that by 2023, 5g-ready TCUs will become more prominent as various nations such as the U.S., Saudi Arabia, UAE, and parts of Europe, have already started the deployment of 5G technology in automotive sector.

All these factors have greatly influenced the market as advances in communication tech and new and emerging technologies have made data sharing and transfer faster, reliable, and accessible, opening up new possibilities. This rising trend is anticipated to augment the growth of 5g-ready TCUs during the forecast period.

Market Research Methodology - Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

Get actionable insights on Ship Repair And Maintenance Services Market

US 5G-ready TCU Sales Overview

The strong growth rate of 5g-ready TCUs in the country is mainly due to large-scale domestic manufacturing activities, owing to technological innovation in informatics and the government initiatives toward disruptive technologies. The increased usage of IoT in automotive applications and emergence of 5g connected technologies have added new dimensions in conducting business operations in the country.

These trends are estimated to propel the sales 5g-ready TCUs in the U.S. Moreover, the country had witnessed a fair amount of development in past few years. The companies in the area are actively working together to deliver innovative products, thereby contributing towards the market growth.

For instance, in January 2021, Harman International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd., launched Harman Turbo Connect (TBOT), a new intelligent software agent that mitigates and anticipates vehicle connectivity discrepancies on the road.

The latest offering in Harman’s telematics portfolio, Harman TBOT fulfills the current demand for low latency and high-speed connectivity, particularly when used alongside 5G-enabled technologies like Harman’s 5G-ready TCUs and smart conformal antenna.

Explore Persistence Market Research’s expertise in promulgation of the business !

Europe Demand Outlook for 5G-ready TCUs

European mobility is drastically changing owing to growing urbanization, environmental aspects, and safety. In this respect, the European Union pushes for large-scale collaborative cross-border validation activities on cooperative, connected and automated mobility.

As 5G expansion continues to gain traction in Europe with prominent automakers conducting C-V2X trials, by 2025, it is estimated that, one out of five connected cars sold in Europe would be integrated with 5G TCUs.

Moreover, the European commission is increasing its investments in 5G technology projects over the past few years. 5G CAR is a project funded by the European Commission to showcase new 5G communication technologies for connected and automated mobility.

5G CAR has developed an overall 5G system architecture for fast and reliable vehicle-to-vehicle and vehicle-to-infrastructure connectivity (V2X), supporting road safety and traffic flow management. Hence, these factors are expected to positively influence the growth of 5g-ready TCUs in the region.

Who are the Key 5G-ready TCU Manufacturers?

Some of the leading manufacturers of 5G-ready TCUs include

  • HARMAN International (Samsung)
  • Qualcomm Technologies Inc.
  • Askey Computer Corp.
  • MediaTek Inc.
  • Quectel Wireless Solutions
  • Movandi Corporation
  • Visteon Corporation
  • Millimeter Wave Products Inc.
  • Farran Technologies
  • Others.

Key Segments

By TCU Type

  • mmWave 5G TCUs
  • Sub-6 GHz TCUs

By Connectivity

  • Vehicle-to-Vehicle (V2V) Connectivity
  • Vehicle-to-Infrastructure (V2I) Connectivity
  • Vehicle-to-Network (V2N) Connectivity

By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

By End User

  • Auto Manufacturers/OEMs
  • Automotive Aftermarket Vendors
  • Telematics Vendors

By Region

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • BENELUX
    • Russia
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia & Pacific
    • India
    • Thailand
    • Indonesia
    • Malaysia
    • Australia & New Zealand
    • Rest of South Asia & Pacific
  • Middle East & Africa
    • GCC Countries
    • Turkey
    • South Africa
    • Rest of Middle East and Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

5G-ready Telematics Control Units (TCU) Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Our Clients

Our Clients