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| ![]() Private 5G in Automotive Market Size to Reach USD 12,879.1 Million in 2032The Private 5G In Automotive market was valued at USD 1132.8 million in 2024 and is expected to register a revenue CAGR of 36.7%.
However, high initial deployment and maintenance costs are significantly restraining the revenue growth of the private 5G in automotive market. Establishing a private 5G network requires substantial investment in infrastructure, including spectrum acquisition, network equipment, and integration with existing manufacturing systems. Segments Market Overview and Growth Insights: Based on product type, the private 5G in automotive market is segmented into vehicle connectivity solutions, autonomous driving systems, smart manufacturing systems, fleet management, and others. The vehicle connectivity solutions segment held the largest market share in 2024, driven by the growing demand for high-speed, low-latency communication in next-generation vehicles. As connected and autonomous vehicle technologies gain traction, reliable communication through vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-network (V2N) systems has become increasingly essential. Supporting this trend, on April 5, 2022, Cellnex Telecom, a leader in 5G connectivity, entered into a strategic partnership with the automotive division of SEGULA Technologies. Regional Market Overview And Growth Insights: North America held the largest revenue share in the market in 2024, supported by robust government initiatives, well-established digital infrastructure, and rising investments from automotive OEMs and tech firms. The U.S. Department of Transportation's allocation of USD 1.5 billion toward smart infrastructure projects, including 5G-enabled vehicle-to-everything (V2X) systems. It is accelerating the adoption of private 5G networks in the region. Competitive Landscape and Key Competitors List of major players included in the market report are: Ericsson, Nokia, Qualcomm Technologies, Inc., Huawei Technologies Co., Ltd., Samsung Electronics, Intel Corporation, Cisco Systems, Inc., Verizon Communications Inc., AT&T, ZTE Corporation, Vodafone Group PLC, NEC Corporation, Parallel Wireless, Sierra Wireless, and NTT DATA. Major Strategic Developments By Leading Competitors Samsung Electronics: Get a preview of the complete segmentation: https://navistratanalytics.com/ End
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