GLOBAL5G WEBINAR "How 5G Can Support Transformation in the Automotive Industry"
In this report, we report the key discussion points of our webinar entitled "How 5G can support transformation in the automotive industry", organised by IDC in collaboration with Trust-IT, as part of our analysis on the benefits of 5G for diverse vertical industries across Europe.
The webinar took place on 10 October 2018 with experts from Ericsson Research and IDC, bringing great insights into the opportunities and challenges that 5G will bring to the European Automotive Industry over the next few years
Watch the webinar here
The automotive industry is one of the most crucial sectors for Europe’s economic growth and prosperity, contributing 4% of EU's GDP and creating employment for over 12 million people.
The EC is committing to large research and innovation investment to keep Europe's global technological leadership in the sector and strengthen its competitive position. By 2020, the EC will have more than doubled the available funding for collaborative research and innovation activities for the automotive sector, with a focus on green vehicles, decarbonisation of conventional engines and safety.
Meanwhile, the automotive industry needs to reinvent itself and create a new paradigm for Europe’s mobility ecosystem (especially in the wake of the ‘diesel-gate’ scandal). The deployment of 5G presents great opportunities to develop new business and ownership models based on vehicle digitalisation and decarbonisation.
Connected Vehicles are not just as an opportunity, but as a series of opportunities, some of them enhanced by the capabilities of 5G, and some of them enabled by those capabilities:
So, we see a progression of opportunities for automakers, service providers and network operators, as automotive transformation. Some near-term opportunities are already being enabled by today’s 4G networks. And as 5G networks come on stream, they will support a major expansion in both the scale and the scope of new services and capabilities that will be are available to drivers during the coming decade.
We are at the starting line of the transformation in the driving experience that connectivity can enable. The industry is making a concerted push towards increasing levels of autonomy in vehicle operation, and this will need levels of performance and reliability that today’s mobile networks cannot deliver. 5G networks will overcome these limitations by delivering higher capacity, lower latency, denser connectivity and service-level guarantees, while multi-stakeholder co-operation between Regulators, Public Sector, Automotive Manufacturers, Telecom stakeholders will play an essential role in accelerating the societal benefits of connected vehicles.