A few days ago, we presented a brand new entity in the Impact CEE structure: the Impact Research Hub. It is a “do tank” that will regularly deliver reports and commentaries on emerging trends and technologies disrupting the status quo. Last week, you had the chance to read their commentary on the IAA Frankfurt Motor Show and future trends presented during this event.
Today, we’re proud to give you a more in-depth analysis of one of hottest innovations of the last years: the 5G network and its predicted influence on the European automotive industry. It’s the first such document in the series of Policy Insights, which will be created by the Impact Research Hub on a monthly basis.
You can download the full report from this link. In this post, we present a selection of the key points – the report in a nutshell. The Impact Research Hub has also prepared this handy infographic for you to download.
How will 5G revolutionize the European automotive industry?
- 5G is more than just the next step in wireless. It is the foundation for developing more efficient industry and smarter technology as well as innovative ways of communicating with the world around us.
- The impact of 5G technology on the entire automotive ecosystem will be tremendous. It is sure to send shockwaves through the industry and cause fundamental changes – not only in the core product it manufactures, the car itself, but also in the business models of suppliers who deliver all complementary products (including semiconductors) as well as usage models. Europe will not be spared this disruption.
- 5G will enable enhanced V2X communications for connected cars and automated driving. V2X increases vehicle safety, enhances driving efficiency, saves money, and helps reduce traffic accidents – just to name a few of its benefits. Trucks are expected to be the first to go driverless.
- Mobility as a Service (MaaS), also called the “Netflix of transportation”, will revolutionize the passenger experience. Passengers will be able to register just once and be able to use any mode of transportation instead of having many different apps for their daily mobility. Finland is a pioneer in the area of mobility servitization and strongly contributes to promoting the MaaS concept not only in Europe but also around the world.
- Cooperation between players from the automotive and ICT industry is sure to evolve as a result of 5G – in fact, it’s already happening. Apart from the EATA and European MaaS Alliance, other cross-sectoral associations have been created. The ETSI Industry Specification Group for Mobile Edge Computing has grown from an initial 6 to over 40 members within less than a year of inception.
Download the full report to find out what are Impact Research Hub’s recommendations on support for the deployment of 5G on the European and national levels, as well as for the key players in the automotive and ICT industries.