5g-ready telematics control units (tcu) market

By the end of 2033, the market for 5G-ready Telematics Control Units is anticipated to have expanded to US$ 33,105.5 Mn from its value of US$ 2,497.5 Mn in 2022. It is anticipated that the market for 5G-ready Telematics Control Units would reach US$ 3,121.9 Mn in 2023 and expand at a CAGR of 26.6% from 2023 to 2033.

A telematics control unit (TCU) that is 5G-ready is an embedded on-board device that powers telecom services. As it enables consumers to get real-time information about their automobiles, it is quickly becoming a necessary component of connected-car services. The smart antenna in the 5G-ready telematics control modules integrates many antennas into a single antenna. Later, it is installed below the body surface of the vehicle and covered with a non-conductive material. In order to provide rapid communication between pedestrians, automobiles, and infrastructure, this technology will be required.

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The 5G-ready Telematics Control Units (TCU) market is expected to grow in the coming years as the adoption of 5G technology increases. 5G-ready TCUs are devices that can connect to a 5G network and provide advanced features such as faster data transfer speeds, lower latency, and improved reliability. These features are particularly important for the automotive industry, as they enable the use of advanced driver assistance systems and autonomous vehicles.

Additionally, the increased connectivity provided by 5G-ready TCUs can also improve the efficiency and safety of fleet management and logistics operations. As such, the market for 5G-ready TCUs is expected to see strong growth in the automotive and transportation sectors, as well as in industries such as manufacturing, agriculture, and construction.

Key Takeaways from Market Study

• The South Asia & Pacific region is expected to create lucrative growth opportunities for players due to growing importance of telematics and 5G networks for safety in the automotive sector.
• Key players are focusing on acquisitions to complement their product portfolios so as to cater to the needs of a variety of customers. Market participants are also focusing on providing products directly to end users to improve their direct customer relations.
• The market in the U.S. is projected to expand at a CAGR of 26.4% through 2031, while that in Germany at around 29.1%.
• Market growth in China, Japan, and India is expected to be much higher, at CAGRS of around 37.7%, 42.0%, and 50.7%, respectively.

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Competitive Landscape

Major 5G-ready telematics control unit companies are collaborating and partnering with other organizations to provide more care, most of the companies operating in this domain have expertise in consumer electronics and internet connectivity solutions.

• For instance, in November 2020, HARMAN International introduced HARMAN Turbo Connect (TBOT), a new intelligent software agent that will anticipate and mitigate vehicle connectivity discrepancies on the road. This satisfies current demand for high-speed connectivity with low latency, especially when used alongside 5G-enabled technologies such as HARMAN's smart conformal antenna and full 5G and 5G-ready TCUs.
• For instance, in February 2021, Quectel collaborated with Qualcomm Technologies to offer advanced and smart connections to vehicles, including 5G, LTE/LTE-A, C-V2X and other automotive modules to empower safer and more efficient driving. With this pairing, both companies will develop competitive automotive communication modules to enable safe and efficient driving experiences to bring 5G-connected vehicles into the 5G era.

Key Palyers

• Askey Computer Corp.
• MediaTek Inc.
• Quectel
• Visteon Corporation
• Movandi Corporation
• Millimeter Wave Products Inc.
• Farran

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Key Segments of 5G-ready Telematics Control Units (TCU) Market Industry Research

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 Vehicles
• Commercial Vehicles

By End User:

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

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East and Africa

About the Electronics, Semiconductors, and ICT Division at Persistence Market Research

Expert analysis, actionable insights, and strategic recommendations – the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

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