Superfast cellular networks are coming as soon as next year – with big implications for mobility.
Handset providers and network providers will experience a bump in sales as consumers look to take advantage of minimum download speeds of 10Gbps (1000x faster than 4G). Right across the board, mobile apps and services will be adapted for 5G. For example, an HD movie will be downloadable in under 10 seconds, and Ericsson is predicting that 1.5bn 5G handsets will have that capability by 2024.
As the technology develops, data transfer speeds could potentially be measured in terabytes, putting many broadband connections in the shade.
But 5G will deliver more than a fast-mobile network; it is more akin to a digital infrastructure that will impact fundamentally on industry and business operations, including automotive.
While the low latency and speed of 5G will usher in a new level of connected services into cars, 5G’s real potential lies in the development of fully autonomous vehicles which will rely on almost instant communication with other vehicles and the road environment.
Elsewhere in the value chain, 5G promises to deliver new efficiencies in the supply chain, warehousing and logistics operations. Big data, Ai and blockchain applications will enable automakers and tier suppliers to make manufacturing and predictive maintenance decisions in seconds.