Cars aren’t just cars any more. And no one knows that better than automotive’s top innovators.
It’s no accident that some of Europe’s fastest 5G networks are found in development centres renowned for automotive excellence. As autonomous vehicles, connectivity, electrification and shared mobility (ACES) continue to disrupt the industry, 5G is accelerating a move to the edge that will do for automotive what 4G did for financial services, streaming and e-commerce services. As the industry’s leading innovators invest in software, 5G’s enablement of more powerful computing and lower latency, underpinned by ever-greater IoT and sensor saturation, will form the backbone of a genuine revolution in automotive innovation.
Any colour you like, as long as it’s connected
5G will disrupt many industries, but its capacity to re-shape automotive is profound: millions of vehicles globally already connect to mobile networks for everything from real-time navigation to in-car entertainment and, increasingly, e-commerce services. As 5G’s footprint expands, V2X (vehicle-to-everything) and production at the pace of innovation are rapidly becoming realities. Instantaneous, secure transmission of data between cars, humans and machines opens up a realm of use cases, each with their own unique set of possibilities, including:
- Accelerated automation and safety features: Combined with multi-access edge computing (MEC), 5G provides the backbone for high-end, pre-emptive early warning and assistance systems, enhancing automated driving functionality while unlocking new opportunities and partnerships for connectivity and streaming services. Taking that a step further…
- Autonomous vehicles: The secret sauce for V2X has arrived in the form of 5G and IoT. High throughput and low latency enable the kinds of connectivity needed to handle multiple sources of data, whether it’s other vehicles, traffic lights or emergency services.
- Transformation of the electric vehicle (EV) landscape: Development and production plants will benefit from enhanced insights and data, enabling improved production, better performance and availability of the infrastructure needed to genuinely transform deployment and consumer uptake, such as battery level monitoring, charging stations and efficient route identification.
- Mobility as a service (MaaS): 5G is the heart of the mobility revolution. As manufacturers and governments alike look to reduce carbon footprints, fleets of connected vehicles can ensure more efficient road usage, reduced fuel consumption and improved air quality as consumers share or use vehicles as a service. 5G makes this revolutionary ecosystem possible, enabling MaaS providers to run fleets of vehicles in concert with other transport systems, opening up new opportunities and value propositions for a younger generation for whom a shared use / pay-as-you-go model will offer broad appeal.
- A platform for new services and partnerships: 5G’s capacity to transmit data opens up significant downstream digital revenue opportunities that could extend the profitability of vehicles over their lifetime, beyond traditional value-add servicing/parts propositions. Branded marketplaces, content, entertainment streaming and real-time, customer-relevant retail opportunities all provide new frontiers for partnerships beyond traditional platforms.
5G – unlocking ‘what’s next’ in automotive
5G and the IoT are ushering in a new era for automotive development, enabling the disruption and opportunities of ACES while opening up new frontiers in car ownership models and in-car services. From advanced driver assistance systems (ADAS) through to predictive maintenance, fleet efficiency and smart city planning, 5G is uniquely poised to enable traditional and not-so-traditional innovation.
Cubic Telecom’s connected software solutioms are helping some of the world’s leading vehicle brands to maximise the opportunities of 5G. To learn more about how automotive OEMs can make the most of data in a connected vehicle system, check out our video “Connected vehicle data and the opportunity for automakers” now.