5G

5G to Disrupt Auto Industry Most

5G mobile technology will bring major changes to many industries. According to IT executives from around the world, the automotive industry will be particularly affected. This is according to a survey by the Business Performance Innovation Network (BPI). Other areas expected to be disrupted by the 5G rollout are cloud services and manufacturing. According to the experts, the financial services sector as well as government and agriculture will be among the least affected.

The 5G technology standard increases mobile upload and download speed significantly, reduced latency times (lag) while preserving energy. The low latency times of the new standard play an important role, especially for time-critical applications such as autonomous driving or connected health.

Description

This chart shows the share of IT executives expecting 5G disruptions to different industries (as of May 2019).

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Forecast share of 5G's contribution to global economy by 2030, by segment
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5G contribution to global GDP by 2030, by industry (in billion U.S. dollars)
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Forecast share of 5G's contribution to the economy in North America in 2030, by industry
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Estimated economic impact of 5G on manufacturing sector in India between 2023 and 2040, by spectrum (in billion U.S. dollars)
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Estimated economic impact of 5G on transport and storage sector in India between 2023 and 2040, by spectrum (in billion U.S. dollars)
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Estimated economic impact of 5G on finance and insurance sector in India between 2023 and 2040, by spectrum (in billion U.S. dollars)

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