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It is estimated that the sales volume of 5g connected vehicles in China will reach 7.1 million in 2025, accounting for 40% of the total From Counterpoint

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The following is the It is estimated that the sales volume of 5g connected vehicles in China will reach 7.1 million in 2025, accounting for 40% of the total From Counterpoint recommended by recordtrend.com. And this article belongs to the classification: 5g industry, Counterpoint, Smart car.

According to the latest research of counterpoint intelligent connected vehicle service, the sales volume of 5g connected vehicles in China will reach 7.1 million in 2025, accounting for 40% of the total. However, 4G is still the mainstream of China’s Internet of vehicles market. The sales volume of 4G connected vehicles is expected to reach 7.8 million in 2020, accounting for 95% of the total sales volume of connected vehicles. However, with the rapid deployment of 5g and the rebound of the automotive industry in 2021, the sales of 5g connected vehicles will grow rapidly. This is mainly because the government has introduced incentive measures. For example, in 2020, the government will issue 535.6 billion US dollars (3.7 trillion yuan) of special bonds to promote the development of 5g and other strategic industries; the “made in China 2025” in the 13th five year plan will also promote the automobile industry to speed up the deployment of 5g. In addition, the three major operators, China Mobile, China Unicom and China Telecom, will invest about $184 billion in 5g network construction by 2025.

Senior analyst aman madhok commented on China’s Internet of vehicles market: “despite the impact of the cowid-19 epidemic, China’s Internet of vehicles sales will still reach 8.2 million in 2020, up 0.8% from 8.1 million last year. Globally, the sales volume of connected vehicles in China is expected to account for 26.8% of the total global sales volume in 2020, becoming the second largest market of connected vehicles. The United States will continue to lead the world with a 30% share, while Europe ranks third, slightly lower than China. “

Figure 1: sales share of connected vehicles by country in 2020

Source: counterpoint’s smart Automotive Service

Assistant analyst Alicia Gong commented on the performance of various brands: “in China’s Internet of vehicles market, foreign brands account for nearly 3 / 4 of the total sales volume of Internet of vehicles. Among them, Volkswagen ranks first with a 25% share, followed by general motors and Mercedes Benz. Local brands account for only 12% of the total sales of connected vehicles, with Chang’an Automobile in the first place, holding 4% share, followed by Geely and SAIC. “

Figure 2: sales share of connected vehicles of various brands in 2020

Source: counterpoint’s smart Automotive Service

It is worth mentioning that most passenger cars of luxury brands Mercedes Benz, BMW and Audi have been fully equipped with 4G since the first quarter of 2019. In April 2019, Huawei released the world’s first 5g vehicle module mh5000. After that, Audi quickly loaded the module on passenger cars and made its debut in the Beijing Chongli Expressway exhibition at the end of 2019. Audi is expected to launch these 5g connected vehicles soon, and other brands will follow suit.

More reading: Counterpoint: the sales volume of 5g mobile phones in China in 2019 is close to 50% of the world’s Research: Samsung Galaxy note 20 ultra’s most popular counter point China Unicom: 5g + remote intelligent driving white paper (with download) Internet of vehicles: 5g “geese” show wings, new infrastructure trump card appear (with download) counterpoint: every three consumers One will reduce the replacement budget by more than 20%. Ernst & Young: it is estimated that the number of 5g users in China will reach 576 million in 2025, accounting for more than 40% of the global total. Counterpoint: in Q2 of 2017, the shipment volume of China’s smartphone market will increase by 3% on a year-on-year basis. Counterpoint: the sales volume of global smart phones in the next three years is expected to reach nearly 370 million

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