As AI and IoT continue to drive technological innovation, it is crucial to grasp the impact of 5G connectivity on product demand and wireless capabilities. Beyond just smartphones and households, the expanded bandwidth and improved data-sharing capacity are fueling the advancement of groundbreaking technology across various industries.
5G, coined as the fifth generation of mobile communication networks, is considered by experts as the next wireless revolution. This technology offers faster data sharing speeds, reduced latency delays, and increased connectivity, paving the way for augmented and virtual reality (AR and VR) to become more reliable and widespread in various industries.
Although the full commercialization of 5G is still pending, early adopters and market leaders have already introduced game-changing products in sectors such as healthcare and automotive. With experts forecasting 5G's value to surge from $2.6bn to $33.72bn between 2020-2026, more industries will capitalize on the opportunity to enhance their technological capabilities. As a result, OEMs can expect a significant rise in demand for 5G-enabled communicative products.
Every day, cars once seen as futuristic concepts are evolving into the vehicles of tomorrow. Gone are the days when drivers had to gauge the distance from the curb while parking; now, their cars can park themselves. Thanks to the integration of 5G-powered AI, AR, and IoT, today's cutting-edge vehicles are more interconnected than ever before. The enhanced bandwidth of 5G enables intricate 3D mapping and seamless sensory data sharing in V2V (M2M) communications.
The potential of 5G will drive the advancement of fully autonomous cars, as communicative capabilities transition from V2V to V2X, or "vehicle to everything," communication. This progress will lead to more streamlined traffic flow, a decrease in harmful emissions, and, most importantly, enhanced safety as vehicles gain a heightened awareness of their surroundings. With the introduction of 5G, automotive OEMs are now focusing on enhancing the rider experience and tailoring features to meet individual needs.
Healthcare
The healthcare sector, like many others, stands to benefit greatly from the commercialization of 5G. Qualcomm’s EVP of technology sees 5G as a reliable technology in hospitals, enabling the development of highly dependable systems for medical professionals to rely on. With 5G's data-sharing capabilities and IoT sensors, monitoring patients with chronic illnesses will improve, leading to better treatments and diagnoses.
Numerous OEMs have already jumped on this opportunity, creating wearable sensors that track UV intake and offer health recommendations based on internal data. Additionally, they are developing devices and apps to assist in the recovery of damaged lungs in cardiovascular patients.
After examining the potential impact of commercialized 5G in the automotive and healthcare sectors, it's evident that there is a chance for various other industries to meet the demand for 5G-compatible communicative products.
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