Monday, 21 December 2020 09:08

China set to account for 40% of 5G connected cars in 2025

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China set to account for 40% of 5G connected cars in 2025 Pixabay

Sales of 5G connected cars in China will reach 7.1 million units in 2025, the technology analyst firm Counterpoint Research has forecast, adding that this would account for 40% of the volume of connected car sales.

The company said, at the moment, the connected car market in China was dominated by 4G, with the sales volume expected to reach 7.8 million units this year or 95% of the total.

The growth in 5G connected cars was being driven by the fast rollout of the technology, government incentives like the issue of US$535.6 billion special-purpose bonds and the Made in China 2025 campaign, Counterpoint said.

Senior analyst Aman Madhok said: ”Despite the impact of COVID-19, China’s connected car sales volume are expected to reach 8.2 million units in 2020, a slight increase of 0.8% year-on-year from the 8.1 million units shipped in 2019.

"In terms of global share, China is expected to grab 26.8% of the sales volume in 2020, becoming the second-largest connected car market. With a projected share of 30%, the US will continue to lead the market while Europe will take the third spot, but with almost the same volume as China."

connected cars graph

From the brand perspective, research associate Alicia Gong said: "Foreign brands control almost three-quarters of China’s connected car sales volume. Volkswagen Group is the market leader with a 25% share, followed by General Motors and Mercedes Benz.

"Among local brands, which account for just 12% of the sales volume, Changan is the leader with a 4% share, followed by Geely and SAIC.”

Counterpoint said luxury brands like Mercedes Benz, BMW and Audi had been offering 4G connectivity since the first quarter of 2019.

"After Huawei released the world’s first 5G telematics module (MH5000) in April 2019, Audi quickly deployed it in its passenger cars and showcased it at the Beijing-Chongli Expressway demonstration in 2019-end," the company said. "We expect Audi to launch these models soon, followed by other brands."


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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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