5G in Automotive and Smart Transportation Market to Exceed a Market Valuation of US$ 9,500 Million by 2030, Says Future Market Insights in New Study

DUBAI, UAE / ACCESSWIRE / October 5, 2020 / In a recent market study by Future Market Insights (FMI) on the 5G in automotive and smart transportation market is expected to grow at a dexterous 26% CAGR throughout the estimated period, 2020-2030. Growing dependence on smart technology comprising IoT and 5G, into the transportation and automotive sectors is poised to confer lucrative revenue prospects to market players. As automotive producers leverage both the demand-side and supply-side advantages provided by the incorporation of 5G technology in automobiles, the market is slated for remarkable growth over the projected period.

However, production in the automotive sector plummeted, accordingly bringing down the automobiles sales, due to the COVID-19 pandemic. This posed a challenge for market growth, healthy growth is predicted with the relaxation of lockdown measures.

“Market players operating in the global market are focusing their efforts towards research & development exercises to discover

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Future Navy fleet will exceed 355 ships

The Navy fleet of tomorrow will look substantially different than the one today, both in terms of the type of ships, and the number of them.



a ship in a body of water


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Secretary of Defense Mark Esper is for the first time confirming the Navy will go beyond the current goal of 355 ships.

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“It will be a balanced force of over 355 ships, both manned and unmanned,” he said. 

How far beyond 355? Esper didn’t specify. But Defense News — citing obtained-documents — reports the number could reach 530.

The reason: China is believed to be building toward a fleet of as many as 425 ships by 2030.

“We must stay ahead,” said Esper. ” We must retain our over-match. And we will keep building modern ships to ensure we remain the world’s greatest Navy.”

Esper, speaking last week before the Rand Corporation, said the United States is

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