Note: The following is an excerpt from the white paper "Are EVs equipped enough to overthrow the dominance of vehicles based on ICE?" by BIS Research, a global market intelligence, research, and advisory company that focuses on emerging technology trends that are likely to disrupt the market. 

An increase in the number of smartphones and connected devices and an increase in data traffic has led to congestion in the existing network, thus, increasing the demand for high bandwidth for various end-users.

This has paved the way for the network that can provide high speed and uninterrupted data at low latency. The introduction of the fifth generation (5G) communication network is expected to overcome speed barriers and enable faster data transmission.

Note: The following is an excerpt from the white paper "Will Self-Driving Vehicles Be a Reality by 2025?" by BIS Research, a global market intelligence, research, and advisory company that focuses on emerging technology trends that are likely to disrupt the market. The excerpt is a section titled "What Is Driving the Trend for Self-Driving Cars?" 

The global video surveillance market generated a revenue of $32.00 billion in 2017 and is estimated to achieve $36.54 billion in 2018, according to a market intelligence report published by BIS Research.

According to a recent market intelligence report from BIS Research, the automotive intelligent lighting market was valued at $9.40 billion in 2017 and is expected to reach $15.08 billion by 2023, growing at a CAGR of 8.44% during the forecast period from 2018 to 2023.

According to a market intelligence report from BIS Research, the laparoscopic and endoscopic devices market is expected to reach $27.92 billion by 2025. The market is likely to grow at a CAGR of 4.80% from 2018 to 2025.

According to a market intelligence report from BIS Research, the global nano satellite market is expected to rise in revenue from $189.7 million in 2018 to $356.1 million in  2023, growing at a CAGR of 13.43%. This accelerated growth can be attributed to a number of factors.

According to a new market intelligence report by BIS Research, the global smart farming market is expected to reach $23.14 billion by 2022, rising at a compound annual growth rate (CAGR) of 19.3% from 2017 to 2022.

The market growth is primarily attributed to the increasing demand for higher crop yield, the growing penetration of information and communication technology (ICT) in farming, and the increasing need for climate-smart agriculture.

According to a market research report by BIS Research, the Simultaneous Localization and Mapping (SLAM) technology market was estimated at $50 million in 2017 and is estimated to reach $8.23 billion by 2027.

According to a report by BIS Research, the global heating, ventilation, and air conditioning (HVAC) market was estimated at $172.37 billion in 2017 and is expected to reach $208.55 billion by 2024, growing at a CAGR of 2.6% during the forecast period. A number of factors are at play: