KT has revealed an ambitious plan to develop an autonomous driving platform based on upcoming 5G technology.
KT announced that it will develop 5G as a Vehicle Platform (5GaaVP) based on innovative 5G technology. The telco unveiled its blueprint in the 2018 1st Future Forum held at its building in Gwanghwamun, Seoul.
The 5G autonomous navigation platform is based on four core technologies — 5G infrastructure, 5G-V2X (vehicle-to-vehicle communication) technology, precision positioning, and an intelligent control system.
KT expects the autonomous vehicle market to bloom in 2020. According to a study, about 75% of vehicles on roads will be replaced by autonomous vehicles in 2035. If 50% of vehicles are replaced by autonomous driving vehicles, its economic effects are expected to hit about 250 trillion won globally.