[Market Focus] LG Innotek Surges on World's First 5G Broadband Vehicle Communication Module Development

LG Innotek shares are showing strong performance. This is believed to be influenced by news that the company has succeeded in developing the world's first 'third-generation 5G communication module' for vehicles.

As of 2:11 p.m. on May 28, LG Innotek was trading at 147,800 won, up 6.87% from the previous day.

On this day, LG Innotek announced that it had succeeded in developing the world's first third-generation 5G communication module for vehicles that supports 5G broadband (NR-NTN, a wide communication band with a width of 30MHz) satellite communication. This product is a component installed in vehicles to send and receive data with networks such as 5G communication base stations and satellites. It is essential for implementing Software Defined Vehicles (SDV) and autonomous driving.

Previously, vehicle 5G communication modules capable of satellite communication were limited to narrowband (NB-NTN, a narrow communication band with a width of about 0.2MHz) technology. The data transmission speed was at the level of several hundred kbps, which only allowed the exchange of low-capacity data such as text messages, posing limitations for the realization of advanced automotive technologies.

The newly developed module can communicate via artificial satellites even when the connection to ground base stations is lost, and it can transmit and receive ultra-high-speed, large-capacity data. A company representative stated, "Compared to existing 5G satellite communication products, the data transmission speed is hundreds of times faster (at the level of several tens of Mbps), and the data transmission delay has been reduced from several seconds to several hundred milliseconds." As a result, large-capacity data such as voice, images, and videos can be transmitted and received at ultra-high speed, significantly enhancing the implementation level of next-generation vehicle technologies such as autonomous driving.

LG Innotek has set a goal to begin mass production of the third-generation 5G communication module by the first quarter of 2026 (January to March). The company plans to accelerate its entry into the global vehicle communication module market by promoting the product to automakers in North America and Japan. According to the industry, the number of vehicles worldwide using 5G communication modules is expected to increase from 4 million last year to 75 million by 2032, representing an average annual growth rate of 43%.