Ericsson tests 5G drone for factory inventory management, aims to lead 5G technology market

From NASDAQ: 2024-05-28 11:47:00

Ericsson successfully tests a 5G millimeter wave-powered drone in its US smart factory using Qualcomm’s QRB5165 processor and Telit Cinterion’s 5G mmWave. The drone navigates through obstacles autonomously, performing faster and more accurate inventory checks. The move towards automation in industrial setups is driven by e-commerce growth and cost reduction demands.

Ericsson focuses on developing 5G use cases like unmanned aerial vehicles for inventory management. The successful drone test lays the groundwork for future commercial usage of 5G mmWave devices. The company aims to lead the market as 4G transitions to 5G technology. With 162 live 5G networks across 69 countries, Ericsson remains a key player in the industry.

NVIDIA, Arista Networks, and Silicon Motion Technology show promising growth potential in the tech sector. NVIDIA, a Zacks Rank #1 stock, leads in visual computing and AI solutions. Arista Networks capitalizes on strong momentum and diversification. Silicon Motion Technology focuses on developing microcontroller ICs for NAND flash storage devices. These companies exhibit strong earnings surprises and growth prospects.

Zacks Investment Research offers insights into stock market trends for investors. Ericsson’s successful drone test demonstrates technological advancements in 5G for industrial applications. Companies like NVIDIA, Arista Networks, and Silicon Motion Technology show promise for growth in the tech sector. The transition to 5G technology presents opportunities for companies to expand and innovate.



Read more at NASDAQ: Ericsson (ERIC) Advances 5G Innovation for Industrial Automation