5G Industrial IoT Market
5G Industrial IoT Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031
Analysis of 5G Industrial IoT market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
5G Industrial IoT Market to Grow with a CAGR of More than ~20%
The global 5G industrial IoT demand is projected to witness remarkable growth during 2021-2031. The boom in artificial intelligence and IoT technology is driving product sales. Also, the need to look beyond smart factories, intelligent products, and services towards enterprise as a whole and the unique benefits of high capacity urban wireless applications are key factors augmenting the demand for 5G industrial IoT products worldwide.
What is Driving Demand for 5G Industrial IoT?
The key elements fueling the development of the 5G Industrial IoT systems include robust demand for low latency and high-reliability networks in manufacturing industries, increase in data traffic owing to the rising number of IoT devices in manufacturing industries, growing need to take pre-emptive measures for critical equipment, and growth in a number of M2M connections across manufacturing industries.
Moreover, providing connectivity to industrial devices has become easier with improvements in the economics of end devices, large investments in 5G IoT systems, adoption of global standards, and availability of spectrum. Overall trends in information technology such as cloud computing and edge cloud, artificial intelligence, and security assurance are estimated to further accelerate the need for 5G industrial IoT systems.
Rising Demand for Low Latency Networks and High Reliability in Manufacturing Industries
Low latency and ultra-high reliability are a few of the key elements impacting the demand. Lower latency leads to a higher data transmission rate. The 5G technology is expected to provide a latency of 1 millisecond, whereas, in 4G, the latency rate is 50 milliseconds. As a result, 5G services would be highly demanded connected IoT ecosystems and manufacturing applications, as these connections and applications need reliable and faster network services.
In addition, since connectivity plays a crucial role in Industry 4.0, industrial networks need a secure, stable, fast, and reliable connection to process the captured data in real-time for monitoring industrial equipment and plant. 5G technology encompassing high-reliability and low latency attributes, is expected to offer improved connectivity by providing the required capacity, mobility, and speed for enhanced IoT implementation.
UK 5G Industrial IoT Market Outlook
The UK is mostly focused on the 'smart city' vertical of IoT where public infrastructure and services are being greatly transformed through large-scale IoT deployments. Moreover, it has been observed that the U.K., being one of the prominent countries in Europe, has been conducting research for the commercialization of 5G technology, along with other European nations.
For this, enterprises such as Vodafone, Ericsson, and Deutsche Telekom are testing various advanced technologies and frequency spectrums to efficiently integrate 5G technology. Moreover, these enterprises have also initiated customer trials in various geographical areas which is likely from the 5G technology base.
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Asia Pacific Demand Outlook for 5G Industrial IoT
Asia Pacific, being a developing region, is observing dynamic changes related to adoption of innovative technologies and is estimated to record rapid growth rate and significant market share over the period under review. The region is projected to take over edge computing, 5G core technology, and block chain, owing to its rapid adoption by countries and its diverse population, including South Korea, Singapore, Australia, Japan, and China.
It is a diversified region that includes a wide range of countries moving toward digital transformation. APAC has emerged as one of the high potential regions for connected devices over the past few years. Moreover, Asian IT vendors, government firms, and telecom service providers are aiming to increase their investments in 5G R&D. Australia, China, South Korea, and Japan are the major Asia Pacific countries that have initiated various 5G-related activities.
India is expected to become one of the early adopters of IoT technology around the world. As a result, the number of IoT connections in the country is going to increase 30 times and market size through 2025. In India, both Industrial and consumer sectors are almost at par when considering the number of devices installed and revenues of the IoT industry as a whole. However, the IIoT sector is expected to surpass the consumer sector in near future.
Who are the Key Manufacturers and Suppliers of 5G Industrial IoT System?
Some of the leading manufacturers and suppliers of 5G industrial IoT include
- Qualcomm Technologies Inc.
- Huawei Technologies Co. Ltd.
- Cisco Systems
- Ericsson
- Nokia
- IBM Corporation
- ASOCS
- Advantech Co. Ltd.
- China Unicom
- Siemens AG
- KT Corporation
- ABB
- among others.
Strategic partnerships and long-term agreements among the telecommunication service providers and network equipment manufacturers are expected to drive the growth of the market and helps in escalating revenue and new innovation strategies for the providers of 5G IoT technology. Moreover, continuous innovations in 5G and IoT use cases is also expected to help the providers of 5G industrial IoT solutions create value for their shareholders and to accelerate revenue growth.
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5G Industrial IoT Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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Key Segments
By Component
- Hardware
- Software
- Services
By Organization size
- Small & Medium Sized Enterprises (SMEs)
- Large Enterprises
By Application
- Predictive Maintenance
- Asset Tracking and Management
- Real-time Workforce Tracking and Management
- Logistics and Supply Chain Management
- Emergency and Incident Management
- Others
By End-user
- Process Industries
- Discrete Industries
By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- BENELUX
- Russia
- Rest of Europe
- East Asia
- China
- Japan
- South Korea
- South Asia & Pacific
- India
- Thailand
- Indonesia
- Malaysia
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- Turkey
- South Africa
- Rest of Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Component 6.2. Organization Size 6.3. Application 6.4. End-User 7. Global Market Analysis and Forecast, By Component 7.1. Hardware 7.2. Software 7.3. Services 8. Global Market Analysis and Forecast, By Organization Size 8.1. Small & Medium Sized Enterprises (SMEs) 8.2. Large Enterprises 9. Global Market Analysis and Forecast, By Application 9.1. Predictive Maintenance 9.2. Asset Tracking and Management 9.3. Real-time Workforce Tracking and Management 9.4. Logistics and Supply Chain Management 9.5. Emergency and Incident Management 9.6. Others 10. Global Market Analysis and Forecast, By End-User 10.1. Process Industries 10.2. Discrete Industries 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia & Pacific 11.7. MEA 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 18. MEA Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Component, Organization Size, Application, and End-User for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Qualcomm Technologies Inc. 21.2. Huawei Technologies Co. Ltd. 21.3. Cisco Systems 21.4. Ericsson 21.5. Nokia 21.6. IBM Corporation 21.7. ASOCS 21.8. Advantech Co. Ltd. 21.9. China Unicom 21.10. Siemens AG 21.11. KT Corporation 21.12. ABB
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Component
Table 03: Global Market US$ Mn Forecast by Organization Size
Table 04: Global Market US$ Mn Forecast by Application
Table 05: Global Market US$ Mn Forecast by End-User
Table 06: North America Market US$ Mn Forecast by Country
Table 07: North America Market US$ Mn Forecast by Component
Table 08: North America Market US$ Mn Forecast by Organization Size
Table 09: North America Market US$ Mn Forecast by Application
Table 10: North America Market US$ Mn Forecast by End-User
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Component
Table 13: Latin America Market US$ Mn Forecast by Organization Size
Table 14: Latin America Market US$ Mn Forecast by Application
Table 15: Latin America Market US$ Mn Forecast by End-User
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Component
Table 18: Western Europe Market US$ Mn Forecast by Organization Size
Table 19: Western Europe Market US$ Mn Forecast by Application
Table 20: Western Europe Market US$ Mn Forecast by End-User
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Component
Table 23: Eastern Europe Market US$ Mn Forecast by Organization Size
Table 24: Eastern Europe Market US$ Mn Forecast by Application
Table 25: Eastern Europe Market US$ Mn Forecast by End-User
Table 26: East Asia Market US$ Mn Forecast by Country
Table 27: East Asia Market US$ Mn Forecast by Component
Table 28: East Asia Market US$ Mn Forecast by Organization Size
Table 29: East Asia Market US$ Mn Forecast by Application
Table 30: East Asia Market US$ Mn Forecast by End-User
Table 31: South Asia & Pacific Market US$ Mn Forecast by Country
Table 32: South Asia & Pacific Market US$ Mn Forecast by Component
Table 33: South Asia & Pacific Market US$ Mn Forecast by Organization Size
Table 34: South Asia & Pacific Market US$ Mn Forecast by Application
Table 35: South Asia & Pacific Market US$ Mn Forecast by End-User
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Component
Table 38: MEA Market US$ Mn Forecast by Organization Size
Table 39: MEA Market US$ Mn Forecast by Application
Table 40: MEA Market US$ Mn Forecast by End-User
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Component
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 05: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Component
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 09: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Component
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Component
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Component
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Component
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Component
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Component
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
5G Industrial IoT Market