5G Industrial IoT Market 2027 By Size, Share, Trends, Growth, Forecast

Report Description

Global 5G industrial IoT market is projected to grow at an impressive CAGR in the forecast period, 2023-2027. 5G introduction in the industrial IoT sector will be rapidly adopted by various industries to help improve the connectivity and high latency. With the help of 5G, industries would be able to integrate more complex devices, machinery, and systems with networked sensors and software. Termed as industrial revolution 4.0, 5G introduction in the industrial IoT is expected to be the major growth factor for the market.

The ability to connect things with the internet for better user experience is the target for Industrial IoT market. Vehicles, trains, the whole industry connected with internet for sharing data, and decision making after analyzing that data is expected to drive the market towards more advanced approach. 5G IoT is actively employed and is being promoted for its efficiency, better quality manufacturing implementations, and one platform access to the industrial information around various sectors.

The global 5G industrial IoT market is segmented by component, end user, application, and regional distribution. Based on component, the market is sub-segmented into hardware, solutions and services. Hardware component further includes 5G modules, gateways, sensors, and chips. The hardware segment is projected to dominate the market, owing to the increasing number of startups and smaller firms. Large corporations are still inclined towards their legacy systems and find incorporating new hardware systems challenging. Whereas small firms and startups can easily adopt to the latest innovations and technologies, thus driving the market towards a steady growth.

Based on end user, the market is categorized by process industries and discrete industries. Discrete industries are involved with the manufacturing of distinct products and by products, such as toys, furniture, airplanes, etc. IoT enabled products are majorly manufactured by discrete industries marking the reason for their market domination. 5G has increased bandwidth and thus allows many IoT devices to connect and thereby increase the productivity of discrete industries. All this supports the growth of discrete industries and their dominance over the market.

Some of the major players in the market are China Mobile Limited, China United Network Communications Group Co., Ltd, Vodafone Group plc, Advantech Co., Ltd., ASOCS Ltd, Intel Corporation, Bosch.IO GmbH., Deutsche Telekom AG., Thales Group, NTT DATA Corporation. The competitors are continuously involved in research and development and various mergers and acquisitions for the advancement of their services as well as the growth of the market.

Objective of the Study:

To analyze historical growth in market size of Global 5G industrial IoT market from 2017 to 2021.
To estimate and forecast the market size of Global 5G industrial IoT market from 2022 to 2027 and growth rate until 2027.
To classify and forecast Global 5G industrial IoT market based on component, application, end user, and regional distribution.
To identify dominant region or segment in the Global 5G industrial IoT market.
To identify drivers and challenges for Global 5G industrial IoT market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global 5G industrial IoT market.
To identify and analyze the profiles of leading players operating in Global 5G industrial IoT market.
To identify key sustainable strategies adopted by market players in Global 5G industrial IoT market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Global 5G industrial IoT market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

5G industrial IoT manufacturers, end users, service providers and other stakeholders
Distributers and suppliers of 5G industrial IoT products and services and other stakeholders
Organizations, forums, and alliances related to 5G industrial IoT
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute	Details
Base Year	2021
Historical Years	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million and CAGR for 2017-2021 and 2022-2027
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	Component End User Application
Regional Scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country Scope	United States; Canada; Mexico; China; India; Japan; Australia; Singapore; Malaysia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Qatar
Key Companies Profiled	China Mobile Limited, China United Network Communications Group Co., Ltd, Vodafone Group plc, Advantech Co., Ltd., ASOCS Ltd, Intel Corporation, Bosch.IO GmbH., Deutsche Telekom AG., Thales Group, NTT DATA Corporation
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global 5G industrial IoT market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global 5G Industrial IoT Market, By Component:

Hardware
Solutions
Services

Global 5G Industrial IoT Market, By End User:

Process Industries
Discrete Industries

Global 5G Industrial IoT Market, By Applications:

Predictive Maintenance
Business Process Optimization
Asset Tracking and Management
Logistics and Supply Chain Management
Real-Time Workforce Tracking and Management
Automation Control and Management
Emergency and Incident Management
Business Communication

Global 5G Industrial IoT Market, By Region:

Asia Pacific

China
India
Japan
South Korea
Australia
Singapore
Malaysia

Europe & CIS

France
Germany
United Kingdom
Italy
Spain

North America

United States
Mexico
Canada

South America

Brazil
Argentina
Colombia

Middle East and Africa

South Africa
Saudi Arabia
UAE
Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global 5G industrial IoT market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global 5G Industrial IoT Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global 5G Industrial IOT Market

4. Executive Summary

5. Voice of Customer

6. Global 5G Industrial IOT Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Component (Hardware, Solutions and Services)

6.2.2. By End User (Process Industries and Discrete Industries)

6.2.3. By Application (Predictive Maintenance, Business Process Optimization, Asset Tracking and Management, Logistics and Supply Chain Management, Real-Time Workforce Tracking and Management, Automation Control and Management, Emergency and Incident Management, and Business Communication)

6.2.4. By Company (2021)

6.2.5. By Region

6.3. Product Market Map

7. Asia-Pacific 5G Industrial IOT Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Component

7.2.2. By End User

7.2.3. By Application

7.2.4. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China 5G Industrial IOT Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Component

7.3.1.2.2. By End User

7.3.1.2.3. By Application

7.3.2. India 5G Industrial IOT Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Component

7.3.2.2.2. By End User

7.3.2.2.3. By Application

7.3.3. Australia 5G Industrial IOT Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Component

7.3.3.2.2. By End User

7.3.3.2.3. By Application

7.3.4. Japan 5G Industrial IOT Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Component

7.3.4.2.2. By End User

7.3.4.2.3. By Application

7.3.5. South Korea 5G Industrial IOT Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Component

7.3.5.2.2. By End User

7.3.5.2.3. By Application

8. Europe 5G Industrial IOT Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Component

8.2.2. By End User

8.2.3. By Application

8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. France 5G Industrial IOT Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Component

8.3.1.2.2. By End User

8.3.1.2.3. By Application

8.3.2. Germany 5G Industrial IOT Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Component

8.3.2.2.2. By End User

8.3.2.2.3. By Application

8.3.3. United Kingdom 5G Industrial IOT Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Component

8.3.3.2.2. By End User

8.3.3.2.3. By Application

8.3.4. Italy 5G Industrial IOT Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Component

8.3.4.2.2. By End User

8.3.4.2.3. By Application

8.3.5. Spain 5G Industrial IOT Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Component

8.3.5.2.2. By End User

8.3.5.2.3. By Application

9. North America 5G Industrial IOT Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Component

9.2.2. By End User

9.2.3. By Application

9.2.4. By Country

9.3. North America: Country Analysis

9.3.1. United States 5G Industrial IOT Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Component

9.3.1.2.2. By End User

9.3.1.2.3. By Application

9.3.2. Mexico 5G Industrial IOT Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Component

9.3.2.2.2. By End User

9.3.2.2.3. By Application

9.3.3. Canada 5G Industrial IOT Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Component

9.3.3.2.2. By End User

9.3.3.2.3. By Application

10. South America 5G Industrial IOT Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Component

10.2.2. By End User

10.2.3. By Application

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil 5G Industrial IOT Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Component

10.3.1.2.2. By End User

10.3.1.2.3. By Application

10.3.2. Argentina 5G Industrial IOT Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Component

10.3.2.2.2. By End User

10.3.2.2.3. By Application

10.3.3. Colombia 5G Industrial IOT Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Component

10.3.3.2.2. By End User

10.3.3.2.3. By Application

11. Middle East and Africa 5G Industrial IOT Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Component

11.2.2. By End User

11.2.3. By Application

11.2.4. By Country

11.3. MEA: Country Analysis

11.3.1. South Africa 5G Industrial IOT Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Component

11.3.1.2.2. By End User

11.3.1.2.3. By Application

11.3.2. Saudi Arabia 5G Industrial IOT Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Component

11.3.2.2.2. By End User

11.3.2.2.3. By Application

11.3.3. UAE 5G Industrial IOT Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Component

11.3.3.2.2. By End User

11.3.3.2.3. By Application

11.3.4. Kuwait 5G Industrial IOT Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Component

11.3.4.2.2. By End User

11.3.4.2.3. By Application

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. China Mobile Limited

14.2. China United Network Communications Group Co., Ltd

14.3. Vodafone Group plc

14.4. Advantech Co., Ltd.

14.5. ASOCS Ltd

14.6. Intel Corporation.

14.7. Bosch.IO GmbH.

14.8. Deutsche Telekom AG.

14.9. Thales Group

14.10. NTT DATA Corporation

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

What major factors drive Global 5G Industrial IoT Market growth?

Factors like ability to connect things with the internet for better user experience and demand to improve the connectivity and high latency are driving the growth of the global 5G industrial IoT market in the forecast years, 2023-2027.

Which companies may dominate the Global 5G Industrial IoT Market?

China Mobile Limited, China United Network Communications Group Co., Ltd, Vodafone Group plc, Advantech Co., Ltd., ASOCS Ltd, among others are leading the global 5G industrial IoT market in the forecast period, 2023-2027.

What is the study period for the Global 5G Industrial IoT Market analysis?

The global 5G industrial IoT market analysis was analyzed for the five historical years from 2017 to 2020. Keeping the base year 2020 as the margin, the estimation for the year 2022 was made and further market growth is predicted for the forecast years, 2023 to 2027.

What strategic recommendations may the new market players follow in future?

New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.