Report overview
Industrial 5G is 5G communication that meets the demands of industrial applications. It is based on Release 16 (or later) of the wireless standard that supports the URLLC scenario.It's designed for industrial environments that differ from consumer-based applications. Industrial 5G runs in a local private network and supports industrial protocols (OPC UA, PROFINET, Safety, etc.).
This report aims to provide a comprehensive presentation of the global market for Industrial 5G, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial 5G. This report contains market size and forecasts of Industrial 5G in global, including the following market information:
Global Industrial 5G Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Industrial 5G market was valued at US$ 20180 million in 2022 and is projected to reach US$ 124490 million by 2029, at a CAGR of 29.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key industrial 5G players include Ericsson, Huawei, Nokia etc. The top 3 companies hold a share about 26%. Asia-Pacific is the largest market, with a share about 54%, followed by Europe and North America with the share about 23% and 17%. In terms of product, hardware is the largest segment, with a share over 57%. And in terms of application, the largest application is process industrial, followed by discrete industrial.
We surveyed the Industrial 5G companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Industrial 5G Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Industrial 5G Market Segment Percentages, by Type, 2022 (%)
Hardware
Software
Service
Global Industrial 5G Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Industrial 5G Market Segment Percentages, by Application, 2022 (%)
Process Industry
Discrete Industry
Global Industrial 5G Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Industrial 5G Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Industrial 5G revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Industrial 5G revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Ericsson
Huawei
Nokia
Samsung
ZTE
China Mobile
China Telecom
China Unicom
Verizon
AT&T
Vodafone Group
SK Telecom
NTT
KT Corporation
Cisco
Siemens
BT
Microsoft
Fujitsu
NEC
Outline of Major Chapters:
Chapter 1: Introduces the definition of Industrial 5G, market overview.
Chapter 2: Global Industrial 5G market size in revenue.
Chapter 3: Detailed analysis of Industrial 5G company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Industrial 5G in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
