According to a new report, published by KBV research, The Global Industrial 5G Market size is expected to reach $176.8 billion by 2031, rising at a market growth of 27.2% CAGR during the forecast period.
The Discrete Industries segment captured the maximum revenue in the Global Industrial 5G Market by End User in 2023, thereby, achieving a market value of $112.9 billion by 2031. Discrete industries encompass manufacturing sectors where products are assembled from distinct parts, such as automotive, electronics, and machinery. These industries benefit significantly from 5G technology because it provides high-speed connectivity, low latency, and real-time data transmission.
The Large Enterprises segment is experiencing a CAGR of 26.7 % during the forecast period. This dominance can be attributed to the substantial investments made by large corporations in advanced technologies to enhance operational efficiency, productivity, and competitiveness. Large enterprises typically have the financial resources to deploy 5G infrastructure at scale, integrating it into their operations for applications such as automation, IoT solutions, and real-time data analytics.
The Hardware segment led the maximum revenue in the Global Industrial 5G Market by Offering in 2023, thereby, achieving a market value of $88.8 billion by 2031. This dominance can be attributed to the increasing demand for advanced networking infrastructure, including routers, antennas, and other essential equipment for deploying 5G networks in industrial settings.
The URLLC segment is growing at a CAGR of 26.5 % during the forecast period. This segment is pivotal for applications requiring ultra-reliable and low-latency connections, such as autonomous vehicles, remote surgery, and industrial automation. Industries that rely on real-time data transmission and immediate responsiveness benefit greatly from URLLC's capabilities.
Full Report: https://www.kbvresearch.com/industrial-5g-market/
The Asia Pacific region dominated the Global Industrial 5G Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $77,494.5 million by 2031. The North America region is anticipated to grow at a CAGR of 26.3% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 26.6% during (2024 - 2031).
By End User
By Enterprise Size
By Offering
By Communication Type
By Geography
Unique Offerings 
