The Industrial 5G Market is Predict to reach USD 176.8 Billion by 2031, at a CAGR of 27.2%

Industrial 5G Market Growth, Trends and Report Highlights

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).

List of Key Companies Profiled

• AT&T Inc.
• Ericsson AB
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• NEC Corporation
• Nokia Corporation
• Qualcomm Incorporated (Qualcomm Technologies, Inc.)
• Samsung Electronics Co., Ltd. (Samsung Group)
• ZTE Corporation
• Siemens AG
• Robert Bosch GmbH

Industrial 5G Market Report Segmentation

By End User

• Discrete Industries
  • Automotive & Transportation
  • Industrial Machinery & Heavy Equipment
  • High-Tech & Consumer Electronics
    • Consumer Electronic Devices
      • Laptops, Mobile Devices & PCs
      • Wearables
      • Televisions
      • Other Consumer Electronic Devices Types
    • Semiconductor & IT Equipment
  • Aerospace & Defense
  • Other Discrete Industries Type
• Process Industries

By Enterprise Size

• Large Enterprises
• SMEs

By Offering

• Hardware
• Software
• Services

By Communication Type

• URLLC
• eMBB
• MMTC
• FWA

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

LAMEA Industrial 5G Market Size, Forecast Report | 2031

• October-2024
• 198 Pages

North America Industrial 5G Market Size | Share to 2031

• October-2024
• 174 Pages

Europe Industrial 5G Market Size & Industry Trend | 2031

• October-2024
• 197 Pages

Asia Pacific Industrial 5G Market Size & Analysis | 2031

• October-2024
• 202 Pages