Global 5G Industrial IoT Market Size, Share & Market Forecast 2026

2016 – 2026 GLOBAL 5G INDUSTRIAL IOT MARKET FORECAST & OPPORTUNITIES

www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

Scope of Report Product of Interest (POI): 5G Industrial IoT

5G Industrial IoT are the internet of things that are embedded with the sensors, software, and other technologies, for the purpose of connecting and exchanging data with other devices when the internet connections utilized is 5G. The 5G technology is a latest addition to the market that provides faster and safer internet services for the user.

Market Segmentation 5G INDUSTRIAL IOT MARKET

APPLICATION • •

Predictive Maintenance

•

Process Industries

Business Process

•

Discrete Industries

Optimization • •

END USER

COMPONENT

Asset Tracking and

•

Hardware

Management

•

Solutions

Logistics and Supply

•

Services

Chain Management •

• •

Real-Time Workforce Tracking and

•

North America

Management

•

Europe

Automation Control and

•

Middle East & Africa

Management

•

Asia Pacific

Emergency and Incident

•

South America

Management •

REGION

Business

Year Range Review Period

2016 – 2019 Base Year

2020 Estimated Year

2021 Forecast Period

2022 – 2026

Communication

2

Table of Contents S. No.

Contents

1.

Product Overview (Definition of product and major terminologies used in the report)

2.

Research Methodology (Detailed description of the methodology used to conduct the research, Raw data backup, list of all secondary sources, List of respondents for primary surveys)

3.

Voice of Customer (Product Quality, Brand Awareness, Brand Recall, Unmet Needs/Challenges)

4.

Executive Summary (This chapter covers summary of the complete study.)

5.

Global 5G Industrial IoT Market Outlook, 2016-2026F (This chapter includes a brief overview of the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative information about the market.)

5.1.

Market Size & Forecast 5.1.1.

5.2.

5.3.

6.

Page No.

By Value

Market Share & Forecast 5.2.1.

By Component (Hardware, Solutions and Services)

5.2.2.

By End User (Process Industries and Discrete Industries)

5.2.3.

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)

5.2.4.

By Company (2020)

5.2.5.

By Region (Asia-Pacific, Europe, North America, South America and Middle East & Africa)

Product Market Map

Asia-Pacific 5G Industrial IoT Market Outlook, 2016-2026F

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Table of Contents S. No.

Contents

6.1.

Market Size & Forecast 6.1.1.

6.2.

6.3.

Page No.

By Value

Market Share & Forecast

6.2.1.

By Component

6.2.2.

By End User

6.2.3.

By Application

6.2.4.

By Country (China, India, Japan, South Korea, Australia)

Asia-Pacific: Country Analysis 6.3.1.

China 5G Industrial IoT Market Outlook, 2016-2026F 6.3.1.1.

Market Size & Forecast 6.3.1.1.1.

6.3.1.2.

6.3.2.

By Value

Market Share & Forecast 6.3.1.2.1.

By Component

6.3.1.2.2.

By End User

6.3.1.2.3.

By Application

India 5G Industrial IoT Market Outlook, 2016-2026F

4

Table of Contents S. No.

Contents

7.3.2.1.

Market Size & Forecast 7.3.2.1.1.

7.3.2.2.

7.3.3.

By Value

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

Japan 5G Industrial IoT Market Outlook, 2016-2026F 7.3.3.1.

Market Size & Forecast 7.3.3.1.1.

7.3.3.2.

7.3.4.

Page No.

By Value

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

South Korea 5G Industrial IoT Market Outlook, 2016-2026F 7.3.4.1.

Market Size & Forecast

5

Table of Contents S. No.

Contents

7.3.4.1.1.

7.3.4.2.

7.3.5.

By Value

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

Australia 5G Industrial IoT Market Outlook, 2016-2026F 7.3.5.1.

Market Size & Forecast 7.3.5.1.1.

7.3.5.2.

8.

Page No.

By Value

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

Europe 5G Industrial IoT Market Outlook, 2016-2026F 8.1.

Market Size & Forecast

8.1.1.

By Value

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Table of Contents S. No.

Contents

8.2.

8.3.

Page No.

Market Share & Forecast 8.2.1.

By Component

8.2.2.

By End User

8.2.3.

By Application

8.2.4.

By Country (France, Germany, United Kingdom, Italy, Spain)

Europe: Country Analysis 8.3.1.

France 5G Industrial IoT Market Outlook, 2016-2026F 8.3.1.1.

Market Size & Forecast 8.3.1.1.1.

8.3.1.2.

8.3.2.

By Value

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

Germany 5G Industrial IoT Market Outlook, 2016-2026F 8.3.2.1.

Market Size & Forecast 8.3.2.1.1.

By Value

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Contents

8.3.2.2.

8.3.3.

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

United Kingdom 5G Industrial IoT Market Outlook, 2016-2026F 8.3.3.1.

Market Size & Forecast 8.3.3.1.1.

8.3.3.2.

8.3.4.

Page No.

By Value

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

Italy 5G Industrial IoT Market Outlook, 2016-2026F 8.3.4.1.

Market Size & Forecast 8.3.4.1.1.

8.3.4.2.

By Value

Market Share & Forecast 8.3.4.2.1.

By Component

8

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Contents

8.3.5.

8.3.4.2.2.

By End User

8.3.4.2.3.

By Application

Spain 5G Industrial IoT Market Outlook, 2016-2026F 8.3.5.1.

Market Size & Forecast 8.3.5.1.1

8.3.5.2.

9.

Page No.

By Value

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

North America 5G Industrial IoT Market Outlook, 2016-2026F 9.1.

Market Size & Forecast 9.1.1.

9.2.

By Value

Market Share & Forecast 9.2.1.

By Component

9.2.2.

By End User

9.2.3.

By Application

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Table of Contents S. No.

Contents

9.2.4.

9.3.

Page No.

By Country (United States, Canada, Mexico)

North America: Country Analysis 9.3.1.

United States 5G Industrial IoT Market Outlook, 2016-2026F 9.3.1.1.

Market Size & Forecast 9.3.1.1.1.

9.3.1.2.

9.3.2.

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

Canada 5G Industrial IoT Market Outlook, 2016-2026F 9.3.2.1.

Market Size & Forecast 9.3.2.1.1.

9.3.2.2.

9.3.3.

By Value

By Value

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

Mexico 5G Industrial IoT Market Outlook, 2016-2026F

9.3.3.1.

Market Size & Forecast 9.3.3.1.1.

9.3.3.2.

By Value

Market Share & Forecast

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Table of Contents S. No.

10.

Contents

9.3.3.2.1.

By Component

9.3.3.2.2.

By End User

9.3.3.2.3.

By Application

Page No.

South America 5G Industrial IoT Market Outlook, 2016-2026F 10.1.

Market Size & Forecast 10.1.1.

10.2.

10.3.

By Value

Market Share & Forecast 10.2.1.

By Component

10.2.2.

By End User

10.2.3.

By Application

10.2.4.

By Country (Brazil, Argentina, Colombia)

South America: Country Analysis 10.3.1.

Brazil 5G Industrial IoT Market Outlook, 2016-2026F 10.3.1.1.

Market Size & Forecast 10.3.1.1.1

10.3.1.2.

By Value

Market Share & Forecast 10.3.1.2.1.

By Component

10.3.1.2.2.

By End User

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Contents

10.3.1.2.3.

10.3.2.

Market Size & Forecast 10.3.2.1.1

10.3.2.2.

By Value

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

Colombia 5G Industrial IoT Market Outlook, 2016-2026F

10.3.3.1.

Market Size & Forecast 10.3.3.1.1

10.3.3.2.

11.

By Application

Argentina 5G Industrial IoT Market Outlook, 2016-2026F 10.3.2.1.

10.3.3.

Page No.

By Value

Market Share & Forecast 10.3.3.2.1.

By Component

10.3.2.2.2.

By End User

10.3.2.2.3.

By Application

Middle East & Africa 5G Industrial IoT Market Outlook, 2016-2026F 11.1.

Market Size & Forecast 11.1.1.

11.2.

By Value

Market Share & Forecast

12

Table of Contents S. No.

Contents

11.3.

11.2.1.

By Component

11.2.2.

By End User

11.2.3.

By Application

11.2.4.

By Country (Saudi Arabia, South Africa, UAE, Kuwait)

Page No.

Middle East & Africa : Country Analysis 11.3.2.1 Saudi Arabia 5G Industrial IoT Market Outlook, 2016-2026F 11.3.1.1.

Market Size & Forecast 11.3.1.1.1.

11.3.1.2.

11.3.2.

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

UAE 5G Industrial IoT Market Outlook, 2016-2026F 11.3.2.1.

Market Size & Forecast 11.3.2.1.1.

11.3.2.2.

11.3.3.

By Value

By Value

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

South Africa 5G Industrial IoT Market Outlook, 2016-2026F 11.3.3.1.

Market Size & Forecast

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Table of Contents S. No.

Contents

11.3.3.1.1.

11.3.3.2.

11.3.3.

Page No.

By Value)

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

Kuwait 5G Industrial IoT Market Outlook, 2016-2026F 11.3.3.1.

Market Size & Forecast 11.3.3.1.1.

11.3.3.2.

By Value

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

12.

Impact of COVID-19 on Global 5G Industrial IoT Market

13.

Market Dynamics 13.1.

Drivers

13.2.

Challenges

14.

Market Trends & Developments

15.

Competitive Landscape 15.1.

Competition Outlook

15.2.

Company Profiles (Top 10 Market Players) 15.2.1. Company Details

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Contents

Page No.

15.2.2. Products & Services 15.2.3. Financials (As Reported) 15.2.4. Key Market Focus & Geographical Presence 15.2.5. Recent Developments 15.2.6. Key Management Personnel 16.

Strategic Recommendations

17.

About Us & Disclaimer

15

RESEARCH METHODOLOGY

Research Methodology

Market Profiling

In-depth secondary research was conducted to determine top players in the global 5G industrial IoT market, overall market size and segmental market size.

Formulating Questionnaire

In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.

Developing List of Respondents

Data Collection

Data Validation

Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

TechSci conducted interviews with industry experts and industry players for data collection and verification.

List of industry players and industry specialists was developed.

Primary Research

Data Collection

Data Filter & Analysis

Research & Intelligence

Actionable Insights

Business Solution

LinkedIn TechSci Internal Database

✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Conclusion

✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews

Primary Research ✓ ✓

Desk Research

Secondary Research ✓ ✓ ✓ ✓ ✓ ✓ ✓

Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc.

Data Analysis

The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global 5G industrial IoT market.

Company Analysis ✓ Market Participants ✓ Key Strengths

Paid Sources

✓ ✓

Factiva Hoovers

17

Research Methodology Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global 5G industrial IoT market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as 5G introduction in the

industrial IoT sector, among others. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global 5G industrial IoT market.

Methodology Followed for Calculation of Market Size:

•

Market Size by Value & Volume : Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as 5G industrial IoT system manufacturers, channel partners, market influencers & end users, industry experts, and other industry participants.

•

The team interviewed more than 15 – 20 5G industrial IoT system manufacturers, 100 – 120 end users, and 15 – 20 industry experts and other value chain stakeholders in the global 5G industrial IoT market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020.

18

Research Methodology •

Respondents were asked about the current and future market growth rates, market shares by component, by end user, by application, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various type were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares: •

Market shares by component, by end user, by application, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various types of 5G industrial IoT. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting: •

TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.

•

Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global 5G industrial IoT market, TechSci Research used various forecast techniques such as: ✓

Moving Average

✓

Time Series Analysis

✓

Regression Analysis

✓

Econometric and Judgmental Analysis

19

Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.

Partial List of Companies Interviewed

Key Secondary Sources

▪ China Mobile Limited

▪ World Bank

▪ China United Network Communications Group Co., Ltd

▪ International Monetary Fund (IMF)

▪ Vodafone Group plc

▪ TechSci Research Proprietary Database & Knowledge

▪ Advantech Co., Ltd.

Repository

▪ ASOCS Ltd

▪ Company Annual Reports

▪ Intel Corporation.

▪ Industry Magazines

▪ Robert Bosch GmbH

▪ Industry Reports

▪ Deutsche Telekom AG.

▪ News Dailies

▪ Thales Group

▪ Credible Paid Databases

▪ NTT DATA Corporation

20

Industry Brief According to TechSci Research report, “Global 5G Industrial IoT Market By Component (Hardware, Solutions, and Services), By End User (Process Industries and Discrete Industries), 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), By Region, Competition Forecast & Opportunities, 2026”, the Global 5G industrial IoT Market is expected to grow at a promising rate during the forecast period. The provisions of advanced, improvised wireless services, high speed internet, and reduced latency from 5G is going to drive the global 5G industrial IoT market towards its expected growth. With IoT devices like wireless sensors, computers, actuators, software, all employed in the industries, IoT has a web of performance platforms, that assures the market growth in the forecast period.

Due to the onset of COVID-19 and imposition of complete lockdown to mitigate the coronavirus, there has been shutdown of many manufacturing units and disruption in the supply chain resulting in interrupted production and lesser supply of the IOT devices all around the globe. Also, the economy has been adversely affected in many countries resulting in the hinderance to the growth of the 5G industrial IoT market. However, after relief from lockdown, market is again going to pick up pace to grow significantly.

The global 5G industrial IoT market is segmented by component, end user, application, and regional distribution. Based on application the market is further fragmented into 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. Demand for manufacturing and adoption of this advanced technology is increasing exponentially, and the service provides a reliable network and secure connections for the industries to assimilate and analyze the data, thus driving the growth of 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, among others. 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.

Two of the competitors in the market, Telefonica S.A. and Idrica, both working on a solution for water cycle management, collaborated and offered a 5G IoT solution to monitor real time information on several infrastructure and processes at one platform with the IoT technologies like LTE-M, NB-IoT, and 5G Massive IoT. “New investors in the market are advised to work on ensuring the right IoT connectivity protocol with the requirements. The wireless network is the future and must be employed for further growth in the market to draw maximum benefits. The wireless network is Industrial IoT ready, supports the trendsetting applications and is highly reliable with provisions of private local wireless network.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

21

Sample Data - Snapshot Global 5G Industrial IoT Market Size, By Value (USD Million), 2016–2026F 7.00

8.00

5.00

6.00

2016

CAGR BY VALUE: XX%

9.00

10.00

2020

2021E

11.00

12.00

15.00

14.00

13.00

2026F

CAGR BY VALUE: XX%

By Value (USD Million) Europe 5G Industrial IoT Market Share, By Component, By Value, 2016–2026F Hardware

Solution

40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40%

2026F 2025F 2024F 2023F 2022F 2021E 2020 2019 2018 2017 2016

Services

30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%

30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%

Germany 5G Industrial IoT Market Share, By Application, By Value, 2016–2026F Predictive Maintenance Asset Tracking and Management Real-Time Workforce Tracking and Management 2026F

2025F 2024F 2023F 2022F 2021E 2020 2019 2018 2017 2016

20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%

20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%

Business Process Optimization Logistics and Supply Chain Management Automation Control and Management

10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%

10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%

10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%

10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%

10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%

10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%

22

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in

number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.