Global Industrial 5G Market Growth (Status and Outlook) 2023-2029

Global Industrial 5G Market Growth (Status and Outlook) 2023-2029

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.).
LPI (LP Information)' newest research report, the “Industrial 5G Industry Forecast” looks at past sales and reviews total world Industrial 5G sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial 5G sales for 2023 through 2029. With Industrial 5G sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial 5G industry.
This Insight Report provides a comprehensive analysis of the global Industrial 5G landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial 5G portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial 5G market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial 5G and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial 5G.
The global Industrial 5G market size is projected to grow from US$ 19180 million in 2022 to US$ 135240 million in 2029; it is expected to grow at a CAGR of 32.2% from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial 5G market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Hardware
Software
Service
Segmentation by application
Process Industry
Discrete Industry
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.