The global market for Industrial 5G was estimated to be worth US$ 46055 million in 2024 and is forecast to a readjusted size of US$ 194526 million by 2031 with a CAGR of 23.0% during the forecast period 2025-2031.
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.).
The market drivers for Industrial 5G mainly stem from the urgent need within manufacturing and industrial sectors for smarter, more flexible, and efficient production. As industrial automation advances, traditional wired and Wi-Fi communications struggle to meet demands for mobility, real-time responsiveness, and large-scale connectivity, pushing enterprises to adopt more advanced wireless technologies. The rapid growth of Industrial IoT (IIoT) results in massive device connectivity requirements, necessitating networks with high reliability and ultra-low latency to ensure critical operations' continuity and security. Additionally, industrial companies seek to improve production efficiency, reduce operational costs, and enable predictive maintenance, all of which Industrial 5G supports through capabilities like edge computing, local data processing, and precise control.
Government policies promoting smart manufacturing, digital transformation, and new infrastructure development accelerate Industrial 5G trials and deployments. Collaboration among telecom providers, industrial equipment manufacturers, and solution vendors drives standardization and maturity of use cases. Furthermore, the relaxation of regulations around private 5G networks enables more enterprises to deploy customized Industrial 5G solutions, boosting market momentum. Overall, the development of the Industrial 5G market is driven by a combination of industrial upgrading needs, technological evolution, policy support, and innovative business models.
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 aims to provide a comprehensive presentation of the global market for Industrial 5G, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Industrial 5G by region & country, by Type, and by Application.
The Industrial 5G market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. 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.
Market Segmentation
By Company
- 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
Segment by Type
- Hardware
- Software
- Service
Segment by Application
- Process Industry
- Discrete Industry
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Industrial 5G company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Revenue of Industrial 5G in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Industrial 5G in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Industrial 5G Product Introduction
- 1.2 Global Industrial 5G Market Size Forecast (2020-2031)
- 1.3 Industrial 5G Market Trends & Drivers
- 1.3.1 Industrial 5G Industry Trends
- 1.3.2 Industrial 5G Market Drivers & Opportunity
- 1.3.3 Industrial 5G Market Challenges
- 1.3.4 Industrial 5G Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Industrial 5G Players Revenue Ranking (2024)
- 2.2 Global Industrial 5G Revenue by Company (2020-2025)
- 2.3 Key Companies Industrial 5G Manufacturing Base Distribution and Headquarters
- 2.4 Key Companies Industrial 5G Product Offered
- 2.5 Key Companies Time to Begin Mass Production of Industrial 5G
- 2.6 Industrial 5G Market Competitive Analysis
- 2.6.1 Industrial 5G Market Concentration Rate (2020-2025)
- 2.6.2 Global 5 and 10 Largest Companies by Industrial 5G Revenue in 2024
- 2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Industrial 5G as of 2024)
- 2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Hardware
- 3.1.2 Software
- 3.1.3 Service
- 3.2 Global Industrial 5G Sales Value by Type
- 3.2.1 Global Industrial 5G Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Industrial 5G Sales Value, by Type (2020-2031)
- 3.2.3 Global Industrial 5G Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Process Industry
- 4.1.2 Discrete Industry
- 4.2 Global Industrial 5G Sales Value by Application
- 4.2.1 Global Industrial 5G Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Industrial 5G Sales Value, by Application (2020-2031)
- 4.2.3 Global Industrial 5G Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
- 5.1 Global Industrial 5G Sales Value by Region
- 5.1.1 Global Industrial 5G Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Industrial 5G Sales Value by Region (2020-2025)
- 5.1.3 Global Industrial 5G Sales Value by Region (2026-2031)
- 5.1.4 Global Industrial 5G Sales Value by Region (%), (2020-2031)
- 5.2 North America
- 5.2.1 North America Industrial 5G Sales Value, 2020-2031
- 5.2.2 North America Industrial 5G Sales Value by Country (%), 2024 VS 2031
- 5.3 Europe
- 5.3.1 Europe Industrial 5G Sales Value, 2020-2031
- 5.3.2 Europe Industrial 5G Sales Value by Country (%), 2024 VS 2031
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Industrial 5G Sales Value, 2020-2031
- 5.4.2 Asia Pacific Industrial 5G Sales Value by Region (%), 2024 VS 2031
- 5.5 South America
- 5.5.1 South America Industrial 5G Sales Value, 2020-2031
- 5.5.2 South America Industrial 5G Sales Value by Country (%), 2024 VS 2031
- 5.6 Middle East & Africa
- 5.6.1 Middle East & Africa Industrial 5G Sales Value, 2020-2031
- 5.6.2 Middle East & Africa Industrial 5G Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Industrial 5G Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Industrial 5G Sales Value, 2020-2031
- 6.3 United States
- 6.3.1 United States Industrial 5G Sales Value, 2020-2031
- 6.3.2 United States Industrial 5G Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Industrial 5G Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Industrial 5G Sales Value, 2020-2031
- 6.4.2 Europe Industrial 5G Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Industrial 5G Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Industrial 5G Sales Value, 2020-2031
- 6.5.2 China Industrial 5G Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Industrial 5G Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Industrial 5G Sales Value, 2020-2031
- 6.6.2 Japan Industrial 5G Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Industrial 5G Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Industrial 5G Sales Value, 2020-2031
- 6.7.2 South Korea Industrial 5G Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Industrial 5G Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Industrial 5G Sales Value, 2020-2031
- 6.8.2 Southeast Asia Industrial 5G Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Industrial 5G Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Industrial 5G Sales Value, 2020-2031
- 6.9.2 India Industrial 5G Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Industrial 5G Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Ericsson
- 7.1.1 Ericsson Profile
- 7.1.2 Ericsson Main Business
- 7.1.3 Ericsson Industrial 5G Products, Services and Solutions
- 7.1.4 Ericsson Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.1.5 Ericsson Recent Developments
- 7.2 Huawei
- 7.2.1 Huawei Profile
- 7.2.2 Huawei Main Business
- 7.2.3 Huawei Industrial 5G Products, Services and Solutions
- 7.2.4 Huawei Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.2.5 Huawei Recent Developments
- 7.3 Nokia
- 7.3.1 Nokia Profile
- 7.3.2 Nokia Main Business
- 7.3.3 Nokia Industrial 5G Products, Services and Solutions
- 7.3.4 Nokia Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.3.5 Nokia Recent Developments
- 7.4 Samsung
- 7.4.1 Samsung Profile
- 7.4.2 Samsung Main Business
- 7.4.3 Samsung Industrial 5G Products, Services and Solutions
- 7.4.4 Samsung Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.4.5 Samsung Recent Developments
- 7.5 ZTE
- 7.5.1 ZTE Profile
- 7.5.2 ZTE Main Business
- 7.5.3 ZTE Industrial 5G Products, Services and Solutions
- 7.5.4 ZTE Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.5.5 ZTE Recent Developments
- 7.6 China Mobile
- 7.6.1 China Mobile Profile
- 7.6.2 China Mobile Main Business
- 7.6.3 China Mobile Industrial 5G Products, Services and Solutions
- 7.6.4 China Mobile Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.6.5 China Mobile Recent Developments
- 7.7 China Telecom
- 7.7.1 China Telecom Profile
- 7.7.2 China Telecom Main Business
- 7.7.3 China Telecom Industrial 5G Products, Services and Solutions
- 7.7.4 China Telecom Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.7.5 China Telecom Recent Developments
- 7.8 China Unicom
- 7.8.1 China Unicom Profile
- 7.8.2 China Unicom Main Business
- 7.8.3 China Unicom Industrial 5G Products, Services and Solutions
- 7.8.4 China Unicom Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.8.5 China Unicom Recent Developments
- 7.9 Verizon
- 7.9.1 Verizon Profile
- 7.9.2 Verizon Main Business
- 7.9.3 Verizon Industrial 5G Products, Services and Solutions
- 7.9.4 Verizon Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.9.5 Verizon Recent Developments
- 7.10 AT&T
- 7.10.1 AT&T Profile
- 7.10.2 AT&T Main Business
- 7.10.3 AT&T Industrial 5G Products, Services and Solutions
- 7.10.4 AT&T Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.10.5 AT&T Recent Developments
- 7.11 Vodafone Group
- 7.11.1 Vodafone Group Profile
- 7.11.2 Vodafone Group Main Business
- 7.11.3 Vodafone Group Industrial 5G Products, Services and Solutions
- 7.11.4 Vodafone Group Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.11.5 Vodafone Group Recent Developments
- 7.12 SK Telecom
- 7.12.1 SK Telecom Profile
- 7.12.2 SK Telecom Main Business
- 7.12.3 SK Telecom Industrial 5G Products, Services and Solutions
- 7.12.4 SK Telecom Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.12.5 SK Telecom Recent Developments
- 7.13 NTT
- 7.13.1 NTT Profile
- 7.13.2 NTT Main Business
- 7.13.3 NTT Industrial 5G Products, Services and Solutions
- 7.13.4 NTT Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.13.5 NTT Recent Developments
- 7.14 KT Corporation
- 7.14.1 KT Corporation Profile
- 7.14.2 KT Corporation Main Business
- 7.14.3 KT Corporation Industrial 5G Products, Services and Solutions
- 7.14.4 KT Corporation Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.14.5 KT Corporation Recent Developments
- 7.15 Cisco
- 7.15.1 Cisco Profile
- 7.15.2 Cisco Main Business
- 7.15.3 Cisco Industrial 5G Products, Services and Solutions
- 7.15.4 Cisco Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.15.5 Cisco Recent Developments
- 7.16 Siemens
- 7.16.1 Siemens Profile
- 7.16.2 Siemens Main Business
- 7.16.3 Siemens Industrial 5G Products, Services and Solutions
- 7.16.4 Siemens Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.16.5 Siemens Recent Developments
- 7.17 BT
- 7.17.1 BT Profile
- 7.17.2 BT Main Business
- 7.17.3 BT Industrial 5G Products, Services and Solutions
- 7.17.4 BT Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.17.5 BT Recent Developments
- 7.18 Microsoft
- 7.18.1 Microsoft Profile
- 7.18.2 Microsoft Main Business
- 7.18.3 Microsoft Industrial 5G Products, Services and Solutions
- 7.18.4 Microsoft Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.18.5 Microsoft Recent Developments
- 7.19 Fujitsu
- 7.19.1 Fujitsu Profile
- 7.19.2 Fujitsu Main Business
- 7.19.3 Fujitsu Industrial 5G Products, Services and Solutions
- 7.19.4 Fujitsu Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.19.5 Fujitsu Recent Developments
- 7.20 NEC
- 7.20.1 NEC Profile
- 7.20.2 NEC Main Business
- 7.20.3 NEC Industrial 5G Products, Services and Solutions
- 7.20.4 NEC Industrial 5G Revenue (US$ Million) & (2020-2025)
- 7.20.5 NEC Recent Developments
8 Industry Chain Analysis
- 8.1 Industrial 5G Industrial Chain
- 8.2 Industrial 5G Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Industrial 5G Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Industrial 5G Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer