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
3
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
6
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
7
Table of Contents S. No.
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
Table of Contents S. No.
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
9
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
10
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
11
Table of Contents S. No.
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
13
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
14
Table of Contents S. No.
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.