The 5G Industrial IoT market is booming, projected to reach $15.92B in 2025 with a 36.37% CAGR. Discover key drivers, trends, and restraints shaping this explosive growth across manufacturing, healthcare, and smart cities. Explore leading companies and regional market insights. Recent developments include: July 2024 - Three leading telecom operators from Korea - SK Telecom, KT, and LG Uplus - have teamed up with the Radio Promotion Association of Korea (RAPA). Their goal is to bolster small and medium-sized enterprises (SMEs) by disseminating vital 5G IoT-related technical specifications. This initiative seeks to empower SMEs, equipping them to develop 5G IoT products that effortlessly connect with telecommunication networks., July 2024 - Ericsson, in collaboration with e& United Arab Emirates (UAE), has successfully validated the Reduced Capability (RedCap) software solution on e&'s 5G Standalone (5G SA) network. This achievement signifies the debut of Ericsson's RedCap solution in a commercial network within the Middle East and Africa region (MEA). RedCap empowers 5G IoT devices, including wearables and industrial sensors, to function with diminished complexity and size. This advancement boosts cost efficiency and battery longevity, all while ensuring adequate data speeds., March 2024 - Nokia has entered into a strategic partnership with Sterlite Technologies (STL) to reshape networking and digital solutions for government institutions and enterprises. Their primary focus is on projects driven by government connectivity initiatives. This collaboration is poised to accelerate the Industry 4.0 revolution, empowering businesses with a competitive advantage through cutting-edge technologies. The Nokia-STL alliance is dedicated to enhancing enterprise networks, guaranteeing swift, reliable, and low-latency connections. These enhancements cater to 5G, IoT, data center interconnectivity, supply chain optimization, real-time data analytics, and generative AI applications., February 2024 - In a strategic move, US operator Verizon has joined forces with Japan's KDDI to provide connectivity in North America for an upcoming electric vehicle from Sony Honda Mobility (SHM), a joint venture between Sony and Honda. Under this collaboration, Verizon is set to provide cellular IoT and broadband connectivity for SHM's newly launched AFEELA line of electric vehicles.. Key drivers for this market are: The Ability of 5G Technology to Handle Millions of IoT Connected Devices, Advantages of 5G over LTE for Low Latency and Critical Applications. Potential restraints include: The Ability of 5G Technology to Handle Millions of IoT Connected Devices, Advantages of 5G over LTE for Low Latency and Critical Applications. Notable trends are: Automotive Industry is Expected to Witness Significant Growth Rate.

The 5G Industrial IOT Market is estimated to be valued at USD 2.3 billion in 2025 and is projected to reach USD 25.4 billion by 2035, registering a compound annual growth rate (CAGR) of 26.9% over the forecast period.

5G IoT Market was valued at USD 6.42 Billion in 2024 and is anticipated to reach USD 11.08 Billion by 2032, growing at a CAGR of 7.06% from 2026 to 2032.Global 5G IoT Market DriversUltra-low Latency & High Reliability: A primary driver for the 5G IoT market is its ultra-low latency and high reliability. Unlike previous generations of wireless technology, 5G offers near-instantaneous communication with minimal delay, which is critical for real-time and mission-critical applications. Use cases such as autonomous vehicles, where a millisecond of lag could have severe consequences, or remote surgery, where precision is non-negotiable, are only made possible by 5G's performance. In industrial automation, this reliability and low latency ensure that robots, machines, and sensors can communicate and react in perfect synchronization, leading to enhanced safety, efficiency, and productivity on the factory floor.Massive Device Connectivity & Scale: The ability to support massive device connectivity and scale is a core driver of the 5G IoT market. The Internet of Things is defined by a vast network of sensors and devices, and 5G is specifically designed to handle this density.

The 5G IoT Market is Segmented by Technology (Ultra-Reliable Low-Latency Communications (URLLC), Low-Power Wide-Area Network (LPWAN)), End-User Industry (Manufacturing, Supply Chain and Logistics, Healthcare, Retail, Smart Cities and Infrastructure, Automotive and Transportation), and Geography

Global 5G in Industrial IoT Market is segmented by Application (Manufacturing_ Logistics_ Healthcare_ Smart Cities_ Agriculture), Type (Connectivity_ Sensors_ Platforms_ Data Analytics_ Automation), and Geography (North America_ LATAM_ West Europe_Central & Eastern Europe_ Northern Europe_ Southern Europe_ East Asia_ Southeast Asia_ South Asia_ Central Asia_ Oceania_ MEA)

USA 5G Industrial IoT Market is projected to grow around USD 47.9 Billion by 2031, at a CAGR of 27.5% during the forecast period.

The size of the 5G Industrial IoT Market was valued at USD 476.90 billion in 2023 and is projected to reach USD 668.37 billion by 2032, with an expected CAGR of 4.94% during the forecast period. Key drivers for this market are: . Rising demand for connected devices in industrial environments, . Increasing need for highly reliable network connectivity; . Rise in awareness for predictive maintenance. Potential restraints include: Issues regarding piracy and concerns relating to fraud during gaming transactions.

The size of the 5G Industrial IoT market was valued at USD XXX million in 2024 and is projected to reach USD XXX million by 2033, with an expected CAGR of XX % during the forecast period.

The 5G Industrial IoT market is poised for substantial growth, projected to reach an estimated market size of $300 billion by 2025. This expansion is fueled by a robust Compound Annual Growth Rate (CAGR) of 25% anticipated between 2025 and 2033. The transformative capabilities of 5G technology, including ultra-low latency, high bandwidth, and massive device connectivity, are enabling a new era of intelligent automation and data-driven decision-making across diverse industrial sectors. Key drivers for this market surge include the increasing demand for real-time monitoring and control, enhanced predictive maintenance, and the development of sophisticated smart factories. Furthermore, the growing adoption of Industry 4.0 principles, the need for improved operational efficiency, and the quest for greater supply chain visibility are collectively propelling the market forward. The integration of 5G with existing IoT infrastructure is unlocking unprecedented levels of productivity and innovation. The market segmentation reveals a strong demand across both Small & Medium Enterprises (SMEs) and Large Enterprises, indicating a broad appeal for 5G Industrial IoT solutions. Within the product and service landscape, Services are expected to witness the most significant growth, encompassing installation, maintenance, and data analytics. However, Hardware components like 5G-enabled sensors, gateways, and edge devices, along with comprehensive Solutions that integrate hardware, software, and services, remain crucial for market development. Geographically, Asia Pacific, led by China and India, is emerging as a dominant region due to rapid industrialization and significant government investment in 5G infrastructure. North America and Europe also represent substantial markets, driven by technological advancements and a mature industrial base. Despite the promising outlook, certain restraints, such as high initial investment costs and cybersecurity concerns, need to be addressed to fully realize the market's potential.

Taiwan 5G Industrial IoT Market is projected to grow around USD 47.9 Billion by 2031, at a CAGR of 27.5% during the forecast period.

5G Industrial IoT Market report classified by demand analysis, segmentation, competitive positioning, growth drivers, and forecast.

Snapshot img

5G Internet Of Things (IoT) Market Size 2024-2028

The 5g internet of things (iot) market size is valued to increase USD 253.28 billion, at a CAGR of 140.31% from 2023 to 2028. Rising adoption of 5G will drive the 5g internet of things (iot) market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 89% growth during the forecast period.
By Type - 5G non-standalone (SA) segment was valued at USD 2.01 billion in 2021
By Component - Hardware segment accounted for the largest market revenue share in 2021

Market Size & Forecast

Market Opportunities: USD 12.00 million
Market Future Opportunities: USD 253279.30 million
CAGR : 140.31%

Market Summary

The market is experiencing significant growth and transformation, driven by the increasing adoption of 5G technology in various industries. According to recent studies, the global 5G IoT market is projected to reach a staggering 55% of the total IoT market share by 2025. This surge is primarily due to the low latency, high bandwidth, and increased connectivity offered by 5G, enabling advanced applications in sectors like industrial automation, healthcare, and transportation. However, the high cost of 5G installation remains a major challenge for market expansion.
Regulations and standards are also evolving to accommodate the unique requirements of 5G IoT, with organizations like the International Telecommunication Union (ITU) leading the way. As the market continues to unfold, opportunities in areas like edge computing, artificial intelligence, and the Internet of Everything (IoE) are emerging, offering significant potential for innovation and growth.

What will be the Size of the 5G Internet Of Things (IoT) Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the 5G Internet Of Things (IoT) Market Segmented and what are the key trends of market segmentation?

The 5g internet of things (iot) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2021-2022 for the following segments.

Type

  5G non-standalone (SA)
  5G standalone (SA)


Component

  Hardware
  Services
  Platform
  Connectivity


Geography

  North America

    US


  Europe

    Spain
    UK


  APAC

    China
    South Korea


  Rest of World (ROW)

By Type Insights

The 5g non-standalone (sa) segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth as industries increasingly adopt advanced technologies to enhance their operations. According to recent reports, the market for 5G IoT devices is projected to expand by 30% in the next year, fueled by the rollout of autonomous vehicles and the automation of power generation and distribution in the energy and utilities sector. This expansion is driven by the demand for high-speed data transmission and real-time analytics, which are essential for optimizing processes and improving efficiency. Software-defined networking and cloud infrastructure scaling are critical components of 5G IoT systems, enabling seamless communication between devices and reducing latency.

Millimeter wave spectrum and network function virtualization are also key technologies, enabling massive MIMO antennas and network slicing for increased network capacity and power consumption efficiency. Security is a top priority in the 5G IoT market, with breach detection and data encryption methods being crucial for protecting sensitive information. Packet loss rates and signal interference reduction are also important considerations, as they can impact the reliability and performance of IoT networks. Application enablement platforms and remote firmware updates are essential for managing and maintaining IoT devices, while edge computing deployment and real-time analytics enable faster decision-making and predictive maintenance.

However, network security threats remain a significant challenge, requiring ongoing efforts to ensure the security and privacy of IoT data. 5G NR deployments are ongoing, with remote device monitoring and bandwidth optimization becoming increasingly important for maximizing network performance. The market is expected to grow further, with industry experts projecting a 45% increase in 5G IoT device shipments over the next five years. These trends underscore the continuous evolution of the 5G IoT market and its applications across various sectors.

Request Free Sample

The 5G non-standalone (SA) segment was valued at USD 2.01 billion in 2021 and showed a gradual increase during the forecast period.

Request Free Sample

Regional Analysis

APAC is estimated to contribute 89% to the growth of the global market during the forecast period.Technavio's analysts have

The 5G IoT Market is estimated to be valued at USD 6.2 billion in 2025 and is projected to reach USD 85.0 billion by 2035, registering a compound annual growth rate (CAGR) of 29.9% over the forecast period.

5G NR-U for Industrial IoT Market Outlook

According to our latest research, the Global 5G NR-U for Industrial IoT market size was valued at $2.4 billion in 2024 and is projected to reach $18.7 billion by 2033, expanding at a robust CAGR of 25.9% during the forecast period of 2025–2033. This remarkable growth trajectory is primarily driven by the increasing adoption of private and unlicensed 5G networks in industrial environments, which enable high-speed, ultra-reliable, and low-latency connectivity crucial for mission-critical IoT applications. The proliferation of Industry 4.0 initiatives, coupled with the demand for advanced automation and real-time data analytics, is propelling the integration of 5G NR-U (New Radio-Unlicensed) technologies across manufacturing, energy, logistics, and other industrial sectors worldwide.

Regional Outlook

North America currently holds the largest share of the 5G NR-U for Industrial IoT market, accounting for approximately 38% of the global revenue in 2024. This dominance is attributed to the region’s mature industrial base, early adoption of advanced wireless technologies, and supportive regulatory frameworks for unlicensed spectrum usage. The United States, in particular, has witnessed significant investments from both public and private sectors to modernize manufacturing and critical infrastructure using 5G NR-U solutions. Leading technology vendors and industrial conglomerates in North America are aggressively piloting and deploying private 5G networks to enable smart factories, predictive maintenance, and autonomous operations, further cementing the region’s leadership in this domain.

Asia Pacific emerges as the fastest-growing region in the 5G NR-U for Industrial IoT market, projected to expand at a remarkable CAGR of 29.3% between 2025 and 2033. The surge in industrial digitization across China, Japan, South Korea, and India, combined with substantial government incentives for smart manufacturing, is accelerating the deployment of 5G NR-U networks. Multinational enterprises and local manufacturers in the Asia Pacific region are increasingly leveraging these networks to enable automation, robotics, and AI-driven processes. Strategic collaborations between telecom operators, equipment vendors, and industrial players are fostering a vibrant ecosystem, while ongoing spectrum liberalization efforts are expected to further boost market penetration.

In emerging economies across Latin America, the Middle East, and Africa, the adoption of 5G NR-U for Industrial IoT is gradually gaining momentum but faces unique challenges. Limited access to advanced wireless infrastructure, regulatory uncertainties, and budget constraints among small and medium enterprises (SMEs) are hindering rapid uptake. However, localized demand for smart energy management, logistics optimization, and remote asset monitoring is prompting governments and industry stakeholders to prioritize digital transformation initiatives. As policy reforms and foreign investments increase, these regions are poised to witness accelerated adoption of 5G NR-U solutions, especially in sectors like oil & gas, mining, and agriculture.

Report Scope

Cellular IoT Market size was valued at USD 4.5 Billion in 2024 and is projected to reach USD 26.75 Billion by 2032, growing at a CAGR of 29% from 2026 to 2032.Expanding 5G Network Deployment: The widespread rollout and enhancement of 5G networks are fundamentally transforming the Cellular IoT market. With its enhanced mobile broadband (eMBB) capabilities, 5G offers significantly higher speeds and lower latency, enabling real-time data transmission for demanding IoT applications like autonomous vehicles, remote surgery, and industrial automation.Increasing Demand for Remote Monitoring and Management: Businesses across various sectors are increasingly recognizing the value of remote monitoring and management solutions powered by Cellular IoT. This demand is driven by the need to improve operational efficiency, reduce costs, and enhance safety and security.

The 5G and IoT services market is experiencing explosive growth, driven by the increasing adoption of connected devices and the expanding 5G network infrastructure. The market, estimated at $500 billion in 2025, is projected to exhibit a robust Compound Annual Growth Rate (CAGR) of 25% from 2025 to 2033, reaching an estimated $2.5 trillion by 2033. This expansion is fueled by several key factors. Firstly, the rapid deployment of 5G networks globally offers significantly higher speeds, lower latency, and increased capacity compared to previous generations, enabling a wide range of innovative applications across various sectors. Secondly, the proliferation of IoT devices – from smart wearables and industrial sensors to connected vehicles and smart home appliances – creates a massive demand for reliable and high-bandwidth connectivity. Furthermore, government initiatives promoting digital transformation and smart city projects are further accelerating market growth. However, challenges remain. High initial investment costs associated with 5G infrastructure deployment and the security concerns surrounding connected devices can hinder market penetration, especially in developing economies. The fragmentation of the IoT ecosystem, with various communication protocols and standards, also poses a challenge for interoperability and seamless integration. Despite these constraints, the long-term growth trajectory of the 5G and IoT services market remains exceptionally positive. Market segmentation reveals robust growth across various application areas, including automotive (autonomous driving, connected vehicles), industrial (smart factories, predictive maintenance), medical (remote patient monitoring, telehealth), and municipal (smart city infrastructure). Key players like AT&T, Verizon, and Huawei are aggressively investing in network infrastructure and technology development to capitalize on this immense opportunity. Competitive landscape analysis reveals ongoing innovation in both hardware and software solutions, pushing the boundaries of what's possible with 5G-enabled IoT applications.

The global 4G/5G Industrial Smart IoT Gateway market is experiencing robust growth, driven by the increasing adoption of Industry 4.0 technologies and the expanding need for reliable, secure, and high-bandwidth connectivity in industrial settings. The market's expansion is fueled by several key factors, including the rising demand for real-time data acquisition and analysis in manufacturing, energy, and transportation sectors. Furthermore, the integration of advanced technologies like artificial intelligence (AI) and machine learning (ML) within these gateways enhances operational efficiency and predictive maintenance capabilities, further boosting market demand. The transition from legacy systems to more modern, connected infrastructure is also significantly contributing to market growth. We estimate the current market size (2025) to be around $8 billion, with a Compound Annual Growth Rate (CAGR) of 15% projected through 2033. This growth trajectory is supported by continuous advancements in 5G technology, providing faster speeds and lower latency compared to 4G, leading to improved performance and broader application possibilities. Major restraints include the high initial investment costs associated with implementing these gateways and the complexities involved in integrating them into existing industrial infrastructures. Despite these challenges, the long-term prospects for the 4G/5G Industrial Smart IoT Gateway market remain positive. The market is segmented by various factors, including connectivity technology (4G, 5G), deployment type (on-premise, cloud), industry vertical (manufacturing, energy, etc.), and geographical region. Key players such as Adlink Technology, Rohde & Schwarz, and Robustel are actively involved in developing innovative gateway solutions, driving competition and fostering market expansion. The continuous development of robust security protocols and the growing awareness of data privacy concerns are also playing crucial roles in shaping market dynamics. The market's geographic distribution is expected to remain diverse, with North America and Europe maintaining a significant share, while regions like Asia-Pacific are projected to exhibit high growth rates driven by increasing industrialization and infrastructure development. The strategic partnerships and mergers and acquisitions within this sector are further accelerating the pace of innovation and market consolidation.

The 5G IoT module market is experiencing robust growth, driven by the increasing adoption of 5G networks and the expanding Internet of Things (IoT) ecosystem. The market's expansion is fueled by several key factors, including the demand for high-bandwidth, low-latency connectivity in various applications such as smart manufacturing, autonomous vehicles, connected healthcare, and smart cities. These applications require the faster speeds and enhanced reliability offered by 5G, leading to a significant increase in the demand for 5G-enabled IoT modules. Furthermore, technological advancements, such as miniaturization and improved power efficiency of 5G modules, are contributing to their wider adoption across diverse sectors. Competition among key players like Sierra Wireless, Telit, and Quectel Wireless Solutions is fostering innovation and driving down costs, making 5G IoT modules more accessible to a broader range of businesses and consumers. The market is segmented by various factors such as module type, application, and region, with North America and Europe currently holding a significant market share. However, rapid 5G deployment in Asia-Pacific and other emerging regions is expected to drive substantial growth in those markets over the forecast period. The forecast period (2025-2033) promises continued expansion, with a projected Compound Annual Growth Rate (CAGR) that reflects the sustained momentum in 5G infrastructure development and IoT device proliferation. While factors like the initial high cost of 5G modules and potential security concerns pose some challenges, the long-term benefits of enhanced connectivity and data capabilities are outweighing these restraints. The ongoing development of industry standards and increased investment in 5G infrastructure are further strengthening the market's trajectory. This growth is expected to be supported by strategic partnerships between module manufacturers and network operators, which will simplify deployment and facilitate wider adoption across different industries. This market is poised for considerable expansion in the coming years, solidifying its position as a crucial component of the rapidly evolving digital landscape.

The 5G Industrial Internet of Things (IIoT) market is poised for remarkable growth as industries rapidly adapt to the transformative potential of next-generation connectivity. This market integrates cutting-edge 5G technology with IoT applications, enabling devices and machinery to communicate in real-time, facilita