Report Feature
The future of the 5G IoT market looks promising with opportunities in the manufacturing, energy and utility, government, healthcare, transportation and logistics, and mining industries. The global 5G IoT market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected grow with a CAGR of 52% to 57% from 2020 to 2025. The major drivers for this market are growing number of connected IoT devices, rising data traffic, and increasing demand for low latency connectivity.
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The study includes trends and forecasts for the global 5G IoT market by radio technology, range, end use industry, and region as follows:
By Radio Technology [$M shipment analysis for 2014 – 2025]:
- 5G NR Standalone Architecture
- 5G NR Non-Standalone Architecture
By Range [$M shipment analysis for 2014 – 2025]:
- Short Range IoT Devices
- Wide Range IoT Devices
By End Use Industry [$M shipment analysis for 2014 – 2025]:
- Manufacturing
- Energy and Utilities
- Government
- Healthcare
- Transportation and Logistics
- Mining
- Others
By Region [$M shipment analysis for 2014 – 2025]:
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North America
- United States
- Canada
- Mexico
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Europe
- Germany
- United Kingdom
- France
- Italy
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Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
Some of the 5G IoT companies profiled in this report include Ericsson, Nokia, Huawei, AT&T, Verizon, Sprint, Telefónica, BT Group, Vodafone, Telstra, Etisalat, Telus, Bell Canada, Singtel, and Rogers
Short range IoT devices will remain the largest range segment due to growing demand from various end use industries, such as manufacturing, healthcare, energy and utilities, and retail.
North America will remain the largest region during the forecast period due to growing number of connected IoT devices.
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Features of 5G IoT Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the global 5G IoT market radio technology (5G NR standalone architecture and 5G NR non-standalone architecture), range (short range IoT devices and wide range IoT devices), end use industry (manufacturing, energy and utilities, government, healthcare, transportation and logistics, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which regions will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the 5G IoT market? Q.5 What are the business risks and threats to the 5G IoT market? Q.6 What are emerging trends in this 5G IoT market and the reasons behind them? Q.7 What are some changing demands of customers in the 5G IoT market? Q.8 What are the new developments in the 5G IoT market? Which companies are leading these developments? Q.9 Who are the major players in the 5G IoT market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in the 5G IoT market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the 5G IoT market? |
Table of Contents
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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