Industrial 5G Market Size is USD 56.7 Billion in 2025

The global industrial 5G market was valued at USD 46.06 billion in 2024 and is projected to reach USD 368.06 billion by 2034, growing at a CAGR of 23.1% from 2025 to 2034. Market growth is driven by the increasing adoption of smart factories, IoT connectivity, and real-time industrial automation solutions.

Industrial 5G Market Highlights

• North America dominated the global market in 2024. 
• Asia Pacific is anticipated to grow at the fastest rate in the market during the forecast period. 
• By type, the hardware segment held a dominant presence in the market in 2024. 
• By type, the service segment is expected to grow at the fastest rate in the market during the forecast period of 2025 to 2034. 
• By application, the discrete industry segment accounted for a considerable share of the market in 2024. 
• By application, the process industry segment is projected to experience the highest growth rate in the market between 2025 and 2034.

Industrial 5G Market Statical Scope

The industrial 5G market is expanding quickly as new age manufacturers, logistics and energy companies adopt super reliable, real-time connectivity to drive automation, robotics, and real-time data exchange. Factors that are leading to the market’s growth include the rising demand even in smart and medium sized factories, the growth of Internet of Things devices, and the need for seamless communication in mission-critical operations. However, high infrastructure costs, spectrum allocation challenges, and interoperability issues with legacy systems act as key restraints that slow the widespread rollout. Despite this, opportunities are significant as private 5G networks open new possibilities for enterprises, government-backed initiatives push digital industrialization, and the integration of artificial intelligence, creation of digital twins with 5G enhances predictive maintenance, supply chain visibility, and autonomous operations.

Industrial 5G Market Companies

• 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

Industrial 5G Market Segmentation

By Type

• Hardware
• Software
• Service

By Application

• Process Industry
• Discrete Industry

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa