As per MRFR analysis, the India 5G Industrial IoT Market Size was estimated at 31.95 (USD Billion) in 2023.The India 5G Industrial IoT Market Industry is expected to grow from 33.38(USD Billion) in 2024 to 66.03 (USD Billion) by 2035. The India 5G Industrial IoT Market CAGR (growth rate) is expected to be around 6.397% during the forecast period (2025 - 2035).
Key India 5G Industrial IoT Market Trends Highlighted
As sectors progressively embrace new technologies in India 5G Industrial IoT market, notable patterns have developed. The harmonic convergence between government projects and commercial sector investments meant for digital transformation is one of the main drivers of the industry.
The Indian government has been aggressively pushing the acceptance of 5G technology as it understands its ability to improve output in many different industries. Industries including manufacturing, healthcare, agriculture, and logistics—which are eager to use IoT for operations management and efficiency—have sparked more interest in these thanks. The increasing need for real-time data analytics is another crucial motivator.
Using IoT-enabled devices, industries are quickly gathering data and making choices based on it, thereby streamlining processes. Particularly with the continuous deployment of 5G networks throughout urban and rural parts of India, this industry has enormous prospects. Companies may use 5G's low latency and fast speeds to implement clever ideas.
IoT-enabled sensors may allow monitoring of soil conditions in agriculture, hence improving agricultural yields. In industry as well, 5G technologies may improve predictive maintenance and automation, hence lowering running costs and downtime.
To build integrated IoT ecosystems, big players—including telecom providers and technology companies—have been notably moving toward cooperation recently.
This tendency encourages creativity and supports the resolution of certain sector difficulties. As issues about data privacy develop among companies, cybersecurity solutions to safeguard data inside these linked systems also gain more importance. As it develops with technical breakthroughs and shifting industrial demands, the India 5G Industrial IoT market is showing dynamic growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
India 5G Industrial IoT Market Drivers
Rising Adoption of Smart Manufacturing
The push towards smart manufacturing in India is becoming a significant driver for the India 5G Industrial Internet of Things (IoT) Market Industry. The Indian government has launched initiatives such as 'Make in India' and 'Digital India', aiming to strengthen the digital and manufacturing sector.
According to a report by the Ministry of Electronics and Information Technology, the manufacturing sector is projected to grow to USD 1 trillion by 2025.The implementation of 5G technology enhances connectivity, reduces latency, and enables real-time data analytics, which are vital for smart factories.
Major corporations like Tata Motors and Siemens are adopting 5G Industrial IoT solutions to improve operational efficiency and reduce costs in production. This significant shift to smart factories highlights the growing focus on digital transformation in Indian industry, which greatly contributes to the expected growth in this sector over the coming years.
Government Initiatives and Policy Support
The Indian government has recognized the potential of 5G and Industrial IoT as critical enablers for economic growth and infrastructure advancement. The National Digital Communications Policy 2018 aims to promote 5G technology and benefits across various sectors, fostering an environment conducive to innovation and investment.
In 2020, the government started auctioning 5G spectrum, aiming to facilitate the rollout of this advanced communication technology.According to projections from the Telecom Regulatory Authority of India, it is estimated that the adoption of 5G could contribute approximately USD 20 billion to the Indian economy by 2030.
The influx of investment from established telecom companies, such as Reliance Jio and Bharti Airtel, further stimulates the development of the India 5G Industrial IoT Market Industry.
Investment in Infrastructure Development
Significant investments in telecommunications and infrastructure are poised to bolster the India 5G Industrial IoT Market Industry. The Indian government's allocation of USD 1.2 billion for the development of infrastructure supporting digital transformations and 5G technology captures the attention of investors.
The Indian Union Minister for Communications announced plans to enhance the digital infrastructure by laying down fiber optical networks across urban and rural areas.
This move aims to reduce connectivity disparities and ensure that wider regions of the country gain access to 5G services. Major telecommunications companies such as Vodafone Idea are also investing heavily in enhancing their infrastructure to support the emerging demands for Industrial IoT applications across various sectors. This concerted effort in infrastructure investment is a key driver for the expected growth in the market.
India 5G Industrial IoT Market Segment Insights
5G Industrial IoT Market Component Insights
The Component segment of the India 5G Industrial IoT Market showcases a diverse landscape that plays a crucial role in the overall development of this rapidly growing industry. This segment encompasses various elements including Hardware, Solution, and Service, each contributing to the enhanced connectivity and efficiency that 5G technology can offer.
India is witnessing a significant surge in digital transformation across various sectors, driven by the government's focus on initiatives like 'Digital India' which is aimed at promoting an inclusive approach towards connectivity and improving infrastructure.
In the Hardware sphere, devices and systems are designed to support the extensive requirements of Industrial IoT applications, such as embedded systems, sensors, and communication modules. This hardware segment is vital as it provides the necessary physical components that enable seamless connectivity and effective real-time data exchange crucial for optimized operational capabilities.
The growing need for smarter factories and automated systems in industries like manufacturing and logistics significantly propels the demand for advanced hardware that can support 5G and IoT functionalities.
On the other hand, the Solution aspect entails software platforms and applications that process and analyze the data generated by IoT devices. This component is increasingly important as industries strive for enhanced operational efficiencies through data-driven insights.
Solutions that leverage artificial intelligence and machine learning are particularly significant as they provide predictive analytics and real-time monitoring, enabling businesses to make informed decisions.
With the rising adoption of cloud computing in India, this segment witnesses a growth trajectory fueled by a need for integrated solutions that can encompass multiple functionalities and enhance user experiences.Lastly, the Service category encompasses essential offerings including consulting, installation, maintenance, and managed services that ensure the effective implementation and operation of 5G Industrial IoT systems.
This segment is significant as it bridges the gap between complex technological solutions and end-users, ensuring that companies are equipped with the expertise needed to adopt and utilize these advanced systems effectively. With the increasing complexity of IoT infrastructures, the demand for specialized services has become crucial for organizations to maximize their investment in 5G technology.
Overall, the Component segment serves as a backbone for the India 5G Industrial IoT Market, with each element playing a pivotal role in driving the adoption of this transformative technology across various industries. As industries continue to evolve in response to changing market dynamics, the integration of these components will be essential for harnessing the full potential of 5G-enabled IoT applications.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
5G Industrial IoT Market Organization Size Insights
The Organization Size segment of the India 5G Industrial IoT Market encompasses both Large Enterprises and Small and Medium Enterprises (SMEs), each playing a crucial role in the adoption and implementation of 5G technologies. Large Enterprises often lead the charge, leveraging advanced connectivity to optimize operations through automation, data analytics, and enhanced communication in real-time.
This segment is characterized by significant investments in 5G infrastructure, facilitating more efficient supply chains and improving productivity metrics.
Conversely, Small and Medium Enterprises are emerging as strong adopters of 5G, driven by the need for cost-effective solutions that enhance competitiveness and enable innovative applications like smart manufacturing and connected logistics. The distinct requirements of SMEs are central to the growth of tailored 5G services, enabling these businesses to harness the benefits of Industrial Internet of Things (IIoT) without prohibitive expenses.
As a result, the dual potential of both segments reflects the holistic growth of the India 5G Industrial IoT Market, which is increasingly shaped by the specific needs and capabilities of organizations across varying sizes, fostering a more dynamic and inclusive industrial landscape.
5G Industrial IoT Market Application Insights
The Application segment of the India 5G Industrial IoT Market is poised for significant growth, reflecting the broader trends in technology adoption across various industrial sectors.
This segment includes important areas such as Predictive Maintenance, which greatly enhances equipment efficiency and reduces downtime, thus supporting manufacturing operations. Business Process Optimization leverages real-time data to streamline operations, maximizing productivity in a fast-paced economy like India’s.
Asset Tracking and Management becomes vital as industries seek to track high-value assets throughout their supply chains, ensuring security and efficiency.Logistics and Supply Chain Management benefit from enhanced connectivity, enabling timely deliveries and improving inventory management. Real-time Workforce Tracking and Management allows organizations to optimize labor resources, promoting safety and productivity in dynamic work environments.
Automation Control and Management drive efficiency by integrating advanced robotics with 5G networks, while Emergency response applications utilize IoT for quicker incident response times.
Together, these applications constitute a critical backbone for modernizing India's industrial landscape, capitalizing on advancements in connectivity and intelligent systems.The growth of this segment is further bolstered by the Indian government’s push for digital transformation through initiatives like "Make in India," indicating a favorable environment for deploying 5G technologies across various sectors.
India 5G Industrial IoT Market Key Players and Competitive Insights
The India 5G Industrial IoT Market is experiencing rapid transformation, shaped by ongoing advancements in telecommunications and industrial applications. With the rollout of 5G technology, businesses are poised to harness the power of high-speed connectivity, enabling real-time data exchange and enhanced operational efficiency across various sectors.
The competitive landscape is characterized by a mix of established telecom giants, tech innovators, and startups, all vying to capitalize on the lucrative opportunities presented by the integration of IoT solutions powered by 5G.
The growth in smart manufacturing, autonomous vehicles, and connected infrastructures are driving demand for innovative IoT solutions, with companies investing in R&D to maintain a competitive edge and cater to evolving customer needs.
Reliance Industries, a prominent conglomerate in India, is making significant strides in the 5G Industrial IoT Market through its telecommunications arm, which is leading the rollout of 5G services. The company is committed to driving digital transformation across various sectors by providing comprehensive solutions that integrate IoT technologies with 5G networks.
Reliance's strengths lie in its vast infrastructure, extensive customer base, and deep understanding of the Indian market, enabling it to tailor its offerings effectively. Its key products and services include smart city solutions, remote monitoring systems, and industrial automation services, enhancing operational efficiencies for businesses.
Additionally, the company has engaged in strategic mergers and acquisitions to bolster its technological capabilities and expand its market presence, cementing its position as a frontrunner in India 5G Industrial IoT landscape.
Key Companies in the India 5G Industrial IoT Market Include
India 5G Industrial IoT Market Industry Developments
The India 5G Industrial Internet of Things IoT market has recently witnessed significant developments, particularly with leading companies such as Reliance Industries, and Samsung Electronics making strides in deploying 5G technologies across various sectors.
In August 2023, Tata Communications and Cisco Systems announced a strategic collaboration aimed at providing enhanced IoT solutions using 5G to optimize supply chains and improve connectivity for enterprises.
Additionally, in September 2023, Bharti Airtel expanded its partnership with Ericsson to enhance its 5G network infrastructure, which is expected to support industrial applications in smart manufacturing and health care. The market has shown a robust growth trajectory, with estimates suggesting a valuation surge driven by the rapid adoption of 5G technologies.
Companies like Wipro and Infosys are increasingly involved in developing software solutions that leverage 5G capabilities for industrial applications.
Moreover, in April 2022, Nokia secured a contract with a major Indian ports operator to deploy a private 5G network, facilitating real-time data analytics. This wave of technological advancements is catalyzing innovation and efficiency within India's manufacturing and industrial landscape.
India 5G Industrial IoT Market Segmentation Insights
5G Industrial IoT Market Component Outlook
5G Industrial IoT Market Organization Size Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 31.95(USD Billion) |
| MARKET SIZE 2024 | 33.38(USD Billion) |
| MARKET SIZE 2035 | 66.03(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.397% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Qualcomm, Reliance Industries, Samsung Electronics, Wipro, Infosys, Nokia, Siemens, Tata Communications, Intel Corporation, HCL Technologies, Cisco Systems, Bharti Airtel, Ericsson, Zebra Technologies, Vodafone Idea |
| SEGMENTS COVERED | Component, Organization Size, Application |
| KEY MARKET OPPORTUNITIES | Smart manufacturing transformation, Enhanced supply chain efficiency, Remote monitoring solutions, Predictive maintenance applications, Advanced data analytics integration |
| KEY MARKET DYNAMICS | Increased connectivity and speed, Rising investment in automation, Demand for smart manufacturing, Enhanced data analytics capabilities, Government initiatives and policies |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India 5G Industrial IoT Market is expected to be valued at 33.38 USD Billion in 2024.
By 2035, the market is projected to reach a value of 66.03 USD Billion.
The market is anticipated to grow at a CAGR of 6.397% during the period from 2025 to 2035.
The Solution segment is expected to generate 24.0 USD Billion in revenue by 2035.
The Hardware segment is expected to reach 20.0 USD Billion in revenue by 2035.
Key players include Qualcomm, Reliance Industries, Samsung Electronics, Wipro, and Infosys, among others.
The Service component is expected to generate a revenue of 11.38 USD Billion in 2024.
The entire India market is poised for significant growth as 5G technology continues to expand nationwide.
Key growth drivers include advancements in technology and increasing demand for high-speed connectivity in industries.
Challenges may include the high infrastructure costs and regulatory hurdles that could impact market growth.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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