#5G IoT Market Size

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5G IoT Market - Forecast(2024 - 2030)

5G IoT Market Overview

The 5G IoT Market size is forecast to reach $40.5 billion by 2026, growing at a CAGR 61% from 2022 to 2026. Increased proliferation of technologies like predictive maintenance, data analytics, digital twins and others in manufacturing sector has been eventually driving the need for 5G IoT. Rising demand for connected cars equipped with advanced in-vehicle infotainment and telematics system along with increasing penetration of advanced communication infrastructure in healthcare sector to optimize surgical robots, asset tracking, telemedicine, remote health monitoring are some of the prime factors driving the global 5G IoT Market. Furthermore, with growing adoption of precision farming, agricultural drones and greenhouse automation, global 5G IoT has gained a huge traction. Rise in adoption of IoT and artificial intelligence (AI) to develop fully connected smart cities offering high speed data transmission and data analytics as a part of improving real-time monitoring is analyzed to drive the market in future years.

5G IoT Market Report Coverage

The report: “5G IoT Industry Outlook – Forecast (2022-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the 5G IoT Industry.

By Solution: Hardware, Cellular Connectivity, Software, Services

By Organization Size: SME, Large Enterprises

By Radio Technology: 5G New Radio Standalone Architecture, 5G New Radio Non-Standalone Architecture

By Range: Short Range 5G IoT devices, Wide Range 5G IoT devices

By Application: Predictive Maintenance, Business Optimization, Asset Tracking and Management, Logistics & Supply Chain Management, Automation Control and Management, Others

By End Users: Manufacturing (Medical & Pharmaceutical, Chemical, Food & Beverage, FMCG, Metal, Machinery & Equipment, Semiconductor & Electronics, Others), Transportation & Logistics, Consumer, Oil & Gas, Automotive, Ports, Energy, Smart City, Smart Building, Retail, Agriculture, Healthcare, Education, Smart Events & Stadia, Mining, Utilities, Others

By Geography: North America (US, Canada, Mexico), Europe (Germany, U.K, France, Spain, Italy, Others), APAC (China, Japan, Malaysia, Thailand, South Korea, Philippines, Hong Kong, Others), South America (Brazil, Argentina and others), RoW (Middle East and Africa)

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Key Takeaways

5G New Radio Standalone architecture is analyzed to witness highest growth in the 5G IoT Market during 2022-2026 owing to increased performance, super-fast response times and faster access to higher data rates.

APAC 5G IoT Market held the largest share in 2021, attributing to factors like rising demand for more reliable connectivity and more bandwidth between devices among manufacturers as a part of optimizing smart industrial operations including process automation, remote monitoring, collaborative robots, predictive analytics, augmented reality, additive manufacturing.

Increased proliferation of technologies like predictive maintenance, data analytics, digital twins and others in manufacturing sector along with rise in demand for connected cars equipped with advanced in-vehicle infotainment and telematics system are analyzed to significantly drive the global 5G IoT Market during the forecast period 2022-2026.

5G IoT Market Segment Analysis- By Radio Technology

By radio technology, 5G IoT Market has been segmented into 5G New Radio Standalone Architecture, 5G New Radio Non-Standalone Architecture. 5G New Radio Standalone Architecture is analyzed to grow with the highest CAGR of 72% during the forecast period 2022-2026. As compared to 5G non-standalone architecture, standalone architecture acts as a more efficient solution, which includes increased performance, better flexibility, and reduced complexity, attributing to its market growth. Rising adoption of connected cars, immersive media, automated guided vehicles or cobots control need super-fast response times and faster access to higher data rates, which is enabled by SA architecture, and thus such beneficiary capabilities of 5G standalone technology are boosting its market growth. In May 2021, Swisscom announced its plans to strengthen its long-term strategic partnership commitment to Ericsson with a deal including 5G Standalone (SA) rollout. This 5G SA is analyzed to enable Swisscom to deliver superior network performance and new use cases comprising logistics, energy, factory, mining, and airport and so on. Such factors are further set to propel the market growth of 5G IoT Market in the long run. 

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5G IoT Market Segment Analysis- By End Users

By end users, 5G IoT market has been segmented into Manufacturing, Transportation & Logistics, Consumer, Oil & Gas, Automotive, Ports, Energy, Smart City, Smart Building, Retail, Agriculture, Healthcare, Education, Smart Events & Stadia, Mining, Utilities and Others. Automotive sector is analyzed to witness the highest growth with a CAGR 70% during 2022-2026. The demand for future mobility and automated driving coupled with enhanced multimedia and infotainment features in the car is attributing to the market growth. Rising investment towards infotainment solutions with 5G connectivity for seamless and delay-free video and music streaming along with the integration of weather forecasts, or information on the current traffic situation is another prime factor contributing towards market growth. Expansion of digital infrastructure is set to lead to a huge increase in data in the automotive sector. According to a report published by Acta Verba, in advanced connected cars, the data flow is to reach 1 GB per vehicle per day, and it will further explode by 30 times to 1 TB of data per vehicle, per month, by 2025. This creates a need for significantly more bandwidth and faster data processing capabilities close to end users and mobile devices at the digital edge, and such factors are contributing towards expansion of 5G IoT Market. In December 2021, Volkswagen announced the deployment of Nokia’s industrial-grade private 5G wireless network at the company’s main plant in Wolfsburg, Germany. This development was done to help the facility achieve real-time connectivity for IoT sensors, connected vehicles and machinery, supporting intelligent networking of production robots and wireless assembly tools. Such factors are set to drive the market forward in the coming years.

5G IoT Market Segment Analysis- By Geography 

By Geography, 5G IoT Market has been segmented into North America, Europe, APAC, South America and Others. APAC dominated the 5G IoT Market with a share of 34% in 2021, owing to burgeoning demand for next-generation high-speed mobile internet among manufacturers in this region for more reliable connectivity and more bandwidth between devices. Rising partnerships between telecom operators and IoT network providers in APAC region with an aim to enable enterprises running more automated, productive, sustainable and safer businesses with harmonized service level agreements, while providing real-time insights is resulting in speedy expansion of the market. Although 4G can accommodate Industry 4.0 capabilities, 5G is analysed to be the true accelerator for digitalization and the key to implementing features like IoT, advanced robotics and remote machine control, and augmented/virtual reality (AR/VR) to enterprises, with the manufacturing and energy sectors taking the lead in its adoption. According to GSMA, APAC 5G Industry Community is formed by 12 Contributing members and the existing IoT community and 5G emerging market community with over 500 members in more than 30 countries with an aim to build a platform for people who are passionate about 5G benefits to industries and enterprises, to connect with peers and share their knowledge, requirement, and build the ecosystem to support each other to drive businesses forward with the new technologies in APAC. Furthermore, growing investment towards smart city infrastructure, equipped with advanced security features for real-time surveillance, large scale monitoring by local authorities and backed up by analytics, Artificial Intelligence (AI), Internet-of -Things (IoT) and data-driven insights is one of the key factors driving its market growth within the region. In January 2022, Qualcomm announced collaboration with Cybertrust Japan Co., Ltd. and SB Technology Corp. through the Qualcomm IoT Services Suite offering to proliferate smart Cities and 5G IoT solutions in Japan. This collaboration was done to explore projects with Qualcomm Smart Cities Accelerator Program ecosystem members and develop smart solutions for use cases across smart cities, smart campuses, smart parking, smart energy-management, smart security, smart factories, and more in this country. Such developments are set to create significant growth opportunities for the market during 2022-2026.

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5G IoT Market Drivers

Increased proliferation of technologies like predictive maintenance, data analytics, digital twins and others in manufacturing sector are impacting the market growth

Increasing penetration of advanced technologies like predictive maintenance, data analytics, digital twins and others as a part of improving business insights for greater operational efficiency, better product quality, optimized supply chain performance and so on acts as major factor driving the market growth towards 5G IoT Market. The burgeoning demand for predictive maintenance in manufacturing sector leveraging critical communication infrastructure provides data analysis tools and techniques, which are used to monitor equipment condition for regular operational wear and tears, and such factors are analyzed to elevate the 5G IoT Market. Furthermore, rising investments towards connected asset monitoring enabling real-time asset data analysis assists in providing a powerful tool for productivity improvement, which in turn can also aid the market growth overtime. 5G’s enhanced bandwidth compared with other wireless communications technologies help robots and cobots to be monitored and updated in real-time as the environment changes. 5G’s low latency allows for actions to be monitored close to real-time, and such benefits of 5G are propelling the growth of the market. In November 2021, Huawei and China Mobile jointly deployed 5G enabled manufacturing solutions powered by mobile edge computing (MEC) at Haier’s smart factories. Haier is leveraging advanced technologies like artificial intelligence and machine vision at seven smart factories in China and has planned to expand in 20 factories by the end of 2022. Such new development is set to fuel the market growth in the long run.

Rise in demand for connected cars equipped with advanced in-vehicle infotainment and telematics system drives its market forward

Growing demand for connected cars equipped with advanced in-vehicle infotainment and telematics system act as a major driver boosting its market growth. The enhanced bandwidth of 5G New Radio enables richer infotainment and more immersive in-car entertainment experiences. Adoption of multi-access edge computing (MEC) platform puts processing power at the edge of the network, for faster gaming and higher quality video. Such beneficiary capabilities of 5G IoT is analyzed to positively impact the market growth overtime. Furthermore, with the substantial growth of C-V2X technology, 5G network for C-V2X infrastructure for use on on-board platforms is evolving. The rise in adoption of advanced driver assistance system (ADAS), equipped with on-board sensors, is also set to significantly trigger the growth of 5G IoT Market. Rising investments towards autonomous driving (AD) with an aim to harmonize and accelerate the introduction of intelligent transport and communication solutions is augmenting the growth of the market. According to the Economic Times, connected car shipments in the U.S. is expected to cross 80 million units during 2020 to 2025, growing at a CAGR of 10%. They moreover state that 5G cars will account for 27% of the market by 2025. In August 2021, Honda collaborated with Verizon to explore how Verizon 5G Ultra Wideband and 5G Mobile Edge Computing (MEC) can ensure fast, reliable communication between road infrastructure, vehicles and pedestrians. Verizon’s 5G and MEC platforms bring the power of the cloud closer to the vehicle, lowering latency, offering massive bandwidth, and improving communications and connectivity between drivers, other cars, traffic lights, pedestrians and emergency vehicles to improve threat detection and avoid accidents. Such developments are analyzed to propel the 5G IoT Market growth in the coming years.

5G IoT Market Challenges

High infrastructure cost related with 5G deployment and coverage hinders its market growth

5G offers a significant increase in speed and bandwidth, but its more limited range requires further infrastructure. 5G antennas and base stations are smaller in the 5G era, but more of them would have to be installed on buildings or homes to compensate for their shorter range. Cities need to install extra repeaters to spread out the waves and extend range, while also maintaining consistent speeds in more densely populated areas, and thus, deployment of additional infrastructure requires high cost, which in turn create a negative impact on the growth of the market. A small tower and 5G cell site costs $30,000–$50,000 and due to such high costs small and medium enterprises are not opting for 5G. Investments needed in key components for a 5G network coverage includes spectrum, sites, power distribution and resilient strength fibre. Such factors have been creating an adverse impact on its market growth.

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5G IoT Market Landscape

Product innovations, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the 5G IoT Market. 5G IoT top 10 companies include: 

Qualcomm

Ericsson

Nokia Corporation

Samsung Electronics Co. Ltd.

AT&T Inc.

Verizon Communications Inc.

Vodafone Group Plc

Telefonica S.A.

Deutsche Telekom

SK Telecom

Recent Developments

In November 2021, Samsung announced about the launch of its latest automotive chip solutions, the Exynos Auto T5123 for 5G connectivity to enhance smarter and more connected automotive technologies for enriched in-vehicle experiences including entertainment, safety and comfort and other critical features on the road. This product is specifically designed to bring fast and seamless 5G connectivity in both standalone (SA) and non-standalone (NSA) mode to the next generation of connected cars.

In October 2021, Ericsson announced about the launch of end-to-end time critical communication for real time 5G experiences such as cloud gaming, AR/VR, and unlock new ones in remote control, mobility automation, and industrial control. With the launch of its new Critical IoT product, Ericsson is enhancing its 5G capabilities ensuring consistent low latency and high reliability demanded by time-critical applications and services for consumers, enterprises, and public sector. 

In August 2021, Qualcomm announced about the launch of Qualcomm Flight RB5 5G Platform to offer both 5G and AI-capabilities for delivering a solution which will drive the next generation of high-performance, low-power, 5G drones. With this launch, Qualcomm combines heterogeneous, low-power computing and camera systems with AI, and long-range connectivity such as 5G, and Wi-Fi 6 to bring together the unparalleled power of 15 TOPS with advanced imaging capabilities and drone-to-drone communication.

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Global top 13 companies accounted for 66% of Total Frozen Spring Roll market(qyresearch, 2021)

The table below details the Discrete Manufacturing ERP revenue and market share of major players, from 2016 to 2021. The data for 2021 is an estimate, based on the historical figures and the data we interviewed this year.

Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research includes the research of the annual financial reports of the top companies; while primary research includes extensive interviews of key opinion leaders and industry experts such as experienced front-line staffs, directors, CEOs and marketing executives. The percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

According to the new market research report “Global Discrete Manufacturing ERP Market Report 2023-2029”, published by QYResearch, the global Discrete Manufacturing ERP market size is projected to reach USD 9.78 billion by 2029, at a CAGR of 10.6% during the forecast period.

Figure.   Global Frozen Spring Roll Market Size (US$ Mn), 2018-2029

Figure.   Global Frozen Spring Roll Top 13 Players Ranking and Market Share（Based on data of 2021, Continually updated）

The global key manufacturers of Discrete Manufacturing ERP include Visibility, Global Shop Solutions, SYSPRO, ECi Software Solutions, abas Software AG, IFS AB, QAD Inc, Infor, abas Software AG, ECi Software Solutions, etc. In 2021, the global top five players had a share approximately 66.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

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5G Systems Integration Market Driven By Increase Investments In U.S., China, And Japan

The global 5G systems integration market size is estimated to reach USD 62.69 billion by 2030, registering a CAGR of 27.3% from 2022 to 2030, according to a new study by Grand View Research, Inc. Robust increase in the investments to deploy 5G network infrastructures across key countries, such as U.S., China, and Japan, has created the demand for integrating entire fifth generation infrastructure and applications across enterprises. This process will help enterprises to work as a centralized platform that will assist in reducing overall complexity. Thus, robust investments in building fifth-generation infrastructure, coupled with the growing need to set up a 5G-enabled ecosystem, are estimated to propel market growth.

Rapidly building smart cities have surged the adoption of numerous Internet of Things (IoT) devices across the globe. IoT devices require enhanced bandwidth to function appropriately. Thus, in order to provide high-speed broadband by supporting fifth-generation New Radio (NR), such as sub-6GHz and mmWave frequency bands, the entire infrastructure across these smart cities need to be upgraded in line with supporting fifth-generation radio network. Therefore, it is further estimated to boost the market growth from 2022 to 2030.

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Moreover, with the evolution of industry 4.0, the adoption of industrial sensors and collaborative robots is gaining popularity in the manufacturing sector across the globe. Therefore, to deliver seamless network connectivity to these above-mentioned devices, it is anticipated to raise the demand for 5G system integration services to make entire manufacturing facilities compatible with supporting next-generation 5G NR.

Rapidly rising digital transformation has disrupted the entire operation of the manufacturing industry. This has increased the trend of the machine-to-machine (M2M) communications to increase overall productivity as well as streamline the whole process. As a result, this has further expanded the need for high broadband to deliver uninterrupted connectivity to industrial sensors and robots. Therefore, the growing need for high broadband connectivity to establish seamless communication between machines is expected to elevate the demand for 5G system integration services in the next few years.

Furthermore, with the emergence of new technologies, such as network slicing and software-defined networking (SDN), the adoption of 5G system integration will witness a rapid surge to reduce overall enterprise infrastructure costs. Moreover, highly trained professionals must implement and manage the fifth-generation system integration services. This is anticipated to hinder market growth over the forecast period.

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Cyber Physical Systems Market

Cyber Physical Systems Market Size, Share, Trends: Siemens AG Leads

Integration of AI and Machine Learning in CPS

Market Overview: 

The global Cyber Physical Systems market is projected to grow at a CAGR of 8.5% from 2024 to 2031. The market size is expected to increase significantly during this period.

North America currently dominates the market, followed closely by Europe and Asia-Pacific. Key metrics include increasing adoption across various industries, rising investments in smart city initiatives, and growing integration with emerging technologies such as AI and IoT.

The Cyber Physical Systems market is expanding rapidly, owing to increased industrial digitalisation and a growing demand for real-time data analysis and control. The confluence of the physical and digital worlds opens up new potential for organisations to optimise operations, increase efficiency, and produce novel goods and services.

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Market Trends: 

The integration of Artificial Intelligence (AI) and Machine Learning (ML) into Cyber Physical Systems is transforming several sectors. This trend allows for predictive maintenance, autonomous decision-making, and adaptive systems that can learn and improve over time. AI-powered CPS are optimising manufacturing processes, reducing downtime, and increasing product quality. In healthcare, these systems improve patient monitoring and treatment planning. The transportation industry is utilising AI-integrated CPS for traffic management and self-driving car development. This tendency is projected to intensify as AI and machine learning technology progress, enabling more sophisticated and efficient CPS solutions across different domains.

Market Segmentation: 

The hardware component of Cyber Physical Systems bridges the physical and digital worlds, allowing for real-time data collecting, processing, and actuation. This category contains the sensors, actuators, embedded systems, and communication devices that serve as the foundation for CPS architectures. The hardware segment's dominance can be linked to the increasing sophistication and miniaturisation of sensor and processing technologies, as well as rising demand for IoT devices across a wide range of industries.

Recent advances in hardware technology have considerably improved the capabilities of Cyber Physical Systems. For example, the advancement of 5G-enabled sensors and edge computing devices has increased real-time data processing and decreased latency in CPS applications. Industry heavyweights such as Siemens and ABB have reported a 40% growth in demand for their CPS hardware solutions over the last year, particularly in the industrial and energy industries.

Market Key Players:

Siemens AG

IBM Corporation

General Electric

Microsoft Corporation

Honeywell International Inc.

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The Industrial IoT Revolution: Market Forecast and Leading Players to Watch in 2023–2031

Industrial IoT Market Report: Growth, Trends, and Future Outlook

The Industrial Internet of Things (IIoT) represents a transformative wave in industrial operations, leveraging the power of connected devices, sensors, and advanced analytics to optimize processes, improve efficiency, and unlock new business opportunities. IIoT connects machines, devices, sensors, and systems to collect and analyze data in real time, enabling industries to achieve smarter decision-making, reduce operational costs, and enhance productivity.

The global Industrial IoT (IIoT) market was valued at USD 334.53 billion in 2022 and is projected to reach USD 2,916.21 billion by 2031, growing at an impressive CAGR of 27.2% during the forecast period (2023–2031). This rapid growth highlights the increasing demand for IoT-enabled technologies across various industrial sectors, making IIoT a vital part of the digital transformation process in manufacturing, supply chains, and infrastructure.

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Key Trends in the Industrial IoT Market

Increased Adoption of Smart Manufacturing: Manufacturers are embracing IIoT for process automation, predictive maintenance, real-time monitoring, and supply chain optimization. This trend is expected to continue as more companies focus on reducing downtime and improving product quality through connected devices.

Advancements in Edge Computing and AI Integration: The rise of edge computing is reducing latency, enabling faster data processing at the source. Integrating AI and machine learning with IIoT systems allows industries to gain insights from real-time data, improving decision-making capabilities.

Focus on Cybersecurity: As the number of connected devices increases, so does the potential vulnerability to cyberattacks. Ensuring robust cybersecurity measures within IIoT systems is becoming a top priority for businesses.

5G Connectivity: The rollout of 5G technology is enhancing the capabilities of IIoT by offering faster and more reliable communication between connected devices. This enables applications that require low latency, such as autonomous vehicles and real-time remote monitoring.

Sustainability and Energy Efficiency: Industries are increasingly adopting IIoT technologies to improve energy efficiency, reduce emissions, and support sustainability goals. Sensors and data analytics enable more efficient resource management, leading to reduced waste and energy consumption.

Industrial IoT Market Size and Share

The IIoT market is witnessing substantial growth across various regions, driven by technological advancements, an increasing number of connected devices, and the need for automation. The major industrial sectors benefiting from IIoT include manufacturing, energy, automotive, pharmaceuticals, and more. Businesses are investing heavily in IIoT to streamline their operations, reduce operational costs, and ensure more efficient use of resources.

The market is also being driven by increasing government initiatives aimed at fostering smart city projects, digital infrastructure, and sustainable industrial practices. As industries continue to digitize their operations, the demand for IIoT solutions is poised to grow exponentially.

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Industrial IoT Market Statistics

The global market value was USD 334.53 billion in 2022.

The market is expected to grow to USD 2,916.21 billion by 2031, with a CAGR of 27.2% during the forecast period (2023–2031).

North America holds a significant share of the market, driven by the adoption of advanced industrial technologies and the presence of key players like Cisco, IBM, and Honeywell.

Asia Pacific (APAC) is expected to witness the highest growth due to rapid industrialization, increasing investments in smart factories, and government support for smart manufacturing initiatives.

Regional Trends and Impact

North America: The North American region, particularly the United States and Canada, dominates the global IIoT market due to a robust manufacturing base, the presence of key technology companies, and early adoption of IoT-enabled technologies. The region’s focus on automation, smart factories, and energy efficiency has led to a high demand for IIoT solutions.

Asia Pacific (APAC): APAC is expected to witness the fastest growth in the IIoT market, primarily driven by the increasing industrialization in countries like China, Japan, and India. The region's push towards smart manufacturing, government initiatives supporting industrial automation, and rapid adoption of advanced technologies like AI, robotics, and 5G are propelling the growth of the IIoT market.

Europe: Europe is another key region for IIoT, driven by strong industrial sectors such as automotive, chemicals, and energy. The European Union’s focus on Industry 4.0 and digital transformation is increasing the demand for IIoT technologies across manufacturing, energy, and logistics.

LAMEA (Latin America, Middle East, and Africa): While still a developing market, the LAMEA region is showing significant potential for IIoT growth, especially in industries such as oil and gas, utilities, and agriculture. Increased investment in infrastructure and digitalization is expected to drive the demand for IIoT solutions in these regions.

Industrial IoT Market Segmentation

By Offering

Hardware:

Industrial Robots: These robots are essential for automating repetitive tasks in industries such as manufacturing and automotive, improving efficiency and reducing errors.

Industrial PC: Industrial PCs are used for data processing, monitoring, and control in industrial environments.

Industrial Sensors: Sensors play a critical role in collecting data from machines and devices to monitor conditions like temperature, pressure, and vibration.

Distributed Control System (DCS): DCS solutions enable centralized control of industrial processes, helping manage large-scale production systems.

Smart Meters: Smart meters are essential for monitoring and managing energy consumption in industries, contributing to energy efficiency.

Human Machine Interface (HMI): HMIs provide a visual interface for operators to interact with industrial control systems.

Control Devices: Devices that help regulate and control industrial processes, ensuring smooth operations.

Software: Software solutions in IIoT are used for data collection, processing, analytics, and visualization. These software tools enable industries to derive actionable insights from the vast amount of data generated by IIoT devices.

Services:

Training & Consulting Services: These services help organizations integrate IIoT technologies into their existing systems and operations.

Support and Maintenance Services: These services ensure that IIoT solutions continue to operate efficiently and without disruption.

By Connectivity

Wired Connectivity:

Ethernet: Provides high-speed, reliable data transmission for industrial applications.

Fieldbus: Used in process control systems for connecting field devices and control systems.

Wireless Connectivity:

Wi-Fi, Bluetooth, Cellular Connectivity, Satellite Connectivity: Wireless connectivity solutions offer flexibility and scalability for IIoT applications, especially in large industrial environments.

By End-use Industry

Aerospace and Defense

Automotive

Chemicals

Energy & Power

Food & Beverage

Metal and Mining

Oil & Gas

Pharmaceutical

Semiconductor & Electronics

Others (Healthcare, Water & Wastewater, etc.)

Each of these industries is increasingly adopting IIoT technologies to improve operational efficiency, ensure product quality, reduce costs, and enhance safety.

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Top Players in the Industrial IoT Market

Several companies are leading the way in the IIoT market, providing innovative solutions and services:

Huawei Technology Co., Ltd.

Cisco

General Electric

Schneider Electric

Rockwell Automation

ABB

Texas Instruments

Honeywell

IBM

KUKA AG

NEC Corporation

Bosch

Siemens AG

SAP

Endress+Hauser

Accenture PLC

STMicroelectronics

These companies are at the forefront of developing and implementing IIoT solutions, helping industries to leverage IoT technologies for better efficiency, safety, and profitability.

Table of Contents for the Industrial IoT Market Report: https://straitsresearch.com/report/industrial-iot-market/toc

Conclusion

The Industrial IoT market is experiencing rapid growth as industries worldwide adopt connected devices, advanced analytics, and automation to enhance productivity, reduce costs, and improve decision-making. With significant investments in IIoT infrastructure, the market is poised to expand substantially in the coming years, especially in sectors such as manufacturing, energy, automotive, and pharmaceuticals. As technologies like AI, 5G, and edge computing continue to evolve, the potential for IIoT to drive industrial transformation will only increase, presenting enormous opportunities for businesses and industries to embrace the future of connected manufacturing and operations.

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Network Analyzers Market: Precision Testing Tools for Evolving Communication Networks up to 2033

Market Definition The Network Analyzers Market involves devices and software solutions designed to test, measure, and analyze the performance of various types of networks. These analyzers are critical for ensuring the integrity and reliability of network systems, from telecommunications infrastructure to complex enterprise IT setups. Network analyzers are utilized to assess parameters such as signal quality, frequency response, and overall network stability, making them indispensable in sectors like telecommunications, defense, automotive, and manufacturing.

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The network analyzers market is anticipated to expand from $3.2 billion in 2023 to $5.4 billion by 2033, reflecting a CAGR of approximately 5.2%.

Market Outlook The global Network Analyzers Market is set for significant growth, driven by the increasing complexity of network infrastructures, the rapid deployment of 5G networks, and the expanding Internet of Things (IoT) ecosystem. As businesses and telecom operators continue to invest in advanced networks, the demand for efficient network testing and optimization tools is on the rise. The adoption of software-defined networking (SDN) and network function virtualization (NFV) is further pushing the need for advanced analyzers that can keep up with dynamic and virtualized environments.

Telecommunication companies are heavily investing in network analyzers to support the rollout of 5G technology. These analyzers are critical for testing and maintaining the high-speed, low-latency networks required for applications such as autonomous vehicles, augmented reality (AR), and smart cities. With the growing adoption of 5G, network analyzers are becoming essential tools for ensuring performance and minimizing downtime.

The rise of IoT has also expanded the scope of the Network Analyzers Market. As billions of connected devices generate massive amounts of data, organizations are seeking advanced monitoring and diagnostic solutions to ensure network efficiency. Network analyzers help in identifying potential issues before they become critical, thereby supporting seamless data flow and enhancing security. Furthermore, the increasing emphasis on network security has led to the development of analyzers with enhanced security features to detect and mitigate cyber threats.

Technological advancements in network analyzers are transforming the market. The integration of artificial intelligence (AI) and machine learning (ML) into these devices allows for predictive analytics and automated troubleshooting, making network maintenance more efficient and proactive. Portable and handheld network analyzers are gaining popularity, especially in field applications, due to their convenience and advanced features. These devices are crucial for on-site network testing, especially in industries like construction and utilities.

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Research Objectives

Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region

Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling

Identify factors influencing market growth and challenges, opportunities, drivers and restraints

Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates

Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities

Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market

To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.

Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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Market Segmentation

In 2023, the Network Analyzers Market exhibited a robust volume, reaching an estimated 320,000 units, with projections to ascend to 550,000 units by 2033. The spectrum analyzers segment dominates the market share, accounting for 45%, followed by vector network analyzers at 30%, and scalar network analyzers at 25%. This hierarchy is driven by the increasing demand for high-frequency testing in telecommunications and aerospace sectors. Key players such as Keysight Technologies, Rohde & Schwarz, and Anritsu Corporation maintain substantial market shares, leveraging advancements in 5G and IoT technologies to enhance product offerings and expand their market footprint.

The competitive landscape is shaped by these companies’ strategic innovations and acquisitions, with Keysight Technologies prioritizing 5G network solutions and Rohde & Schwarz investing in advanced measurement capabilities. Regulatory frameworks, particularly those governing telecommunications standards and spectrum allocations, significantly influence market dynamics. As the market progresses, a projected 15% increase in R&D expenditure by 2033 is anticipated, fostering innovation and addressing emerging technological challenges. Opportunities abound in the expansion of 5G networks and the integration of AI-driven analytics in network testing. Nonetheless, challenges such as stringent regulatory requirements and rapid technological shifts remain pertinent. The adoption of cloud-based network analysis solutions is expected to open new growth avenues, further solidifying the market’s positive trajectory.

Major Players

Anritsu Corporation

Rohde & Schwarz

Keysight Technologies

Teledyne LeCroy

VIAVI Solutions

Yokogawa Electric Corporation

EXFO Inc

Spirent Communications

LitePoint

Signal Hound

Ametek

GAO Tek

Advantest Corporation

Bird Technologies

Copper Mountain Technologies

Boonton Electronics

Anapico

Siglent Technologies

National Instruments

B&K Precision

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Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis

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[global-research-report]

Trends in the IoT Node and Gateway Market 2023 - 2030

The global IoT node and gateway market size is expected to reach USD 1.13 trillion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 13.1% from 2023 to 2030. The market's growth is primarily fueled by the advent of 5G technology, the increasing utilization of wireless smart sensors and networks, a burgeoning market for connected devices, and the rising demand for data centers driven by the growing adoption of cloud platforms. For instance, in August 2023, Intel Corporation launched its new leading-edge chip factories at its Ocotillo campus in Chandler, Arizona. The new factories will support the growing demand for Intel’s products and provide committed capacity for Intel Foundry Services customers, thereby driving market growth over the forecast period.

The growing need for data-driven insights and automation drives the increased demand for connected devices. In sectors like healthcare, the Internet of Things (IoT)-enabled medical devices can monitor patients' vital signs in real time, providing doctors with accurate and timely information for diagnosis and treatment. In agriculture, field sensors can collect data on soil moisture, temperature, and nutrient levels, enabling farmers to make informed decisions about irrigation and fertilization.

IoT devices and gateways often operate in remote or challenging environments where wired connections are impractical. 5G’s broader coverage and improved penetration capabilities ensure that even devices in difficult-to-reach areas can stay connected, enabling applications like smart agriculture, environmental monitoring, and wildlife tracking. 5G mMTC (Massive Machine-Type Communications) capability allows for the seamless connection of many IoT devices within a small geographical area.

Manufacturing industries are embracing IoT nodes and gateways to create smarter factories with real-time monitoring of equipment and production lines, optimizing efficiency and reducing downtime. The need for real-time data processing has led to the adoption of edge computing. IoT gateways play a pivotal role by performing data preprocessing at the edge, reducing latency, and enhancing overall system responsiveness.

North America has been at the forefront of technological innovation, with a robust ecosystem of tech companies, startups, and research institutions. This environment has fostered the development of innovative IoT solutions, making it an ideal market for adoption. The region has quickly embraced emerging technologies such as 5G, edge computing, and AI, which are essential for IoT deployments. In January 2023, Cisco Systems Inc. extended its collaboration with the Grand Duchy of Luxembourg. The aim of this collaboration is to continue to support Digital Luxembourg, the Grand Duchy’s long-term digitalization movement.

IoT Node And Gateway Market Report Highlights 

North America has solidified its position as a key hub for IoT innovation and adoption, due to the advancing technological infrastructure, strong investment in IoT solutions across various industries, and a thriving ecosystem of IoT-related companies

Advancements in microelectronics have led to smaller, more power-efficient IoT nodes. This enables seamless integration into various devices and environments while extended battery life reduces maintenance needs

The growth of smart homesworldwide has been a remarkable phenomenon in recent years. Smart homes are equipped with advanced technology that enables homeowners to control their home systems remotely

The key industry players are Intel Corporation, Cisco Systems, Inc., Huawei Technologies Co. Inc., and NXP Semiconductors, among others. To maintain market share, major firms frequently engage in mergers and acquisitions as well as new product launches

IoT Node And Gateway Market Segmentation

Grand View Research has segmented the IoT node and gateway market based on component, connectivity, end-use, and region:

IoT Node & Gateway Component Outlook (Revenue, USD Billion, 2018 - 2030)

Hardware

Connectivity Integrated Circuits (ICs)

Logic Devices

Memory Devices

Processors

Sensors

Temperature Sensors

Motion Sensors

Light Sensors

Others

Software

Services

IoT Node & Gateway Connectivity Outlook (Revenue, USD Billion, 2018 - 2030)

ZigBee

Wi-Fi

Bluetooth

Z-Wave

Others

IoT Node & Gateway End-use Outlook (Revenue, USD Billion, 2018 - 2030)

Consumer Electronics

Wearable Devices

Automotive & Transportation

BFSI

Healthcare

Retail

Building Automation

Oil & Gas

Agriculture

Aerospace & Defense

Others

IoT Node & Gateway Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Europe

Germany

UK

France

Italy

Spain

Asia Pacific

China

Japan

India

South Korea

Latin America

Brazil

Mexico

Middle East and Africa

South Africa

UAE

Order a free sample PDF of the IoT Node And Gateway Market Intelligence Study, published by Grand View Research.

[skyjohn009]

 Growing Demand for Advanced Semiconductor Devices Drives Photolithography Equipment Market

 Growing Demand for Advanced Semiconductor Devices Drives Photolithography Equipment Market

 The global Photolithography Equipment Market size was valued at USD 9,468 Million in 2021 and is projected to reach from USD XX Million in 2022 to USD 14096 Million by 2030, growing at a CAGR of 5.1% during the forecast period (2022–2030).

The global Photolithamination Equipment Market is expected to witness significant growth due to the increasing demand for advanced semiconductor devices. The market is driven by the growing need for miniaturization of electronic devices, which requires the use of photolithamination equipment.

The market is also influenced by the rising adoption of emerging technologies such as artificial intelligence, 5G, and the Internet of Things (IoT). These technologies require the use of advanced semiconductor devices, which in turn drives the demand for photolithamination equipment.

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Market Definition

Photolithography equipment, also known as optical lithography or UV lithography, is a process used in microfabrication to pattern parts of a thin film or the bulk of a substrate. It uses light to transfer a pattern from a photomask to a light-sensitive chemical (photoresist) on the substrate.

Latest Trends

Increasing demand for miniaturized electronic devices

Growing adoption of 5G technology and artificial intelligence

Rising demand for advanced packaging technologies

Increasing focus on research and development activities

Key Opportunity

The growing demand for advanced semiconductor devices and the increasing adoption of emerging technologies such as artificial intelligence, 5G, and the Internet of Things (IoT) are expected to create new opportunities for the photolithography equipment market.

Key Players

The key players in the photolithography equipment market are:

ASML Holding NV

Canon Inc.

Nikon Corporation

SÜSS MICROTEC SE

Holmarc Opto-Mechatronics (P) Ltd

Taiwan Semiconductor Manufacturing Company Limited (TSMC)

KLA Corporation

S-Cubed Company

Osiris International GmbH

Veeco Instruments Inc.

Market Segmentation

The photolithography equipment market is segmented based on process, application, light source, type, wavelength, and end-user.

By Process

Ultraviolet

Deep Ultraviolet

Extreme Ultraviolet

By Application

Front-end

Back-end

By Light Source

Mercury Lamp

Fluorine Laser

Excimer Laser

Others

By Type

EUV

DUV

I-Line

ArF

ArFi

KrF

By Wavelength

370 nm–270 nm

270 nm–170 nm

70 nm–1 nm

By End User

IDMS

Foundries

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About Straits Research

Straits Research is a top provider of business intelligence, specializing in research, analytics, and advisory services, with a focus on delivering in-depth insights through comprehensive reports.

[marketsndata]

Japan Connected Cars Market Analysis 2030

Japan Connected Cars Market size was valued at USD 6.38 billion in 2022, expected to reach USD 17.2 billion in 2030 with a CAGR of 13.2% for the forecast period between FY2023 and FY2030. The Japan Connected Cars Market is a burgeoning sector encompassing technologically advanced vehicles with internet connectivity and communication systems. These connected cars offer various innovative features and services that enhance the driving experience, improve safety, and revolutionize transportation. The market has been experiencing significant growth, driven by several key factors. First and foremost, increasing consumer demand for seamless connectivity, real-time navigation, and in-car infotainment has been a primary driver. Japanese consumers have shown a strong interest in integrating their smart devices with their vehicles, creating a more integrated and personalized driving experience.

The synergy between automotive manufacturers and technology firms has significantly increased the availability and adoption of connected cars. The Japanese government’s support for research and development and a supportive regulatory environment have incubated innovation and capital infusion in the corresponding car sector. Safety-centric applications like V2V and V2I communication have gained traction, aligning with Japan’s commitment to road safety. This confluence leads to a promising trajectory for the Japan Connected Cars Market, with significant agreements between Nissan, Honda, and Toyota and telecom companies in 2022. These automotive giants have committed to remuneration for services facilitating seamless communication and unfettered access to online functionalities in their vehicles.

Increasing Awareness of the Benefits of Connected Cars

Japan’s connected cars market has experienced a significant increase in recent years due to increased consumer awareness of connected vehicles. As people become more technologically literate, they appreciate seamless connectivity and intelligent features like real-time navigation, in-car entertainment, and V2V communication. This has heightened my curiosity about connected cars. Furthermore, realizing how connected cars can elevate overall driving experiences, optimize vehicle performance, and bolster road safety has instrumentally stimulated consumer demand. As this awareness continues to be disseminated through diverse marketing strategies, educational initiatives, and word-of-mouth, the Japan-connected cars market is poised for sustained expansion and increased adoption of these advanced automotive technologies.

A concrete example is Bentley’s introduction of the Bentayga Hybrid Azure in 2023. The Bentley Bentayga Hybrid Azure integrates a potent hybrid powertrain with advanced safety features and infotainment capabilities. Its hybrid technology contributes to reduced emissions and enhanced efficiency, while the vehicle also incorporates state-of-the-art safety systems for heightened driver and passenger security. Additionally, the infotainment features offer a sumptuous and interconnected driving encounter.

Internet of Things (IoT) Ecosystem and Smart Cities

Japan’s IoT ecosystem and smart cities have significantly impacted the connected cars market. As Japan develops intelligent urban areas, connected cars integrate seamlessly into transportation infrastructure, enabling real-time data exchange and improved traffic management. Smart cities provide parking assistance and traffic flow optimization, enhancing urban mobility efficiency and convenience. The fusion of connected cars with the IoT paradigm and smart city initiatives has amplified the market’s expansion, ushering in a transformative era characterized by innovative and interconnected transportation solutions.

A notable example is the remarkable strides made by Industry 4.0 and the IoT in 2022, significantly accelerating the connected and autonomous vehicle market. The advent of 5G technology further amplifies critical applications such as autonomous driving, Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), Vehicle-to-Network (V2N), and Vehicle-to-Pedestrian (V2P) communications. The attributes of 5G, encompassing reliability, availability, high-speed connectivity, and minimal latency, pave a clear path for establishing a comprehensive Vehicle-to-Everything (V2X) ecosystem. This sophisticated network architecture ensures seamless connectivity and communication among diverse components within the automotive environment, underscoring the dynamic potential of a fully interconnected future.

Technological Advancements

Japan’s connected cars market has experienced significant technological advancements, including advanced driver assistance systems (ADAS) and Vehicle-to-Everything (V2X) communication. These advancements improve vehicular safety by providing collision avoidance, lane departure alerts, and adaptive cruise control. V2X communication enables data exchange with vehicles, infrastructure, and pedestrians, enhancing traffic management and safer driving experiences. The integration of 5G networks has further enhanced connectivity, enabling real-time navigation, infotainment, and seamless over-the-air updates.

Simultaneously, the ascent of cloud and edge computing technologies has unlocked efficacious data processing and storage avenues, unlocking the potential for more intricate and feature-enriched connected car applications. These momentous technological strides persist in steering the Japan-connected cars market towards a future characterized by increasingly astute and interconnected mobility solutions. A pertinent illustration of this trend is Skoda’s 2022 introduction of the Enyaq iV 60, an electric SUV blending performance with range efficiency. This model features cutting-edge technological prowess, such as an advanced infotainment system, driver assistance functionalities, and an array of connected services. The Enyaq iV 60 exemplifies Skoda’s dedication to innovation and sustainability, enriching driving experiences with state-of-the-art technologies.

Impact of COVID-19

The COVID-19 pandemic had a notable impact on the Japan-connected cars market. During the initial phases of the outbreak, production and sales of vehicles experienced significant disruptions due to supply chain issues and lockdown measures. As people refrained from non-essential travel, the demand for connected cars temporarily declined. However, the pandemic highlighted the importance of connected car technologies in ensuring safer and more efficient transportation. As restrictions eased, there was a renewed interest in connected cars, particularly in contactless services and remote diagnostics features. Automakers and technology providers focused on enhancing in-car infotainment and connectivity features to cater to changing consumer preferences. Despite the challenges, the market displayed resilience, with increasing government support and collaboration driving the sector’s gradual recovery.

Impact of Russia-Ukraine War

The war did not directly affect the Japan-connected cars market. Nevertheless, it’s crucial to contemplate the potential ramifications for the automotive sector. Japan’s substantial dependence on importing raw materials and components from multiple nations, including those impacted by the conflict, amplifies the importance. Any disruption in the global supply chain because of the war could affect the manufacturing and availability of connected car technologies. Furthermore, geopolitical tensions induced fluctuations in exchange rates and gave rise to economic uncertainties, impacting consumer confidence and automobile sales in Japan. The evolving scenario necessitates vigilant scrutiny, as protracted conflicts can yield widespread implications for the global economy and the automotive industry, indirectly influencing the Japan-connected cars market. Continuous monitoring remains imperative in assessing the eventual consequences.

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Japan Connected Cars Market: Report Scope

Japan Connected Cars Market Assessment, Opportunities, and Forecast, FY2017-FY2031” is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of the connected cars market in Japan, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

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[stevecarell600]

Wireless Infrastructure Market Size, Share, Size, Share, Growth, and Forecast by 2032

In 2021, the global wireless infrastructure market reached a size of USD 178.56 billion. Projections indicate a substantial increase, ascending from USD 202.43 billion in 2022 to a projected USD 427.43 billion by 2029. This growth is expected to occur at an impressive Compound Annual Growth Rate (CAGR) of 11.27% during the forecast period. The research report, titled "Wireless Infrastructure Market, 2022-2029," conducted by Fortune Business Insights™, delves deeply into these insights.

The analysis underscores a surge in demand for high-speed data within both residential and commercial sectors. This, in turn, is expected to drive investments across economies at varying stages of development, spanning from emerging to advanced. A noteworthy trend is the increasing interest in satellite-based connectivity, particularly within the marine and defense sectors. This trend is poised to attract investments in this particular segment. Additionally, there is a positive outlook regarding investments in 5G technology, indicating promising growth prospects in the forthcoming years.

Informational Source:

List of Key Players Profiled in the Wireless Infrastructure Market Report:

Capgemini Engineering (France) 

Ciena Corporation (U.S.)

Cisco Systems, Inc. (U.S.)

D-Link Corporation (Taiwan)

Fujitsu (Japan)

Huawei Technologies co., Ltd. (China)

NEC Corporation (Japan)

NXP Semiconductor (Netherlands)

Qualcomm Technologies Inc. (U.S.)

ZTE Corporation (China)

Telefonaktiebolaget LM Ericsson (Sweden)

Nokia (Finland)

SAMSUNG (South Korea)

Mavenir (U.S.)

Segments

5G Connectivity to Remain Dominant with Rising Demand for High Speed

In terms of connectivity, the market is segregated into 3G, 2G, 4G & LTE, 5G, and satellite. The 5G segment will grow at a robust rate due to rising demand for broader connections, high-speed, and low latency. Growing usage of smart devices will further propel the demand for 5G technology.

Macro-cell to be Sought-after to Boost IoT, Mobile Device Coverage

With respect to infrastructure, the market is segregated into small cell, mobile core, carrier Wi-Fi, macro-cells, SATCOM, Radio Access Network (RAN), Distributed Antenna System (DAS), cloud RAN, and backhaul. The macro-cells segment will observe a notable CAGR during the forecast period, largely due to the need to boost mobile device, smartphone, and IoT device coverage.

Government & Defense Sector to Exhibit Profound Demand with Rising Investments in Military Domain

On the basis of the platform, the market is classified into commercial and government & defense. The government & defense segment is further sub-divided into homeland security, defense, and government institutions/agencies. The government & defense segment will grow due to soaring investments in the military and maritime sectors.

Russia-Ukraine War Impact

Strong Demand for Wireless Services Expedites Production

Demand for advanced telecommunication equipment became pronounced following Russia’s invasion of Ukraine. European countries exhibited an exponential demand for advanced telecommunication equipment for navigation and military communication services. Prominently, demand for multi-platform anti-jamming antennas became noticeable to prevent intrusion and detection from enemies.

Report Coverage

The report offers a comprehensive perspective of the market size, share, revenue, and volume. It has deep-dived into SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the market. The primary interviews validate assumptions, findings, and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers, and journals.

Drivers and Restraints

Trend for IoT-based Electronic Devices to Drive Innovations

An exponential rise in data usage on defense vetronics and smartphones could spur the wireless infrastructure market share. Bullish demand for sensors, receivers, transmitters, and processors will augur well for the industry growth. To illustrate, in October 2021, COMSovereign collaborated with Total Network Solutions (TNS) to explore how blockchain technology could improve wireless network security in the U.S. Besides, soaring demand for advanced electronics devices in the aerospace and defense sector could expedite investments across the globe. However, prevailing concerns such as breaches of data privacy and network breach could impede the industry growth.

Regional Insights

North America to Provide Promising Opportunities with Presence of Leading Companies

The U.S. and Canada could witness investments galore in the wake of the growing expansion of 5G networks and infusion of funds into the military and defense sectors. Increased demand for satellite connections will spur the demand for autonomous vehicle infrastructure will bode well for the regional growth. Prominently, industrial automation could encourage leading companies to invest in North America.

Europe wireless infrastructure market growth will be pronounced with following the implementation of robust policies. Major companies, such as Deutsche Telekom, Ericsson, Inmarsat plc and Three UK, are expected to expedite investments in advanced wireless infrastructure solutions.

The Asia Pacific market outlook will be strong on the back of the expansion of smartphone users across China, India, and Australia. Wireless communication devices are expected to be sought-after as the demand for higher-speed and low latency continues to surge across the region. It is worth noting that the digitalization of the maritime and defense sector will bode well for regional growth.

Competitive Landscape

Major Players Emphasize Meeting High Bandwidth Demand to Boost Portfolios

Leading companies are expected to invest in organic and inorganic strategies, including product launches, mergers & acquisitions, technological advancements, and R&D activities. Besides, major companies could invest in innovations and product offerings in the ensuing period.

Key Industry Development

November 2021 - T-Mobile Polska rolled out Long-Haul 400GbE Service with Ciena to keep up with the demand for high bandwidth from cloud and data services applications.

[automotiveanddefense]

Aircraft Health Monitoring Market Comprehensive Analysis Forecast by 2033

According to Straits Research, the global Aircraft Health Monitoring Market size was valued at USD 6.44 billion in 2024. It is projected to grow from USD 6.84 billion in 2025 to USD 11.83 billion by 2033, with a projected CAGR of 6.31% over the forecast period (2025–2033). This growth signifies the increasing importance of real-time monitoring and predictive maintenance in ensuring the safety and efficiency of aircraft across both commercial and military aviation sectors.

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Market Key Trends

The Aircraft Health Monitoring Market is witnessing several transformative trends that are reshaping the future of the aviation industry. The increasing adoption of predictive maintenance and smart technology for managing aircraft health is one of the most prominent trends. Airlines and maintenance, repair, and overhaul (MRO) organizations are increasingly deploying integrated systems that can detect potential issues before they lead to costly and dangerous failures. The integration of artificial intelligence (AI) and machine learning (ML) technologies is enhancing diagnostic and prognostic capabilities, providing more accurate and timely insights.

Moreover, the adoption of IoT (Internet of Things) and big data analytics is enabling more efficient data collection, processing, and analysis. By providing real-time health data from aircraft systems, these technologies enhance operational decision-making, reduce downtime, and extend the lifecycle of critical components.

Driving Factors

Several key drivers are contributing to the expansion of the Aircraft Health Monitoring Market. The need to improve operational efficiency and reduce maintenance costs is a primary factor. Aircraft operators and maintenance providers are increasingly turning to health monitoring systems that can detect issues early, prevent unplanned downtime, and optimize maintenance schedules. This proactive approach is helping airlines lower operational costs while improving safety standards.

Furthermore, the increasing focus on aviation safety is a major driver for the market. Regulatory bodies around the world, such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA), are enforcing stricter safety regulations, which necessitate the implementation of advanced monitoring technologies. These systems ensure that aircraft meet safety compliance standards and mitigate the risks associated with in-flight failures.

The growing demand for sustainable aviation is also driving the market, with health monitoring systems helping airlines and operators to minimize their environmental impact. Efficiently managing aircraft components, reducing fuel consumption, and extending component lifecycles all contribute to sustainability goals in the aviation industry.

Opportunities

The Aircraft Health Monitoring Market is also poised to benefit from several emerging opportunities. With the expansion of electric and hybrid-electric aircraft, the need for specialized health monitoring solutions for these new types of aircraft will increase. These aircraft have different components and operational dynamics that require unique monitoring techniques to ensure their reliability.

Additionally, emerging markets such as Asia-Pacific, Latin America, and the Middle East present significant growth opportunities. As air travel increases in these regions, the demand for advanced health monitoring solutions will rise, creating opportunities for companies to enter new markets and expand their global presence.

The integration of 5G technology into aviation is another area ripe for innovation. With ultra-low latency and high-speed connectivity, 5G networks can provide even more real-time and reliable aircraft health data, creating new opportunities for next-generation monitoring systems.

Aircraft Health Monitoring Market Segmentation

The Aircraft Health Monitoring Market is segmented across several categories, each highlighting specific dynamics and opportunities within the industry.

By Type:

Commercial Aviation: This segment dominates the market due to the large number of commercial aircraft in operation and the increasing demand for flight safety, fuel efficiency, and reduced maintenance costs.

Military Aviation: Military aviation applications, including fighter jets, helicopters, and surveillance aircraft, require specialized health monitoring systems to ensure operational readiness in complex environments.

By Solution:

Hardware: Hardware solutions encompass sensors, monitors, and data acquisition systems that collect data from aircraft components.

Software: Software solutions analyze and interpret the health data collected by hardware, providing insights into aircraft condition and maintenance needs.

Services: Services include predictive analytics, maintenance support, and consultancy to enhance the efficiency and effectiveness of aircraft health monitoring.

By Technology:

Diagnostic: Focused on identifying existing problems and providing solutions for immediate resolution.

Prognostic: Focuses on predicting future issues before they occur, allowing for preventive maintenance.

Adaptive Control: Involves adjusting the aircraft’s operational parameters based on real-time data to enhance performance.

Prescriptive: Provides actionable recommendations to resolve detected issues or optimize performance.

By System:

Engine Health Monitoring: Focuses on tracking the condition of aircraft engines to avoid failure and optimize performance.

Structural Health Monitoring: Monitors the aircraft’s structure, including wings, fuselage, and tail, for potential damage or wear.

Component Health Monitoring: Tracks individual components, such as avionics and landing gear, ensuring they are in optimal condition.

By End-User:

OEM (Original Equipment Manufacturers): OEMs integrate health monitoring systems into new aircraft to enhance reliability and performance.

MRO (Maintenance, Repair, and Overhaul): MRO providers leverage health monitoring data to perform efficient maintenance and repair operations.

Airlines: Airlines utilize health monitoring systems to ensure the operational readiness and safety of their fleets while minimizing downtime and costs.

Market Segmentation: https://straitsresearch.com/report/aircraft-health-monitoring-market/segmentation

Key Players in the Aircraft Health Monitoring Market

Several leading companies are driving growth in the Aircraft Health Monitoring Market. These include:

Meggitt PLC

Teledyne Controls LLC

Rolls-Royce PLC

Raytheon Technologies Corporation

General Electric

Flyht Aerospace Solutions Ltd.

Airbus

The Boeing Company

RSL Electronics Ltd

Honeywell International Inc.

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[willyskristina]

System on Chip Market

System on Chip (SoC) Market Size, Share, Trends: Apple Inc. Leads

Integration of AI capabilities in SoCs revolutionizes device performance and functionality

Market Overview: 

The System on Chip (SoC) market is projected to grow at a CAGR of 8.7% from 2024 to 2031. The market value is expected to reach XX USD by 2024 and YY USD by 2031.

Asia-Pacific dominates the market, driven by the rapid adoption of IoT devices and increasing demand for smartphones. Key metrics include rising integration of AI in SoCs, growing demand for energy-efficient chips, and increasing investments in 5G technology.

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Market Dynamics: 

Integrating Artificial Intelligence (AI) capabilities into System on Chip (SoC) architectures is an important industry reshaping trend. This connection enables devices to do complicated activities more effectively, hence improving user experiences across several applications. For example, AI-powered SoCs in smartphones improve camera performance, battery life, and overall device intelligence.

Market Segmentation: 

The consumer electronics segment dominates the System on Chip market, owing to the increased usage of smartphones, tablets, and smart home devices. SoCs play an important role in these devices, providing great performance, energy efficiency, and small form factors.

Market Key Players:

Apple Inc.

Qualcomm Technologies, Inc.

Samsung Electronics Co., Ltd.

Intel Corporation

NVIDIA Corporation

Broadcom Inc.

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

[nithishkumble]

Photomask Market

Photomask Market Size, Share, Trends: Photronics, Inc. Leads

Growing demand for advanced semiconductor devices

Market Overview: 

The global photomask market is expected to grow at a 5.8% CAGR between 2024 and 2031. The market size is estimated to reach XX in 2024 and YY in 2031. Asia-Pacific dominates the market, accounting for around 60% of the worldwide market share. Key criteria include expanding demand for advanced semiconductor devices, increased use of flat panel displays, and increased investment in semiconductor manufacturing.

The photomask market is growing steadily, owing to reasons such as electronic device miniaturisation, increased complexity of integrated circuits (ICs), and rising demand for high-resolution displays. The development of improved photomask technologies, including extreme ultraviolet (EUV) lithography, as well as the growing use of multi-patterning techniques, are driving market expansion.

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Market Trends: 

The photomask market is seeing a considerable transition towards advanced semiconductor devices, including 5G smartphones, high-performance computing (HPC) systems, and the Internet of Things (IoT). The growing demand for these devices is driving the development of smaller, quicker, and more power-efficient semiconductor components, necessitating better photomask technologies.

According to recent market surveys, the demand for sophisticated photomasks, such as phase shift masks and EUV masks, has increased by 20% over the last three years, owing to the growing adoption of advanced semiconductor production techniques. Industry experts project that by 2030, advanced photomasks will account for more than 70% of the global photomask market as semiconductor makers continue to push the frontiers of device performance and functionality.

Market Segmentation: 

The phase shift mask sector dominates the photomask market, with more than 40% of the market share. Phase shift masks (PSMs) are advanced photomasks that use phase-shifting techniques to improve the clarity and contrast of projected images. PSMs are commonly utilised in the manufacture of high-performance semiconductor devices such as microprocessors and memory chips, where feature sizes are approaching the limits of conventional optical lithography.

According to industry experts, PSM income has grown at a 15% annual rate over the last five years, exceeding that of other photomask kinds. The key drivers of the PSM segment's growth are the increasing adoption of immersion lithography and the growing demand for sub-10 nm semiconductor devices.

Market Key Players:

Photronics, Inc.

Hoya Corporation

SK-Electronics Co., Ltd.

LG Innotek Co., Ltd.

Taiwan Mask Corporation

Nippon Filcon Co., Ltd.

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Outsourced Semiconductor Assembly and Test (OSAT) Market

Outsourced Semiconductor Assembly and Test (OSAT) Market Size, Share, Trends: ASE Technology Holding Co., Ltd. Leads

Adoption of advanced packaging technologies reshapes OSAT industry landscape

Market Overview: 

The Outsourced Semiconductor Assembly and Test (OSAT) market is projected to grow at a CAGR of 6.8% from 2024 to 2031. The market value is expected to reach XX USD by 2024 and YY USD by 2031.

Asia-Pacific dominates the market, driven by the presence of major OSAT companies and increasing semiconductor demand. Key metrics include rising adoption of advanced packaging technologies, growing demand for miniaturization, and increasing investments in 5G and IoT technologies.

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Market Dynamics: 

The introduction of improved packaging technology represents a significant advancement in the OSAT sector. As semiconductor devices become increasingly complicated and miniaturized, old packaging methods are being replaced by innovative approaches such as 2.5D and 3D IC packaging, fan-out wafer-level packaging (FOWLP), and system-in-package (SiP). These technologies provide improved performance, increased power efficiency, and reduced form factors.

Market Segmentation: 

Consumer electronics dominate the Outsourced Semiconductor Assembly and Test (OSAT) business, owing to the huge number of semiconductor packages required for smartphones, tablets, smart home devices, and wearables. Continuous innovation in consumer electronics, along with shorter product lifecycles, increases the need for smart packaging.

Market Key Players:

ASE Technology Holding Co., Ltd.

Amkor Technology, Inc.

JCET Group Co., Ltd.

Powertech Technology Inc.

UTAC Holdings Ltd.

Tianshui Huatian Technology Co., Ltd.

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Wireless Connectivity Market Set to Expand with Key Technological Advancements and Rising Demand Across Industries

Wireless Connectivity Market Opportunities, Size, Demand and Sales by 2032

The global Wireless Connectivity Market is undergoing rapid growth, with a projected valuation of USD 236.52 billion by 2032. The market, valued at USD 80.05 billion in 2023, is forecasted to expand from USD 90.29 billion in 2024, registering a compound annual growth rate (CAGR) of 12.8% during the forecast period from 2024 to 2032. This growth is attributed to the increasing demand for seamless, high-speed, and reliable wireless communication across multiple industries, driven by technological advancements and the rise of connected devices.

Catalysts for Expansion

Several key factors are fueling the expansion of the wireless connectivity market. The proliferation of Internet of Things (IoT) devices, the shift toward 5G networks, and the growing need for reliable wireless communication in sectors such as automotive, healthcare, and industrial automation are among the primary drivers. Additionally, advancements in technologies like Wi-Fi 6, Bluetooth 5.0, and ultra-wideband (UWB) are enhancing the performance, security, and coverage of wireless networks, making them more appealing to both businesses and consumers.

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The widespread adoption of wireless connectivity technologies is not only simplifying the digital transformation process for enterprises but also enabling smart homes, autonomous vehicles, and wearable health monitoring devices. As wireless technology continues to evolve, it is expected to revolutionize industries and enhance overall connectivity worldwide.

Wireless Connectivity Market Segment Breakdown

The wireless connectivity market is segmented by technology, network type, and end-user. Below is an overview of these segments:

By Technology:

Bluetooth: A major player in the short-range wireless communication space, especially for personal devices, wearables, and home automation.

Wi-Fi: Widely used for internet access, Wi-Fi is a core technology in both residential and commercial applications.

Ultra-Wide Band (UWB): A highly precise technology used in applications like indoor positioning systems and asset tracking.

Near Field Communication (NFC): Used for contactless payments and data exchange in consumer electronics and mobile devices.

Cellular: Essential for mobile communication, including 4G, 5G, and upcoming 6G technologies.

Zigbee: A low-power, short-range communication standard used in smart home devices and automation systems.

GPS: Integral for location tracking and navigation systems in automotive and mobile applications.

Others: Other emerging wireless technologies such as LoRaWAN and RFID.

By Network Type:

Wireless Wide Area Network (WWAN): Used for large-scale communication over long distances, including cellular networks.

Wireless Personal Area Network (WPAN): Focuses on short-range communication for personal devices like smartphones, wearables, and laptops.

Wireless Local Area Network (WLAN): Facilitates communication within a localized area, typically in office buildings, homes, or campuses.

By End-User:

Automotive and Transportation: Enabling smart vehicles, connected cars, and vehicle-to-everything (V2X) communication.

Building Automation: Powering smart buildings, energy-efficient lighting, and HVAC systems.

Consumer Electronics and Wearables: Providing wireless connectivity for gadgets such as smartphones, laptops, smartwatches, and fitness trackers.

Energy and Utilities: Supporting smart grids, remote monitoring, and energy-efficient systems.

Healthcare: Enabling telemedicine, remote patient monitoring, and medical device connectivity.

Industrial: Supporting automation, predictive maintenance, and industrial IoT (IIoT) applications.

IT and Telecom: Essential for data transmission and communication infrastructure.

Others: Other sectors such as retail and logistics are also seeing increasing wireless connectivity adoption.Market Segmentation with Insights-Driven Strategy Guide: https://straitsresearch.com/report/wireless-connectivity-market/segmentation

Top Performing Companies in the Wireless Connectivity Market

Several companies are leading the charge in the wireless connectivity market, each contributing to innovation and expansion across various technologies. Among the top-performing companies are:

Intel Corporation

Qualcomm Inc.

NXP Semiconductors N.V.

STMicroelectronics

Texas Instruments Inc.

Microchip Technology Inc.

MediaTek Inc.

Cypress Semiconductor Corporation

Broadcom Inc.

EnOcean GmbH

NEXCOM International Co. Ltd.

Skyworks Solutions Inc.

Murata Manufacturing Co. Ltd.

Marvell Technology Group

These companies play a crucial role in developing and providing cutting-edge wireless connectivity solutions, from chipsets and semiconductors to complete communication modules and systems. Their ongoing innovations in areas like 5G, Wi-Fi 6, and Bluetooth technologies ensure the continued growth and transformation of the market.

Emerging Prospects in Wireless Connectivity

As the demand for wireless connectivity intensifies, several emerging prospects are reshaping the industry landscape. Notably, the rollout of 5G technology is expected to provide faster, more reliable connectivity, fostering the growth of IoT and enabling new applications in areas such as autonomous vehicles, augmented reality (AR), and virtual reality (VR). Moreover, the rise of edge computing and cloud-based applications is generating a need for more efficient and scalable wireless infrastructure.

The increasing popularity of smart homes and smart cities is also driving wireless connectivity solutions, creating opportunities for businesses that offer seamless, secure, and high-speed connections. Furthermore, industries like healthcare and manufacturing are increasingly adopting wireless technologies for remote monitoring, automation, and data exchange, opening new avenues for growth.

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Industry Movements

The wireless connectivity market is witnessing significant industry movements, including strategic partnerships, mergers and acquisitions, and new product launches. For instance, the ongoing development of Wi-Fi 6 and Wi-Fi 6E technologies is enhancing network capacity and reducing latency, creating opportunities for businesses to provide high-performance solutions. Additionally, the integration of AI and machine learning with wireless communication systems is enabling smarter, more adaptive networks that can better handle the increasing volume of connected devices.

Geographic Analysis

Geographically, North America and Europe are dominant markets for wireless connectivity, driven by advanced infrastructure, early adoption of new technologies, and strong demand from end-user industries like automotive, healthcare, and IT. However, the Asia-Pacific region is expected to witness the highest growth during the forecast period, fueled by rapid industrialization, the rise of smart cities, and the growing adoption of IoT devices.

Data Insights

Straits Research provides comprehensive insights into the wireless connectivity market, including data on current trends, opportunities, and challenges facing the industry. The data reflects key developments and market dynamics, helping businesses and stakeholders make informed decisions about market expansion and innovation.

Table of Contents for the Wireless Connectivity Market Report: https://straitsresearch.com/report/wireless-connectivity-market/toc

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