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India 5G Industrial IoT Market

ID: MRFR/ICT/56744-HCR
200 Pages
Aarti Dhapte
October 2025

India 5G Industrial IoT Market Research Report By Component (Hardware, Solution, Service), By Organization Size (Large Enterprise, Small & Medium Enterprise) and By Application (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-time Workforce Tracking & Management, Automation Control & Management, Emergency)-Forecast to 2035

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India 5G Industrial IoT Market Summary

As per MRFR analysis, the 5G Industrial-IoT market size was estimated at $41.73 Billion in 2024. The 5g industrial-iot market is projected to grow from 44.52 $ Billion in 2025 to 85.17 $ Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 6.7% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The India 5G industrial-IoT market is poised for substantial growth driven by technological advancements and increasing demand for automation.

  • The market is witnessing increased adoption of smart manufacturing practices across various industries.
  • Enhanced connectivity for remote operations is becoming a critical factor in optimizing industrial processes.
  • There is a growing focus on sustainability and energy efficiency, influencing investment decisions in the sector.
  • Government initiatives and policies, along with rising demand for automation, are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 41.73 (USD Billion)
2035 Market Size 85.17 (USD Billion)
CAGR (2025 - 2035) 6.7%

Major Players

Ericsson (SE), Nokia (FI), Huawei (CN), Qualcomm (US), Cisco (US), Samsung (KR), Intel (US), Siemens (DE), GE (US)

India 5G Industrial IoT Market Trends

The 5g industrial-iot market is currently experiencing a transformative phase, driven by advancements in connectivity and automation technologies. As industries increasingly adopt smart solutions, the demand for high-speed, low-latency communication is becoming paramount. This market is characterized by a growing emphasis on enhancing operational efficiency, reducing downtime, and improving overall productivity. The integration of 5g technology into industrial applications is facilitating real-time data exchange, which is crucial for decision-making processes. Furthermore, the rise of smart factories and connected devices is reshaping traditional manufacturing paradigms, leading to more agile and responsive production systems. In addition, the regulatory environment is evolving to support the deployment of 5g infrastructure, which is likely to bolster investments in the sector. Government initiatives aimed at promoting digital transformation across various industries are also contributing to the expansion of the 5g industrial-iot market. As organizations seek to leverage the benefits of this technology, partnerships between telecom providers and industrial players are becoming increasingly common. This collaborative approach is expected to drive innovation and create new business models, ultimately enhancing the competitive landscape of the market.

Increased Adoption of Smart Manufacturing

The trend towards smart manufacturing is gaining momentum, as industries recognize the potential of 5g technology to enhance production processes. By enabling real-time monitoring and control, manufacturers can optimize operations and reduce waste. This shift is likely to lead to more efficient supply chains and improved product quality.

Enhanced Connectivity for Remote Operations

5g technology is facilitating enhanced connectivity for remote operations, allowing businesses to manage assets and processes from afar. This capability is particularly beneficial for industries such as mining and oil and gas, where operations often occur in remote locations. The ability to monitor and control equipment remotely can lead to significant cost savings.

Focus on Sustainability and Energy Efficiency

There is a growing emphasis on sustainability within the 5g industrial-iot market, as companies seek to reduce their environmental impact. The integration of smart technologies can lead to more energy-efficient operations, minimizing waste and lowering carbon footprints. This trend aligns with global efforts to promote sustainable industrial practices.

India 5G Industrial IoT Market Drivers

Emergence of Smart Cities

The development of smart cities in India is creating a substantial demand for the 5g industrial-iot market. As urbanization accelerates, cities are increasingly adopting IoT solutions to manage resources efficiently and improve the quality of life for residents. The Indian government has launched several smart city initiatives, with an investment of approximately $1.5 billion aimed at enhancing urban infrastructure. These initiatives often incorporate 5g technology to facilitate real-time monitoring and management of city services, such as traffic control, waste management, and energy distribution. The integration of 5g in smart city projects is expected to drive the growth of the 5g industrial-iot market, as it enables seamless connectivity and data exchange among various urban systems.

Rising Demand for Automation

The increasing demand for automation in various industries is a key driver for the 5g industrial-iot market. As companies strive to enhance operational efficiency and reduce costs, the integration of IoT devices and 5g connectivity becomes essential. Industries such as manufacturing, logistics, and agriculture are witnessing a shift towards automated processes, which require real-time data exchange and communication. According to industry estimates, the automation market in India is projected to grow at a CAGR of 15% over the next five years. This growth is likely to propel the adoption of 5g technologies, as they provide the necessary bandwidth and low latency required for effective automation, thereby significantly impacting the 5g industrial-iot market.

Increased Focus on Data Security

As the 5g industrial-iot market expands, the focus on data security is becoming increasingly critical. With the proliferation of connected devices, industries are recognizing the need to protect sensitive information from cyber threats. The Indian government has introduced stringent regulations to ensure data privacy and security, which is likely to influence the adoption of 5g technologies. Companies are investing in advanced security solutions to safeguard their IoT networks, which could potentially lead to a market growth of around 20% in cybersecurity solutions for IoT by 2026. This heightened emphasis on security is expected to bolster the 5g industrial-iot market, as businesses seek to implement secure and reliable IoT systems.

Government Initiatives and Policies

The Indian government has been actively promoting the adoption of advanced technologies, including the 5g industrial-iot market, through various initiatives and policies. Programs such as 'Digital India' and 'Make in India' aim to enhance the manufacturing sector's competitiveness by integrating cutting-edge technologies. The government has allocated substantial funding, estimated at over $1 billion, to support the development of 5g infrastructure. This financial backing is expected to facilitate the deployment of 5g networks across industrial sectors, thereby accelerating the growth of the 5g industrial-iot market. Furthermore, regulatory frameworks are being established to ensure seamless integration of IoT devices, which could potentially lead to a more robust industrial ecosystem in India.

Advancements in Industrial Applications

Technological advancements in industrial applications are driving the growth of the 5g industrial-iot market. Industries are increasingly leveraging IoT solutions for predictive maintenance, supply chain optimization, and real-time monitoring. The integration of 5g technology enhances these applications by providing faster data transmission and improved connectivity. For instance, the manufacturing sector is expected to see a 30% increase in productivity through the adoption of IoT and 5g technologies. This trend indicates a strong potential for growth in the 5g industrial-iot market, as businesses recognize the value of real-time data analytics and automation in enhancing operational efficiency.

Market Segment Insights

By Component: Hardware (Largest) vs. Service (Fastest-Growing)

In the India 5g industrial-iot market, the component segment comprises hardware, solution, and service. The hardware segment currently dominates the market, holding a significant share as industries increasingly adopt advanced IoT devices. Meanwhile, the service component is rapidly gaining traction as businesses prioritize operational efficiency and seek skilled partners for implementation and maintenance. The growth trends within this segment are driven by the increased demand for smart manufacturing, automation, and real-time data analytics. Hardware is bolstered by innovations in IoT technology that enhance connectivity and performance. Conversely, the service segment is experiencing a surge as organizations look to leverage specialized expertise to accelerate their digital transformation journeys, making it the fastest-growing area in the segment.

Hardware (Dominant) vs. Service (Emerging)

The hardware segment is the dominant force in the component category, characterized by a wide array of devices including sensors, gateways, and connectivity modules. These components are essential for the seamless integration of IoT applications across various industries. Hardware investments are critical for ensuring reliability and scalability in operations. On the other hand, the service segment is emerging as a crucial player, providing essential support such as installation, maintenance, and consultancy. As companies increasingly outsource these functions, the service sector's growth is fueled by its ability to enhance operational efficiencies and user adoption. Together, these segments contribute significantly to shaping the landscape of the India 5g industrial-iot market.

By Organization Size: Large Enterprise (Largest) vs. Small & Medium Enterprise (Fastest-Growing)

In the segment of organization size within the India 5g industrial-iot market, large enterprises hold a significant portion of the market share. Their established infrastructure, financial capability, and extensive resources enable them to invest in and leverage advanced technologies of industrial IoT, including 5G connectivity. Consequently, they secure a dominant position in terms of revenue and influence within the market. In contrast, small and medium enterprises (SMEs) are emerging robustly, quickly adapting to the advancements in technology as they seek to enhance operational efficiency and drive innovation. Their growing needs for digitization and automation contribute to an increasing share within the segment. The growth trends for the organization size segment are indicative of a dynamic market landscape. Large enterprises are fostering partnerships and investing in smart technologies to improve their operational frameworks, often leading the way in adopting 5G solutions to optimize their supply chains and enhance connectivity. Meanwhile, small and medium enterprises are the fastest-growing segment, spurred by favorable government policies, availability of funding, and an increasing trend toward digital transformation. This growing interest in 5G-enabled solutions among SMEs is anticipated to reshape the market in innovative ways as these organizations continue to evolve in the digital era.

Large Enterprise: Dominant vs. Small & Medium Enterprise: Emerging

Large enterprises in the India 5g industrial-iot market are characterized by their robust organizational structures, substantial investment capabilities, and established technological ecosystems. These organizations typically operate at scale, allowing them to implement advanced IoT solutions that leverage 5G connectivity for enhanced operational efficiency and competitive advantage. In contrast, small and medium enterprises represent an emerging segment that is rapidly adopting 5G technologies as they strive to innovate and transform their business processes. SMEs are often more agile and adaptable, enabling them to quickly implement new technologies and respond to market changes, thereby contributing significantly to the growth of the industrial IoT landscape. Their increasing role reflects a critical shift towards digitization that is reshaping how industries operate.

By Application: Asset Tracking & Management (Largest) vs. Predictive Maintenance (Fastest-Growing)

The India 5g industrial-iot market reveals a diverse application landscape, with Asset Tracking & Management holding the largest market share. Other significant segments include Predictive Maintenance and Business Process Optimization, which also demonstrate substantial market presence. As industries evolve, the need for advanced tracking solutions is becoming increasingly critical, especially in sectors such as logistics and transportation. Each segment brings unique value propositions, driving adaptation and innovation across various industrial applications. Growth trends indicate that Predictive Maintenance is the fastest-growing application within the market, driven by the rising adoption of IoT devices and data analytics. Organizations are increasingly recognizing the value of minimizing downtime and optimizing operational efficiency. Additionally, the push towards Industry 4.0 and smart manufacturing initiatives are creating opportunities for automation and real-time monitoring, further propelling this segment's expansion. The convergence of these technologies is expected to shape the future of operations, making these applications fundamental to business success.

Asset Tracking & Management (Dominant) vs. Predictive Maintenance (Emerging)

Asset Tracking & Management is recognized as the dominant application in the India 5g industrial-iot market, playing a pivotal role in improving operational visibility and resource efficiency. This segment encompasses various technologies, including GPS tracking and RFID systems, which enable businesses to monitor assets in real time, reducing losses and enhancing logistics performance. Conversely, Predictive Maintenance is emerging rapidly due to the proliferation of IoT sensors and advanced analytics, allowing businesses to predict equipment failures before they occur. By leveraging predictive algorithms, organizations can reduce operational costs and improve equipment lifespan. Both segments are crucial as they address key operational challenges, but their focus varies; while Asset Tracking enhances accountability and visibility, Predictive Maintenance emphasizes operational efficiency and proactive management.

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Key Players and Competitive Insights

The 5g industrial-iot market in India is characterized by a rapidly evolving competitive landscape, driven by technological advancements and increasing demand for connectivity solutions across various sectors. Key players such as Ericsson (SE), Nokia (FI), and Huawei (CN) are strategically positioned to leverage their extensive portfolios in telecommunications and IoT solutions. These companies focus on innovation and partnerships to enhance their offerings, thereby shaping a competitive environment that emphasizes technological superiority and customer-centric solutions.

In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market appears moderately fragmented, with several players vying for market share. However, the collective influence of major companies like Qualcomm (US) and Cisco (US) is notable, as they drive competitive dynamics through strategic collaborations and technological advancements.

In October 2025, Ericsson (SE) announced a partnership with a leading Indian manufacturing firm to develop a localized 5g industrial-iot solution tailored for the automotive sector. This strategic move is significant as it not only enhances Ericsson's market presence but also aligns with India's push for self-reliance in technology. By localizing production, Ericsson aims to reduce costs and improve service delivery, thereby strengthening its competitive position.

In September 2025, Nokia (FI) launched a new 5g private wireless network solution specifically designed for the Indian logistics sector. This initiative is crucial as it addresses the growing need for reliable connectivity in supply chain operations. By focusing on vertical-specific solutions, Nokia is likely to enhance its appeal to businesses seeking to optimize their logistics processes through advanced IoT applications.

In August 2025, Huawei (CN) expanded its research and development capabilities in India by establishing a new innovation center dedicated to 5g and IoT technologies. This expansion underscores Huawei's commitment to the Indian market and its strategy to foster local talent and innovation. By investing in R&D, Huawei aims to develop cutting-edge solutions that cater to the unique needs of Indian industries, potentially positioning itself as a leader in the 5g industrial-iot space.

As of November 2025, current trends in the competitive landscape include a strong emphasis on digitalization, sustainability, and the integration of artificial intelligence (AI) into IoT solutions. Strategic alliances among key players are shaping the market, fostering innovation and enhancing service offerings. Looking ahead, competitive differentiation is expected to evolve, with a shift from price-based competition to a focus on technological innovation and supply chain reliability. Companies that can effectively harness these trends are likely to secure a competitive edge in the dynamic 5g industrial-iot market.

Key Companies in the India 5G Industrial IoT Market market include

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.

 

Future Outlook

India 5G Industrial IoT Market Future Outlook

The 5G industrial-IoT market in India is poised for growth at 6.7% CAGR from 2024 to 2035, driven by advancements in connectivity, automation, and data analytics.

New opportunities lie in:

  • Development of smart manufacturing solutions leveraging real-time data analytics.
  • Implementation of predictive maintenance systems to reduce downtime and costs.
  • Expansion of IoT-enabled supply chain management platforms for enhanced efficiency.

By 2035, the market is expected to achieve substantial growth, driven by innovative applications and increased adoption.

Market Segmentation

India 5G Industrial IoT Market Component Outlook

  • Hardware
  • Solution
  • Service

India 5G Industrial IoT Market Application Outlook

  • Predictive Maintenance
  • Business Process Optimization
  • Asset Tracking & Management
  • Logistics & Supply Chain Management
  • Real-time Workforce Tracking & Management
  • Automation Control & Management
  • Emergency
  • Incident Management & Business Communication

India 5G Industrial IoT Market Organization Size Outlook

  • Large Enterprise
  • Small & Medium Enterprise

Report Scope

MARKET SIZE 2024 41.73(USD Billion)
MARKET SIZE 2025 44.52(USD Billion)
MARKET SIZE 2035 85.17(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 6.7% (2024 - 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 Ericsson (SE), Nokia (FI), Huawei (CN), Qualcomm (US), Cisco (US), Samsung (KR), Intel (US), Siemens (DE), GE (US)
Segments Covered Component, Organization Size, Application
Key Market Opportunities Integration of advanced automation and real-time data analytics in the 5g industrial-iot market.
Key Market Dynamics Rapid technological advancements and regulatory support drive growth in the 5G industrial-IoT market.
Countries Covered India

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FAQs

What is the expected market size of the India 5G Industrial IoT Market in 2024?

The India 5G Industrial IoT Market is expected to be valued at 33.38 USD Billion in 2024.

What will be the market size of the India 5G Industrial IoT Market by 2035?

By 2035, the market is projected to reach a value of 66.03 USD Billion.

What is the expected CAGR for the India 5G Industrial IoT Market from 2025 to 2035?

The market is anticipated to grow at a CAGR of 6.397% during the period from 2025 to 2035.

Which component segment is forecasted to generate the highest revenue in 2035?

The Solution segment is expected to generate 24.0 USD Billion in revenue by 2035.

What is the projected revenue for the Hardware component in the India 5G Industrial IoT Market by 2035?

The Hardware segment is expected to reach 20.0 USD Billion in revenue by 2035.

Who are the major players in the India 5G Industrial IoT Market?

Key players include Qualcomm, Reliance Industries, Samsung Electronics, Wipro, and Infosys, among others.

What is the expected revenue for the Service component in 2024?

The Service component is expected to generate a revenue of 11.38 USD Billion in 2024.

Which regions are expected to see significant growth in the India 5G Industrial IoT Market?

The entire India market is poised for significant growth as 5G technology continues to expand nationwide.

What are the key growth drivers for the India 5G Industrial IoT Market?

Key growth drivers include advancements in technology and increasing demand for high-speed connectivity in industries.

What are the expected challenges facing the India 5G Industrial IoT Market in the coming years?

Challenges may include the high infrastructure costs and regulatory hurdles that could impact market growth.

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