The Europe Industrial 5G Market is expected to witness market growth of 26.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Industrial 5G Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $9.33 billion by 2031. The UK market is exhibiting a CAGR of 25.4% during 2024-2031. Additionally, the France market would experience a CAGR of 27.6% during 2024-2031.
This enables comprehensive tracking of goods in transit through IoT devices and sensors embedded in packages and shipping containers. Real-time monitoring allows businesses to respond instantly to disruptions, improving logistics efficiency and enhancing customer satisfaction. They supports smart grid technologies that manage and optimize energy distribution in the energy sector in real time.
Furthermore, this facilitates the operation of autonomous drones for various applications, including agricultural monitoring, infrastructure inspection, and delivery services. Drones can operate collaboratively in swarms, enhancing efficiency in crop monitoring and site surveys while enabling advanced data collection. This can connect equipment and vehicles in the mining sector for enhanced operational efficiency and safety.
The growth of high-tech electronics production in Europe significantly impacts this market, as evidenced by recent data from Eurostat. In 2022, the sold production of high-tech products in the European Union reached €355 billion, marking a notable 10.2% increase from €322 billion in 2021. This upward trend highlights a broader shift towards advanced manufacturing and innovation within the region. In conclusion, the remarkable growth of high-tech electronics production in Europe signals a thriving manufacturing sector and catalyzes the expansion of this market. As manufacturers embrace advanced technologies and smart practices, the demand for robust 5G networks will continue to grow, positioning both sectors for significant advancement in the coming years. This synergy between high-tech production and Industrial 5G presents a promising landscape for innovation, investment, and sustainable growth in the European economy.
The Germany market dominated the Europe Industrial 5G Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $9.33 billion by 2031. The UK market is exhibiting a CAGR of 25.4% during 2024-2031. Additionally, the France market would experience a CAGR of 27.6% during 2024-2031.
This enables comprehensive tracking of goods in transit through IoT devices and sensors embedded in packages and shipping containers. Real-time monitoring allows businesses to respond instantly to disruptions, improving logistics efficiency and enhancing customer satisfaction. They supports smart grid technologies that manage and optimize energy distribution in the energy sector in real time.
Furthermore, this facilitates the operation of autonomous drones for various applications, including agricultural monitoring, infrastructure inspection, and delivery services. Drones can operate collaboratively in swarms, enhancing efficiency in crop monitoring and site surveys while enabling advanced data collection. This can connect equipment and vehicles in the mining sector for enhanced operational efficiency and safety.
The growth of high-tech electronics production in Europe significantly impacts this market, as evidenced by recent data from Eurostat. In 2022, the sold production of high-tech products in the European Union reached €355 billion, marking a notable 10.2% increase from €322 billion in 2021. This upward trend highlights a broader shift towards advanced manufacturing and innovation within the region. In conclusion, the remarkable growth of high-tech electronics production in Europe signals a thriving manufacturing sector and catalyzes the expansion of this market. As manufacturers embrace advanced technologies and smart practices, the demand for robust 5G networks will continue to grow, positioning both sectors for significant advancement in the coming years. This synergy between high-tech production and Industrial 5G presents a promising landscape for innovation, investment, and sustainable growth in the European economy.
List of Key Companies Profiled
- AT&T Inc.
- Ericsson AB
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- NEC Corporation
- Nokia Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Samsung Electronics Co., Ltd. (Samsung Group)
- ZTE Corporation
- Siemens AG
- Robert Bosch GmbH
Market Report Segmentation
By End User- Discrete Industries
- Automotive & Transportation
- Industrial Machinery & Heavy Equipment
- High-Tech & Consumer Electronics
- Consumer Electronic Devices
- Laptops, Mobile Devices & PCs
- Wearables
- Televisions
- Other Consumer Electronic Devices Types
- Semiconductor & IT Equipment
- Consumer Electronic Devices
- Aerospace & Defense
- Other Discrete Industries Type
- Process Industries
- Large Enterprises
- SMEs
- Hardware
- Software
- Services
- URLLC
- eMBB
- MMTC
- FWA
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Industrial 5G Market by End User
Chapter 6. Europe Industrial 5G Market by Enterprise Size
Chapter 7. Europe Industrial 5G Market by Offering
Chapter 8. Europe Industrial 5G Market by Communication Type
Chapter 9. Europe Industrial 5G Market by Country
Chapter 10. Company Profiles
Companies Mentioned
Some of the key companies profiled in this Europe Industrial 5G Market include:- AT&T Inc.
- Ericsson AB
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- NEC Corporation
- Nokia Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Samsung Electronics Co., Ltd. (Samsung Group)
- ZTE Corporation
- Siemens AG
- Robert Bosch GmbH
Methodology
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