5G IoT Chip Market size is estimated to be USD 10.5 Billion in 2024 and is expected to reach USD 48.5 Billion by 2033 at a CAGR of 18.8% from 2026 to 2033.
The 5G IoT chip market is experiencing substantial growth, driven by the increasing deployment of 5G networks and the rising demand for connected devices across various industries. In 2022, the global IoT chips market was valued at approximately USD 432 billion and is projected to reach USD 1.7 trillion by 2032, growing at a compound annual growth rate (CAGR) of 14.3% from 2023 to 2032. This growth is fueled by the enhanced capabilities of 5G technology, such as higher data speeds and lower latency, which are essential for advanced IoT applications. The industrial sector, in particular, is witnessing rapid adoption of 5G IoT solutions to support smart manufacturing and automation processes. For instance, the 5G Industrial IoT market size was valued at USD 2.51 billion in 2023 and is expected to grow to USD 42.55 billion by 2032, achieving a CAGR of 36.97% over the forecast period.
Regionally, the Asia Pacific (APAC) area is emerging as a significant player in the 5G IoT chip market, driven by countries like China, Japan, and South Korea. These nations are investing heavily in 5G infrastructure and smart city projects, leading to increased adoption of IoT devices. The APAC regions dominance is attributed to its size, diversity, and the strategic lead taken by these countries in embracing technologies such as edge computing and blockchain. In North America, the United States is at the forefront, with major telecommunications companies rolling out 5G services across multiple cities, thereby fostering the growth of IoT applications in sectors like healthcare, automotive, and industrial automation. Europe is also witnessing steady growth, with countries like Germany and the UK focusing on integrating 5G IoT solutions into their manufacturing and energy sectors to enhance operational efficiency and productivity.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 5G IoT Chip Market
Smart Homes
Connected Vehicles
Industrial Automation
Healthcare
Retail
Agriculture
5G NR (New Radio)
5G NR-U (New Radio Unlicensed)
5G mmWave
Sub-6 GHz
Telecommunications
Automotive
Healthcare
Agriculture
Manufacturing
Retail
Chipsets
Modules
Sensors
Antennas
Smartphones
Wearables
Connected Cars
Smart Appliances
Industrial IoT Devices
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 5G IoT Chip Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 5G IoT Chip Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 5G IoT Chip Market, By Type
6. Global 5G IoT Chip Market, By Application
7. Global 5G IoT Chip Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global 5G IoT Chip Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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