5G IoT Market in India 2024-2028

5G IoT Market in India 2024-2028

5G IoT is a subset of the cellular IoT market where devices leverage 5G networks for communication. The 5G IoT market primarily caters to applications requiring higher bandwidth, lower latency, and increased reliability.

While 5G technology is still in the process of being defined, it is anticipated to experience rapid growth, given its ability to cater to various applications, including industrial automation, healthcare, and the automobile sector.

Market overview:

In 2022 and early 2023, 5G network coverage in India was limited and was primarily confined to pilot projects and specific use cases.

Before the formal 5G roll-out in October 2022, telecom operators and government agencies were engaged in 5G trials and pilot projects across key sectors such as manufacturing, healthcare, and smart cities.

Despite the restricted availability of 5G, the demand for IoT solutions witnessed high growth across India throughout 2023.

Market driver:

Smart manufacturing deploys internet-connected machinery to monitor production processes. The Industrial Internet of Things (IIOT) is a subset of IoT and refers to a network of connected devices in the industrial sector. IIOT includes sensors that are used in machines for data analysis.

IoT solutions for the manufacturing industry include supply chain optimization, predictive maintenance, and energy management. During the forecast period, the manufacturing, education, and healthcare industries are expected to witness heavy investments in IoT in the country. This will drive the demand for devices’ consistent and less latent connectivity to the internet.

Key use case:

5G-driven IoT solutions drive the growth of smart cities in India. These smart cities utilize 5G and IoT to create and deliver connected solutions. The implementation of 5G IoT provides opportunities for traffic monitoring, intelligent transportation, grid automation, and monitoring air quality.

While pilot initiatives to assess the readiness of cities to implement 5G indicate progress, widespread 5G adoption in Indian cities is still in its early stages.

In July 2022, the Telecom Regulatory Authority of India (TRAI) conducted a 5G small cell test in Bhopal for the use of 5G for traffic signal poles, street light poles, smart poles, direction boards, billboards, road signage, and foot overbridges and city bus shelters. During the same period, similar tests were also conducted at Namma Metro station in Bengaluru, Kandla Port in Gujarat, and the GMR International Airport in Hyderabad