China's 5G IoT market is anticipated to grow significantly at a CAGR of 43.5% over the forecast period. China 5G market is segmented based on components, networks, and the end-user industry. Based on the components, the market is segmented as hardware, platform, connectivity, and services. Based on the network, the market is segmented into 5G standalone, and 5G non-standalone. The 5G Standalone network segment of the market is estimated to hold a lucrative share in the market. Apart from it, based on the end-user industry, the market is classified into BFSI, manufacturing, healthcare, energy and utilities, automotive and transportation, government and defense, residential, and others.
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In April 2020, Fibocom Wireless Inc, a leading provider of cellular embedded wireless module solutions for the Internet of Things (IoT), has announced that its 5G modules, the FG150 and FM150, have completed the first data call and end-to-end data transmission services on China Mobile's Standalone-Structured 5G network. The download speed is more than 100Mbps. Fibocom's FG150 and FM150 5G modules are the first in China to offer data transmission services over the SA-structured 5G network, based on Qualcomm's SDX55 platform (Snapdragon 5G modem). This is yet another significant milestone in the industry's 5G module R&D.
Besides, in the first quarter of 2020, China's three major operators indicated that they plan to invest more than 180 billion RMB ($25.5 billion) in 5G infrastructure building this year, with more than 550,000 new base stations being installed, primarily for SA investment. For connection between IoT endpoints and base stations, wireless modules are required. Fibocom's completion of the first data call on the SA-structured 5G network is a significant step toward realizing all three 5G capabilities (eMBB, uRLLC, and mMTC) in industry IoT and aids in the rapid deployment of 5G industry applications on a broad scale. Thus, the advanced network used such as 5G standalone by the major players for data transmission and technological advancements in every industry, is to propel the growth of the market during the forecast period.
China 5G IoT Market – Segmentation
By Components
- Hardware
- Platform
- Connectivity
- Services
o Professional Services
o Managed Services
By Network
- 5G Standalone
- 5G Non-Standalone
By End-User Industry
- BFSI
- Manufacturing
- Healthcare
- Energy and Utilities
- Automotive and Transportation
- Government and Defense
- Residential
- Others End-User (Smart Building, Agriculture, and Education)
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Company Profiles
· Fibocom Wireless Inc.
· KPMG Huazhen LLP
· Neoway Technology Co. LTD.
· Quectel Wireless Solutions Co., Ltd.
· Sunway Communication Co., Ltd
· Tongyu Communication Inc.
· VeriSilicon Microelectronics (Shanghai) Co., Ltd.
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