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Home Technology Devices

49 million 5G connections to bring US$2.4 billion in connection revenues

FutureIoT Editors by FutureIoT Editors
August 20, 2022
Photo by Los Muertos Crew: https://www.pexels.com/photo/tequila-produced-in-distillery-10039997/

Photo by Los Muertos Crew: https://www.pexels.com/photo/tequila-produced-in-distillery-10039997/

Network upgrades can underpin the efforts of manufacturers to automate quality assurance (QA) processes, deploy Autonomous Mobile Robots (AMRs) inside the facility, and upskill employees using Augmented Reality.

Lower latency and support for Time-Sensitive Networking (TSN) afforded by a 5G network can further enable wireless process automation for robotics use cases and increase bandwidth support for data-heavy applications, such as video analytics.

ABI Research predicts that in 2030, manufacturing and industrial firms globally will have more than 49 million 5G connections inside their facilities. This will generate US$2.4 billion in global connections revenue for suppliers.

Michael Larner

Michael Larner, industrial and manufacturing research director at ABI Research, says progressive advancements to network performance (from Wi-Fi to Long Term Evolution (LTE), and from LTE to 5G) can underpin improvements to customers’ operations.

“But to maximise the benefits to their operations, customers will need to invest in ancillary technologies, such as edge networking, data management, and data analytics, to accelerate data collection and create a digital thread,” he added.

Hurdles ahead

However, a lack of 5G industrial devices has stalled manufacturers’ interest in 5G private wireless. In turn, the lack of enthusiasm has discouraged hardware suppliers from creating the necessary devices.

As a result of the state of flux, equipment vendors, such as Nokia, have launched converged devices supporting Wi-Fi, LTE, and 5G connectivity.

Suppliers need to showcase the attributes of a 5G network and prove how a 5G network can upgrade operations.

“The lack of 5G devices is a genuine drag on adoption, but suppliers (telcos such as Nokia, Ericsson, NTT), Information Technology (IT) providers (HPE, DXC, Dell Technologies), Operational Technology (OT) specialists (Bosch, Siemens, Honeywell) and System Integrators (SIs) such as Accenture and Deloitte) should be working with prospective customers to educate them today about 5G’s potential,” Larner cautioned.

Related:  Manufacturers’ call to action: Invest in insights to enhance decision-making
Tags: 5G industrial devicesABI ResearchLTEtime-sensitive networking (TSN)
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Asia’s ONLY dedicated IoT publication

The race to harness the power of Internet of Things (IoT) is here. FutureIoT is dedicated to individuals, as well as public and private organizations looking to tap the potential of IoT to transform the way we live, work and do business. FutureIoT is the dedicated media that provides the single source of truth about IoT, the technology, its application and regulation, originating from Asia. << Read more >>

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PodChats for FutureIoT: Changing the future of global supply chains

PodChats for FutureIoT: Changing the future of global supply chains

January 26, 2023
Photo by Mikhail Nilov: https://www.pexels.com/photo/a-person-in-latex-gloves-holding-a-glucometer-device-8669879/

Healthcare and smart city services to lead 5G IoT adoption

January 25, 2023
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