49 million 5G connections are expected in manufacturing and industrial premises worldwide by 2030, generating USD 2.4 billion in revenue for connection suppliers by 2030.
In the Private Wireless in Manufacturing market update report, ABI Research highlights the importance of 5G private networks in industrial operations, especially regarding automation, robotics, and 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,” the report states.
Even though AB the potential of 5G private networks in manufacturing is recognized in the report, it is stated that “a lack of 5G industrial devices has stalled manufacturers' interest in 5G private wireless […] has discouraged hardware suppliers from creating the necessary devices.” This is one of many gaps that CTHINGS.CO fulfills by developing and manufacturing 5G devices specifically to enable a myriad of industrial use cases.
Our flexible and agile Orchestra solution allows for easy orchestration and control of all IoT devices and applications, whereas our reliable CLASP solution ensures secure data collection and remote management of thousands of assets distributed across many facilities.
As consumers become more educated about the benefits of 5G private networks, the demand for 5G industrial devices will only increase in the upcoming years.