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Asia Pacific Industrial Iot Market

Asia Pacific Industrial Iot Market

Asia Pacific Industrial IoT (IIoT) Market, By Type (Hardware, Software, Services); By End Use (Manufacturing, Transportation, Oil & Gas, Utilities); By Connectivity Technology (Wired Technology, Wireless Technology, Satellite Technology); By Device (Sensors, Radio Frequency Identification (RFID), Industrial Robotics, Distributed Control Systems, Condition Monitoring, Smart Meters); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: September 2024
  • Report ID: BWC24652
  • Available Format: PDF
  • Page: 240

Report Overview

A surging demand for connected supply chains, enhanced accessibility to cost-effective sensors and processors, and accelerated adoption of cloud computing and big data analytics are expected to drive Asia Pacific Industrial IoT (IIoT) Market during the forecast period between 2024 and 2030

Asia Pacific Industrial IoT (IIoT) Market – Industry Trends & Forecast Report, 2030

Asia Pacific Industrial IoT (IIoT) Market size was estimated at USD 133.41 billion in 2023. During the forecast period between 2024 and 2030, Asia Pacific Industrial IoT (IIoT) Market size is projected to grow at a CAGR of 33.7% reaching a value of USD 1,015.62 billion by 2030. Prominent drivers of the market include technological advancements transforming industrial operations and the integration of Industry 4.0, which is fostering the development of smart factories. The adoption of smart manufacturing is enhancing productivity, while edge computing and 5G infrastructure are improving data processing efficiency, connectivity, and reliability. Leading industry players such as Siemens, General Electric, IBM, Cisco Systems, Intel, and Bosch are driving the market through strategic collaborations and innovations, like Siemens and IBM’s partnership with Red Hat and Intel’s launch of 12th Gen Intel Core processors for IoT applications. The growing need to enhance operational efficiency, coupled with efforts to develop integrated digital-human workforces, is unlocking significant growth opportunities. Additionally, Industrial IoT is offering benefits such as automated quality assurance, improved power efficiency, and increased productivity, which are helping industries reduce costs, ensure worker safety, and boost throughput. Companies are also creating hybrid products and services that deliver measurable outcomes, solidifying their market position and opening new revenue streams, further propelling market growth.

Asia Pacific Industrial IoT Market

Industrial IoT (IIoT) – Overview

The Industrial Internet of Things (IIoT) refers to the integration of internet-connected devices, sensors, and machinery within industrial settings to collect, exchange, and analyze data in real time. Unlike the consumer-focused Internet of Things (IoT), which connects personal devices like smartphones and home appliances, IIoT focuses on industrial applications such as manufacturing, energy management, transportation, and utilities. By connecting machines and systems through the internet, IIoT enables automation, predictive maintenance, and optimized production processes. This connectivity allows businesses to enhance operational efficiency, reduce downtime, improve safety, and increase productivity. IIoT is a critical component of Industry 4.0, the current trend of automation and data exchange in manufacturing technologies.

Asia Pacific Industrial IoT (IIoT) Market

Growth Drivers

Rising Demand for Connected Supply Chain

The rising demand for a connected supply chain is significantly boosting the APAC Industrial IoT market, as industries across the region increasingly adopt IoT to enhance efficiency and resilience. Asia Pacific, a key manufacturing hub, is at the forefront of this shift, with countries like Australia, China, and Japan leading the way. IoT adoption is critical to business success, particularly in improving supply chain operations. The COVID-19 pandemic has further accelerated IoT investments, driving businesses to integrate IoT with advanced technologies like AI, edge computing, and digital twins. Technological integration is enabling more efficient and connected supply chains, offering benefits such as reduced operational costs, improved quality control, and enhanced worker safety. In Australia, companies are focusing on energy optimization, while in Japan, the emphasis is on manufacturing optimization through IoT-enabled processes. China's leadership in implementing AI and edge computing strategies within IoT frameworks is further driving market growth. Industry-specific IoT solutions, such as grid automation in Australia’s energy sector and industrial automation in Japan’s manufacturing sector, are enhancing operational efficiency and increasing production capacity, reinforcing the importance of a connected supply chain in maintaining a competitive edge. Overall, the growing emphasis on connected supply chains is a key factor driving the APAC Industrial IoT market's robust growth.

Challenges

High Integration Costs

High integration costs could be a significant restraint on the growth of Asia Pacific Industrial IoT (IIoT) Market. Implementing IIoT solutions often involves substantial investments in advanced technologies, infrastructure, and skilled personnel. These costs can be prohibitive for smaller companies and organizations in developing regions, slowing their adoption of IoT systems. Additionally, the need for extensive customization and integration with existing systems further escalates expenses. As a result, high integration costs can limit market expansion by restricting access to IIoT benefits for a broader range of potential users, thereby impeding overall market growth in the region.

Impact of Escalating Geopolitical Tensions on Asia Pacific Industrial IoT (IIoT) Market

Escalating geopolitical tensions among countries across regions could have a significant impact on the growth of Asia Pacific Industrial IoT (IIoT) Market. Such tensions disrupt supply chains and create uncertainties in trade policies, leading to trade barriers, tariffs, and regulatory changes that affect the flow of essential components and technologies for IIoT systems. These disruptions can result in higher costs and delays in deploying IoT solutions. Additionally, geopolitical conflicts may prompt companies to reconsider their supply chain strategies, potentially shifting their sourcing and investment priorities. This uncertainty can hinder market growth by impacting resource availability and the overall investment climate for IIoT initiatives in the region.

Asia Pacific Industrial IoT (IIoT) Market

Segmental Coverage

Asia Pacific Industrial IoT (IIoT) Market – By Type

By type, Asia Pacific Industrial IoT (IIoT) Market is divided into Hardware, Software, and Services segments. The services segment holds the highest share in Asia Pacific Industrial IoT (IIoT) Market by type. The growth is driven by the substantial increase in connected devices generating vast amounts of data. IoT applications depend on centralized cloud services to handle data flow and industry processes. Additionally, edge computing is expected to revolutionize the industry by offering real-time analytics and decentralizing storage and transactions across the network.

Asia Pacific Industrial IoT Market Size

Asia Pacific Industrial IoT (IIoT) Market – By End Use

Based on end use, Asia Pacific Industrial IoT (IIoT) Market is divided into Manufacturing, Transportation, Oil & Gas, Utilities, and other (Agriculture, Retail, Energy & Power) segments. The manufacturing segment holds the highest share in Asia Pacific Industrial IoT (IIoT) Market by end use. With the advent of Industry 4.0, IIoT is increasingly popular in both discrete and process manufacturing due to its potential to enhance operations, reduce downtime, and improve efficiency. It enables data-driven decision-making, which boosts profit margins and lowers costs while providing quick returns on IoT investments. Moreover, the rapid adoption of digital manufacturing technologies is significantly supported by IoT, contributing to anticipated market growth. Meanwhile, the transportation segment is expected to record the fastest growth rate during the forecast period. The sector's rapid expansion is fueled by the integration of emerging technologies such as Artificial Intelligence (AI) and Industrial IoT (IIoT), which enhance operational efficiency and enable autonomous vehicle capabilities. The adoption of IoT in transportation has led to improvements in fleet management, real-time tracking, and public transit systems. Smart devices and IoT solutions are transforming fleet operations, optimizing maintenance, reducing costs, and increasing safety. This technological advancement supports effective inventory management, geofencing, and remote monitoring, significantly contributing to the sector's dynamic growth.

Asia Pacific Industrial IoT Market Share

Asia Pacific Industrial IoT (IIoT) Market – By Connectivity Technology

By connectivity technology, Asia Pacific Industrial IoT (IIoT) Market is divided into Wired Technology, Wireless Technology, and Satellite Technology segments. The wireless technology segment holds the highest share in Asia Pacific Industrial IoT (IIoT) Market by connectivity technology due to its critical role in transforming industrial operations. Wireless connectivity offers unmatched flexibility, scalability, and cost-efficiency, crucial for managing over 50 billion connected IoT devices expected by 2024. Technologies such as Wi-Fi 6 and 5G are pivotal, with Wi-Fi 6 anticipated to support 80% of industrial IoT applications by 2025 and 5G enhancing real-time automation with ultra-low latency and scalability for up to one million devices per square kilometer. Wireless solutions significantly reduce operational costs by up to 30% through predictive maintenance and real-time monitoring, while advances like Wi-Fi 7 promise even greater performance. The integration of these technologies enables efficient remote monitoring, enhances network reliability, and improves overall operational efficiency, reinforcing wireless technology's dominant position in the Industrial IoT Market.

Asia Pacific Industrial IoT Market Demand

Asia Pacific Industrial IoT (IIoT) Market – By Device

By device, Asia Pacific Industrial IoT (IIoT) Market is divided into Sensors, Radio Frequency Identification (RFID), Industrial Robotics, Distributed Control Systems, Condition Monitoring, Smart Meters, and other (Interface Boards, Yield Monitors, Guidance & Steering, and GPS/GNSS) segments.

Asia Pacific Industrial IoT (IIoT) Market – By Country

The in-depth research report on the Asia Pacific Industrial IoT (IIoT) Market covers the market in the region’s major countries including China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. China holds the highest share in Asia Pacific Industrial IoT (IIoT) Market and is expected to maintain its dominance during the forecast period. The country has been making substantial investments in the Industrial IoT to enhance productivity and efficiency through modernization and automation of manufacturing processes, driven by high internet connectivity and data-centric strategies. For example, in December 2022, ABB Ltd opened a cutting-edge, fully automated robotics factory in Kangqiao, Shanghai, with a USD 150 million investment. This 67,000 m² facility will utilize ABB’s digital and automation technologies to produce next-generation robots. Also, China’s government has been actively promoting automation through initiatives like "Made in China 2025." The country's leading position is supported by increasing investments in AI technology, a growing demand for industrial automation, advancements in robotics, and robust government support. Additionally, China is anticipated to experience the highest compound annual growth rate (CAGR) during the forecast period.

Competitive Landscape

Major players operating in Asia Pacific Industrial IoT (IIoT) Market include Weg, Rockwell Automation, ABB, Honeywell, GE, SIEMENS, Azurra, Nextel, Claro, and Telecom. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

 

Attributes

Details

Years Considered

Historical Data – 2019–2030

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

USD Billion

Market Coverage

China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC

Product/ Service Segmentation

Type, End Use, Connectivity Technology, Device, Region

Key Players

Weg, Rockwell Automation, ABB, Honeywell, GE, SIEMENS, Azurra, Nextel, Claro, Telecom

 

By Type

  • Hardware

  • Software

  • Services

By End Use

  • Manufacturing

  • Transportation

  • Oil & Gas

  • Utilities

By Connectivity Technology

  • Wired Technology

  • Wireless Technology

  • Satellite Technology

By Device

  • Sensors

  • Radio Frequency Identification (RFID)

  • Industrial Robotics

  • Distributed Control Systems

  • Condition Monitoring

  • Smart Meters

By Country

  • China

  • India

  • Japan

  • South Korea

  • Australia & New Zealand

  • Indonesia

  • Malaysia

  • Singapore

  • Vietnam

  • Rest of APAC

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Asia Pacific Industrial IoT (IIoT) Market Insights
    1. Device Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising Demand for a Connected Supply Chain
        2. Increasing Availability of Affordable Sensors and Processors
        3. Growing Adoption of Cloud Computing and Big Data Analytics
      2. Restraints
        1. Interoperability Issues
        2. High Integration Costs
      3. Opportunities
        1. Increasing Focus on Predictive Maintenance
        2. Advancement in Technology
      4. Challenges
        1. Return on Investment (ROI) Uncertainty
        2. Lack of Skilled Workforce
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Asia Pacific Industrial IoT (IIoT) Market: Marketing Strategies
  5. Asia Pacific Industrial IoT (IIoT) Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
        1. Hardware
        2. Software
        3. Services
      2. By End Use
        1. Manufacturing
        2. Transportation
        3. Oil and Gas
        4. Utility
        5. Other  (Agriculture, Retail, Energy and Power, etc)
      3. By Connectivity Technology
        1. Wired Technology
        2. Wireless Technology
        3. Satellite Technology
      4. By Device
        1. Sensors
        2. Radio Frequency Identification (RFID)
        3. Industrial Robotics
        4. Distributed Control Systems
        5. Condition Monitoring
        6. Smart Meters
        7. Others (Interface Boards, Yield Monitors, Guidance & Steering, GPS/GNSS, etc)
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia & New Zealand
        6. Indonesia
        7. Malaysia
        8. Singapore
        9. Vietnam
        10. Rest of ASIA PACIFIC
  6. China Industrial IoT (IIoT) Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use
      3. By Connectivity Technology
      4. By Device
  7. India Industrial IoT (IIoT) Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use
      3. By Connectivity Technology
      4. By Device
  8. Japan Industrial IoT (IIoT) Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use
      3. By Connectivity Technology
      4. By Device
  9. South Korea Industrial IoT (IIoT) Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use
      3. By Connectivity Technology
      4. By Device
  10. Australia & New Zealand Industrial IoT (IIoT) Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use
      3. By Connectivity Technology
      4. By Device
  11. Indonesia Industrial IoT (IIoT) Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use
      3. By Connectivity Technology
      4. By Device
  12. Malaysia Industrial IoT (IIoT) Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use
      3. By Connectivity Technology
      4. By Device
  13. Singapore Industrial IoT (IIoT) Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use
      3. By Connectivity Technology
      4. By Device
  14. Vietnam Industrial IoT (IIoT) Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use
      3. By Connectivity Technology
      4. By Device
  15. Rest of Asia Pacific Industrial IoT (IIoT) Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End Use
      3. By Connectivity Technology
      4. By Device
  16. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia Pacific Industrial IoT (IIoT) Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  17. Impact of Escalating Geopolitical Tensions on Asia Pacific Industrial IoT (IIoT) Market
  18. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Weg
    2. Rockwell Automation
    3. ABB
    4. Honeywell
    5. GE
    6. SIEMENS
    7. Azurra
    8. Nextel
    9. Claro
    10. Telecom
    11. Other Prominent Players
  19. Key Strategic Recommendations
  20. Research Methodology
    1.       Qualitative Research
      1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
      1.   Secondary Research
      2.   Primary Research
    4.       Breakdown of Primary Research Respondents, By Region
    5.       Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

 

List of Figures

 

Figure 1       Asia Pacific Industrial IoT (IIoT)  Segmentation                         

Figure 2       Asia Pacific Industrial IoT (IIoT)  Market Value Chain Analysis                       

Figure 3       Company Market Share Analysis, 2023                  

Figure 4       Asia Pacific Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030                            

Figure 5       Asia Pacific Industrial IoT (IIoT)  Market Share, By Type ,  By Value, 2019–2030                            

Figure 6       Asia Pacific Industrial IoT (IIoT)  Market Share, By End Use, By Value, 2019–2030                            

Figure 7       Asia Pacific Industrial IoT (IIoT)  Market Share, By Connectivity Technology,  By Value, 2019–2030                   

Figure 8       Asia Pacific Industrial IoT (IIoT)  Market Share, By Device, By Value, 2019–2030                            

Figure 9       Asia Pacific Industrial IoT (IIoT)  Market Share, By Country, By Value, 2019–2030                            

Figure 10     China Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030                    

Figure 11     China Industrial IoT (IIoT)  Market Share, By Type ,  By Value, 2019–2030                      

Figure 12     China Industrial IoT (IIoT)  Market Share, By End Use, By Value, 2019–2030                   

Figure 13     China Industrial IoT (IIoT)  Market Share, By Connectivity Technology,  By Value, 2019–2030                    

Figure 14     China Industrial IoT (IIoT)  Market Share, By Device, By Value, 2019–2030                     

Figure 15     India Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030                     

Figure 16     India Industrial IoT (IIoT)  Market Share, By Type ,  By Value, 2019–2030                       

Figure 17     India Industrial IoT (IIoT)  Market Share, By End Use, By Value, 2019–2030                    

Figure 18     India Industrial IoT (IIoT)  Market Share, By Connectivity Technology,  By Value, 2019–2030                    

Figure 19     India Industrial IoT (IIoT)  Market Share, By Device, By Value, 2019–2030                      

Figure 20     Japan Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030                    

Figure 21     Japan Industrial IoT (IIoT)  Market Share, By Type ,  By Value, 2019–2030                      

Figure 22     Japan Industrial IoT (IIoT)  Market Share, By End Use, By Value, 2019–2030                   

Figure 23     Japan Industrial IoT (IIoT)  Market Share, By Connectivity Technology,  By Value, 2019–2030                    

Figure 24     Japan Industrial IoT (IIoT)  Market Share, By Device, By Value, 2019–2030                     

Figure 25     South Korea Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030                            

Figure 26     South Korea Industrial IoT (IIoT)  Market Share, By Type ,  By Value, 2019–2030                            

Figure 27     South Korea Industrial IoT (IIoT)  Market Share, By End Use, By Value, 2019–2030                    

Figure 28     South Korea Industrial IoT (IIoT)  Market Share, By Connectivity Technology,  By Value, 2019–2030                   

Figure 29     South Korea Industrial IoT (IIoT)  Market Share, By Device, By Value, 2019–2030                            

Figure 30     Australia & New Zealand Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030                    

Figure 31     Australia & New Zealand Industrial IoT (IIoT)  Market Share, By Type ,  By Value, 2019–2030                    

Figure 32     Australia & New Zealand Industrial IoT (IIoT)  Market Share, By End Use, By Value, 2019–2030                   

Figure 33     Australia & New Zealand Industrial IoT (IIoT)  Market Share, By Connectivity Technology,  By Value, 2019–2030                        

Figure 34     Australia & New Zealand Industrial IoT (IIoT)  Market Share, By Device, By Value, 2019–2030                    

Figure 35     Indonesia Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030                            

Figure 36     Indonesia Industrial IoT (IIoT)  Market Share, By Type ,  By Value, 2019–2030                            

Figure 37     Indonesia Industrial IoT (IIoT)  Market Share, By End Use, By Value, 2019–2030                            

Figure 38     Indonesia Industrial IoT (IIoT)  Market Share, By Connectivity Technology,  By Value, 2019–2030                   

Figure 39     Indonesia Industrial IoT (IIoT)  Market Share, By Device, By Value, 2019–2030                            

Figure 40     Malaysia Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030                            

Figure 41     Malaysia Industrial IoT (IIoT)  Market Share, By Type ,  By Value, 2019–2030                   

Figure 42     Malaysia Industrial IoT (IIoT)  Market Share, By End Use, By Value, 2019–2030                            

Figure 43     Malaysia Industrial IoT (IIoT)  Market Share, By Connectivity Technology,  By Value, 2019–2030                   

Figure 44     Malaysia Industrial IoT (IIoT)  Market Share, By Device, By Value, 2019–2030                            

Figure 45     Singapore Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030                            

Figure 46     Singapore Industrial IoT (IIoT)  Market Share, By Type ,  By Value, 2019–2030                            

Figure 47     Singapore Industrial IoT (IIoT)  Market Share, By End Use, By Value, 2019–2030                            

Figure 48     Singapore Industrial IoT (IIoT)  Market Share, By Connectivity Technology,  By Value, 2019–2030                   

Figure 49     Singapore Industrial IoT (IIoT)  Market Share, By Device, By Value, 2019–2030                            

Figure 50     Vietnam Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030                            

Figure 51     Vietnam Industrial IoT (IIoT)  Market Share, By Type ,  By Value, 2019–2030                   

Figure 52     Vietnam Industrial IoT (IIoT)  Market Share, By End Use, By Value, 2019–2030                            

Figure 53     Vietnam Industrial IoT (IIoT)  Market Share, By Connectivity Technology,  By Value, 2019–2030                   

Figure 54     Vietnam Industrial IoT (IIoT)  Market Share, By Device, By Value, 2019–2030                            

Figure 55     Rest of Asia Pacific Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030                    

Figure 56     Rest of Asia Pacific Industrial IoT (IIoT)  Market Share, By Type ,  By Value, 2019–2030                    

Figure 57     Rest of Asia Pacific Industrial IoT (IIoT)  Market Share, By End Use, By Value, 2019–2030                    

Figure 58     Rest of Asia Pacific Industrial IoT (IIoT)  Market Share, By Connectivity Technology,  By Value, 2019–2030                        

Figure 59     Rest of Asia Pacific Industrial IoT (IIoT)  Market Share, By Device, By Value, 2019–2030                    

                            

 

List of Tables

 

Table 1        Asia Pacific Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030         

Table 2        Asia Pacific Industrial IoT (IIoT)  Market Size, By Type ,  By Value, 2019–2030         

Table 3        Asia Pacific Industrial IoT (IIoT)  Market Size, By End Use, By Value, 2019–2030         

Table 4        Asia Pacific Industrial IoT (IIoT)  Market Size, By Connectivity Technology,  By Value, 2019–2030

Table 5        Asia Pacific Industrial IoT (IIoT)  Market Size, By Device, By Value, 2019–2030         

Table 6        Asia Pacific Industrial IoT (IIoT)  Market Size, By Country, By Value, 2019–2030         

Table 7        China Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030 

Table 8        China Industrial IoT (IIoT)  Market Size, By Type ,  By Value, 2019–2030     

Table 9        China Industrial IoT (IIoT)  Market Size, By End Use, By Value, 2019–2030  

Table 10      China Industrial IoT (IIoT)  Market Size, By Connectivity Technology,  By Value, 2019–2030 

Table 11      China Industrial IoT (IIoT)  Market Size, By Device, By Value, 2019–2030     

Table 12      India Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030  

Table 13      India Industrial IoT (IIoT)  Market Size, By Type ,  By Value, 2019–2030      

Table 14      India Industrial IoT (IIoT)  Market Size, By End Use, By Value, 2019–2030   

Table 15      India Industrial IoT (IIoT)  Market Size, By Connectivity Technology,  By Value, 2019–2030 

Table 16      India Industrial IoT (IIoT)  Market Size, By Device, By Value, 2019–2030     

Table 17      Japan Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030 

Table 18      Japan Industrial IoT (IIoT)  Market Size, By Type ,  By Value, 2019–2030     

Table 19      Japan Industrial IoT (IIoT)  Market Size, By End Use, By Value, 2019–2030  

Table 20      Japan Industrial IoT (IIoT)  Market Size, By Connectivity Technology,  By Value, 2019–2030 

Table 21      Japan Industrial IoT (IIoT)  Market Size, By Device, By Value, 2019–2030    

Table 22      South Korea Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030         

Table 23      South Korea Industrial IoT (IIoT)  Market Size, By Type ,  By Value, 2019–2030         

Table 24      South Korea Industrial IoT (IIoT)  Market Size, By End Use, By Value, 2019–2030         

Table 25      South Korea Industrial IoT (IIoT)  Market Size, By Connectivity Technology,  By Value, 2019–2030

Table 26      South Korea Industrial IoT (IIoT)  Market Size, By Device, By Value, 2019–2030         

Table 27      Australia & New Zealand Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030 

Table 28      Australia & New Zealand Industrial IoT (IIoT)  Market Size, By Type ,  By Value, 2019–2030 

Table 29      Australia & New Zealand Industrial IoT (IIoT)  Market Size, By End Use, By Value, 2019–2030 

Table 30      Australia & New Zealand Industrial IoT (IIoT)  Market Size, By Connectivity Technology,  By Value, 2019–2030    

Table 31      Australia & New Zealand Industrial IoT (IIoT)  Market Size, By Device, By Value, 2019–2030 

Table 32      Indonesia Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030         

Table 33      Indonesia Industrial IoT (IIoT)  Market Size, By Type ,  By Value, 2019–2030

Table 34      Indonesia Industrial IoT (IIoT)  Market Size, By End Use, By Value, 2019–2030         

Table 35      Indonesia Industrial IoT (IIoT)  Market Size, By Connectivity Technology,  By Value, 2019–2030

Table 36      Indonesia Industrial IoT (IIoT)  Market Size, By Device, By Value, 2019–2030

Table 37      Malaysia Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030         

Table 38      Malaysia Industrial IoT (IIoT)  Market Size, By Type ,  By Value, 2019–2030 

Table 39      Malaysia Industrial IoT (IIoT)  Market Size, By End Use, By Value, 2019–2030         

Table 40      Malaysia Industrial IoT (IIoT)  Market Size, By Connectivity Technology,  By Value, 2019–2030

Table 41      Malaysia Industrial IoT (IIoT)  Market Size, By Device, By Value, 2019–2030

Table 42      Singapore Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030         

Table 43      Singapore Industrial IoT (IIoT)  Market Size, By Type ,  By Value, 2019–2030

Table 44      Singapore Industrial IoT (IIoT)  Market Size, By End Use, By Value, 2019–2030         

Table 45      Singapore Industrial IoT (IIoT)  Market Size, By Connectivity Technology,  By Value, 2019–2030

Table 46      Singapore Industrial IoT (IIoT)  Market Size, By Device, By Value, 2019–2030         

Table 47      Vietnam Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030         

Table 48      Vietnam Industrial IoT (IIoT)  Market Size, By Type ,  By Value, 2019–2030 

Table 49      Vietnam Industrial IoT (IIoT)  Market Size, By End Use, By Value, 2019–2030

Table 50      Vietnam Industrial IoT (IIoT)  Market Size, By Connectivity Technology,  By Value, 2019–2030 

Table 51      Vietnam Industrial IoT (IIoT)  Market Size, By Device, By Value, 2019–2030 

Table 52      Rest of Asia Pacific Industrial IoT (IIoT)  Market Size, By Value (USD Billion), 2019–2030 

Table 53      Rest of Asia Pacific Industrial IoT (IIoT)  Market Size, By Type ,  By Value, 2019–2030 

Table 54      Rest of Asia Pacific Industrial IoT (IIoT)  Market Size, By End Use, By Value, 2019–2030 

Table 55      Rest of Asia Pacific Industrial IoT (IIoT)  Market Size, By Connectivity Technology,  By Value, 2019–2030     

Table 56      Rest of Asia Pacific Industrial IoT (IIoT)  Market Size, By Device, By Value, 2019–2030

Table 57      Weg Company Overview

Table 58      Weg Financial Overview

Table 59      Rockwell Automation Company Overview

Table 60      Rockwell Automation Financial Overview

Table 61      ABB Company Overview

Table 62      ABB Financial Overview

Table 63      Honeywell Company Overview

Table 64      Honeywell Financial Overview

Table 65      GE Company Overview

Table 66      GE Financial Overview

Table 67      SIEMENS Company Overview

Table 68      SIEMENS Financial Overview

Table 69      Azurra Company Overview

Table 70      Azurra Financial Overview

Table 71      Nextel Company Overview

Table 72      Nextel Financial Overview

Table 73      Claro Company Overview

Table 74      Claro Financial Overview

Table 75      Telecom Company Overview

Table 76      Telecom Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Asia Pacific Industrial IoT (IIoT) Market size by value was estimated at USD 133.41 billion in 2023.
Ans: Asia Pacific Industrial IoT (IIoT) Market is expected to grow at CAGR of 33.7% during the forecast period between 2024 and 2030.
Ans: By 2030, Asia Pacific Industrial IoT (IIoT) Market size is forecast to reach a value of USD 1,015.62 billion.
Ans: The growth of Asia Pacific Industrial IoT (IIoT) Market is primarily driven by the surging demand for connected supply chains. enhanced accessibility to cost-effective sensors and processors, and accelerated adoption of cloud computing and big data analytics.
Ans: The transportation segment is expected to grow at the fastest CAGR in Asia Pacific Industrial IoT (IIoT) Market during the forecast period between 2024 and 2030.
Ans: Key players in Asia Pacific Industrial IoT (IIoT) Market include Weg, Rockwell Automation, ABB, Honeywell, GE, SIEMENS, Azurra, Nextel, Claro, and Telecom.
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