Top 10 Industries advancing 5G in 2023

Curious about new technological advancements in the telecom sector? Explore our analysis of 810 global 5G startups & scaleups impacting 10 industries and learn how their solutions advance your business!

The affordability of connected devices and innovation in data-intensive technologies demands highly resilient and fast communication channels for seamless operations. We give you data-driven innovation insights based on our analysis of 810 5G startups & technologies so that you do not miss out on emerging connectivity solutions. Unlike 4G, the fifth generation of cellular connectivity enables ultra-low latency and high bandwidth. As a result, it accommodates more devices than 4G without tower congestion, which otherwise results in denial of service errors. Read more to explore the impact of 5G on 10 industries and how they advance your business.

Innovation Map highlights Top 5G Startups impacting 10 Industries

For this in-depth research on the Top 5G Startups, we analyzed a sample of 810 global startups and scaleups. These insights are derived by working with our Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform quickly delivers an exhaustive overview of emerging technologies within a specific field as well as identifies relevant startups & scaleups early on.

In the Innovation Map below, you get an overview of 10 emerging 5G startups mapped to 10 industries they are optimizing. This research provides you with data-driven innovation intelligence that improves strategic decision-making by giving you an overview of emerging technologies & startups advancing 5G.


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Tree Map reveals the Impact of 5G on 10 Industries

Based on the Innovation Map, the Tree Map below illustrates the impact of 5G on 10 industries in 2023. As expected, 5G greatly impacts the telecom and smart city industries due to the need for resilient communication infrastructure. At the same time, smart mobility, grid, and security systems further leverage 5G for efficient operations in cities. Then, manufacturing, industry 4.0, and energy industries utilize 5G to enhance their Internet of Things (IoT) devices and, in turn, improve process monitoring. FinTech, healthcare, automotive, and rail sectors also rely on the low latency of 5G networks to deliver real-time information across large geographical distances. On the other hand, the retail industry primarily uses 5G to improve customer experience.


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Global Startup Heat Map covers 810 5G Startups & Scaleups

The Global Startup Heat Map below highlights the global distribution of the 810 exemplary startups & scaleups that we analyzed for this research. Created through the StartUs Insights Discovery Platform, the Heat Map reveals that the US and UK have a high concentration of 5G startups, followed by other Western European countries, India, and China.

Below, you get to meet 10 out of these 810 promising startups & scaleups as well as the solutions they develop. These 10 startups are hand-picked based on criteria such as founding year, location, funding raised, and more. Depending on your specific needs, your top picks might look entirely different.


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Impact of 5G on 10 Industries

1. Smart City

Cities and other urban areas rely on communication networks to optimize critical infrastructure like public transport. For example, the recent internet and mobile service blackout throughout Canada hampered banking and emergency services. That is why startups are offering 5G-driven solutions tailored for city operations. This enables resilient communication channels for critical infrastructure. Consequently, 5G in cities improves smart mobility, traffic management, public safety, and energy efficiency.

eeSee builds Green City Ecosystems

eeSee is an Italian startup that creates smart and green energy ecosystems in cities. The startup combines 5G and IoT into critical infrastructures such as electric grids, urban security, and public transport. Leveraging this, eeSee builds bus stations that allow cities to optimize public transport and reduce traffic congestion. Additionally, these bus stations power electric vehicles (EVs), enabling decentralized charging infrastructure for green mobility.

2. Telecom

The telecom sector is transitioning to 5G coverage to accommodate the increasing number of devices connected to the internet. However, the capital expenses associated with 5G infrastructure is hindering this shift. Therefore, startups are developing low-cost private and global 5G connectivity solutions that use the millimeter wave (mmWave) spectrum. This wavelength offers better data transmission speeds and bandwidth than 4G, reducing latency periods of data packets. In turn, 5G improves the performance of data-intensive applications like virtual reality (VR) and advanced data processing.

Picocom develops a 5G System on a Chip (SoC)

Picocom is a UK-based startup that makes PC802, a 5G SoC for telecom companies. It is an NR/LTE PHY small cell that enables 5G standard data transfer and supports fallback to LTE when 5G is not available. PC802 also features a secure on-chip boot, multi-carrier configurations, dynamic spectrum sharing (DSS), and device monitoring capabilities. This, in turn, allow mobile operators to mitigate in-house 5G processor development and diversify their service offerings.

3. Manufacturing

The manufacturing industry utilizes IoT to improve operations and processes. With the accelerated addition of devices, they could cause tower congestion in current communication networks. Additionally, the high bandwidth requirement for on-premise industrial IoT (IIoT) installations limits their performance. 5G in manufacturing tackles both these issues by increasing transmission speeds. Its high speed minimizes bandwidth requirements and this enables the accommodation of a large number of devices. Since 5G itself leverages a cell-based infrastructure due to its low range, it is ideal for on-premise private network deployment inside production floors.

Cerexio offers a 5G-ready Manufacturing Execution System (MES)

Cerexio is a Singaporean startup that makes a 5G-ready MES. It facilitates 5G network integration and ensures high-speed, high-bandwidth, and low-latency data transfers in industrial setups. Consequently, the startup’s MES powers high-performing data processing solutions like advanced data analytics, digital twin simulation, and process automation. This provides manufacturers with real-time manufacturing information and, in turn, increases process visibility, allowing them to improve overall equipment effectiveness (OEE).

4. Healthcare

Data-driven healthcare solutions require real-time patient information. That is why low-latency, high-speed connections are necessary to optimize hospital administration and ensure effective patient care. To achieve this, startups are leveraging 5G connectivity. Additionally, the COVID-19 pandemic is accelerating the adoption of telehealth services and the demand for medical IoT devices. 5G, thus, augments these solutions and improves patient monitoring, engagement, and care delivery. 5G integration further advances robotics and AI in healthcare, enabling remote and personalized healthcare.

SplineAI provides 5G-powered Internet of Medical Things (IoMT) Applications

SplineAI is an Indian startup that offers 5G-powered IoMT applications like intensive care unit (ICU) monitoring. The startup combines 5G, edge computing, and NVIDIA graphics processing units (GPUs) to provide high-performance computing and high speed. Hospitals use the startup’s solutions to deliver telehealth services more effectively. As a result, SplineAI improves the quality of care, enhances the patient experience, and reduces the cost of care.

5. FinTech

The rate of unsuccessful transactions associated with cashless payments, as well as online and mobile banking, affects customer experiences. Additionally, the current connectivity infrastructure severely bottlenecks crypto transactions and real-time financial data access due to its limited bandwidth. Leveraging 5G in financial services, on the other hand, allows FinTech service providers to ensure high-speed transactions and speed up cross-border payments. Besides, 5G’s low latency enables faster data processing, which in turn accelerates customer verification, improves data security, and increases lending rates.

Proximity Data Centres offers 5G-ready Edge Data Centers

Proximity Data Centres is a UK-based startup that provides 5G-ready edge data centers for financial services. Using its data storage-as-a-service, companies are able to leverage low-latency and high-speed data transfer on demand. The startup’s edge data centers also support permanent availability and other data-intensive applications like AI and IoT. These features are critical for the FinTech industry to ensure a seamless experience for their customer as 5G receives more market penetration.

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6. Industry 4.0

Industrial automation largely relies on data-intensive technologies like advanced analytics, AI, IIoT, and VR. This demands a highly resilient and high bandwidth connectivity infrastructure. That is why startups are offering 5G solutions optimized for industry 4.0 applications. For instance, some startups develop end-to-end process automation systems that leverage 5G. This allows manufacturers to enable high-speed IIoT data transfer, provide remote equipment control, and visualize operations in real-time. Consequently, 5G in manufacturing significantly boosts operational efficiency.

X-CITE develops Private 5G IIoT Networks

X-CITE is a Luxembourg-based startup that makes private 5G IIoT networks. The startup combines its connectivity-as-a-service platform, X-CSP, and modular data system, X-BRAiN, to build ultra-reliable low latency communications (URLLC) networks. They also utilize narrowband (NB) waves to meet the power constraints of IIoT devices. Further, the startup is integrating 5G network capability into its machine-to-machine (M2M) sim cards, which will enable worldwide connectivity. X-CITE’s solutions, thus, enable industrial plants to leverage real-time data to analyze and optimize operations, reducing failure rates and saving costs.

7. Energy

Distributed energy resource (DER) systems and smart grid management require access to real-time energy generation and load information. 5G supports the necessary communication parameters required to ensure this fast access to connected systems. As a result, startups are offering 5G-powered energy infrastructure. This, in turn, increases the data processing abilities of the grid and facilitates peer-to-peer (P2P) energy trade. Hence, 5G aids renewable energy integration into the grid through decentralized energy generation and improves demand side management.

urban energy facilitates Cellular Energy System Load Management

urban energy is a German startup that aids cellular energy system load management. The startup is part of the 5G infrastructure development project, 5Gain, backed by the Federal Ministry for Economic Affairs and Energy (BMWi). Similar to telecom networks, the 5Gain project divides energy systems into cells or districts connected through 5G. The startup’s IoT platform, DATAHUB, collects the grid data and applies AI to predict and calculate load profiles. This allows urban energy districts to enable decentralized and autonomous load and feed-in management.

8. Retail

The retail industry leverages 5G to improve customer experience and operations inside stores. It allows retailers to use VR and augmented reality (AR) to engage customers and increase conversion. Besides, in-store customer-centric solutions like smart mirrors require high-speed connectivity to enhance customer experience. From real-time customer information to personalized product recommendations, 5G assists retailers in all data-driven systems. For example, cloud-based video analytics needs low-latency connectivity to find sales opportunities more effectively.

Infiot offers a 5G-ready Edge Service

Infiot is a US-based startup that provides a 5G-ready edge service for retail stores. The startup’s solution enables distributed computing at various store outlets and automates kiosk application distribution. Its cloud-native architecture improves data transmission speed and supports low-latency communication. As a result, retail stores are able to deliver 5G-based services like virtual stores to their customers without integration issues and high capital expenses.

9. Automotive

As the automotive industry moves to vehicle-to-everything (V2X) communication and level-5 autonomous driving systems, the current data transfer speeds cause a performance bottleneck. 5G tackles this issue using ultra-low latency and high bandwidth networks. Even though the range of 5G networks is limited, it is suitable for applications in autonomous systems and connected mobility. Additionally, automotive manufacturers use 5G on their production floors to accommodate high-performing IIoT systems and other data processing solutions.

Tusk IC makes Millimeter Wave (mmWave) Spectrum Chips

Tusk IC is a Belgian startup that creates mmWave spectrum chips for the automotive industry. The startup’s integrated circuits (ICs) support 10GHz to 300GHz+ and it leverages advanced electronic design automation (EDA) tools. This makes Tusk IC’s design process time-efficient. Additionally, it uses complementary metal-oxide-semiconductor (CMOS), silicon on insulator (SOI), and silica germanium (SiGe) processes. Tusk IC thus allows automotive manufacturers to mitigate in-house 5G chip development and reduce time-to-market for autonomous vehicles and V2X connectivity.

10. Rail

Similar to automotive, 5G enables train-to-train (T2T) communications in the rail industry. It improves the positioning of trains and, in turn, enables closer spacing between trains, functioning like virtual coupling. Besides, 5G-enabled IoT in trains enables better traffic forecasts and enhances train movement orchestration, eliminating inefficiencies. 5G also allows rail companies to offer personalized travel experiences to passengers and ensure seamless journeys through contactless ticketing, reward systems, and more.

QuayChain offers 5G-based Rail Carrier Tracking

QuayChain is a US-based startup that enables 5G-based rail carrier tracking. The startup combines edge AI cameras, machine learning, and private LTE/5G networks to offer real-time, accurate trusted milestone and event data. This allows rail carriers to track equipment in GPS-denied environments and avoid issues associated with GPS battery power. Consequently, it improves supply chain visibility and allows rail companies to tackle inefficiencies.

Discover All 5G Startups

Most startups leverage mmWave to develop private 5G networks for businesses and industries. While this increases the market penetration for 5G, global connectivity is necessary to achieve the full potential of the technology. For this, various startups are developing satellite-based communications to deliver 5G to land, air, and sea, while others reduce the capital expenses associated with 5G infrastructure. These advances will augment the current connectivity infrastructure and enable high-speed communication required for real-time cross-border payments, emergency response, metaverse, and more. Get in touch to identify specific 5G startups & solutions that advance your business!

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