This study addresses a substantial knowledge gap by conducting a complete evaluation of the present landscape and future directions of Industry 5.0. It recognizes the need of synthesizing a wide body of relevant research in order to get a better understanding of the complex nature of Industry 5.0. Using a comprehensive and systematic approach, the current study performed a co-word analysis and BERTopic modeling on a carefully selected dataset of 933 journal articles, sourced from Scopus and originally published between 2016 and 2024. These techniques facilitated the identification and analysis of significant patterns and uncovered integration of technology progress with human-centered strategies in Industry 5.0 frameworks. The study reveals the significant impact of new technologies, such as artificial intelligence (AI), cyber-physical systems, and blockchain processes, on improving operational efficiency, security, and sustainability. The study highlights the significance of incorporating these technologies into industrial processes to promote settings that are creative, productive, and attentive to human requirements. The trend analysis uncovers dynamism within Industry 5.0 research, which is featured by a blend of technological innovation, sustainability, and ethical considerations. Combined, these shape a future where these components are deeply interconnected. The research has significant implications, as it provides theoretical advancements and practical recommendations that might impact future industrial policy and firm operations. This study addresses a significant need by offering valuable information on how to combine technical advancements with ethical and sustainable approaches. The goal is to improve productivity and promote the well-being of society. This work is groundbreaking inasmuch as it is one of the first extensive studies in this field. It establishes an important guide for future academic research and practical use in the changing landscape of Industry 5.0.