6g Market
6G Market Forecasts to 2030 - Global Analysis By Component (Hardware, Software, Services and Other Components), Deployment Device, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global 6G Market is accounted for $6.9 billion in 2024 and is expected to reach $39.7 billion by 2030 growing at a CAGR of 33.7% during the forecast period. 6G, or sixth-generation wireless technology, is expected to surpass 5G by 2030s, offering speeds up to 100 times faster than 5G. It offers ultra-low latency, enhanced reliability, and unprecedented data transfer rates, revolutionizing connectivity and enabling instantaneous communication. 6G networks support emerging technologies like AR, VR, and the metaverse, as well as AI and IoT advancements. It also enables efficient energy use, secure data handling, and advanced edge computing. 6G will play a key role in remote healthcare, autonomous systems, and smart city infrastructure, reshaping digital experiences and global connectivity.
According to the Ericsson report, at the end of 2022, total global mobile data traffic, excluding traffic from fixed wireless access (FWA), reached 93 EB per month. By 2028, it is anticipated that this traffic will have increased by a factor of 3.5 to reach 329 EB per month.
Market Dynamics:
Driver:
Growing demand for high-speed, low-latency connectivity
Research and development expenditures for 6G technology are being driven by the need for dependable, quicker connectivity. To satisfy these demands, businesses and academic institutions are coming up with creative solutions, which are advancing networking infrastructure and technology. Additionally, interest in 6G for competitive advantage is increased by the new applications made possible by the high-speed, low-latency connectivity, such as AR, VR, driverless cars, and real-time remote monitoring which boosts the market growth.
Restraint:
High development and deployment costs
Reduced competition and less innovation might result from high telecommunications market costs that provide serious obstacles to new competitors. This could impede the development of connectivity solutions. In order to invest in 6G development, telecom operators could have to take money away from other important initiatives, which would affect their overall business plan and growth in other areas like infrastructure upgrades or 5G refinement hampering 6G market.
Opportunity:
Increasing reliance on data-intensive applications
6G technology was developed in response to the high bandwidth requirements of data-intensive applications such as AR, VR, and real-time data analytics. Higher data rates and effective bandwidth use are the goals of this technology. Furthermore, to provide dependable connectivity and low latency, 6G calls for improved network infrastructure, such as edge computing, distributed antenna systems, and tiny cells. Because of this, 6G is crucial to the development of telecom networks.
Threat:
Technical challenges with high-frequency bands
Coverage gaps occur in rural locations and highly populated areas because high-frequency bands, such as those anticipated for 6G, have a shorter range and are more prone to attenuation and obstruction. Particularly in rural or densely populated areas, this network design complexity may cause lengthier planning and implementation durations, which could slow down the pace of 6G adoption and hinder market advancement.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the 6G market, causing delays in research and development due to disrupted supply chains and workforce limitations. While the shift to remote work and increased reliance on digital services heightened the demand for advanced connectivity, funding for 6G projects faced scrutiny as companies prioritized immediate operational needs. However, the crisis also accelerated interest in next-generation technologies, as stakeholders recognized the importance of resilient communication networks, potentially paving the way for faster investment and innovation in 6G post-pandemic.
The smartphones segment is expected to be the fastest during the forecast period
Over the estimation period, the smartphones segment is likely to capture the largest market share owing to the demand for faster and reliable connectivity in smartphones is increasing due to their ability to handle data-intensive applications like streaming, gaming, and augmented reality. This push for enhanced performance is driving the development of 6G technologies to meet user expectations enabling new applications like real-time holographic communication and immersive virtual reality experiences.
The blockchain segment is expected to have the highest CAGR during the forecast period
The blockchain segment is projected to have the highest CAGR in the 6G market during the extrapolated period due to the greater security for data transmission over 6G networks provided by blockchain's decentralized and encrypted nature is essential for the vast expansion of connected devices and data flow. Furthermore, 6G can improve the security of 6G networks by guaranteeing data integrity, which is necessary for applications requiring trust and dependability, such as financial transactions, healthcare data exchange, and autonomous vehicle communication drives the market.
Region with largest share:
The North America is region is projected to account for the largest market share during the forecast period due to North America's strong technological infrastructure, including leading research institutions and innovative corporations, is conducive to rapid advancements in telecommunications technology, making it ideal for 6G development. Major players like Qualcomm, Intel, AT&T, and Verizon are investing heavily in 6G research and development, facilitating the transition from 5G to 6G infrastructure further encouraging 6G markets.
Region with highest CAGR:
Asia Pacific is anticipated to witness the highest rate of growth during the forecast period because governments in Asia Pacific are promoting 6G development through funding and strategic initiatives, with China investing heavily in research and telecom companies like Huawei and ZTE. The Bharat 6G Alliance in India unifies efforts across industry and academia. Technological innovation is also thriving in the region, with leading firms like Japan, South Korea, and India investing heavily in R&D for 6G technologies.
Key players in the market
Some of the key players in 6G Market include AT&T, Broadcom, Cisco, Deutsche Telekom, Docomo, Ericsson, Google, Huawei, Jio, NEC Corporation, Nokia, NTT Docomo, Orange, Telefonica and Vodafone Group.
Key Developments:
In October 2024, Cisco unveiled new AI-powered innovations, including the Webex AI Agent, AI Agent Studio and Cisco AI Assistant features for Webex Contact Center. This enables business leaders to deliver faster, more effective and more empathetic interactions that improve customer trust and brand loyalty.
In October 2024, The National Football League and Cisco have announced that the NFL is now leveraging Cisco’s industry-leading enterprise networking and cybersecurity solutions to connect and protect the NFL International Games.
In October 2024, Deutsche telekom subsidiary T-Systems and Broadcom have expanded their nearly 20-year long collaboration. T-Systems is now a VMware Cloud Service Provider (VCSP) Pinnacle tier partner, the highest and most strategic level.
Components Covered:
• Hardware
• Software
• Services
• Other Components
Deployment Devices Covered:
• Smartphones
• Tablets
• Wearables
• Internet of Things (IoT) Devices
• Other Deployment Devices
Technologies Covered:
• Artificial Intelligence & Machine Learning
• Blockchain
• Big Data Analytics
• Quantum Communications
• Edge Computing:
• Sensing Technologies
• Other Technologies
Applications Covered:
• Extremely Reliable, Low Latency Communications
• Long-Distance and High-Mobility Communications
• Ultra-Massive Machine Type Communications
• Extremely Low-Power Communications
• Other Applications
End Users Covered:
• Telecom Operators
• Healthcare Providers
• Automotive Industry
• Government
• Public Safety & Defense
• Manufacturing
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global 6G Market, By Component
5.1 Introduction
5.2 Hardware
5.3 Software
5.4 Services
5.5 Other Components
6 Global 6G Market, By Deployment Device
6.1 Introduction
6.2 Smartphones
6.3 Tablets
6.4 Wearables
6.5 Internet of Things (IoT) Devices
6.6 Other Deployment Devices
7 Global 6G Market, By Technology
7.1 Introduction
7.2 Artificial Intelligence & Machine Learning
7.3 Blockchain
7.4 Big Data Analytics
7.5 Quantum Communications
7.6 Edge Computing:
7.7 Sensing Technologies
7.8 Other Technologies
8 Global 6G Market, By Application
8.1 Introduction
8.2 Extremely Reliable, Low Latency Communications
8.3 Long-Distance and High-Mobility Communications
8.4 Ultra-Massive Machine Type Communications
8.5 Extremely Low-Power Communications
8.6 Other Applications
9 Global 6G Market, By End User
9.1 Introduction
9.2 Telecom Operators
9.3 Healthcare Providers
9.4 Automotive Industry
9.5 Government
9.6 Public Safety & Defense
9.7 Manufacturing
9.8 Other End Users
10 Global 6G Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 AT&T
12.2 Broadcom
12.3 Cisco
12.4 Deutsche Telekom
12.5 Docomo
12.6 Ericsson
12.7 Google
12.8 Huawei
12.9 Jio
12.10 NEC Corporation
12.11 Nokia
12.12 NTT Docomo
12.13 Orange
12.14 Telefonica
12.15 Vodafone Group
List of Tables
1 Global 6G Market Outlook, By Region (2022-2030) ($MN)
2 Global 6G Market Outlook, By Component (2022-2030) ($MN)
3 Global 6G Market Outlook, By Hardware (2022-2030) ($MN)
4 Global 6G Market Outlook, By Software (2022-2030) ($MN)
5 Global 6G Market Outlook, By Services (2022-2030) ($MN)
6 Global 6G Market Outlook, By Other Components (2022-2030) ($MN)
7 Global 6G Market Outlook, By Deployment Device (2022-2030) ($MN)
8 Global 6G Market Outlook, By Smartphones (2022-2030) ($MN)
9 Global 6G Market Outlook, By Tablets (2022-2030) ($MN)
10 Global 6G Market Outlook, By Wearables (2022-2030) ($MN)
11 Global 6G Market Outlook, By Internet of Things (IoT) Devices (2022-2030) ($MN)
12 Global 6G Market Outlook, By Other Deployment Devices (2022-2030) ($MN)
13 Global 6G Market Outlook, By Technology (2022-2030) ($MN)
14 Global 6G Market Outlook, By Artificial Intelligence & Machine Learning (2022-2030) ($MN)
15 Global 6G Market Outlook, By Blockchain (2022-2030) ($MN)
16 Global 6G Market Outlook, By Big Data Analytics (2022-2030) ($MN)
17 Global 6G Market Outlook, By Quantum Communications (2022-2030) ($MN)
18 Global 6G Market Outlook, By Edge Computing: (2022-2030) ($MN)
19 Global 6G Market Outlook, By Sensing Technologies (2022-2030) ($MN)
20 Global 6G Market Outlook, By Other Technologies (2022-2030) ($MN)
21 Global 6G Market Outlook, By Application (2022-2030) ($MN)
22 Global 6G Market Outlook, By Extremely Reliable, Low Latency Communications (2022-2030) ($MN)
23 Global 6G Market Outlook, By Long-Distance and High-Mobility Communications (2022-2030) ($MN)
24 Global 6G Market Outlook, By Ultra-Massive Machine Type Communications (2022-2030) ($MN)
25 Global 6G Market Outlook, By Extremely Low-Power Communications (2022-2030) ($MN)
26 Global 6G Market Outlook, By Other Applications (2022-2030) ($MN)
27 Global 6G Market Outlook, By End User (2022-2030) ($MN)
28 Global 6G Market Outlook, By Telecom Operators (2022-2030) ($MN)
29 Global 6G Market Outlook, By Healthcare Providers (2022-2030) ($MN)
30 Global 6G Market Outlook, By Automotive Industry (2022-2030) ($MN)
31 Global 6G Market Outlook, By Government (2022-2030) ($MN)
32 Global 6G Market Outlook, By Public Safety & Defense (2022-2030) ($MN)
33 Global 6G Market Outlook, By Manufacturing (2022-2030) ($MN)
34 Global 6G Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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