The global 6G market size is estimated to grow from USD 1.22 billion in 2027 to USD 108.18 billion by 2035, at a CAGR of 75.18% during the forecast period, till 2035.
6G Market: Growth and Trends
From the initiation of 2G in the 1990s to the launch of 5G services in 2019, the telecommunications sector is experiencing a significant transformation as the global implementation unfolds, with 6G technology expected to revolutionize the wireless communication landscape. 6G, or the sixth generation of wireless technology, represents a cellular network operating in previously unused radio frequencies and employs cognitive technologies akin to artificial intelligence. This innovation promises quicker speeds, reduced latency in communication, and more reliable connectivity compared to the 5G network. Currently, 6G networks are still in the initial phases of exploration and have not yet been deployed. However, they are designed to support advanced applications such as augmented reality, virtual reality, and holographic communication.
The primary distinction between 5G and 6G networks lies in the enhanced utilization of the radio spectrum, the incorporation of artificial intelligence, machine learning-driven air interfaces, and sophisticated antenna designs that enhance reliability and data transfer rates. A standout feature of 6G is its potential to deliver speeds up to 100 times faster than 5G and nearly eliminate latency, positioning it to accelerate growth in the global 6G market. Additionally, the ongoing innovations in the telecommunications sector and the increasing demand for smart connectivity, where devices, individuals, and networks can interact fluidly.
6G technology is anticipated to support machine-to-machine communication, benefiting various sectors, including the infrastructure of smart cities. The influence of 6G on the Internet of Things (IoT) and smart cities will be significantly bolstered by its capacity for real-time data processing, enhancing public safety and improving resource management. Furthermore, healthcare applications utilizing 6G technology are expected to yield substantial advancements in telemedicine and remote patient monitoring, ultimately improving health outcomes. Similarly, this technology will enhance consumer electronics by supporting next-generation connectivity standards, enabling richer multimedia experiences and smarter device interactions.
As a result, stakeholders are increasingly channeling investments into the development of 6G networks to capitalize on lucrative opportunities. Owing to the abovementioned factors, the 6G market is expected to increase at a steady pace during the forecast period.
Report Scope:
Type of Component
- Hardware
- Software
- Service
Type of Communication Infrastructure
- Fixed
- Mobile Broadband
- Mobile Cellular
Type of Application
- Blockchain and DLT
- Connected Robotics and Autonomous Systems
- Digital Twins
- Holographic Communication
- Internet of Everything
- Smart Cities
- Wireless Brain-Computer Interactions
- Others
Type of End User
- Consumer
- Enterprise
- Government
- Industrial
Geographical Regions
- North America
- US
- Canada
- Mexico
- Other North American countries
- Europe
- Austria
- Belgium
- Denmark
- France
- Germany
- Ireland
- Italy
- Netherlands
- Norway
- Russia
- Spain
- Sweden
- Switzerland
- UK
- Other European countries
- Asia
- China
- India
- Japan
- Singapore
- South Korea
- Other Asian countries
- Latin America
- Brazil
- Chile
- Colombia
- Venezuela
- Other Latin American countries
- Middle East and North Africa
- Egypt
- Iran
- Iraq
- Israel
- Kuwait
- Saudi Arabia
- UAE
- Other MENA countries
- Rest of the World
- Australia
- New Zealand
- Other countries
6G Market: Key Segments
Market Share by Type of Component
Based on type of component, the global 6G market is segmented into hardware, software, and services. According to our estimates, by 2035, hardware segment captures the majority share of the market. This can be attributed to the extensive array of communication systems associated with 6G, including base stations, modems, routers, chipsets, antennas, and more. These components are specifically engineered to address the increased demand for high-speed data transmission and uninterrupted connectivity across various sectors, ranging from multisensory extended reality to digital twins.
However, software segment is anticipated to grow at a relatively higher CAGR during the forecast period, owing to its crucial role in the 6G network by incorporating AI and automation for smooth operation.
Market Share by Type of Communication Infrastructure
Based on type of communication infrastructure, the 6G market is segmented into fixed, mobile broadband, and mobile cellular. According to our estimates, by 2035, the mobile cellular segment captures the majority of the market. This can be attributed to its ability to support widespread applications and the special capabilities required for advanced connectivity. Additionally, it is expected to enable high-speed connections and improved bandwidth for crucial applications like autonomous systems and the Internet of Everything (IoE).
However, the fixed communication infrastructure is anticipated to grow at a relatively higher CAGR during the forecast period, owing to its ability in delivering stable and high-performance connections, especially in industrial and enterprise settings.
Market Share by Type of Application
Based on type of application, the 6G market is segmented into blockchain and DTL, connected robotics and autonomous systems, digital twins, holographic communication, internet of everything, smart cities, wireless brain-computer interactions, and others. According to our estimates, by 2035, holographic application segment captures the majority share of the market. This can be attributed to the capabilities of the 6G network, which has the potential to transform various sectors by providing ultra-fast data speeds and reduced latency. However, connected robotics and autonomous systems segment is anticipated to grow at a relatively higher CAGR during the forecast period.
Market Share by Type of End User
Based on type of end user, the 6G market is segmented into consumer, enterprise, government, and industrial. According to our estimates, by 2035, the government segment captures the majority share of the market. 6G technology has the potential to revolutionize various areas within the government sectors, including law enforcement, military, and defense among others.
As government organizations are currently experiencing enhanced operational efficiency and accuracy through high-speed connectivity enabled by 5G, the introduction of 6G is expected to offer improved security through advanced encryption and AI-driven security solutions. However, the consumer segment is expected to witness a higher CAGR during the forecast period.
Market Share by Geographical Regions
Based on geographical regions, the 6G market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, by 2035, North America captures the majority share of the market. Additionally, market in Asia is expected to grow at a relatively higher CAGR during the forecast period, owing to China’s increasing efforts toward advancements in 6G technology. By launching the world's first satellite to test a 6G architecture that incorporates AI, China aims to establish itself as a leader within the telecommunications sector.
Sample Players in 6G Market Profiled in the Report Include
- Airtel
- AT&T
- China Mobile
- China Unicorn
- Ciena
- Deepsig
- Deutsche Telekom
- Ericsson
- HPE
- Jio
- KDDI
- KT
- Media Tek
- National Instruments
- NTT DoCoMo
- Orange
- Qualcomm Technology
- Rakuten Mobile
- Singtel
- SK Telecom
- Telefonica
- T-Mobile
- Verizon
- Vodafone
6G Market: Research Coverage
The report on the 6G market features insights on various sections, including:
- Market Sizing and Opportunity Analysis: An in-depth analysis of the 6G market, focusing on key market segments, including [A] type of component, [B] type of communication infrastructure, [C] type of application, [D] type of end user, and [E] geographical regions.
- Competitive Landscape: A comprehensive analysis of the companies engaged in the 6G market, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters and [D] ownership structure.
- Company Profiles: Elaborate profiles of prominent players engaged in the 6G market, providing details on [A] location of headquarters, [B]company size, [C] company mission, [D] company footprint, [E] management team, [F] contact details, [G] financial information, [H] operating business segments, [I] 6G portfolio, [J] moat analysis, [K] recent developments, and an informed future outlook.
- Megatrends: An evaluation of ongoing megatrends in 6G industry.
- Patent Analysis: An insightful analysis of patents filed / granted in the 6G domain, based on relevant parameters, including [A] type of patent, [B] patent publication year, [C] patent age and [D] leading players.
- Recent Developments: An overview of the recent developments made in the 6G market, along with analysis based on relevant parameters, including [A] year of initiative, [B] type of initiative, [C] geographical distribution and [D] most active players.
- Porter’s Five Forces Analysis: An analysis of five competitive forces prevailing in the 6G market, including threats of new entrants, bargaining power of buyers, bargaining power of suppliers, threats of substitute products and rivalry among existing competitors.
- SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.
- Value Chain Analysis: A comprehensive analysis of the value chain, providing information on the different phases and stakeholders involved in the 6G market.
Key Questions Answered in this Report
- How many companies are currently engaged in 6G market?
- Which are the leading companies in this market?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
Reasons to Buy this Report
- The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
- Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
- The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
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Table of Contents
SECTION I: REPORT OVERVIEW
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Airtel
- AT&T
- China Mobile
- China Unicorn
- Ciena
- Deepsig
- Deutsche Telekom
- Ericsson
- HPE
- Jio
- KDDI
- KT
- Media Tek
- National Instruments
- NTT DoCoMo
- Orange
- Qualcomm Technology
- Rakuten Mobile
- Singtel
- SK Telecom
- Telefonica
- T-Mobile
- Verizon
- Vodafone
Methodology
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