6G Market by Vertical (Agriculture, Automotive, Educational and entertainment, Health, Manufacturing, Public safety), by Application (Multi sensory extended reality, Blockchain), by Deployment Device & Region - Global Forecast to 2030
Global 6G Market Size 2030 – Worldwide
The global 6G Market size was valued at USD 5.1 billion in 2023 and is expected to grow at a CAGR of 34.2% from 2023 to 2030. The revenue forecast for 2030 is projected to reach $40.2 billion. The base year for estimation is 2023, and the historical data spans from 2023 to 2030.
The growth of the 6G market is primarily driven by the increasing demand for high-speed and reliable connectivity and the adoption of advanced technologies. The 6G market is being fueled by the need for businesses and consumers to meet the growing requirements of data-intensive applications and emerging technologies such as augmented reality, virtual reality, and the Internet of Things (IoT).
To know about the assumptions considered for the study, Request for Free Sample Report
To know about the assumptions considered for the study, download the pdf brochure
6G Market Dynamics
Driver: Accelerating Demand for Ultra-High-Speed and Reliable Connectivity
The world is becoming increasingly interconnected and reliant on digital technologies, and there is a growing need for faster and more reliable networks to support a wide range of applications. From streaming high-definition content to enabling real-time communication and powering emerging technologies like autonomous vehicles and smart cities, the demand for ultra-high-speed and reliable connectivity is expected to grow rapidly. 6G technology aims to meet this demand by providing unprecedented speeds, low latency, and seamless connectivity, revolutionizing industries and enhancing the overall digital experience for individuals and businesses alike.
Restraint: Complex Infrastructure Requirements and Investment Challenges
Building the infrastructure for 6G requires significant equipment, spectrum allocation, and network deployment investments. The deployment of 6G networks also requires extensive planning, coordination, and collaboration among various stakeholders, including network operators, governments, and technology providers. Additionally, implementing 6G networks may face regulatory challenges and require the development of new standards and protocols.
Opportunity: Unlocking Innovation and New Business Models
The ultra-high-speed, low latency and massive connectivity capabilities of 6G networks open up possibilities for transformative applications and services. Industries such as healthcare, transportation, manufacturing, and entertainment can leverage the power of 6G to enhance efficiency, improve productivity, and deliver immersive experiences. Moreover, the introduction of 6G technology can enable the emergence of new business models, facilitating novel revenue streams and economic growth. The opportunity lies in harnessing the full potential of 6G technology to drive innovation, disrupt traditional industries, and create new value propositions for businesses and consumers.
Challenge: Ensuring Data Security and Privacy in a Connected World
With the proliferation of connected devices and the rise of data-driven applications, there is a need for robust security measures to protect sensitive information and prevent unauthorized access. The challenge lies in developing advanced encryption protocols, implementing secure authentication mechanisms, and establishing stringent data protection regulations. Additionally, as 6G networks enable the collection of vast amounts of data, there is a need for effective data governance frameworks to ensure transparency, accountability, and user consent in the handling of confidential information.
6G Market Ecosystem
The 6G market is driven by prominent companies that have established themselves as leaders in the industry. These companies are well-established, financially stable, and have a proven track record in providing innovative solutions and services in the telecommunications sector. They possess a diverse product portfolio that spans infrastructure, devices, applications, and services, enabling them to cater to the market's evolving needs. With state-of-the-art technologies and extensive research and development capabilities, these companies are at the forefront of driving the advancement of 6G technology.
By Vertical, the Manufacturing segment expected to hold largest share during the forecast period.
With the advent of 6G technology, manufacturing industries are set to undergo a significant transformation. The integration of 6G networks revolutionizes manufacturing processes, enabling enhanced automation, connectivity, and data exchange. The Manufacturing Internet of Things (IoT) is expected to play a pivotal role in this sector, enabling seamless communication between machines, devices, and systems. The use of 6G networks facilitates real-time monitoring and control of manufacturing operations, optimizing production efficiency, reducing downtime, and improving overall productivity. Implementing advanced technologies such as artificial intelligence, robotics, and augmented reality in manufacturing processes further propel the sector's growth.
By Deployment Device, the Smartphones segment expected to hold largest share during the forecast period.
As the next-generation wireless technology, 6G aims to revolutionize the smartphone experience by delivering unprecedented connectivity, speed, and capabilities. With 6G networks, smartphones can offer ultra-fast download and upload speeds, seamless streaming of high-definition content, and virtually lag-free gaming experiences. Moreover, 6G's low latency and high reliability enables advanced functionalities such as real-time augmented reality, virtual reality, and immersive multimedia experiences. The smartphones segment is set to witness significant growth as manufacturers incorporate 6G capabilities into their devices, empowering users with enhanced connectivity and a wide range of innovative features. The growing demand for high-performance smartphones coupled with the anticipated rollout of 6G networks creates a favorable environment for the smartphones segment to dominate the 6G market in the coming years.
By Region, North Americaexpected to hold largest share during the forecast period.
North America is expected to hold the largest share during the forecast period. The region's dominance can be attributed to several factors contributing to its strong position in adopting and developing advanced technologies. North America is home to major players in the telecommunications industry, including renowned companies and innovative startups. These organizations are at the forefront of 6G research, development, and deployment, driving growth and advancements in the market. Additionally, North America boasts a highly developed infrastructure, including extensive network coverage and high-speed internet connectivity, laying a solid foundation for implementing 6G networks. The supportive government initiatives and favorable regulatory policies contribute to the growth of the 6G market in North America.
Top Companies in 6G Market
This research study outlines the market potential, market dynamics, and key and innovative companies in the 6G market include
- AT&T (US)
- Broadcom (US)
- Cisco (US)
- DeepSig (US)
- Ericsson (Sweden)
- Fujitsu (Japan)
- Google (US)
- Huawei (China)
- InterDigital (US)
- Keysight (US)
- LG Corporation (South Korea)
- MediaTek (Taiwan)
- National Instrument Corp (US)
- NEC Corporation (Japan)
- Nokia (Finland)
- NTT DoCoMo (Japan)
- Orange (France)
The study includes an in-depth competitive analysis of these key players in the 6G market with their company profiles, recent developments, and key market strategies. These players have adopted various growth strategies, such as partnerships, agreements and collaborations, product launches and enhancements, and acquisitions to expand their footprint in the 6G market.
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Report Metrics |
Details |
Revenue Forecast Size in 2030 |
$40.2 Billion |
Market Size Value in 2023 |
$5.1 Billion |
Market Growth Rate |
34.2% CAGR |
6G Market Drivers |
|
6G Market Opportunities |
|
Fastest Growing Market |
APAC |
Market size available for years |
2023-2030 |
Forecast period |
2023–2030 |
Forecast units |
Value (USD) Million/Billion |
Segments covered |
Vertical, Application, Deployment Device, and Region |
Region covered |
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America |
Companies covered |
AT&T (US), Broadcom (US), Cisco (US), DeepSig (US), Ericsson (Sweden), Fujitsu (Japan), Google (US), Huawei (China), InterDigital (US), Keysight (US), LG Corporation (South Korea), MediaTek (Taiwan), National Instrument Corp (US), NEC Corporation (Japan), Nokia (Finland), NTT DoCoMo (Japan), Orange (France), Qualcomm (US), Reliance Jio (India), Samsung (South Korea), SK Telecom (South Korea), Sony (Japan), T-Mobile (US), Verizon (US), China Mobile (China), ZTE (China) |
This research report categorizes the 6G market to forecast revenues and analyze trends in each of the following submarkets:
Based on Vertical:
- Agriculture
- Automotive
- Educational and entertainment
- Health
- Manufacturing
- Public safety
- Others
Based on Application:
- Multi sensory extended reality
- Networked enabled robotic and autonomous systems
- Blockchain
- Distributed sensing and communications
- Others
Based on Deployment Device:
- Smartphones
- Tablets
- Wearables
- Internet of Things (IoT) devices
- Others
Based on Region:
-
North America
- US
- Canada
-
Europe
- UK
- Germany
- Italy
- France
- Spain
- Rest of Europe
-
Asia Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia Pacific
-
Middle East and Africa
- KSA
- UAE
- South Africa
- Rest of Middle East & Africa
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
Recent Developments
- March 2023 - In order to enable research on new network technologies, the Indian government announced the official 6G testbed project as well as India's 6G mission, which anticipates a focused initiative for next-generation technology in India. The government has formed a top-tier committee to oversee the Bharat 6G initiative.
- November 2022 - Ericsson, a networking equipment manufacturer, has said that it will contribute millions of pounds to 6G mobile research in Britain, collaborating with universities on projects involving hardware security, AI and cognitive networks, and quantum computing.
- October 2022 - To support the development of 5G ecosystems and advance 6G research in Europe, the Smart Networks and Services Joint Undertaking (SNS JU) has chosen its initial portfolio of 35 research, innovation, and trial projects. The goal is to create a world-class European supply chain for cutting-edge 5G systems and expand Europe's 6G technology capacities with total funding for this new portfolio of about €250 million under Horizon Europe.
- April 2021 - The German government has announced plans to provide up to 700 million euros ($833 million) in financing for research into 6G technologies by 2025.
Frequently Asked Questions (FAQ):
How much is the 6G Market?
What is the 6G Market growth?
What is the future of 6G Industry?
Who are the key players in the 6G market?
What is the leading hub of 6G market?
What is 6G Market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
This research study involved extensive secondary sources, directories, and databases, such as D&B Hoovers and Bloomberg BusinessWeek, to identify and collect information useful for this technical, market-oriented, and commercial study of the global 6G market. The primary sources were several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, Service Providers (SPs), technology developers, alliances, and organizations related to all the segments of this industry’s value chain. In-depth interviews were conducted with various primary respondents that included key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information as well as assess prospects.
Secondary Research
In the secondary research process, various secondary sources were referred to identify and collect information for the study. These included journals, annual reports, press releases, investor presentations of companies and white papers, certified publications, and articles from recognized associations and government publishing sources. Secondary research was mainly used to obtain key information about industry insights, the market’s monetary chain, the overall pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for the report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Chief Technology Officers (CTOs), Chief Operating Officers (COOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the 6G market. The primary sources from the demand side included consultants/specialists, Chief Information Officers (CIOs), and subject-matter experts.
The Breakup of Primary Research:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Multiple approaches were adopted to estimate and forecast the 6G market. The first approach involved estimating the market size by summating companies’ and countries investments through 6G solutions.
Both top-down and bottom-up approaches were used to estimate and validate the total size of the 6G market. The research methodology used to estimate the market size includes the following:
- Key players in the market have been identified through extensive secondary research.
- In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.
6G Market Size: Bottom-Up Approach
To know about the assumptions considered for the study, Request for Free Sample Report
6G Market Size: Top-Down Approach
Data Triangulation
The data triangulation procedures were used to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with data triangulation and market breakdown, the market size was validated by the top-down and bottom-up approaches.
Market Definition
The 6G market represents the next generation of wireless communication that transforms the way we connect, communicate, and interact with technology. Building upon the advancements of 5G, 6G is set to deliver unprecedented speed, ultra-low latency, and massive connectivity, opening up new possibilities across industries. With its unparalleled speed, low latency, and massive connectivity capabilities, 6G unlocks new opportunities in XR, networked-enabled robotics, and beyond.
Key Stakeholders
- Satellite Operators
- Mobile Operators
- Government Organizations
- Investors and Venture Capitalists
- Government and Financial Institutions
- Research Institutes and Organizations
Report Objectives
- To determine, segment, and forecast the global 6G market based on vertical, application, deployment device, and region in terms of value
- To forecast the size of the market’s segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Latin America, Middle East & Africa (MEA)
- To provide detailed information about the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the 6G market
- To study the complete value chain and related industry segments and perform a value chain analysis of the 6G market landscape
- To strategically analyze macro and micromarkets with respect to individual growth trends, prospects, and contributions to the total 6G market
- To analyze industry trends, regulatory landscape, and patents & innovations related to the 6G market
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the 6G market
- To profile key players in the market and comprehensively analyze their market share/ranking and core competencies
- To track and analyze competitive developments, such as mergers and acquisitions, a new product launched and product developments, partnerships, agreements, and collaborations, business expansions, and Research & Development (R&D) activities, in the market
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Geographic Analysis
- Additional country-level analysis of the 6G market
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in 6G Market