Global 6G Technology Market Overview
6G Technology Market was valued at USD 9.2 Billion in 2024 and is projected to grow at a CAGR of 35.4% to reach USD 145.2 Billion by 2034.
In telecommunications, 6G Technologyis the sixth generation standard currently under development for wireless communications technologies supporting cellular data networks. It is the planned successor to 5G and will likely be significantly faster like its predecessors, 6G networks will probably be broadband cellular networks, in which the service area is divided into small geographical areas called cells. Several companies (Nokia, Ericsson, Huawei, Samsung, LG, Apple), as well as several countries (China, South Korea, and Japan), have shown interest in 6G networks. 6G networks are expected to exhibit even more heterogeneity than its predecessors and to likely support applications beyond current mobile use scenarios, such as virtual and augmented reality (VR/AR), ubiquitous instant communications, pervasive intelligence and the IoT (Internet of Things). It is expected that mobile network operators will adopt flexible decentralized business models for 6G, with local spectrum licensing, spectrum sharing, infrastructure sharing, and intelligent automated management underpinned by mobile edge computing, artificial intelligence, short-packet communication and block chain technologies.
Global 6G Technology Market Drivers & Restraints
Growth of internet users and edge-computing devices
With the rapid development of mobile internet and Internet of Things applications, the conventional centralized cloud computing is encountering severe challenges, such as high latency, low Spectral Efficiency (SE), and non-adaptive machine type of communication. Motivated to solve these challenges, a new technology is driving a trend that shifts the function of centralized cloud computing to edge devices of networks.
Very large investment requirements
Very large investment is required for setting 6G network which might hampers the market of 6G.
Global 6G Technology Market Segmentations & Regional Insights
6G Technology Market is segmented based on Devices, Communication Infrastructure, End-User and region.
On the basis of Devices, the 6G Technology Market is segmented into Mobile Devices, IoT and Edge-Computing Devices, Networking Devices and Others. Based on Communication Infrastructure, the target market is segmented into Wireless, Mobile Cellular, Mobile Broadband and Fixed. On the basis of End-User, the target market is segmented into Consumer, Mobile, M2M, Computing, Industrial & Enterprise and Others.
Regional Insights:
On region the Global 6G Technology Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
6G Technology Market Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Million & CAGR from 2024 – 2034 |
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Market Segmentation |
By Device- Mobile Devices, IoT and Edge-Computing Devices, Networking Devices and Others By Communication Infrastructure- Wireless, Mobile Cellular, Mobile Broadband and Fixed By End User– Consumer, Mobile, M2M, Computing, Industrial & Enterprise and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global 6G Technology Market report based on Device, Communication infrastructure, End-User and region.
6G Technology Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global 6G Technology Market Competitive Landscape & Key Players
The key players operating in the Global 6G Technology Market includes Apple Inc., Nokia Corporation, AT&T Inc., T-Mobile US, Inc., Verizon Communications Inc., Intel Corporation, Huawei Technologies Co., Ltd., LG Corporation, Cisco Systems, Inc., and Sony Corporation. For instance, South Korean technology giant Samsung on Tuesday claimed to have achieved 50 times faster speed in 6G research compared to 5G.
Global 6G Technology Market Company Profile
- Apple Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nokia Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AT&T Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- T-Mobile US, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Verizon Communications Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Intel Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Huawei Technologies Co., Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- LG Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cisco Systems, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sony Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global 6G Technology Market Highlights
FAQs
The 6G Technology Market is segmented into Devices, Communication Infrastructure, End-User and region.
Factors include the need for faster and more reliable wireless communication, advancements in AI and IoT, and the demand for enhanced connectivity and data speeds, driving global growth in the 6G technology market.
Challenges include infrastructure development complexities, potential security and privacy concerns, and standardization issues, posing restraints on the global market.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the target market includes, Apple Inc., Nokia Corporation, AT&T Inc., T-Mobile US, Inc., Verizon Communications Inc., Intel Corporation, Huawei Technologies Co., Ltd., LG Corporation, Cisco Systems, Inc., and Sony Corporation.