The 6g market size is expected to see exponential growth in the next few years. It will grow to $20.46 billion in 2028 at a compound annual growth rate (CAGR) of 29.3%. The growth in the forecast period can be attributed to sustainable and green communication, spectrum innovation, security and privacy concerns, global standardization efforts, industry-specific requirements. Major trends in the forecast period include emerging technologies integration, international collaboration, global digital transformation, technological advancements, terahertz (thz) communication.
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Scope Of 6G Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
6G Market Overview
Market Drivers –
The growing internet connectivity is anticipated to fuel the 6G market. Internet connectivity refers to the ability of individuals or devices to be linked to the Internet, facilitating data access and communication. 6G is used in internet connectivity to enable internet devices to attain maximum speeds of one terabit per second (TBPS) and allows for highly efficient and reliable connectivity even with a massive number of connected devices. For instance, in February 2021, according to DataReportal, a Singapore-based online reference library, in 2022, 92.0% of the entire population in the US had internet access and between 2021 and 2022, the number of internet users in the US increased by 8.4 million, or 2.8%. Therefore, the growing internet connectivity is driving the 6G market.
Market Trends –
Major companies in the 6G market are focused on adopting advanced technology products that utilize software, such as electronic design automation (EDA) software, to anticipate the requirements for 6G wireless communications development and gain a competitive edge in the market. The electronic design automation (EDA) software suite is a comprehensive toolset facilitating the automated design and verification of electronic circuits and systems. For instance, in June 2023, Keysight Technologies Inc., a US-based electronics company, launched its PathWave ADS 2024, an electronic design automation (EDA) software suite for chip designers, providing capabilities for 5G and 6G wireless communications. It addresses challenges in mmWave frequency bands, offering solutions for signal loss, complex packaging, and design issues. The software enhances simulation with faster 3D electromagnetic analysis, streamlined workflows for RF components, and improved electrothermal simulation for microwave power amplifiers.
The 6g market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Device: Networking Devices, IoT and Edge-Computing Devices, Mobile Devices, Other Devices
3) By Application: Digital Twins, Blockchain, Smart Cities
4) By End-User Vertical: Agriculture, Automotive, Healthcare, Government, Manufacturing, Other End-user Verticals
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Regional Insights –
North America was the largest region in the 6G market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 6g market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the 6g market report are Apple Inc, Google LLC, Samsung Electronics Co Ltd, Verizon Communications Inc, AT&T Inc, Nippon Telegraph and Telephone Corporation (NTT), Huawei Technologies Co Ltd, Sony Corporation, T-Mobile US Inc, LG Corporation, Intel Corporation, Cisco Systems Inc, Orange SA, Qualcomm Incorporated, Mitsubishi Electric Corporation, Broadcom Inc, Fujitsu Limited, Telefonaktiebolaget LM Ericsson , Nokia Corporation, NEC Corporation, MediaTek Inc, ZTE Corporation, SK Telecom Co Ltd, Keysight Technologies Inc, Ciena Corporation, Rohde & Schwarz, Xilinx Inc, National Instruments Corporation, InterDigital Inc, DeepSig Inc
Table of Contents
1. Executive Summary
2. 6G Market Report Structure
3. 6G Market Trends And Strategies
4. 6G Market – Macro Economic Scenario
5. 6G Market Size And Growth
…..
27. 6G Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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