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Global 6G Market Report and Forecast 2024-2032
Market Report I 2024-03-28 I 168 Pages I EMR Inc.
Global 6G Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global 6G market size reached a value of USD 5.33 billion in 2023. Aided by the ultra-high speeds, lower latency, and massive data capacity, the market is projected to further grow at a CAGR of 11.50% between 2024 and 2032 to reach a value of USD 12.91 billion by 2032.
6G aims to build on the foundation laid by 5G, targeting improvements in connectivity, data rates (potentially in the terabits-per-second range), and energy efficiency. This leap forward is expected to drive unprecedented innovation in industrial sectors ranging from telemedicine and automated transportation to smart cities and beyond, fostering a more connected and intelligent world.
As per the 6G market analysis, research into 6G technology focuses on cutting-edge innovations such as the use of higher frequency bands (sub-terahertz and terahertz), advanced antenna technologies, and novel network architectures. These developments are anticipated to overcome the limitations of current wireless technology, offering wider coverage, incredibly high-speed data transmission, and the capacity to connect a vast number of devices seamlessly.
As per the 6G market outlook, the applications of 6G technology could redefine the boundaries of digital interaction, enabling services like holographic communications, ultra-precise location-based services, and next-generation IoT applications. Moreover, 6G is expected to play a crucial role in advancing autonomous systems, from vehicles to drones, by providing the ultra-reliable, low-latency communication essential for their operation.
The global 6G market growth will likely be propelled by the increasing demand for higher data speeds and more reliable connections, supporting the burgeoning number of connected devices and data-intensive applications. Government initiatives and public-private partnerships are expected to play a pivotal role in funding 6G research and development, setting regulatory frameworks, and fostering international collaboration to standardise 6G technology.
AI and machine learning algorithms will play a central role in optimising network operations, managing resources, and ensuring security within 6G networks, which can propel the 6G market expansion. These technologies will enable predictive analytics, autonomous network management, and personalised user experiences, making networks more intelligent and adaptive. 6G may also leverage advancements in quantum computing and quantum communications, offering breakthroughs in data security through quantum encryption. This could lead to ultra-secure communication channels, resistant to eavesdropping and cyber-attacks.
Enhanced network slicing and virtualisation techniques will allow 6G networks to provide tailored connectivity solutions for different applications, ranging from autonomous vehicles and IoT devices to telemedicine and smart city infrastructures, contributing to the 6G market share. This will enable more efficient use of network resources and better isolation of services. With the increasing focus on climate change and sustainability, 6G networks will be designed with energy efficiency in mind. Innovations in hardware and network architecture, along with the use of renewable energy sources, will aim to minimise the environmental impact of telecommunications infrastructure.
6G also aims to achieve truly ubiquitous connectivity, extending reliable, high-speed internet access to remote and underserved areas. This could involve the use of satellite networks, unmanned aerial vehicles (UAVs), and other non-traditional network nodes to fill coverage gaps left by terrestrial networks.
The vision for 6G market remains largely conceptual, with its full potential yet to be uncovered. However, the global interest and ongoing research into 6G underscore the collective ambition to push the boundaries of what is possible in digital communication. The journey toward 6G will undoubtedly be marked by groundbreaking technological milestones, shaping the future of connectivity and opening new horizons for technological innovation and digital inclusion.
Market Segmentation
The market can be divided based on device, industry vertical, and region.
Market Breakup by Device
- Mobile Devices
- IoT and Edge Computing Devices
- Others
Market Breakup by Industry Vertical
- Agriculture
- Automotive
- Healthcare
- Government
- Manufacturing
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global 6G market. Some of the major players explored in the report by Expert Market Research are as follows:
- Broadcom Inc.
- Cisco Systems, Inc.
- Telefonaktiebolaget LM Ericsson
- Huawei Technologies Co., Ltd.
- Nokia Corporation
- AT&T Inc.
- NTT Docomo, Inc.
- Orange SA
- NEC Corporation
- Fujitsu Limited
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global 6G Market Analysis
8.1 Key Industry Highlights
8.2 Global 6G Historical Market (2018-2023)
8.3 Global 6G Market Forecast (2024-2032)
8.4 Global 6G Market by Device
8.4.1 Mobile Devices
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 IoT and Edge Computing Devices
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global 6G Market by Industry Vertical
8.5.1 Agriculture
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Automotive
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Healthcare
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Government
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Manufacturing
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global 6G Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America 6G Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe 6G Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific 6G Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America 6G Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa 6G Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Broadcom Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Cisco Systems, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Telefonaktiebolaget LM Ericsson
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Huawei Technologies Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Nokia Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 AT&T Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 NTT Docomo, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Orange SA
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 NEC Corporation
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Fujitsu Limited
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global 6G Market: Key Industry Highlights, 2018 and 2032
2. Global 6G Historical Market: Breakup by Device (USD Billion), 2018-2023
3. Global 6G Market Forecast: Breakup by Device (USD Billion), 2024-2032
4. Global 6G Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
5. Global 6G Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
6. Global 6G Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global 6G Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America 6G Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America 6G Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe 6G Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe 6G Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific 6G Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific 6G Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America 6G Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America 6G Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa 6G Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa 6G Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global 6G Market Structure
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