Global 6G Market Size is Set to Growth Rate at a CAGR of 28.10% Approximately by 2031-2040
Research Reports
Jun 22, 2023
Market Research Future Insights
According to MRFR analysis, the global 6G market is expected to register a CAGR of 28.1% from 2031 to 2040 and hold a value of over USD 13,690.9 Million by 2040.
The 6G market refers to the emerging market for the sixth generation of wireless technology, which is expected to succeed 5G in the coming years. 6G is envisioned as an advanced wireless network that will offer significantly faster speeds, lower latency, enhanced connectivity, and a wide range of new applications and services. It is expected to revolutionize various industries and enable technologies such as augmented reality (AR), virtual reality (VR), Internet of Things (IoT), autonomous vehicles, and more. The COVID-19 pandemic has had both positive and negative impacts on the 6G market. On the positive side, the pandemic has highlighted the importance of reliable and high-speed connectivity as people have relied heavily on the internet for remote work, online education, telemedicine, and entertainment during lockdowns. This increased demand for connectivity has further emphasized the need for advanced wireless technologies like 6G.
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Key Players
Some of the market key players are,
- Nokia
- Samsung Electronics
- Huawei Technologies Co. Ltd
- Telefonaktiebolaget Lm Ericsson
- Qualcomm Technologies Inc.
- At&T Inc.
- Lg Electronics
- Hpe, Ntt Docomo Inc.
- Zte Corporation
- Jio Infocomm Ltd
- Keysight Technologies
- T-Mobile
- Ciena Corporation
- Intel Corporation
Regional Analysis
At this point, since my knowledge cutoff is in September 2021, there are no specific regions or countries that have commercially deployed 6G networks, as 6G technology is still in the early research and development stage. However, it is expected that major economies such as the United States, China, South Korea, Japan, and European countries will be at the forefront of 6G development and deployment, building upon their existing expertise in wireless technology. These regions have been leading in previous generations of wireless technology and are likely to continue investing in research, infrastructure, and standardization efforts to establish themselves as key players in the 6G market. Collaboration between academia, industry stakeholders, and government bodies will be crucial in driving 6G innovation and creating a favorable ecosystem for its adoption.
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Market Segmentation
The Global 6G market has been segmented into Component, Communication Infrastructure, Application and End User
Based on Component: Hardware, Software and Services
Based on Communication Infrastructure: Wireless, Mobile Cellular, Mobile Broadband and Fixed
Based on Application: Multisensory XR Applications, Connected Robotics and Autonomous Systems (CRAS), Wireless Brain-Computer Interactions (BCI), Digital Twins, Smart Cities, Internet of Everything (IoE), Blockchain and DLT and Others
Based on End User: Government, Consumer, Industrial and Enterprise
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