6G Market Analysis

6G Market Overview

The 6G market is expected to account for USD 13,690.9 million in 2030 and is expected to surpass USD 340,510.2 million by 2040, exhibiting a compound annual growth rate (CAGR) of 28.10% during the forecast period (2031 - 2040).

In the coming years, 6G technology is expected to evolve as a new version of the global mobile standard, adding new capabilities to 5G, and 4G/LTE services. Initially, the growing need for 6G communication across industries and high emphasis on low latency networks for specific applications are driving the growth of the market.

Figure 1: 6G Market Size, 2029-2040 (USD Billion)

6G Technology Outlook

When compared to the 5G network, the 6G network is predicted to give a 100x increase in energy and volumetric spectral efficiency. Because of the vast interconnectedness, the 6G infrastructure will be exceedingly difficult. Between 2020 and 2030, global mobile data traffic is predicted to climb by 55% per year. By 2030, traffic growth is expected to create 5,016 exabytes (EBs) of monthly data. This vast volume of data, along with significant processing and learning capabilities, may be used to govern the network at various phases. To meet all of these requirements and visions for the future, the key drivers of the generational leap beyond present mobile communication systems would be a mix of societal necessities and technology breakthroughs that enhance those necessities. When these variables are taken together, they offer a compelling case for the next frontiers in wireless networks. 6G mobile technology capabilities go beyond the intelligence, dependability, scalability, and security of traditional mobile networks. They will enable satellite communication integration to establish a ubiquitous mobile network, in accordance with the requirement for a genuinely global wireless network presence.

6G Market Trends

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  Growing need for 6G communications

  
  

Eventually, 6G will have an even greater impact on how we do business, operate and manage our community infrastructures, and live, as will the evolution of all other technologies. 6G's promise is built on sensing, which is key to interacting with the physical environment and simulating it, extending to autonomous vehicles, smart factories, precision healthcare, and more. Developers would be eager to leverage 6G's anticipated attributes if it were available today. In addition to exceptional data rates and low latency, 6G will provide secure reliability, agility, and dynamic insights to support new and innovative applications in wireless connectivity, cognition, sensing, and imaging.

6G Market Segment Insights

6G Market Component Insights

The 6G Market, in this report, has been segmented on the basis of Component into Hardware, Software, and Services. There will be different types of communication systems involved in 6G, such as frequency bands, communication topologies, base stations (macro and micro), Modem, Modules, Routers/HubSpot, Chipset, antennas, and so on. Furthermore, the hardware configurations of the access points and mobile terminals will differ greatly. Massive Multiple-Input Multiple-Output (MIMO) will be upgraded from 5G to 6G, which may necessitate a more complicated design. It will also make the communication protocol and algorithm design more difficult.

September 2022: Nokia has inked an innovation-focused Memorandum of Understanding with Vodafone NZ to collaborate on the development of innovative applications and services enabled by Nokia's sophisticated mobile network technology. The two companies' 30 years of relationship in New Zealand are being commemorated by a collaborative arrangement that will accelerate the potential of Vodafone's enormous 4G/5G and 5G networks. In the future, businesses want to investigate the capabilities of 5G advanced and 6G networks.

6G Market Communication Infrastructure Insights

The 6G Market, in this report, has been segmented on the basis of Communication Infrastructure into Wireless, and Fixed. The 6G system is expected to provide simultaneous wireless connectivity that is 1000 times higher than 5G. The upcoming 5G wireless networks will build a foundation of intelligent networks that provide AI operations. It is estimated that by 2030, the capacity of 5G will reach its limit. Then, only 6G networks will be capable of completely intelligent network adaptation and management in order to provide sophisticated services. A fixed communications network is one that permits the transmission of signals via wireline or wireless facilities between points at fixed locations on a network. Rising use of fixed communication infrastructure in industries WILL help 6G to held the largest share in the market.

6G Market Application Insights

The 6G Market, in this report, has been segmented on the basis of Application into Multisensory XR Applications, Connected Robotics and Autonomous Systems (CRAS), Wireless Brain-Computer Interactions (BCI), Digital Twins, Smart Cities, Internet of Everything (IoE), and Others. XR will produce numerous game-changing applications for 6G throughout the AR/MR/VR spectrum. Due to their inability to achieve very low latencies for data-rate intensive XR applications, upcoming 5G systems will still fall short of providing a fully immersive XR experience that captures all sensory inputs. A fully immersive AR/MR/VR experience necessitates a collaborative design that incorporates not just engineering (wireless, processing, storage) but also perceptual needs derived from human senses, cognition, and physiology. It is clear that these 5G use cases cannot meet the technological criteria of 6G applications. As a result, several related research studied possible 6G utilization by expanding the scope of existing usage situations. Three new scenarios are expected to meet the needs of 6G use cases, covering the overlapping areas of 5G scenarios to form an integral set. To allow high-quality onboard communications and worldwide ubiquitous connections in the 6G era, MBB must be available across the whole Earth's surface, also known as ubiquitous MBB or ultra-mobile broadband.

6G Market End-Users Insights

The 6G Market, in this report, has been segmented on the basis of End User into Government, Consumer, Industrial, and Enterprise. Government & public sector is also emerging as the promising sector for the 6G technology. There are several applications of the 6G across the law enforcement, municipalities & offices operations, military personals, officers, and food inspectors, among others. Moreover, government agencies are rapidly embracing 5G technology in order to increase the speed as well as the accuracy of the operations. 6G networks will be more secure than their predecessors since they will employ modern encryption technology and artificial intelligence-based security mechanisms. This will help to ensure that data is kept secure and confidential, and that users' personal information is not compromised.

6G Market Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Geographically, North America is predicted to account for the highest proportion of the 6G Market due to the region's substantial presence of important companies, government initiatives, and a variety of other reasons. When it comes to promoting the next generation of communication technology, the United States is behind the curve. AT&T and Ericsson executives were elected to lead a US industry body's effort to promote North America as a leader in 6G networks. Canadians rely on a good Internet connection for work, school, money, and health care more than ever before, making access to high-quality and affordable services critical. As a result, the Canadian government is making spectrum accessible to promote competition, rural connectivity, and the effective deployment of Wi-Fi and 5G technologies.

The Asia Pacific region is predicted to have the greatest growth in the 6G Market due to the area's increased emphasis on satellite communication and improvements in this industry. China has launched the world's first 6G test satellite into orbit, greatly increasing market demand. On November 2021, the Department of Telecommunications established a Technology Innovation Group on 6G (TIG-6G) with members from various Ministries/Departments, research and development institutions, academia, standardization bodies, telecom service providers, and industry to develop a Vision, Mission, and Goals for 6G, as well as a roadmap and action plans for 6G in India.

Further, the countries considered in the scope of the 6G Market are the US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.

6G Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the 6G Market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the 6G industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

6G technology is scheduled to be commercially available by 2030. To boost capacity, minimize latency, and improve spectrum sharing, the technology makes more use of the distributed radio access network (RAN) and the terahertz (THz) spectrum. While some early conversations to define the technology have place, 6G research and development (R&D) efforts began in earnest in 2020. Advanced mobile communications technology, such as cognitive and highly secure data networks, will be required for 6G. Strong R&D capabilities allow companies to attain a competitive advantage over their peers, maintain a technological edge over their competitors, and stay ahead of industry trends.

Key Companies in the 6G Market include

• NOKIA


• HUAWEI TECHNOLOGIES CO. LTD.


• SAMSUNG ELECTRONICS


• ZTE CORPORATION


• TELEFONAKTIEBOLAGET LM ERICSSON


• QUALCOMM TECHNOLOGIES, INC.


• AT&T INC.


• LG ELECTRONICS


• HPE


• NTT DOCOMO INC.


• JIO INFOCOMM LTD.


• KEYSIGHT TECHNOLOGIES


• T-MOBILE


• CIENA CORPORATION


• INTEL CORPORATION

6G Industry Developments

• In August 2024, KT and LG began collaborating on the development of 6G technologies and standards with a special focus on wideband full duplex communication.


• In August 2024, TaiTech and Jio Platform Limited entered into a partnership with a focus on advancing telecommunications technology, particularly in the 5G, 5G advanced, and 6G space.


• In May 2024, NTT Corporation and NTT DOCOMO created the In-network Service Acceleration Platform (ISAP) for 6G, which abstracts the computing functions required by mobile devices and offloads them to the design. By embedding computing elements within the network architecture, ISAP enables a decrease in the response time and, in general, also improves the overall quality of service delivered in a more integrated manner, allowing applications like AR, smart cities and wearables to function much better. Simply put, this means that this development is altering the scope of mobile connectivity by offering an effective combination of networking with computer resources in anticipation of future needs for 6G.


• In May 2024, Rakuten and Stage X decided to cooperate on the 6G rollout in hopes of utilizing equipment from Rakuten Symphony and sharing their market knowledge with Rakuten.


• In February 2024, SK Telecom, in consortium with Intel, worked on an innovative network core technology that changes the cloud-native architecture paradigm. AI is also applied in this technology in order to cut down the delay in the 6G networks.


• March 2024- Nvidia has launched what it calls the 6G Research Cloud platform, which it hopes to verticalize by the year 2030 with a focus on integrating AI into radio access networks. Ansys, Arm and Nokia are among the platform’s key partners. The platform utilizes the NVIDIA Sionna Neural Radio Framework as a base to allow for ease in the training of AI models.


• In October 2022, Samsung revealed a new research unit based in the UK, which will focus on pushing the 6G envelope further with an emphasis on technologies for the year 2030. The Samsung group is part of a global project undertaking 6G development and will be headquartered at the Samsung R&D Institute UK in Staines-upon-Thames. Taking advantage of the UK’s rich telecom history, it will make excellent strides into the field of hyperconnectivity and consequently transform several industries for the better.

Intended Audience

• Telecommunications companies and service providers


• Network equipment manufacturers and suppliers


• Technology researchers and developers


• Government agencies and regulators


• Investors and financial institutions


• Academic and research institutions


• Industry associations and organizations


• Consulting firms and analysts


• End-users and consumers of technology products and services

6G Market Segmentation

6G Market Component Outlook

• Hardware


• Software


• Services

6G Market Communication Infrastructure Outlook

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  Wireless

  
  
  
  
  • Mobile Cellular
  
  
  • Mobile Broadband
  
  
  
  


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  Fixed

  
  

6G Market Application Outlook

• 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


• Others

6G Market End User Outlook

• Government


• Consumer


• Industrial


• Enterprise

6G Market Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • UK
  
  
  • France
  
  
  • Italy
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Middle East & Africa

  
  
  
  
  • Saudi Arabia
  
  
  • Qatar
  
  
  • UAE
  
  
  • Rest of Middle East & Africa
  
  
  
  


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  South America

  
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of South America