Home About Us Industry Report Store Resources Contact us

6G Network Market To Reach USD 13,456 Million By Year 2030

The 6G Network Market Size Was Valued at USD 1,743.84 Million in 2022, and is Projected to Reach USD 13,456 Million by 2030, Growing at a CAGR of 29.1% From 2023-2030.

25-01-2024
Swati Kalagate
IT and Telecom
Pristine Intelligence

Market Overview

The 6G Network Market Size Was Valued at USD 1,743.84 Million in 2022, and is Projected to Reach USD 13,456 Million by 2030, Growing at a CAGR of 29.1% From 2023-2030.

"6G" refers to the sixth generation of wireless communication technology, expected to succeed 5G networks. While 5G is still being rolled out globally, researchers and industry experts are already exploring the potential capabilities and features of 6G. 6G aims to provide even faster data speeds , lower latency, and more advanced capabilities than its predecessor.

6G Network is envisioned to enable transformative applications across various sectors. One key area is the Internet of Things (IoT), where 6G could support massive device connectivity, allowing seamless communication between countless devices. In healthcare, it could facilitate real-time remote surgeries through ultra-reliable and low-latency connections. Augmented Reality (AR) and Virtual Reality (VR) experiences are expected to be more immersive and responsive with 6G, enhancing gaming, education, and remote collaboration. Additionally, 6G is anticipated to play a crucial role in autonomous vehicles, enabling faster and more reliable communication for vehicle-to-everything (V2X) applications.

While 6G is still in the early development stages, it has garnered significant attention from governments, telecommunications companies, and technology researchers worldwide. Countries like China, the United States, South Korea, and several European nations are actively investing in 6G research and development to gain a competitive edge in the global market.

Major Industry Participants in the 6G Network Market

    • 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
    • Othe Major Players

Market Dynamics and Contributing Factors

The Internet of Things (IoT) is undergoing exponential growth, poised to connect billions of sensors, wearable devices, and autonomous machines by 2030. This proliferation of connected devices presents a complex and intricate landscape that demands advanced technological solutions. Enter 6G, the next generation of wireless communication. 6G is anticipated to play a pivotal role in managing the vast and interconnected web of IoT devices. With superior capabilities, 6G will offer unprecedented speed, bandwidth, and reliability, addressing the escalating demands of a hyper-connected world. The need for faster data transmission, ultra-low latency, and seamless connectivity in the IoT ecosystem makes 6G technology indispensable. Operating at Terahertz (THz) frequencies presents formidable challenges in the realm of technology. Firstly, the utilization of Terahertz waves encounters a substantial hurdle in the form of high signal attenuation. As these frequencies approach the upper limits of the electromagnetic spectrum, the transmission of signals becomes increasingly susceptible to absorption and scattering, limiting the effective range of communication systems. The limited penetration capability of Terahertz waves adds another layer of complexity. Terahertz radiation struggles to penetrate most materials, including clothing and biological tissues. This limitation hinders applications such as medical imaging and security screening, where effective penetration is crucial for accurate results. , Power consumption emerges as a significant concern in Terahertz technology. The development of devices capable of generating and detecting Terahertz waves often requires substantial power, presenting challenges in terms of energy efficiency and the potential for overheating.

Key Insights in the 6G Network Market Report

    • By application, 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
    • By end-user, Government & public sector is also emerging as the promising sector for the 6G technology. There are several applications of the 6G across law enforcement, municipalities & office operations, military personnel, officers, and food inspectors, among others.
    • By region, 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 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.

Significant Industry Development

    • In July 2022, in a ground-breaking initiative, Deutsche Telekom (DT) assumed a pioneering role in the 6G-TakeOff research project, generously funded by the German Federal Ministry of Education and Research. The telecommunications giant is spearheading a consortium dedicated to the creation of a cohesive 6G architecture for communication networks. This ambitious endeavor will encompass ground stations, airborne infrastructure platforms, and satellites, paving the way for the next generation of advanced and seamless connectivity.
    • In May 2021, Huawei plans to release the first 6G devices around 2030. In the upcoming years, the corporation will define 5.5G and conduct 6G research simultaneously. However, Xu pointed out that there are geopolitical uncertainties that could still prevent Huawei from selling 6G products in foreign markets, casting a shadow over the research and development of 6G technology.

6G Network Market Segmentation

By Component

    • Hardware
    • Software
    • Services

By Infrastructure

    • Wireless
    • Mobile Cellular
    • Mobile Broadband
    • Fixed

By 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

By End-User

    • Government
    • Consumer
    • Industrial
    • Enterprise

For this report, Introspective Market Research has segmented the 6G Network Market based on region.

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

North America

    • The U.S.
    • Canada
    • Mexico

Eastern Europe

    • Bulgaria
    • The Czech Republic
    • Hungary
    • Poland
    • Romania
    • Rest of Eastern Europe

Western Europe

    • Germany
    • UK
    • France
    • Netherlands
    • Italy
    • Russia
    • Spain
    • Rest of Western Europe

Asia Pacific

    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Thailand
    • Vietnam
    • The Philippines
    • Australia
    • New-Zealand
    • Rest of APAC

Middle East & Africa

    • Turkey
    • Bahrain
    • Kuwait
    • Saudi Arabia
    • Qatar
    • UAE
    • Israel
    • South Africa

South America

    • Brazil
    • Argentina
    • Rest of SA
Pristine Intelligence

Conatct Us

Would you like to get in touch? We'll be happy to talk!

Press Contact