The global 6G Market to exhibit USD 52.54 Billion by 2032 and is expected to grow at a CAGR of 136.98% during the forecast period from 2023 to 2032. New digital-era business models are rapidly altering and upsetting old sectors, and the telecoms industry is no exception. The growth and revolution of wireless network technology will alter businesses by providing wireless services at hundreds of gigabits per second speeds, sub-millisecond latencies, support for a diverse variety of unique applications linking billions of devices and objects, and adaptability through virtualization, enabling creative business models across different sectors.
The current 5G connection industry is still dominated by established mobile network operators (MNOs), whose companies are built around mass service providing, have made significant infrastructure investments in advance, and have been awarded exclusive long-term licenses by the regulatory bodies.
Figure 1: GLOBAL 6G MARKET
COVID-19 Impact on 6G Market
Although 6G is still in development process, COVID-19 had a beneficial effect on it, and in the future if any such outbreaks happen, it will have a favourable influence on the market since there is a greater need for a better network provider and quicker internet speed because the majority of work has moved towards online platforms.
Market Drivers
Widespread low-cost phones, rising network connection prices in metropolitan areas, and rural regions, increasing customer network of OTT companies, growing usage of private networks by MNCs, rising need for cybersecurity is fueling the market growth.
Market Restrains
Requirement of extremely high investment, and a more sluggish shift from the previous communication generation, and consumption of excessive power may hamper the market growth.
TABLE 1: GLOBAL 6G MARKET OVERVIEW
Market Segmentation:
By End-User
On the basis of end user, the market is categorized into industrial & enterprise, mobile, M2M, computing, consumer, and others. Extensive use of 6G by industries and enterprises for reliability, high performance both in terms of stability and bandwidth, for satisfying corporate and mission-critical demands with secure communications and data protection helped to held largest share in the market.
By Device
Based on device, the market is segregated into networking devices, IOT and edge-computing devices, mobile devices, and others. Increasing penetration of mobile devices into remote areas, and availability of mobiles in low cost helped to held highest share in the market.
By Communication Infrastructure
On the basis of communication infrastructure, the market is divided into mobile broadband, fixed, wireless, and mobile cellular. Rising use of fixed communication infrastructure in industries helped to held the largest share in the market.
Region:
In the 6G market, there are five major regions, including North America, Europe, Asia Pacific, Middle East and Africa, and South America. Among all regions, Asia Pacific holds the largest market share. The increasing focus on communication satellites and accompanying technical advancements
TABLE 2: GLOBAL 6G MARKET OVERVIEW
Major Developments in the Global 6G Market
Major companies operating in the 6G market are MediaTek Inc. (Taiwan), Huawei Technologies Co., Ltd. (China), Intel Corporation (US), Nokia Corporation (Finland), Google LLC (US), Sony Corporation (Japan), Apple Inc. (US), LG Corporation (South Korea), Samsung Electronics Co., Ltd. (South Korea), Nippon Telegraph and Telephone Corporation (Japan), ZTE Corporation (China), and T-Mobile US, Inc. (US).
Market Segments
By End-User
- Industrial & Enterprise
- Mobile
- M2M
- Computing
- Consumer
- Others
By Device
- Networking Devices
- IoT and Edge-Computing Devices
- Mobile Devices
- Others
By Communication Infrastructure
- Mobile Broadband
- Fixed
- Wireless
- Mobile Cellular
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Russia
- UK
- France
- Italy
- Spain
- The Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
Objectives of this Report:
- On a regional and worldwide scale, estimate the market size for 6G market.
- To provide a competitive scenario for the 6G market with major developments observed by the key companies in the historic years.
- To evaluate key factors governing the dynamics of 6G market with their potential growth during the forecast period.
Key Questioned Answered in the Report:
- What are major growth drivers and market trends that impacting on the global 6G market?
- What the market size both in terms of value and volume for global 6G market?
- Who are leading market players and who are the new market players that operate in the global 6G market with an estimated market share?
- What are the future investment pockets and opportunity in the global 6G market?
- Impact of COVID-19 on global 6G market
Customization of the market analysis:
- By sub-segment
- By customer-specific demand of additional customization including type, country, and application market analysis
- By potential listing of customers and pricing assessment
- Type-specific competitive analysis
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