Abstract
Summary
MarketsandMarkets forecasts the 6G market size from USD 5.1 billion in 2023 to USD 40.2 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 34.2% during the forecast period. The rapid advancement of technology and the increasing demand for seamless connectivity are driving the growth of the 6G market. Businesses across various industries recognize the importance of 6G networks in enabling faster data speeds, ultra-low latency, and massive device connectivity. This technology empowers businesses to deliver enhanced user experiences, support emerging applications such as augmented reality and autonomous systems, and drive innovation in various sectors.
“By Deployment Device, Smartphone segment to hold largest market size during the forecast period”
The smartphone segment is expected to hold the largest market size during the forecast period. This can be attributed to the widespread adoption of smartphones and their integral role in our daily lives. Smartphones have become essential for communication, internet access, and various applications, making them a key driver in the 6G market. With the increasing demand for faster and more reliable connectivity, 6G technology aims to revolutionize smartphone capabilities by offering higher data speeds, lower latency, and improved network capacity. This enables users to experience seamless connectivity and unlock the full potential of emerging technologies such as augmented reality, virtual reality, and artificial intelligence on their smartphones. As a result, the smartphones segment is expected to witness significant growth and play a vital role in shaping the future of the 6G market.
“By Application, Networked enabled robotic and autonomous systems segment to register highest growth rate during the forecast period”
The networked-enabled robotic and autonomous systems segment is projected to register the highest growth rate during the forecast period. This growth can be attributed to the increasing adoption of robotics and autonomous systems in various industries and sectors. Networked-enabled robotic and autonomous systems could leverage the power of 6G technology to enable seamless communication and collaboration between multiple devices and systems. With the advancements in artificial intelligence and machine learning, these systems can perform complex tasks with minimal human intervention, improving efficiency, productivity, and safety. Industries such as manufacturing, logistics, healthcare, and agriculture are witnessing a rapid integration of networked-enabled robotic and autonomous systems to streamline operations and optimize performance.
“Asia Pacific to register highest growth rate during forecast period”
Asia Pacific region has a large population with increasing internet penetration and smartphone adoption. This provides fertile ground for the growth of 6G services and applications. The demand for high-speed and reliable connectivity is escalating, driven by the rising consumption of data-intensive services, such as video streaming, online gaming, and augmented reality/virtual reality (AR/VR) experiences. The governments in the region are actively supporting the development and deployment of 6G networks. They are investing in infrastructure, spectrum allocation, and policy frameworks to foster the growth of next-generation communication technologies. The region's focus on smart city initiatives, digital transformation, and emerging technologies like the Internet of Things (IoT) and artificial intelligence (AI) further fuels the demand for 6G connectivity and solutions.
Breakdown of primaries
The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The breakdown of the primaries is as follows:
• By Company Type: Tier 1 – 18%, Tier 2 – 9%, and Tier 3 – 73%
• By Designation: C-level –9%, D-level – 18%, and Others – 73%
• By Region: North America – 55%, Europe – 9%, and Asia Pacific – 36%
The major players in the 6G market are AT&T (US), Broadcom (US), Cisco (US), DeepSig (US), Ericsson (Sweden), Fujitsu (Japan), Google (US), Huawei (China), InterDigital (US), Keysight (US), LG Corporation (South Korea), MediaTek (Taiwan), National Instrument Corp (US), NEC Corporation (Japan), Nokia (Finland), NTT DoCoMo (Japan), Orange (France), Qualcomm (US), Reliance Jio (India), Samsung (South Korea), SK Telecom (South Korea), Sony (Japan), T-Mobile (US), Verizon (US), China Mobile (China), ZTE (China). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, product launches and enhancements, and acquisitions to expand their footprint in the 6G market.
Research Coverage
The market study covers the 6G market size across different segments. It aims at estimating the market size and growth potential across different segments, including verticals, applications, deployment devices, and regions. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the global 6G market and its subsegments. This report will help stakeholders understand the competitive landscape and gain insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
The 6G report identifies several key drivers for its growth, including the increasing need for seamless connectivity, the demand for faster data speeds, and the rising adoption of IoT devices. These drivers are fueled by businesses’ recognition of the importance of advanced communication networks in delivering enhanced user experiences and supporting emerging technologies such as augmented reality and autonomous systems. However, the report also highlights potential challenges, such as needing skilled professionals and addressing security and compatibility issues. Despite these challenges, the report emphasizes the significant opportunities for growth in the 6G market, such as real-time operational decision-making and increasing investments in 6G programs.
Product Development/Innovation: Detailed insights on coming technologies, R&D activities, and product & solution launches in the 6G market Market Development: Comprehensive information about lucrative markets – the report analyses the 6G market across varied regions Market Diversification: Exhaustive information about new products & solutions being developed, untapped geographies, recent developments, and investments in the 6G market Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like AT&T (US), Broadcom (US), Cisco (US), DeepSig (US), Ericsson (Sweden), Fujitsu (Japan), Google (US), Huawei (China), InterDigital (US), Keysight (US), LG Corporation (South Korea), MediaTek (Taiwan), National Instrument Corp (US), NEC Corporation (Japan), Nokia (Finland), NTT DoCoMo (Japan), Orange (France), Qualcomm (US), Reliance Jio (India), Samsung (South Korea), SK Telecom (South Korea), Sony (Japan), T-Mobile (US), Verizon (US), China Mobile (China), ZTE (China)
Table of Contents
1 INTRODUCTION 23
1.1 STUDY OBJECTIVES 23
1.2 MARKET DEFINITION 23
1.3 STUDY SCOPE 24
1.3.1 MARKETS COVERED 24
1.3.2 GEOGRAPHIC SCOPE 25
1.3.3 INCLUSIONS AND EXCLUSIONS 25
1.3.4 YEARS CONSIDERED 25
1.4 CURRENCY 26
1.5 LIMITATIONS 26
1.6 STAKEHOLDERS 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
2.1.1 SECONDARY DATA 28
- 2.1.1.1 Secondary sources 28
2.1.2 PRIMARY DATA 29
- 2.1.2.1 Primary interviews with experts 29
- 2.1.2.2 Breakdown of primaries 29
2.2 MARKET SIZE ESTIMATION 30
2.2.1 BOTTOM-UP APPROACH 30
2.2.2 TOP-DOWN APPROACH 31
2.2.3 6G MARKET ESTIMATION: DEMAND-SIDE ANALYSIS 32
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 33
2.4 RESEARCH ASSUMPTIONS 34
2.4.1 FACTOR ASSESSMENT 34
2.5 RECESSION IMPACT 35
3 EXECUTIVE SUMMARY 36
4 PREMIUM INSIGHTS 39
4.1 6G MARKET OVERVIEW 39
4.2 NORTH AMERICA: 6G MARKET, BY VERTICAL AND APPLICATION (2023) 40
4.3 ASIA PACIFIC: 6G MARKET, BY APPLICATION AND DEPLOYMENT DEVICE (2023) 40
4.4 EUROPE: 6G MARKET, BY VERTICAL AND DEPLOYMENT DEVICE (2023) 41
4.5 GEOGRAPHICAL SNAPSHOT 41
5 MARKET OVERVIEW AND INDUSTRY TRENDS 42
5.1 INTRODUCTION 42
5.2 MARKET DYNAMICS 42
5.2.1 DRIVERS 43
- 5.2.1.1 Increasing Data Demand 43
- 5.2.1.2 Technological Advancements 43
- 5.2.1.3 Industry and Economic Growth 43
5.2.2 RESTRAINTS 43
- 5.2.2.1 Infrastructure Development 43
- 5.2.2.2 Spectrum Availability 43
- 5.2.2.3 Regulatory and Standardization Challenges 43
5.2.3 OPPORTUNITIES 44
- 5.2.3.1 Transformative Applications 44
- 5.2.3.2 Edge Computing and AI Integration 44
- 5.2.3.3 Global Connectivity 44
5.2.4 CHALLENGES 44
- 5.2.4.1 Security and Privacy 44
- 5.2.4.2 Ethical and Social Implications 44
- 5.2.4.3 Environmental Impact 44
5.3 6G MARKET: SUPPLY CHAIN ANALYSIS 45
5.4 ECOSYSTEM 47
5.5 TECHNOLOGY ANALYSIS 48
5.5.1 INTRODUCTION 48
5.5.2 ADJACENT TECHNOLOGIES 48
- 5.5.2.1 Higher Frequency Bands 48
- 5.5.2.2 Terahertz (THz) Communications 49
- 5.5.2.3 Massive MIMO and Beamforming 49
- 5.5.2.4 Ultra-low-latency and Network Slicing 49
5.5.3 RELATED TECHNOLOGIES 49
- 5.5.3.1 AI and Machine Learning 49
- 5.5.3.2 Quantum Communications and Security 49
- 5.5.3.3 Edge Computing and Distributed Intelligence 49
5.6 CASE STUDY ANALYSIS 50
5.6.1 CASE STUDY 1: NOKIA SHOWCASED 6G AND RESEARCH ON LUNAR NETWORKS 50
5.6.2 CASE STUDY 2: SAMSUNG UNVEILED ITS EXYNOS MODEM, WHICH SUPPORTS TWO-WAY SATELLITE COMMUNICATION 50
5.6.3 CASE STUDY 3: NTT CREATED PROTOTYPE BASEBAND AMPLIFIER CHIP FOR NETWORKS OPERATING AT 2 TERABYTES PER SECOND 51
5.7 PATENT ANALYSIS 52
5.7.1 METHODOLOGY 52
5.8 PORTER’S FIVE FORCES ANALYSIS 53
5.8.1 BARGAINING POWER OF SUPPLIERS 54
5.8.2 BARGAINING POWER OF BUYERS 54
5.8.3 THREAT OF SUBSTITUTES 54
5.8.4 THREAT OF NEW ENTRANTS 54
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 54
5.9 REGULATORY LANDSCAPE 55
5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 55
- 5.9.1.1 North America 57
- 5.9.1.1.1 US 57
- 5.9.1.1.2 Canada 57
- 5.9.1.2 Europe 57
- 5.9.1.3 Asia Pacific 57
- 5.9.1.3.1 China 57
- 5.9.1.3.2 Australia 57
- 5.9.1.3.3 Japan 58
- 5.9.1.4 Middle East & Africa 58
- 5.9.1.4.1 Saudi Arabia 58
- 5.9.1.1 North America 57
5.10 KEY CONFERENCES & EVENTS IN 2022-2023 58
6 6G MARKET, BY DEPLOYMENT DEVICE 60
6.1 INTRODUCTION 61
6.2 SMARTPHONES 62
6.2.1 6G TO OFFER LIGHTNING-FAST SPEEDS AND LOW-LATENCY 62
6.2.2 SMARTPHONES: MARKET DRIVERS 62
6.3 TABLETS 63
6.3.1 6G TO ENHANCE CAPABILITIES OF TABLETS, ENABLING SEAMLESS MULTITASKING 63
6.3.2 TABLETS: MARKET DRIVERS 63
6.4 WEARABLES 64
6.4.1 6G TO REVOLUTIONIZE WEARABLES BY PROVIDING ULTRA-RELIABLE AND HIGH-BANDWIDTH CONNECTIVITY 64
6.4.2 WEARABLES: MARKET DRIVERS 64
6.5 INTERNET OF THINGS (IOT) DEVICES 65
6.5.1 6G TO EMPOWER IOT DEVICES WITH MASSIVE CONNECTIVITY, ENABLING SEAMLESS INTEGRATION AND EFFICIENT COMMUNICATION 65
6.5.2 INTERNET OF THINGS (IOT) DEVICES: MARKET DRIVERS 65
6.6 OTHER DEPLOYMENT DEVICES 66
6.6.1 OTHER DEPLOYMENT DEVICES: MARKET DRIVERS 66
7 6G MARKET, BY APPLICATION 68
7.1 INTRODUCTION 69
7.2 MULTI-SENSORY EXTENDED REALITY 70
7.2.1 6G TO ENABLE IMMERSIVE AND REALISTIC VIRTUAL & AUGMENTED REALITY EXPERIENCE 70
7.2.2 MULTI-SENSORY EXTENDED REALITY: MARKET DRIVERS 70
7.3 NETWORKED-ENABLED ROBOTIC AND AUTONOMOUS SYSTEMS 71
7.3.1 6G TO EMPOWER ADVANCED CONNECTIVITY FOR SEAMLESS INTEGRATION OF ROBOTS AND AUTONOMOUS SYSTEMS 71
7.3.2 NETWORKED-ENABLED ROBOTIC AND AUTONOMOUS SYSTEMS: MARKET DRIVERS 71
7.4 BLOCKCHAIN 72
7.4.1 6G TO INTEGRATE SECURE & TRANSPARENT BLOCKCHAIN TECHNOLOGY FOR RELIABLE TRANSACTIONS AND DATA MANAGEMENT 72
7.4.2 BLOCKCHAIN: MARKET DRIVERS 72
7.5 DISTRIBUTED SENSING AND COMMUNICATIONS 73
7.5.1 6G TO ENABLE REAL-TIME DATA COLLECTION AND COMMUNICATION FOR ENHANCED ENVIRONMENTAL MONITORING 73
7.5.2 DISTRIBUTED SENSING AND COMMUNICATIONS: MARKET DRIVERS 73
7.6 OTHER APPLICATIONS 74
7.6.1 OTHER APPLICATIONS: MARKET DRIVERS 74
8 6G MARKET, BY VERTICAL 75
8.1 INTRODUCTION 76
8.2 AGRICULTURE 77
8.2.1 6G TO OPTIMIZE CROP YIELD, RESOURCE MANAGEMENT, AND SUSTAINABILITY 77
8.2.2 AGRICULTURE: MARKET DRIVERS 77
8.3 AUTOMOTIVE 78
8.3.1 6G TO EMPOWER CONNECTED AND AUTONOMOUS VEHICLES 78
8.3.2 AUTOMOTIVE: MARKET DRIVERS 78
8.4 EDUCATIONAL & ENTERTAINMENT 79
8.4.1 6G TO REVOLUTIONIZE EDUCATION & ENTERTAINMENT 79
8.4.2 EDUCATIONAL & ENTERTAINMENT: MARKET DRIVERS 79
8.5 HEALTHCARE 80
8.5.1 6G TO FACILITATE REMOTE HEALTHCARE SERVICES 80
8.5.2 HEALTHCARE: MARKET DRIVERS 80
8.6 MANUFACTURING 81
8.6.1 6G TO DRIVE SMART MANUFACTURING 81
8.6.2 MANUFACTURING: MARKET DRIVERS 81
8.7 PUBLIC SAFETY 82
8.7.1 6G TO ENHANCE PUBLIC SAFETY 82
8.7.2 PUBLIC SAFETY: MARKET DRIVERS 82
8.8 OTHER VERTICALS 83
8.8.1 OTHER VERTICALS: MARKET DRIVERS 83
9 6G MARKET, BY REGION 84
9.1 INTRODUCTION 85
9.2 NORTH AMERICA 86
9.2.1 STRONG GOVERNMENT SUPPORT AND FUNDING FOR 6G RESEARCH 86
9.2.2 NORTH AMERICA: MARKET DRIVERS 86
9.2.3 NORTH AMERICA: RECESSION IMPACT 86
9.2.4 US 89
9.2.5 CANADA 90
9.3 EUROPE 91
9.3.1 COLLABORATIVE EFFORTS BETWEEN INDUSTRY PLAYERS AND REGULATORY BODIES TO ESTABLISH STANDARDIZED FRAMEWORKS FOR 6G DEPLOYMENT 91
9.3.2 EUROPE: MARKET DRIVERS 92
9.3.3 EUROPE: RECESSION IMPACT 92
9.3.4 UK 93
9.3.5 GERMANY 95
9.3.6 ITALY 96
9.3.7 FRANCE 97
9.3.8 SPAIN 99
9.3.9 REST OF EUROPE 100
9.4 ASIA PACIFIC 100
9.4.1 GROWING INVESTMENTS FROM TELECOM OPERATORS AND TECHNOLOGY COMPANIES TO ACCELERATE DEVELOPMENT AND COMMERCIALIZATION 100
9.4.2 ASIA PACIFIC: MARKET DRIVERS 100
9.4.3 ASIA PACIFIC: RECESSION IMPACT 101
9.4.4 CHINA 103
9.4.5 JAPAN 104
9.4.6 INDIA 106
9.4.7 SOUTH KOREA 107
9.4.8 REST OF ASIA PACIFIC 108
9.5 MIDDLE EAST & AFRICA 109
9.5.1 INCREASED FOCUS ON DIGITAL TRANSFORMATION AND CONNECTIVITY INITIATIVES TO DRIVE DEMAND FOR 6G SOLUTIONS 109
9.5.2 MIDDLE EAST & AFRICA: MARKET DRIVERS 109
9.5.3 MIDDLE EAST & AFRICA: RECESSION IMPACT 109
9.5.4 KSA 111
9.5.5 UAE 112
9.5.6 SOUTH AFRICA 114
9.5.7 REST OF MIDDLE EAST & AFRICA 114
9.6 LATIN AMERICA 115
9.6.1 STRATEGIC PARTNERSHIPS BETWEEN GOVERNMENTS AND PRIVATE SECTOR TO PROMOTE 6G INFRASTRUCTURE DEVELOPMENT AND ADOPTION 115
9.6.2 LATIN AMERICA: MARKET DRIVERS 115
9.6.3 LATIN AMERICA: RECESSION IMPACT 115
9.6.4 BRAZIL 117
9.6.5 MEXICO 118
10 COMPETITIVE LANDSCAPE 120
10.1 OVERVIEW 120
10.2 STRATEGIES ADOPTED BY KEY PLAYERS 120
10.3 MARKET SHARE ANALYSIS OF TOP PLAYERS 121
10.4 HISTORICAL REVENUE ANALYSIS 121
10.5 COMPANY EVALUATION QUADRANT 122
10.5.1 STARS 123
10.5.2 EMERGING LEADERS 123
10.5.3 PERVASIVE PLAYERS 123
10.5.4 PARTICIPANTS 123
10.6 COMPETITIVE BENCHMARKING 125
10.7 STARTUP/SME EVALUATION QUADRANT 128
10.7.1 PROGRESSIVE COMPANIES 128
10.7.2 RESPONSIVE COMPANIES 128
10.7.3 DYNAMIC COMPANIES 128
10.7.4 STARTING BLOCKS 129
10.8 STARTUP/SME COMPETITIVE BENCHMARKING 130
10.9 COMPETITIVE SCENARIO AND TRENDS 132
10.9.1 DEALS 132
11 COMPANY PROFILES 134
11.1 MAJOR PLAYERS 134
11.1.1 AT&T 134
11.1.2 BROADCOM 137
11.1.3 CISCO 140
11.1.4 ERICSSON 143
11.1.5 GOOGLE 146
11.1.6 HUAWEI 149
11.1.7 NOKIA 152
11.1.8 NTT DOCOMO 155
11.1.9 ORANGE 158
11.1.10 RELIANCE JIO 161
11.1.11 SAMSUNG 164
11.1.12 T-MOBILE 167
11.1.13 VERIZON 169
11.1.14 CHINA MOBILE 172
11.1.15 ZTE 174
11.2 OTHER PLAYERS 177
11.2.1 DEEPSIG 177
11.2.2 FUJITSU 178
11.2.3 INTERDIGITAL 179
11.2.4 KEYSIGHT TECHNOLOGIES 180
11.2.5 LG CORP 181
11.2.6 MEDIATEK 182
11.2.7 NATIONAL INSTRUMENT CORP 183
11.2.8 NEC 184
11.2.9 QUALCOMM 185
11.2.10 SK TELECOM 186
11.2.11 SONY 187
12 ADJACENT/RELATED MARKETS 188
12.1 5G SERVICES MARKET 188
12.1.1 MARKET DEFINITION 188
12.1.2 5G SERVICES MARKET, BY END USER 188
12.1.3 5G SERVICES MARKET, BY COMMUNICATION TYPE 189
12.1.4 5G SERVICES MARKET, BY ENTERPRISE 191
12.1.5 5G SERVICES MARKET, BY REGION 192
12.2 NANOSATELLITE AND MICROSATELLITE MARKET 198
12.2.1 MARKET DEFINITION 198
12.2.2 NANOSATELLITE AND MICROSATELLITE MARKET, BY COMPONENT 199
12.2.3 NANOSATELLITE AND MICROSATELLITE MARKET, BY TYPE 200
12.2.4 NANOSATELLITE AND MICROSATELLITE MARKET, BY SIZE 200
12.2.5 NANOSATELLITE AND MICROSATELLITE MARKET, BY APPLICATION 201
12.2.6 NANOSATELLITE AND MICROSATELLITE MARKET, BY VERTICAL 202
12.2.7 NANOSATELLITE AND MICROSATELLITE MARKET, BY FREQUENCY 203
13 APPENDIX 205
13.1 DISCUSSION GUIDE 205
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 208
13.3 CUSTOMIZATION OPTIONS 210
13.4 RELATED REPORTS 210
13.5 AUTHOR DETAILS 211