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Global 6G Market

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Global 6G Market Analysis by Component, Communication Infrastructure, Device Usage, Application and End User-Trends and Forecast 2040

Industry Overview

6G can be the sixth generation technology of extensive-area wireless technology. 6G is the successor to 5G mobile era. In telecommunications, 6G is presently underneath improvement for wireless communications technology encouraging cellular records networks. To support one microsecond-latency conversation is one of the targets of the 6G internet. 6G networks are anticipated to provide more diverse features than their predecessors and greater than possibly to encourage applications past recent mobile programs, together with virtual and augmented reality, synthetic intelligence (AI), and the internet of things (IoT).

Global 6G market will be valued at USD 250 billion in 2028 and is estimated to reach a value of USD 400 Billion by 2040 with a CAGR of 60% during the forecast period.

5G is being deployed at a faster rate, imparting excessive-pace low-latency connectivity for a wide range of offerings. The 6G ought to contribute to a green, human-friendly, sustainable society through ever-present smart conversation. despite the fact that, numerous of 5G advanced technology components may be seen as precursors to some of the 6G constructing blocks. AI/ML will play an essential position inside the fully information-pushed structure of 6G and the intelligent network platform of the destiny.

Attribute Key Insights
Estimated Market Value (2028) 250 USD Billion
Forecasted Market Value (2040) 400 USD Billion
CAGR % 2028-2040 60%
Leading Region North America
Market Drivers ·       Growing emphasis on connectivity and rising demand for 6G communication in recently developed technologies such as IoT and blockchain.

 

·       Rapid urbanization and communication becoming a right for human sustenance is another factor expected fuel the growth of the global 6G market

 

Regional Trends

The Asia Pacific is expected to acquire the largest revenue share within the international 6G marketplace because of the growing emphasis on satellite tv for pc conversation and advancements on this field in this vicinity. China has delivered the sector’s first 6G take a look at satellite tv for pc into orbit which is significantly making the marketplace in call for. for instance, November 2020, China efficiently released an experimental test satellite tv for pc for 6G technology into orbit with applicants, along side around 12 different satellites, using a long March 6 release automobile rocket. but, 6G networks are gifted in imparting excessive-speed network access through growing a better frequency spectrum, high throughput satellite tv for pc communication offerings are applied to attain pervasive insurance in far flung and remoted regions. China is taken into consideration responsible for nearly half of a percent of the worldwide 6G patent filings accompanied through other international locations.

 

Competitive Landscape

Some  of the key players in the global 6G Market are Nokia, Samsung Electronics, Huawei, Ericsson, Cisco, AT＆T, LG Electronics, Qualcomm, Ciena, Microsoft, HPE, Intel, Telnyx, Apple and Google.

Recent Developments

  • January 2022, Samsung Electronics collaborated with Korea University to establish a department dedicated to the research and development of next-generation technologies such as 6G.
  • February 2021, Apple hired engineers to start working on the next generation of wireless technology. 6G, so it starts relying on itself rather than using Qualcomm tech.
  • July 2021, The University of Texas at Austin launched a 6G research center with the support of major wireless industry players, including AT&T, Samsung and Qualcomm.
  • June 2019, South Korea’s SK Telecom, which was among the first mobile operators to launched 5G services alongside its domestic peers KT and LG Uplus, it had signed agreements with Ericsson, Nokia, and Samsung Electronics for joint research and development in advanced 5G and 6G mobile network technologies.
  • December 2021, LG Electronics announced to demonstrate the results of its R&D efforts towards 6G communications at Korea Science & Technology Fair 2021, which is held at KINTEX in Goyang, Gyeonggi Province

 

By Component

  • Infrastructure/Hardware
  • Software
  • Service

By Communication Infrastructure

  • Wireless
    • Mobile Cellular
    • Mobile Broadband
    • Fixed

By Device Usage

  • Mobile Devices
  • IoT and Edge-Computing Devices
  • Networking Devices
  • Others

By Application

  • Consumer
    • Mobile
    • M2M
    • Computing
  • Industrial and Enterprise
    • Smart City and Urban infrastructure
    • eHealthcare
    • Autonomous Vehicle
    • Others

By End Use

  • Government
  • Consumer
  • Industrial
  • Enterprise

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