6G Wireless Market Outlook and Forecasts 2024 – 2030
In its sixth year of analyzing the emerging six-generation wireless market, the publisher of this report is the leading market research company focused upon emerging 6G technologies, capabilities, solutions, applications and services. This latest report expands upon previous analysis to include 6G technology investment, R&D, prototyping and testing.
The report also assesses the outlook for 6G market commercialization, including opportunities for infrastructure development and equipment deployment as well as a realization of applications and services. The report also analyzes 6G market use cases for select industry verticals. The report provides 6G market estimates for 2024 through 2030, with the lower end of the range focused primarily on technology development, and the later end of the range focused on 6G market commercialization.
One of the overarching insights from this research is that 5G technology (and resulting apps and services) are anticipated to be largely a steppingstone to the 6G technology market. Stated differently, just as 3G did not add substantive value, largely a bridge to 4G/LTE, we also see 5G acting as a catalyst for the 6G market.
Mind Commerce sees this as the case for a few key reasons including: (1) 5G will have minimal effect in the near-term for the consumer segment, (2) Advanced 5G and edge computing supported private wireless solutions for enterprise and industrial sectors will facilitate innovation in smart buildings, smart factories, and automation in general, and (3) 5G will pave the way for expansion of immersive technologies (AR, VR, and haptic Internet), but a truly rich user experience will not come until the 6G technology market is fully developed.
We also see the 6G technology market facilitating substantive improvements in the areas of sensing, imaging, presence and location determination. Higher frequencies will enable much faster sampling rates as well as significantly greater accuracy, down to the centimeter level. This will have big implications for many government and industry solutions in public safety and critical asset protection such as threat detection, health monitoring, feature/facial recognition and decision making (as in law enforcement, social credit systems, and other areas), air quality measurements, gas and toxicity sensing, and much more.
6G radio networks will provide the means of communications and data gathering necessary to accumulate information, but a systems approach will be required for the 6G technology market involving data analytics, artificial intelligence, and next generation computation capabilities via High Performance Computing (HPC) and quantum computing.
The aforementioned transition will be both exciting and painful, depending on the timing, readiness, and position within the value chain for ecosystem participants.
The 6G technology market will represent yet another large expenditure for communication service providers (CSPs). However, one of the transformative aspects of 6G is that it will support a highly distributed service provider environment, meaning that the market will not be so reliant upon incumbent CSPs with licensed spectrum.
In fact, one of the ways in which 5G is laying the groundwork for 6G solutions is the many private wireless implementations involving evolved LTE, 5G, and edge computing for enterprise and industrial customers. Next generation 6G networks will take this one step further with a web of communications providers, many of which will be self-providers, much in the way that PV solar has engendered co-generation within the smart grid.
The 6G technology market will also be a major facilitator of many new innovations, across a wide variety of industry verticals. However, due to the highly strategic nature of certain 6G capabilities, sovereign nations will likely be most interested in the 6G technology market for government wireless applications. This may very well make the “arms race” for 5G supremacy look like a warm-up for the main event, which will be a race to see what countries can dominate the 6G technology market and related applications, services, and solutions.
Organizations Covered in Report Include:
- 5G-ACIA
- Aalborg University
- Alcatel-Lucent
- Anritsu
- Apple Inc.
- AT&T Inc.
- Autotalks
- Bennett University
- Bharti Airtel
- Broadcom
- BT Group plc
- China Mobile
- China Telecom
- China Unicom
- Cisco Systems
- Cloudflare
- CNet
- CNR-IMAA
- ComSenTer (University of California)
- Corning Incorporated
- DARPA
- DeepSig
- Deutsche Telekom
- Ericsson
- ETSI
- EURECOM
- European Commission
- Facebook Connectivity
- Fastly
- Federal Communications Commission (FCC)
- Federated Wireless
- Fortinet
- Fraunhofer FOKUS
- Fujitsu
- Glasgow University
- Google
- Graz University of Technology
- Hexa-X Consortium
- Huawei Technologies
- IMT-2030 Promotion Group
- Indian Institute of Technology (IIT Kanpur, Madras, IIIT Bangalore)
- Institute of Communication and Computer Systems (ICCS)
- Institute of Telecommunications (IT)
- Intel Corporation
- InterDigital
- ITU
- Jio Platforms
- Karlsruhe Institute of Technology (KIT)
- KDDI Corporation
- Keysight Technologies
- King's College London
- LG Electronics
- MediaTek
- MIT
- Motorola Solutions
- Nanyang Technological University
- National Institute of Information and Communications Technology (NICT)
- National Instruments
- National Science Foundation
- NEC Corporation
- Next G Alliance
- NGMN Alliance
- Nokia Corporation
- NTT DoCoMo
- Nvidia
- NYU Wireless
- OneWeb
- Orange
- Palo Alto Networks
- Politecnico di Milano
- Princeton University
- Qualcomm
- Rakuten Mobile
- Reliance Jio
- Rohde & Schwarz
- Samsung Electronics
- Singtel
- SK Telecom
- SoftBank Group Corp.
- Sony Corporation
- Stanford University
- Starlink
- Telecom Paris
- Telecom SudParis
- Telefonica
- T-Mobile US
- TU Braunschweig
- University of Bristol
- University of Oulu
- University of Piraeus
- University of Porto
- University of Sheffield
- University of Southern California
- University of Surrey
- University of Texas at Austin
- University of Twente
- University of York
- Verizon Communications
- Virginia Diodes
- Virginia Tech
- Vodafone Group
- VTT Technical Research Centre of Finland
- ZTE Corporation