Global 6G Market 2023-2030

Global 6G Market 2023-2030

Global 6G Market Size, Share & Trends Analysis Report by Deployment Device (Smartphones, Tablets, Wearables, IOT Devices, and Others), by Application (Distributed Sensing and Communication, Blockchain, Multisensory Extended Reality Systems, and Connected Robotics and Autonomous Systems), and by Industry Vertical (Agriculture, Healthcare, Education, Entertainment, Autonomous, Public Safety, Manufacturing, and Others), Forecast Period (2023-2030)

The global 6G market is anticipated to grow at a CAGR of 40.2% during the forecast period (2023-2030). 6G refers to the sixth generation of cellular networks, which will provide true wireless intelligence. It will enable seamless movement between the connected physical world of senses, actions, and experiences and its programmable digital representation in the cyber-physical continuum. Various types of technology required to deliver 6G use cases include zero-energy sensors and actuators, next-generation augmented reality (AR) glasses, contact lenses, and haptics.

The growing adoption of smartphones, coupled with improving communication network, is a key factor supporting the global market’s growth. According to the Pew Research Center, as of May 2023, there are approximately 6.84 billion smartphone users around the globe. Additionally, the availability of high-speed internet connectivity has further propelled the usage of smartphones. For instance, in June 2023, China claimed to be the first 6 GHz allocation frequency band for 5G, 6G. This move is expected to enable future connectivity and demonstrates the country's commitment to advancing mobile technology. Overall, the development of 6G networks holds immense potential to revolutionize wireless communication, offering advanced capabilities and improved user experiences in the cyber-physical realm.

Segmental Outlook

The global 6G market is segmented on the deployment device, application, and industry verticals. Based on the deployment device mode, the market is sub-segmented into smartphones, tablets, wearables, IoT devices, and others (laptops & computers). Based on the application, the market is sub-segmented into distributed sensing and communication, blockchain, multisensory extended reality systems, and connected robotics and autonomous systems. Further, on the basis of industry verticals, the market is sub-segmented into agriculture, healthcare, education, entertainment, automotive, public safety, manufacturing, and others. Among the deployment device, the smartphone sub-segment is anticipated to hold a considerable share of the market owing to the rise in smartphone users. Smartphones are offering innovative and creative designs and features. Additionally, they provide ultra-fast downloading speed on mobile phones and enable streaming of ultra-high-definition content.

The Manufacturing Sub-Segment is Anticipated to Hold a Considerable Share of the Global 6G Market

Among the industry verticals, the manufacturing sub-segment is expected to hold a considerable share of the market during the forecast period. Manufacturing industries are on the verge of a considerable transition owing to the introduction of 6G technology. The incorporation of 6G networks enhances automation, communication, and data sharing, resulting in a complete transformation of production processes. This industry will witness improved interoperability between systems, devices, and equipment, facilitated by 6G networks. Utilizing 6G will enable easier real-time monitoring and management of production processes, leading to maximized product efficiency, reduced downtime, and increased overall productivity.

Regional Outlook

The global 6G market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to the high concentration of the market solution vendors including Google LLC, Huawei Technologies Co. Ltd, Samsung Electronics, AT&T Inc., Cisco Systems, Inc., Nokia Corporation, Qualcomm Technologies Inc., and others.

Global 6G Market Growth by Region 2023-2030

Source: OMR Analysis

The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global 6G Market

Among all regions, the Asia-Pacific region is anticipated to grow at a considerable CAGR over the forecast period. The regional growth is attributed to economic developments and technological enhancements. Countries such as India and China are the most populous countries across the globe, making them countries with the highest smartphone population too. In a day, Indian population approximately spends 210 minutes on their smartphones using internet for watching online content or playing online games. Furthermore, government support and investments in infrastructure development are driving the growth in the region. For instance, in March 2023, the government of India unveiled a national “6G” project with the aim of launching this technology by 2030. The government has appointed a council to oversee the project and focus on issues such as standardization, identification of suitable spectrum for 6G, create an ecosystem for devices and systems, among other things. These initiatives are expected to propel the growth of the 6G technology market in the Asia-Pacific region.

Market Players Outlook

The major companies serving the 6G market include includes Google LLC, Huawei Technologies Co. Ltd, Samsung Electronics, AT&T Inc., Cisco Systems, Inc., Nokia Corporation, Qualcomm Technologies Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2022, NTT DOCOMO, INC. (DOCOMO), Nippon Telegraph, and Telephone Corporation (NTT) collaborated with a key mobile technology vendor including Fujitsu, NEC, and Nokia to conduct experimental trials of new mobile communications technologies for the targeted commercial launch of 6G services by around 2030.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global 6G market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.