6G Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, and Services); By Infrastructure; By Application; By End-User; By Region; Segment Forecast, 2023- 2032

6G Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, and Services); By Infrastructure; By Application; By End-User; By Region; Segment Forecast, 2023- 2032

The global 6G market size is projected to reach USD 50.76 billion by 2032, according to a new study by Polaris Market Research. The report “6G Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, and Services); By Infrastructure; By Application; By End-User; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The 6G technology market is anticipated to bring significant enhancements to imaging, presence technology, and location awareness. By collaborating with artificial intelligence (AI), the computational infrastructure of 6G will have the capability to determine the optimal location for computing tasks, encompassing considerations for data storage, processing, and sharing.

It is crucial to emphasize that 6G is not currently operational. Although certain vendors are dedicating resources to the development of this next-generation wireless standard, industry specifications for network products enabled by 6G are still several years from realization.

6G networks will function by utilizing signals in the upper range of the radio spectrum. This capacity and reduced latency will enhance the capabilities of 5G applications and broaden the potential for supporting novel applications in wireless connectivity, sensing, cognition, and imaging. With 6G, access points will have the capacity to serve multiple clients using orthogonal frequency-division multiple access concurrently.

The surge in 5G has spurred extensive discussions about automated cars, drones, remote-controlled factories, and other applications of artificial intelligence (AI). With the emergence of 6G, this trend is anticipated to intensify, and some experts believe that artificial intelligence will be indispensable for ensuring seamless coordination and operation.

Moreover, it is important to note that while these opportunities are promising, the 6G market is still in its early stages and the full potential of this technology may take years to realize. Additionally, the successful implementation of 6G will require collaboration across industries, governments, and research institutions.

Hence, 6G could pave the way for entirely new business models and services that leverage its advanced capabilities. This could include subscription-based services, value-added applications, and innovative revenue streams.

6G Market Report Highlights

Software segment is expected to grow at a highest CAGR during the projected period, on account of increasing connectivity/

Wireless segment accounted for largest market share in 2022, which is mainly driven by higher performance, and capabilities

Blockchain segment held the significant market revenue share in 2022, mainly due to enhanced security

The automotive segment held a significant market share in revenue share in 2022

North America region dominated the market with majority share in 2022, owing to exponential growth in the technology and rising R&D investments across economies

The global key market players include Apple Inc., AT&T Inc., China Mobile, Jio, Huawei Technologies Co. Ltd

Polaris Market Research has segmented the 6G market report based on component, infrastructure, application, end-user, and region:

6G, Component Outlook (Revenue - USD Billion, 2019 - 2032)

Hardware

Software

Services

6G, Infrastructure Outlook (Revenue - USD Billion, 2019 - 2032)

Fixed

Wireless

6G, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Digital Twins

Blockchain

Smart Cities

Others

6G, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

Healthcare

Automotive

Agriculture

Government

Others

6G, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa