DELRAY BEACH, Fla.,
Sept. 27, 2024 /PRNewswire/ -- The
6G Market is expected to reach USD
68.69 billion by 2035 from USD 3.96
billion in 2030, at a Compound Annual Growth Rate (CAGR) of
76.9% from 2030–2035, according to a new report by
MarketsandMarkets™. The breakthrough in digital services and
connectivity solutions in 6G will open tremendous new doors of
business models and revenue streams. New business opportunities
based on immersive virtual or augmented reality environments,
real-time analytics on data, and advances in artificial
intelligence-driven services will be enabled.
The new revenue sources opened up in the entertainment,
healthcare, and smart cities markets will be stimulated by 6G due
to growing demands for high-quality interactive applications. At
the same time, 6G will unlock new markets through new connectivity
solutions and network-based services, including edge computing and
advanced IoT applications, that can support further economic
growth.
Browse in-depth TOC on "6G Market"
130 – Tables
50 – Figures
180 – Pages
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Scope of the Report
Report
Metrics
|
Details
|
Market size available
for years
|
2030–2035
|
Base year
considered
|
2030
|
Forecast
period
|
2030–2035
|
Forecast
units
|
Value (USD
Billion)
|
Segments
Covered
|
By Usage Scenario
(Further-Enhanced Mobile Broadband (FEMBB), Extremely Reliable And
Low-Latency Communications (ERLLC), Long-Distance And High-Mobility
Communications (LDHMC), Ultra-Massive Machine Type Communications
(UMMTC), Extremely Low-Power Communications (ELPC)) By Enterprise
Application (Holographic Communications, Tactile/Haptic Internet,
Fully Automated Driving, Industry 5.0, Internet Of Bio-Nano-Things,
Other Enterprise Applications (Deep-Sea Sightseeing And Space
Travel), By Communication Infrastructure (Cellular, Broadband,
Fixed) By End-User (Consumer and Enterprise (Manufacturing,
Healthcare & Life Sciences, Automotive, Media &
Entertainment, Aerospace & Defense, Other Enterprises
(Retail & Ecommerce, Energy & Utilities,
Education)))
|
Region
covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, and Latin
America.
|
Companies
covered
|
AT&T (US), NTT
DoCoMo (Japan), Orange (France), Jio (India), Bharti Airtel
(India), Vodafone Group (UK), SK Telecom (South Korea), Deutsche
Telekom (Germany), Verizon (US), China Mobile (China), Telefonica
(Spain), China Unicom (China), and Rakuten Mobile (Japan) KT
Corporation (South Korea), Singtel (Singapore), KDDI Corporation
(Japan)
|
Based on enterprise, the manufacturing segment to hold the
largest market size during the forecast period.
6G will set the prospect for a future of manufacturing with huge
breakthroughs in real-time digital twin technologies, intelligent
supply chains, autonomous vehicle assembly, mobile robotics, and
data security. With ultra-low latency and advanced Al-driven
analytics, 6G can make real-time digital twins capable of observing
and controlling industrial processes to detect problems before they
could downgrade efficiency- or productivity. From a supply chain
point of view, distributed sensing through sensors in a container
and digital twin through 6G can enable the monitoring and proactive
management of delay and inefficiency in real time. Besides that, it
will enable mobile self-governing robots to perform complex tasks
accurately without being held back by physical barriers when
roaming freely on the production floor. 6G will provide security
aspects to offer cloud-based protection for data by applying robust
forms of encryption, as well as safer mechanisms of authentication
in terms of biometric recognition and Al-driven behavioral
analytics. Despite the existing security challenges, 6G ultra-low
latency will enable real-time threat detection and mitigation which
will safely handle the critical data and intellectual property used
in the manufacturing environment.
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The Fixed communication infrastructure segment to have
highest growth during the forecast period.
Fixed communication infrastructure represents an essential
aspect of contemporary telecommunication which allows stable and
high-capacity connectivity based on wired networks mainly using
fiber-optic technology. It lets data over a long distance be
transmitted at a high speed with minimal signal loss, giving
impetus to the growth in data-intensive applications such as video
streaming, online gaming, and cloud services. As environments
become more and more interdependent, especially with the newfound
innovations related to smart homes and businesses, the need for
reliable fixed-line solutions grows. Communication will not be
interrupted by such systems. This becomes paramount in applications
that require extremely low latency, such as telemedicine and
real-time monitoring. On the other hand, fixed network
architectures are evolving into features such as intelligent
routing and dynamic bandwidth allocation, whereby optimum usage of
resources is optimized to enhance user experience, particularly
during peak hours. Further, since these networks apply edge
computing to process data closer to the users, this reduces
latency.
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North America is expected to
hold the second largest market size during the forecast
period.
The 6G Market in North America
is rapidly growing due to significant investments from regional
governments and increased international collaboration. In
August 2024, US and Sweden signed the latest bilateral agreement
to pool resources, expertise, and technology leadership on new,
developing, and future connectivity technologies. These will cover
the cooperation areas of 6G Research including Possible Funding, 6G
spectrum allocation to include the introduction of new technologies
in existing frequency bands, global harmonization of 6G frequency
bands, development of international standards-aligned technologies,
promotion of a wide and open 6G ecosystem and 6G technologies that
can be used for bridging digital divides. In the US, the foundation
for 6G innovation has been set since 2021, as the administration
invested USD 2.5 billion to push
further research and development in 6G. Key institutions like
Stanford, MIT, and Purdue are
pushing the frontiers through novel thrusts of areas such as
terahertz communications, Al-driven network management, and
advanced antenna technologies.
Top Key Companies in 6G Market:
The major vendors covered in the 6G Market are AT&T (US),
NTT DoCoMo (Japan), Orange
(France), Jio (India), Bharti Airtel (India), Vodafone Group (UK), SK Telecom
(South Korea), Deutsche Telekom
(Germany), Verizon (US), China
Mobile (China), Telefonica
(Spain), China Unicom
(China), and Rakuten Mobile
(Japan) KT Corporation
(South Korea), Singtel
(Singapore), KDDI Corporation
(Japan). These players have
adopted various growth strategies, such as partnerships, agreements
and collaborations, new product launches, enhancements, and
acquisitions to expand their footprint in the 6G Market.
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