Report Description

Global 6G market is expected to thrive during the forecast period 2024-2035, The market is expanding due to the growing demand for 6G communication across industries and the emphasis on low latency networks for applications. Although 6G has not yet been implemented, the industry seems to be extremely competitive. Despite the limited number of 6G technology and service providers currently available, the sector appears to be fragmented because of significant investments and continuous research into how to successfully transmit 6G data over longer distances.

 

Capitalizing on the Latest Technological Advancements 

The ecosystem can unite on priority topics in the core wireless and related domains as part of the global 3GPP standardization process and incorporate them into the definition of 6G. Some of the following technological building blocks will probably be used in the new 6G platforms.

Ø  Radio and Baseband

Ø  Network Disaggregation

Ø  Computable Topology

Ø  Machine Learning

Ø  Multimedia and Display

 

High Emphasis on Low Latency Network for Specific Applications Drives Market Growth

5G network provides higher download rates and lower latency than the 4G LTE network. Naturally, 6G networks will provide far more capacity and lower latency than 5G networks while operating at higher frequencies. Current forecasts state that 6G will have a peak speed of one terabit per second (Tbps), being 100 times faster than 5G. 6G plans to hit 95 kilobits of frequency, which is more than 5G's 60 kilobits. When compared to 5G, 6G will employ more sophisticated radio gear, more airwaves, and an extremely high frequency (EHF) spectrum that can transmit data at extremely high rates and in large quantities over very short distances. Unlike existing 5G networks, which are an add-on, 6G network technology will be integrated into the network, enabling better access to AI capabilities, supporting advanced mobile devices. In addition to enhancing connectivity and performance, a future 6G network should also use AI and machine learning to enhance assistance and efficiency, advance greater sustainability, enhance security to promote trust and dependability, and broaden and improve global connectivity.

 

In order to support device-as-a-service and satisfaction-as-a-service, a ubiquitous network of smart devices needs ultra-reliable, low-latency wireless networks in addition to exceptionally highly reliable data transport. Currently, cellular systems find it difficult to provide ultra-high rate, ultrabroadband, 4K/8K, extreme reality, and holographic video streaming in all kinds of weather. Users can experience 0.001 ms gearbox latency, 1000 km/h quick mobility, and 99.99% reliability with this cutting-edge technology. Furthermore, the Open Radio Access Network (O-RAN) will be fully utilised by 6G. This idea allows for the usage of one agent's radio with another agent's network code, which is not possible in the "closed" networks of today. In order to enable operators to design networks differently, the decoupling of hardware and software (virtualization) would increase reliance on general purpose tools. In order to connect real-time end devices like cars, sensors, and robotics, 6G connections enable IoT paradigms beyond personalised communication contexts. Due to these factors, the market will grow in near future.

 

Usage of Holography in Communication will Boost Market Growth

With the sixth generation of wireless communications, the internet of senses, and digital twins, a number of use cases are anticipated to materialise, including holographic communication. The maturity of the current 5G systems will coincide with 6G, as has been the historical trend in mobile communications with constant technical releases, ensuring continuing evolution of the industry. 6G networks are anticipated to have gigahertz of bandwidth, an improved software architecture similar to the current 5G network, a greater reliance on artificial intelligence, and seamless integration of the communication network with our daily lives, creating enhanced digital experiences. 6G networks are expected to operate in terahertz bands. The convergence of computing, communication, and processing will improve the quality of the experience as it relates to holographic communication. Holographic information is formed, communicated, and recreated by simultaneously managing all variables, giving the user a more realistic experience.

 

The Metaverse's invasion of the technical world in recent years, has had a domino effect on several fields like 6G and many more. Non-fungible tokens (NFT) have been traded widely in the market. The adoption of virtual digital life has surged as a result of the Metaverse. Holographic communication is essential to deliver the necessary immersive experience. Recent patent applications from Meta, mistakenly linked to the Metaverse, describe their 3D voice call system. In the event that the system is put into use, individuals will be able to observe their actual bodily interactions during video chats rather than static 2D ones. Other IT firms are probably developing creative ways that incorporate the Metaverse.

Several uncommercialized technologies could have an impact on holographic communications. Due to its revolutionary impact on technology, quantum computing has been a recurring theme throughout the history of computing. The perception of the holographic experience will be further enhanced by the greatly increased computational capacity.

 

Excessive Power Consumption Will Hinder the Market in Forecast Period

Power use for a typical 5G base station is twice that of a 4G base station. Higher frequencies require more antennas and smaller cells, which can increase energy costs even further. Additionally, edge computing infrastructure is needed to support future internet of things (IoT) services and local processing. 5G is predicted to cause mobile operators' energy consumption to treble or triple as networks scale. Leading 5G operators in China are expressing concern over rising power consumption. China Mobile claimed that the cost of electricity was fast rising due to 5G in November 2019. Due to cost savings, the business has experimented with employing 32T32R and occasionally 8T8R MIMO antennas, instead of 64T64R.

 

In addition to utilising more energy in the 5G RAN, carriers are introducing edge computing resources to enable things like low-latency applications and IoT services. Since edge power costs must be kept to a minimum, powering these locations will increase the telco's utility bill and add another degree of complexity to network operations. 6G deployment can make use of 5G infrastructure. The power consumption of the multi-frequency band signal processing will be similar to that of current 5G, although being more power-hungry.

Therefore, excessive power consumption by 6G may limit the market's ability to expand in the forecast period.

 

Recent Development

·         Samsung outlined its 6G vision in a whitepaper titled "The Next Hyper-Connected Experience for All” in July 2020. It explains the characteristics of 6G as well as the related elements, such as the sociological and technological impact, specifications, standardization timeline, etc. It anticipates the commercial launch of 6G in 2028. High-fidelity mobile holograms, digital replicas, and very immersive extended reality (XR) are just a few of the high-tech services that would be offered. All 6G-related technology will be the subject of research at the recently established Advanced Communications Research Centre located in Canada.

·         In November 2022, a new research and development centre for 5G and upcoming 6G mobile network technology was announced by Nokia for Amadora, Portugal. The facility will increase research in technologies that are crucial to the current 5G and eventual 6G networks and create jobs in a number of industries.

·         In July 2022, to deliver outstanding user experiences for Samsung Galaxy devices, Qualcomm and Samsung Electronics Co., Ltd. have deepened their strategic partnership. Qualcomm Incorporated and Samsung have agreed to extend their patent license agreement for 3G, 4G, 5G, and upcoming 6G mobile technology through the end of 2030.

 

Market Segmentation

Global 6G Market is segmented on the basis of component, communication infrastructure, application, end user, and region. Based on component, the market is divided into Hardware, Software, Services. Based on communication infrastructure, the market is divided into Wireless, Fixed. Based on application, the market is divided into Multisensory XR Applications, Connected Robotics and Autonomous Systems (CRAS), Wireless Brain-Computer Interactions (BCI), Digital Twins, Smart Cities, Internet of Everything (IoE), Blockchain and DLT, and Others. Based on end user, the market is divided into Government, Consumer, Industrial, and Enterprise. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, and Middle East & Africa.

Market player

Major market players in the Global 6G Market are Nokia Corporation, Samsung Electronics, Huawei Technologies Co. Ltd., Telefonaktiebolaget LM Ericsson, Qualcomm Technologies Inc., AT&T Inc., JIO Infocomm Ltd., Keysight Technologies, ZTE Corporation, among others.

 

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2035

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2035

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Component

Communication Infrastructure

Application

End User

Regional scope

North America, Asia-Pacific, Europe, South America, Middle East & Africa

Country scope

United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Germany, United Kingdom, France, Spain, Italy, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE

Key companies profiled

Nokia Corporation, Samsung Electronics, Huawei Technologies Co. Ltd., Telefonaktiebolaget LM Ericsson, Qualcomm Technologies Inc., AT&T Inc., JIO Infocomm Ltd., Keysight Technologies, ZTE Corporation

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Global 6G Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         6G Market, By Component:

o   Hardware

o   Software

o   Services  

·         6G Market, By Communication Infrastructure:

o   Fixed

o   Wireless  

·         6G Market, By Application:

o   Multisensory XR Applications

o   Connected Robotics and Autonomous Systems (CRAS)

o   Wireless Brain-Computer Interactions (BCI)

o   Interactions (BCI)

o   Digital Twins

o   Smart Cities

o   Internet of Everything (IoE)

o   Blockchain and DLT

o   Others

·         6G Market, By End User:

o   Government

o   Consumer

o   Industrial

o   Enterprise

·         6G Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Spain

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global 6G Market.

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

The Global 6G Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Baseline Methodology

2.2.  Key Industry Partners

2.3.  Major Association and Secondary Sources

2.4.  Forecasting Methodology

2.5.  Data Triangulation & Validation

2.6.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global 6G Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Component (Hardware, Software, Services)

5.2.2.    By Communication Infrastructure (Wireless, fixed)

5.2.3.    By Application (Multisensory XR Applications, Connected Robotics and Autonomous Systems (CRAS), Wireless Brain-Computer Interactions (BCI), Digital Twins, Smart Cities, Internet of Everything (IoE), Blockchain and DLT, Others)

5.2.4.    By End User (Government, Consumer, Industrial, Enterprise)

5.2.5.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    North America 6G Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component

6.2.2.    By Communication Infrastructure

6.2.3.    By Application

6.2.4.    By End User

6.2.5.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States 6G Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.     By Value 

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Component

6.3.1.2.2.           By Communication Infrastructure

6.3.1.2.3.           By Application

6.3.1.2.4.           By End User

6.3.2.    Canada 6G Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.     By Value 

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Component

6.3.2.2.2.           By Communication Infrastructure

6.3.2.2.3.           By Application

6.3.2.2.4.           By End User

6.3.3.    Mexico 6G Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.     By Value 

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Component

6.3.3.2.2.           By Communication Infrastructure

6.3.3.2.3.           By Application

6.3.3.2.4.           By End User

7.    Asia-Pacific 6G Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component

7.2.2.    By Communication Infrastructure

7.2.3.    By Application

7.2.4.    By End User

7.2.5.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China 6G Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.     By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Component

7.3.1.2.2.           By Communication Infrastructure

7.3.1.2.3.           By Application

7.3.1.2.4.           By End User

7.3.2.    India 6G Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.     By Value 

7.3.2.2.        Market Size & Forecast

7.3.2.2.1.           By Component

7.3.2.2.2.           By Communication Infrastructure

7.3.2.2.3.           By Application

7.3.2.2.4.           By End User

7.3.3.    Japan 6G Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.     By Value 

7.3.3.2.        Market Size & Forecast

7.3.3.2.1.           By Component

7.3.3.2.2.           By Communication Infrastructure

7.3.3.2.3.           By Application

7.3.3.2.4.           By End User

7.3.4.    South Korea 6G Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.     By Value 

7.3.4.2.        Market Size & Forecast

7.3.4.2.1.           By Component

7.3.4.2.2.           By Communication Infrastructure

7.3.4.2.3.           By Application

7.3.4.2.4.           By End User

7.3.5.    Australia 6G Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.     By Value 

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Component

7.3.5.2.2.           By Communication Infrastructure

7.3.5.2.3.           By Application

7.3.5.2.4.           By End User

8.    Europe 6G Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Communication Infrastructure

8.2.3.    By Application

8.2.4.    By End User

8.2.5.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany 6G Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.     By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Component

8.3.1.2.2.           By Communication Infrastructure

8.3.1.2.3.           By Application

8.3.1.2.4.           By End User

8.3.2.    United Kingdom 6G Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.     By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Component

8.3.2.2.2.           By Communication Infrastructure

8.3.2.2.3.           By Application

8.3.2.2.4.           By End User

8.3.3.    France 6G Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.     By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Component

8.3.3.2.2.           By Communication Infrastructure

8.3.3.2.3.           By Application

8.3.3.2.4.           By End User

8.3.4.    Italy 6G Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.     By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Component

8.3.4.2.2.           By Communication Infrastructure

8.3.4.2.3.           By Application

8.3.4.2.4.           By End User

8.3.5.    Spain 6G Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.     By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Component

8.3.5.2.2.           By Communication Infrastructure

8.3.5.2.3.           By Application

8.3.5.2.4.           By End User

9.    South America 6G Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Communication Infrastructure

9.2.3.    By Application

9.2.4.    By End User

9.2.5.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil 6G Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.     By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Component

9.3.1.2.2.           By Communication Infrastructure

9.3.1.2.3.           By Application

9.3.1.2.4.           By End User

9.3.2.    Argentina 6G Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.     By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Component

9.3.2.2.2.           By Communication Infrastructure

9.3.2.2.3.           By Application

9.3.2.2.4.           By End User

9.3.3.    Colombia 6G Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.     By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Component

9.3.3.2.2.           By Communication Infrastructure

9.3.3.2.3.           By Application

9.3.3.2.4.           By End User

10. Middle East & Africa 6G Market Outlook

10.1.             Market Size & Forecast

10.1.1.     By Value

10.2.             Market Share & Forecast

10.2.1. By Component

10.2.2. By Communication Infrastructure

10.2.3. By Application

10.2.4. By End User

10.2.5. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1. Saudi Arabia 6G Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.   By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component

10.3.1.2.2.         By Communication Infrastructure

10.3.1.2.3.         By Application

10.3.1.2.4.         By End User

10.3.2. South Africa 6G Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.   By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component

10.3.2.2.2.         By Communication Infrastructure

10.3.2.2.3.         By Application

10.3.2.2.4.         By End User

10.3.3. UAE 6G Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.   By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component

10.3.3.2.2.         By Communication Infrastructure

10.3.3.2.3.         By Application

10.3.3.2.4.         By End User

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Company Profiles

13.1.     Nokia Corporation   

13.1.1.               Business Overview

13.1.2.               Key Revenue and Financials

13.1.3.               Recent Developments

13.1.4.               Key Personnel

13.1.5.               Key Product/Services

13.2.     Samsung Electronics    

13.2.1.               Business Overview

13.2.2.               Key Revenue and Financials

13.2.3.               Recent Developments

13.2.4.               Key Personnel

13.2.5.               Key Product/Services

13.3.     Huawei Technologies Co. Ltd.     

13.3.1.               Business Overview

13.3.2.               Key Revenue and Financials

13.3.3.               Recent Developments

13.3.4.               Key Personnel

13.3.5.               Key Product/Services

13.4.     Telefonaktiebolaget LM Ericsson  

13.4.1.               Business Overview

13.4.2.               Key Revenue and Financials

13.4.3.               Recent Developments

13.4.4.               Key Personnel

13.4.5.               Key Product/Services

13.5.     Qualcomm Technologies Inc.   

13.5.1.               Business Overview

13.5.2.               Key Revenue and Financials

13.5.3.               Recent Developments

13.5.4.               Key Personnel

13.5.5.               Key Product/Services

13.6.     AT&T Inc.

13.6.1.               Business Overview

13.6.2.               Key Revenue and Financials

13.6.3.               Recent Developments

13.6.4.               Key Personnel

13.6.5.               Key Product/Services

13.7.     JIO Infocomm Ltd.   

13.7.1.               Business Overview

13.7.2.               Key Revenue and Financials

13.7.3.               Recent Developments

13.7.4.               Key Personnel

13.7.5.               Key Product/Services

13.8.     Keysight Technologies  

13.8.1.               Business Overview

13.8.2.               Key Revenue and Financials

13.8.3.               Recent Developments

13.8.4.               Key Personnel

13.8.5.               Key Product/Services

13.9.     ZTE Corporation  

13.9.1.               Business Overview

13.9.2.               Key Revenue and Financials

13.9.3.               Recent Developments

13.9.4.               Key Personnel

13.9.5.               Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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It is anticipated that the Asia Pacific region would experience the fastest development in the global 6G market due to the region's increased emphasis on satellite communication and advancements in this sector. The world's first 6G test satellite was sent into orbit by China, considerably boosting market demand.

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Nokia Corporation, Samsung Electronics, Huawei Technologies Co. Ltd., Telefonaktiebolaget LM Ericsson, Qualcomm Technologies Inc., AT&T Inc., JIO Infocomm Ltd., Keysight Technologies, ZTE Corporation are the major market players in the Global 6G market.

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The main drivers of the global 6G market are capitalizing on the latest technological advancements and growing need for 6G communication.

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The main challenges of the global 6G market are environmental concerns and excessive power consumption.

profile

Sakshi Bajaal

Business Consultant
Press Release

The Wireless Segment of 6G Market will Dominate in The Forecast Period

Sep, 2023

Global 6G Market is expected to grow due to high emphasis on low latency network for specific applications and growing need for 6G communication during the forecast period, 2024-2035.