AT&T (USA), Broadcom (USA), Cisco (USA), DeepSig (USA), Ericsson (Sweden), Fujitsu (Japan), Google (USA), Huawei (China), InterDigital (USA), Keysight (USA), LG Corporation (South Korea), MediaTek (Taiwan), National Instrument Corp (USA), NEC Corporation (Japan),
6G Market – By Vertical (Agriculture, Automotive, Education & Entertainment, Health, Manufacturing, Public Safety), Application (Multisensory Augmented Reality, Blockchain), Deployment Devices and Region – Global Forecast to 2030.
MarketsandMarkets reports that the 6G market [https://www.marketsandmarkets.com/Market-Reports/6g-market-213693378.html?utm_campaign=6gmarket&utm_source=abnewswire.com&utm_medium=referral] It is expected to expand rapidly, growing from $5.1 billion in 2023 to $40.2 billion by 2030. This growth is expected to be driven by strong demand for ultra-fast, reliable connectivity, which is essential to support emerging technologies and applications.
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Based on the device adoption, Internet of Things (IoT) devices are expected to register the highest growth rate during the forecast period.
As IoT adoption increases across industries, there is an increasing need for reliable, high-speed connectivity to support a huge number of connected devices. 6G technology, with its ultra-low latency, high bandwidth, and enhanced network capabilities, is ideally suited to meet the demands of IoT applications. IoT devices such as sensors, smart appliances, and industrial equipment require seamless connectivity and real-time data transmission for efficient operations and decision-making. The growth of IoT in sectors such as healthcare, manufacturing, transportation, and smart cities is driving the demand for 6G networks that can support the influx of large numbers of IoT devices and enable seamless communication and data exchange. As a result, the IoT devices segment is expected to play a key role in driving the growth of the 6G market in the coming years.
By application, the distributed sensing and communications segment is expected to dominate the market during the forecast period.
The distributed sensing and communication segment is projected to account for the largest market share during the forecast period. Distributed sensing and communication uses advanced technologies and networks to enable real-time data collection, analysis, and communication across various industries and sectors. This application segment is expected to grow significantly owing to the increasing demand for faster, more reliable, and less latency connectivity to support a wide range of applications such as smart cities, industrial automation, environmental monitoring, and healthcare. Distributed sensing and communication in 6G networks enables seamless integration of various devices and sensors, thereby enabling efficient data transfer and decision-making.
Asia Pacific is likely to be the fastest growing market during the forecast period
The region’s rapid growth is attributed to several factors, including increasing adoption of advanced technologies, rising investments in research and development, and a strong focus on digital transformation. Countries such as China, Japan, South Korea, and India are at the forefront of technological advancements and are actively working to position themselves as 6G market leaders. These countries have robust communications infrastructure, large consumer bases, and vibrant technology company ecosystems, providing a ripe environment for the growth of 6G technology.
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Unique Features in the 6G Market
6G networks are expected to offer data speeds much faster than 5G, potentially reaching up to 1 terabit per second (Tbps). This dramatic increase in speed will come with ultra-low latency, possibly in the order of microseconds, making communications nearly instantaneous.
One of the defining features of 6G is the use of Terahertz (THz) frequency bands. These higher frequency bands offer greater bandwidth, supporting more simultaneous connections and higher data rates. The use of THz frequencies also enables new communications paradigms such as holographic communications and advanced imaging technologies.
6G is expected to integrate artificial intelligence (AI) and machine learning (ML) at a foundational level. AI-driven networks will be able to self-optimize, self-heal, and predict network demands in real time, improving efficiency and reducing operational costs. AI will also enhance the ability to dynamically manage and allocate resources, ensuring optimal performance even in highly complex and dense network environments.
6G has the potential to enable advanced forms of communication such as holographic telepresence, where users can interact with 3D holograms in real time. This will vastly improve the remote communication experience, making it more immersive and realistic. Such capabilities will revolutionize industries such as telemedicine, education and entertainment.
6G networks will dramatically expand the connectivity and capabilities of the Internet of Things (IoT) and the Industrial Internet of Things (IIoT). 6G can support many more connected devices, enabling a more advanced, interconnected ecosystem and facilitating advancements in smart cities, autonomous factories, and other IoT-driven environments.
Key highlights of the 6G market
One of the 6G market’s most anticipated highlights is the possibility of ultrafast data speeds that could reach up to 1 terabit per second (Tbps). This represents a huge leap from 5G’s capabilities, enabling faster downloads, seamless streaming of high-definition content, and real-time data transfer for advanced applications such as virtual reality (VR) and augmented reality (AR).
6G will utilize the terahertz (THz) frequency spectrum, potentially enabling significantly faster data transmission speeds and greater bandwidth. The use of THz frequencies will accelerate the development of new technologies such as high-resolution imaging and spectroscopy and ultra-high resolution holographic communications, which could transform industries such as healthcare, entertainment and education.
Artificial intelligence (AI) is expected to play a central role in 6G networks, driving capabilities such as intelligent network management, predictive maintenance, and dynamic resource allocation. These AI-driven networks will be able to adapt to changing conditions in real time, optimize performance, and reduce latency, resulting in improved user experience and operational efficiency.
The 6G market will unlock the potential of the Internet of Things (IoT) by supporting vast numbers of connected devices with increased reliability and efficiency, enabling the growth of smart cities, autonomous vehicles, and industrial automation, where robust, high-speed networks are essential for real-time data processing and decision-making.
One of the goals of 6G is to achieve global coverage, including connectivity in remote and underserved areas, made possible by the integration of terrestrial and non-terrestrial networks such as satellite communications, drones and high altitude platforms. Enabling global connectivity will bridge the digital divide and provide high speed internet access to everyone, regardless of location.
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6G Market Leaders
Key vendors in the 6G market include AT&T (US), Broadcom (US), Cisco (US), DeepSig (US), Ericsson (Sweden), Fujitsu (Japan), Google (US), Huawei (China), InterDigital (US), Keysight (US), LG Corporation (South Korea), MediaTek (Taiwan), National Instrument Corp (US), NEC Corporation (Japan), Nokia (Finland), NTT DoCoMo (Japan), Orange (France), Qualcomm (US), Reliance Jio (India), Samsung (South Korea), SK Telecom (South Korea), Sony (Japan), T-Mobile (US), Verizon (US), China Mobile (China), and ZTE (China).
Ericsson, a global communications company, has been at the forefront of technological innovation in the mobile industry for decades. With its expertise in network infrastructure and innovation, Ericsson is well positioned to shape the future of 6G. The company’s research and development efforts are focused on pushing the boundaries of connectivity, aiming to deliver ultra-low latency, super-fast data rates, and massive device connectivity. Ericsson’s 6G vision includes seamless integration with emerging technologies such as artificial intelligence, augmented reality, and the Internet of Things (IoT) to enable transformative applications across sectors.
Huawei, another leading player in the communications sector, is also actively working to drive the development of 6G technologies. As a global provider of network solutions and equipment, Huawei has been at the forefront of 5G deployment and is now investing in 6G research and development. Leveraging advanced technologies such as terahertz frequency bands and AI-driven network optimization, the company envisions 6G as a catalyst for intelligent connectivity. Huawei aims to create an ecosystem that supports immersive experiences, autonomous systems, and intelligent connectivity, revolutionizing a variety of industries ranging from healthcare and transportation to manufacturing and entertainment.
Headquartered in California, Broadcom Inc. is a global technology company known for its semiconductor and infrastructure software solutions. Founded in 1961, Broadcom has grown through mergers and acquisitions to become a leader in a variety of markets, including networking, broadband, wireless and storage. The company’s broad portfolio includes semiconductor products such as chips for networking, broadband and wireless communications, as well as software for data center management and cybersecurity. Broadcom’s innovative technologies are found in millions of devices and networks around the world, improving connectivity and performance across a wide range of industries.
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