6G Market Expected to Exceed $159.54 Billion by 2035 – Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. has announced the release of a market assessment report on “Global 6G Market Size, Share, Trend Analysis Report – By Device (Mobile Devices, IoT & Edge Computing Devices, Network Devices), Communication Infrastructure (Wireless & Fixed), By End User (Consumer Applications, Industrial & Enterprise) – Market Outlook and Industry Analysis 2035”.
The global 6G market is projected to reach over USD 159.54 billion by 2035, exhibiting a CAGR of 127.16% during the forecast period.
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6G: Ushering in a new era of hyperconnectivity
The arrival of 6G technology will revolutionize communications and data processing. This report explores 6G’s potential, its market drivers, and the innovative applications it will enable.
Beyond 5G: The power of 6G
• Unmatched speed and performance: Utilizing frequencies far beyond 5G, 6G cellular technology boasts exceptional bandwidth and ultra-low latency, enabling vastly improved network capabilities.
Driving growth: a systems approach
• Holistic infrastructure: A comprehensive systems approach is required to realize the full potential of 6G. The integration of data analytics, artificial intelligence, high-performance computing (HPC) and even quantum computing will be crucial to managing the massive amounts of data that will be generated by 6G networks.
A catalyst for industry change
• Applications across industries: Beyond enhanced communications and data collection, 6G is expected to bring about advancements in various industries and spur innovation across multiple sectors.
Governments take the lead:
• Strategic Importance: Given the strategic nature of some 6G applications, government efforts in adopting and implementing this technology are likely to be a major driver of market growth.
Technology Fusion:
• Building on the legacy of 5G: 6G will build on the trends initiated by 5G and further integrate cutting-edge technologies such as AI, big data analytics and next-generation computing to create a truly innovative ecosystem.
Expand your horizons:
• Uncovering new possibilities: The introduction of 6G networks will open up an era of new possibilities in areas such as wireless perception, imaging, sensing and communications, accelerating the rapid expansion of the market.
Future Outlook:
6G technology represents a paradigm shift in connectivity, and by harnessing its potential and fostering collaboration across industry and governments, we can unlock a future of hyperconnectivity and pave the way for advancements that benefit all of society.
List of major players in the 6G market:
• Samsung Electronics Co., Ltd.
• SK Telecom
• Sony Corporation
• LM Ericsson Telephone Support
• T-Mobile US, Inc
• Verizon Communications
• ZTE Corporation
• Apple
• AT&T Inc.
• Cisco Systems, Inc.
• Google LLC
• Huawei Technologies Co., Ltd.
• Intel Corporation
• LG Corporation
• MediaTek Inc.
• Nippon Telegraph and Telephone Corporation
• Nokia Corporation
Market Trends:
driver-
The market for 6G communications is growing due to the increasing demand for low-latency networks across various industries. This demand is driven by faster and more reliable connections for specific applications. Market growth is also supported by advancements in next-generation networks such as the Internet of Things and blockchain technology, which require the high-speed capabilities of 6G communications.
Moreover, the promotion of smart cities, increase in internet users and edge computing devices, and the realization that communication is a fundamental right for human survival are expected to further accelerate the adoption of 6G technology. These factors are expected to boost the 6G communications market during the forecast period.
assignment:
The lack of standardization for 6G technology poses a significant limitation that may hinder interoperability between different networks and devices. Additionally, the high costs of developing and deploying 6G infrastructure may slow 6G adoption and limit access, especially in developing countries.
Another constraint is the potential health and environmental hazards associated with the amplified use of high frequency radio waves and the implementation of the massive infrastructure required for 6G networks. Finally, existing geopolitical tensions and trade disputes between nations could also pose obstacles to the global expansion of the 6G market.
Regional trends:
North America is expected to capture a large share of the 6G market. The United States will have to catch up due to several reasons, including the presence of significant associations and government initiatives in the region to drive advances in communication technology. A US industry association has been appointed to address the issue.
AT&T and Ericsson executives will lead efforts to propel North America as a leader in 6G networks. Access to high-quality, affordable internet service is crucial in Canada as more people rely on internet connectivity for work, school, finances and healthcare. The Asia-Pacific region also represents a large share of the market due to the increased focus on satellite communications and advancements being made in the field. China has launched the world’s most significant 6G test satellite into space, creating a surge in market demand.
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Recent developments:
• In November 2021, the Ministry of Telecommunications of India constituted the 6G Innovation Development Group (TIG-6G), comprising members from government agencies, research institutes, academia, standardization bodies, telecom service providers and industry, to develop the vision, mission and objectives of 6G, as well as a roadmap and action plan for its deployment in India.
• In November 2020, Google and Apple announced they would join a North American industry group developing 6G. Apple and Google joined Charter Communications, Cisco, Hewlett Packard Enterprise, Intel, Keysight Technologies, LG Electronics, Mavenir, MITRE, and VMware as the newest members of the Next G Alliance. The organization’s mission is to “drive North American mobile technology leadership for 6G and beyond over the next decade, while building on the long-term evolution of 5G.”
• Sony, NTT, and Intel partnered in October 2019 on 6G mobile network technology, which is expected to be available around 2030. While fifth-generation networks are just starting to go live now, the three companies plan to build a sixth-generation organization in the United States. The three companies plan to encourage other major global companies, including Chinese companies, to join. The companies plan to use the partnership to accelerate development toward mass production.
6G Market Segmentation
By Device
• Mobile devices
• IoT and Edge Computing Devices
• Network Devices
• others
Communication infrastructure
• Wireless Infrastructure
Mobile Cellular
Mobile broadband
• Fixed infrastructure
By end user
• Consumer Applications
Mobile
M2M
Computing
• Industry and Business
Industry 4.0
o Smart cities and urban infrastructure
oe health care
Self-driving cars
others
By region –
North America-
• America
• Canada
• Mexico
Europe-
• Germany
• England
• France
• Italy
• Spain
• Other Europe
Asia Pacific –
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
latin america-
• Brazil
• Argentina
• Other Latin American countries
Middle East and Africa
• GCC countries
• South Africa
• Rest of the Middle East and Africa
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