Report Details

IT and Communication

6G Technology Market Size, By Component (Hardware, Software and Services), By Deployment Device (Smartphones, Tablets, Wearables, IoT Devices, Others), By Application (Digital Twins, Blockchain, Smart Cities, Others), By End-Use (Healthcare, Automotive, Agriculture, Government, Others), By Regional Outlook, Competitive Landscape And Forecast, 2032

By Type : Hardware, Software and Services

By Application : Digital Twins, Blockchain, Smart Cities, Others

ID: XI679335 | Published: Dec 2023 | Pages: 200 | Format: Electronic (PDF) | Industry: IT and Communication

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6G Technology Market Overview 2023:

The global 6G Technology market was valued at USD 4.2 billion in 2022 and is expected to register a robust CAGR of 27% during the forecast period. Key factors such as increasing demand for data speed and capacity, rapid technological advancements, and rising applications of 6G technology across various sectors are expected to drive global market growth during the forecast period.

6G is a conceptual next-generation wireless communication technology and is a successor to 5G technology. This technology is expected to provide substantially faster data speeds, higher capacity, and much lower latency. 6G is expected to leverage terahertz frequencies to achieve ultra-fast speed, facilitating applications such as augmented reality (AR), virtual reality (VR), and holographic communication.

Though 6G is still in the developing stages, it has the potential to be used across various sectors such as healthcare, automotive, agriculture, and government among others. Various universities and research industries are collaborating and investing in 6G research initiatives and projects to cater to rising demand for high-speed connectivity for various purposes. In addition, telecommunication operators across the globe are focused on upgrading their networks to support 6G technology, and governments and private sectors are partnering to accelerate 6G infrastructure in rural areas.

However, high initial investments, regulatory issues related to spectrum allocation, international cooperation and privacy concerns, and interoperability issues are expected to hamper overall market growth between 2023 and 2032.

Key Takeaways:

High Demand for Ultra-High-Speed Connectivity:

Rapid digitalization and high usage of internet services for various purposes have resulted in growing demand for high connectivity speeds. In addition, growing demand for proliferation of data-intensive applications, digital transformation, and industry 4.0 initiatives needs faster, more reliable, efficient, and secure communication networks like 6G technology. These factors are expected to drive global market growth during the forecast period.

Technological Challenges and High Infrastructure Costs:

Though 6G is the most-talked topic currently, developing it will pose significant technological challenges. In addition, the deployment will require substantial investments in infrastructure, antennas, new base stations, and other hardware. This can hamper the adoption in budget-constrained countries and areas.

Market Opportunities:

6G technology is undergoing tremendous research and development projects and several potential opportunities such as advanced connectivity for emerging technologies, smart cities and infrastructure, and security and privacy innovations are expected to open for emerging and existing market players. 

Component Outlook:

The global market is segmented into hardware, software, and services based on components. Among these, the software segment is expected to account for largest revenue share during the forecast period owing to growing demand for enhanced connectivity, rapid AI and IoT integration, rising adoption of various software for better security, and privacy, and increasing investments and government funds to develop advanced software.

End Use Outlook:

Based on end use, the global market is segmented into healthcare, automotive, agriculture, government, and others. Among these, the healthcare segment is expected to register rapid revenue CAGR over the forecast period. This can be attributed to improving healthcare infrastructure, rapid adoption of advanced technologies across healthcare centers, and potential applications of 6G technology in advanced telemedicine, IoT and wearable devices, personalized medicine, and remote monitoring and homecare settings.

Regional Outlook:

North America is expected to account for the largest revenue share during the forecast period owing to factors such as growing demand for data speed and capacity, academic and industrial collaborations, government funding to develop and deploy 6G infrastructure, and high adoption of cutting-edge technologies like 6G. In addition, presence of leading companies, equipment manufacturers, and startups in the region and rising applications of 6G technology across various sectors are expected to drive North America market growth during the forecast period.

Report Coverage:

Report Details  Outcome
 Base Year for Estimation  2022
 Historical Data  2018-2021
 Forecast Period  2023-2032
 Segments Covered   Component, Deployment Device, Application, End-Use and Region
 By Components  Hardware, Software and Services
 By Deployment Device  Smartphones, Tablets, Wearables, IoT Devices, and Others
 By Application  Digital Twins, Blockchain, Smart Cities, Others
 By End Use  Healthcare, Automotive, Agriculture, Government, and Others
 Regional Scope  North America, Europe, Asia Pacific, Latin America, Middle East and Africa
 Country Scope  United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, Southeast Asia, India, Mexico, Brazil, Saudi Arabia, UAE, Turkey
 Qualitative Info  •Value Chain Analysis
 •Pricing Analysis
 •Regional Outlook
 •Market Trends
 •Market Share Analysis
 •Competition Analysis
 •Technological Advancements
 Key Players  AT&T, Broadcom, Cisco, DeepSig, Ericsson, Fujitsu, Google, Huawei, InterDigital, Keysight, LG Corporation, MediaTek, National Instrument Corp, Nokia, NTT DoCoMo, Orange
 Customization Scope  10 Hours of Free Customization and Expert Consultation

Competitive Landscape:

The global 6G Technology market is extremely competitive, comprising several regional and global level key players. Leading key players are focused on adopting various strategic alliances like mergers and acquisitions, partnerships, joint ventures, collaborations, and product launches to maintain their global position and enhance their product offerings. They are also focused on innovation, and scalability, and are adapting to evolving technology trends and consumer needs.

Some Leading Market Companies Listed in the Report:

  • AT&T
  • Broadcom
  • Cisco
  • DeepSig
  • Ericsson
  • Fujitsu
  • Google
  • Huawei
  • InterDigital
  • Keysight
  • LG Corporation
  • MediaTek
  • National Instrument Corp
  • Nokia
  • NTT DoCoMo
  • Orange

6G Technology Industry Recent Developments:

  • In October 2023, Ericsson announced its plan to launch 6G technology in India. The new team of researchers in India will work with Ericsson’s teams in Sweden and the US.
  • In October 2023, Nokia established a 6G lab at its Global R&D center in Bangalore.
  • In May 2023, Capgemini announced the launch of a 6G lab in Gurugram, India that will build advanced test beds and simulators and explore use cases for next-generation wireless networks.

The global 6G Technology Market has been segmented based on Components, Deployment Device, Application, End Use, and Region:

By Components:

  • Hardware
  • Software
  • Services

By Deployment Device:

  • Smartphones
  • Tablets
  • Wearables
  • IoT Devices
  • Others

By Application:

  • Digital Twins
  • Blockchain
  • Smart Cities
  • Others

By End Use:

  • Healthcare
  • Automotive
  • Agriculture
  • Government
  • Others

By Region:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Russia
    • Nordic Countries
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Southeast Asia
    • India
    • Australia
    • Rest of Asia
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Turkey
    • Saudi Arabia
    • UAE
    • Rest of MEA

FAQ

The 6G Technology market research report includes specific segments by region (country), i.e. North America, Europe, Asia Pacific, South America, Middle East and Africa

The 6G Technology market report provides global companies with an opportunity to enter new markets, invest in new sectors, analyze consumer reactions, investigate global competition, and ultimately make smart investments.

6G Technology report covers the latest market developments in terms of acquisitions, growth strategies, joint ventures and collaborations, new product launches, and more on industry.

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Chapter 1. Methodology and Scope

1.1. Methodology Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased database
1.2.2. Secondary Sources
1.2.3. Third-party Perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data Analysis Models
1.4. Market Formulation & Data Visualization
1.5. Research Scope & Assumptions

Chapter 2. Executive Summary

2.1. 6G Technology Market- Industry Snapshot, 2018 - 2032

Chapter 3. 6G Technology Market Variables, Trends & Scope

3.1. Market Size and Growth Prospects, 2023-2032
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint/Challenge Analysis
3.3.3. Market Opportunity Analysis
3.4. Penetration & Growth Prospect Mapping
3.5. Business Environment Analysis Tools
3.5.1. Industry Analysis - Porter's Five Forces Analysis
3.5.2. PEST Analysis
3.5.3. COVID-19 Impact Analysis

Chapter 4. 6G Technology Market Type Outlook 2023-2032 (USD Million)

Chapter 5. 6G Technology Market Application Outlook 2023-2032(USD Million)

Chapter 6: Coronavirus Diseases (COVID-19) Impact:

6.1. Introduction

6.2 Current and Future Impact Analysis

6.3 Economic Impact Analysis

6.4 Investment Scenario

Chapter 7. North America 6G Technology Market Share by Region, 2023 & 2032 (USD Million)

7.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
7.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
7.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
7.4.1. U.S.
7.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
7.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
7.4.1.3 Market Estimates and Forecast by Application, 2023-2032 (USD Million)

7. 4.2. Canada
7. 4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
7. 4.2.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
7. 4.2.3 Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 8. Europe 6G Technology Market Share by Region, 2023 & 2032 (USD Million)
 
8.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
8.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

8.4.1. Germany
8.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.1.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
8.4.2. France
8.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.2.3. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.2.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.3.  UK
8.4.3.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.2.3.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.4.  Italy
8.4.4.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.4.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.4.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.5.  Russia
8.4.5.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.5.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.5.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.6.  Nordic Countries
8.4.6.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.6.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.6.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.7. Rest of Europe
8.4.7.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.7.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.7.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 9. Asia Pacific 6G Technology Market Share by Region, 2023 & 2032 (USD Million)

9.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
9.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

9.4.1. China
9.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.1.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.2. Japan
9.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.2.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.2.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.3.  South Korea
9.4.3.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.3.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.4.  India
9.4.4.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.4.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.4.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.5.  Australia

9.4.5.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.5.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.5.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.6. Rest of Asia Pacific
9.4.6.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.6.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.6.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 10. Latin America 6G Technology Market Share by Region, 2023 & 2032 (USD Million)

10.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
10.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

10.4.1. Mexico
10.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
10.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.4.1.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
10.4.2. Brazil
10.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
10.4.2.2 Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.4.2.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
10.4.3 Rest of Latin America
10.4.3.1 Market Estimates and Forecast 2023-2032 (USD Million)
10.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.4.3.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 11. Middle East and Africa 6G Technology Market Share by Region, 2023 & 2032 (USD Million)

11.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
11.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million

11.4.1 Turkey
11.4.1.1 Market Estimates and Forecast 2023-2032 (USD Million)
11.4.4.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.4.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
11.4.2.  Saudi Arabia
11.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
11.4.2.2 Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.2.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
11.4.3 UAE
11.4.3.1. Market Estimates and Forecast 2023-2032 (USD Million)
11.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.4.1. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
11.4.5.  Rest of MEA
11.4.5.1. Market Estimates and Forecast 2023-2032 (USD Million)
11.4.5.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.5.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 12 6G Technology Market Competitive Landscape

  • AT&T
  • Broadcom
  • Cisco
  • DeepSig
  • Ericsson
  • Fujitsu
  • Google
  • Huawei
  • InterDigital
  • Keysight
  • LG Corporation
  • MediaTek
  • National Instrument Corp
  • Nokia
  • NTT DoCoMo
  • Orange

Table & Figure

  • AT&T
  • Broadcom
  • Cisco
  • DeepSig
  • Ericsson
  • Fujitsu
  • Google
  • Huawei
  • InterDigital
  • Keysight
  • LG Corporation
  • MediaTek
  • National Instrument Corp
  • Nokia
  • NTT DoCoMo
  • Orange

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