Apple Inc, Google LLC, Samsung Electronics Co Ltd, Verizon Communications Inc, AT&T Inc, Nippon Telegraph and Telephone Corporation (NTT), Huawei Technologies Co Ltd, Sony Corporation

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2034

The Business Research Company offers in-depth market insights through 6G Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The 6g market size has grown exponentially in recent years. It will grow from $5.65 billion in 2023 to $7.32 billion in 2024 at a compound annual growth rate (CAGR) of 29.6%. The growth in the historic period can be attributed to wireless connectivity evolution, growing data demand, government and industry investments, emerging use cases, ultra-reliable low latency communication (urllc).

The 6g market size is expected to see exponential growth in the next few years. It will grow to $20.46 billion in 2028 at a compound annual growth rate (CAGR) of 29.3%. The growth in the forecast period can be attributed to sustainable and green communication, spectrum innovation, security and privacy concerns, global standardization efforts, industry-specific requirements. Major trends in the forecast period include emerging technologies integration, international collaboration, global digital transformation, technological advancements, terahertz (thz) communication.

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Market Segmentation:
The main types of 6G components are hardware, software and services. Hardware refers to the external and internal devices and equipment that facilitate essential functions such as input, output, storage, communication, processing, and other core operations. It encompasses numerous devices, such as networking devices, IoT and edge computing devices, mobile devices, and others, and employs multiple applications, including digital twins, blockchain, and smart cities morover end users include agricultural, automotive, healthcare, government, manufacturing, and others.

Major Driver - Growing Internet Connectivity Is Anticipated To Fuel The 6G Market
The growing internet connectivity is anticipated to fuel the 6G market. Internet connectivity refers to the ability of individuals or devices to be linked to the Internet, facilitating data access and communication. 6G is used in internet connectivity to enable internet devices to attain maximum speeds of one terabit per second (TBPS) and allows for highly efficient and reliable connectivity even with a massive number of connected devices. For instance, in February 2021, according to DataReportal, a Singapore-based online reference library, in 2022, 92.0% of the entire population in the US had internet access and between 2021 and 2022, the number of internet users in the US increased by 8.4 million, or 2.8%. Therefore, the growing internet connectivity is driving the 6G market.

Competitive Landscape:
Major companies operating in the 6g market report are Apple Inc, Google LLC, Samsung Electronics Co Ltd, Verizon Communications Inc, AT&T Inc, Nippon Telegraph and Telephone Corporation (NTT), Huawei Technologies Co Ltd, Sony Corporation, T-Mobile US Inc, LG Corporation, Intel Corporation, Cisco Systems Inc, Orange SA, Qualcomm Incorporated, Mitsubishi Electric Corporation, Broadcom Inc, Fujitsu Limited, Telefonaktiebolaget LM Ericsson , Nokia Corporation, NEC Corporation, MediaTek Inc, ZTE Corporation, SK Telecom Co Ltd, Keysight Technologies Inc, Ciena Corporation, Rohde & Schwarz, Xilinx Inc, National Instruments Corporation, InterDigital Inc, DeepSig Inc

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Top Trend - Advanced Technology Products For Anticipating The Requirements For 6G Wireless Communications Development
Major companies in the 6G market are focused on adopting advanced technology products that utilize software, such as electronic design automation (EDA) software, to anticipate the requirements for 6G wireless communications development and gain a competitive edge in the market. The electronic design automation (EDA) software suite is a comprehensive toolset facilitating the automated design and verification of electronic circuits and systems. For instance, in June 2023, Keysight Technologies Inc., a US-based electronics company, launched its PathWave ADS 2024, an electronic design automation (EDA) software suite for chip designers, providing capabilities for 5G and 6G wireless communications. It addresses challenges in mmWave frequency bands, offering solutions for signal loss, complex packaging, and design issues. The software enhances simulation with faster 3D electromagnetic analysis, streamlined workflows for RF components, and improved electrothermal simulation for microwave power amplifiers.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. 6G Market Characteristics
3. 6G Market Trends And Strategies
4. 6G Market - Macro Economic Scenario
5. 6G Market Size And Growth
…..
27. 6G Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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