Key Trend Reshaping the 6G Market in 2025: Advanced Technology Products For Anticipating The Requirements For 6G Wireless Communications Development

What combination of drivers is leading to accelerated growth in the 6g market?
The prediction of increasing internet connectivity is expected to stimulate the 6G marketplace. When referring to internet connectivity, it is the connection of individuals or devices to the web that promotes the exchange of data and communication. The integration of 6G in internet connectivity is designed to allow internet-enabled devices to achieve peak speeds of one terabit per second (TBPS), and ensure an effective and reliable connection, even when high numbers of devices are connected. A report published by the Switzerland-based International Telecommunication Union in October 2023 indicated that approximately 67% of the global populace, or 5.4 billion individuals, have internet access. There has been a growth of 4.7% since 2022, a considerable increase from the 3.5% expansion witnessed between 2021 to 2022. Consequently, the expansion in internet connectivity is propelling the 6G market. The increment in the adoption of Internet of Things (IoT) devices is speculatively beneficial to the progression of the 6G market. IoT devices are tangible gadgets that are equipped with sensors, software, and other technological aspect that allow them to establish connections, accumulate and exchange data with other devices and systems via the internet. The higher expected data rates from 6G should enable IoT devices to transfer and receive data at high speeds, suitable for applications that require ultra-high data input including augmented reality (AR), virtual reality (VR), and streaming of high-definition videos.
In 2022, Ericsson, a telecom company based in Sweden, published a report stating that broadband IoT (4G/5G) had reached 1.3 billion connections for that year alone, and these are expected to cover nearly 60% of all cellular IoT connections by the end of 2028. In connection with cellular IoT connections, North East Asia is predicted to surpass 2 billion connections come 2023. Therefore, the increased adoption of IoT devices is stimulating the growth of the 6G market.

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What is the projected compound annual growth rate (CAGR) of the 6g market from 2025 to 2034, and what factors influence it?
The size of the 6G market has been expanding rapidly over the past few years. It's predicted to increase from $7.32 billion in 2024 to $9.5 billion in 2025, reflecting a compound annual growth rate (CAGR) of 29.7%. The notable growth during the historic period can be linked to the advancement of wireless connectivity, rising data requirements, investments from the government and industry, emerging applications, and the development of ultra-reliable low latency communication (urllc).

Expectations are high for the 6G market size to witness massive expansion in the upcoming years. The projections show that it will escalate to $26.43 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 29.2%. This growth during the projected period can be ascribed to factors like sustainable and eco-friendly communication, advancements in spectrum innovation, heightened security and privacy concerns, worldwide efforts towards standardization and sector-specific demands. The major trends to look out for in the forecast period span integration of emerging technologies, global collaboration, digital transformation on a global scale, technological progress, and the advent of terahertz (THz) communication.

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How are the latest trends influencing the growth of the 6g market?
Major players in the 6G market are concentrating their efforts on incorporating innovative technology products that employ software such as electronic design automation (EDA) software. This approach is geared towards foreseeing the prerequisites for 6G wireless communication growth and gaining an upper hand in the field. The suite of electronic design automation (EDA) software serves as a comprehensive toolkit to ease the automatic design and verification of electronic circuits and systems. For example, in June 2023, Keysight Technologies Inc., a US-based electronics firm, debuted its PathWave ADS 2024, an EDA software suite tailored for chip designers offering 5G and 6G wireless communication features. It provides solutions to obstacles faced in mmWave frequency bands, like signal loss, intricate packaging, and design problems. The software offers an upgrade to the simulation with quicker 3D electromagnetic analysis, simplified procedures for RF components, and enhanced electrothermal simulation for microwave power amplifiers.

What are the major segments of the 6g market and their role in driving growth?
The 6G market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Device: Networking Devices, IoT and Edge-Computing Devices, Mobile Devices, Other Devices
3) By Application: Digital Twins, Blockchain, Smart Cities
4) By End-User Vertical: Agriculture, Automotive, Healthcare, Government, Manufacturing, Other End-user Verticals

Subsegments:
1) By Hardware: Network Infrastructure, User Equipment, Chips And Components, Other Supporting Equipment
2) By Software: Network Management And Optimization, Communication Protocols, Data Analytics And AI Platforms, Security Software, Application Software
3) By Services: Consulting And Deployment Services, Managed Services, Integration Services, Support And Maintenance, Training And Education

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Which regions are key players in the growth of the 6g market?
North America was the largest region in the 6G market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 6g market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the 6g market?
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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What Is Covered In The 6G Global Market Report?

• Market Size Forecast: Examine the 6g market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the 6g market for a structured understanding.
• Key Players Overview: Analyze major players in the 6g market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the 6g market.
• Segment Contributions: Evaluate how different segments drive overall growth in the 6g market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the 6g market.
• Industry Challenges: Identify potential risks and obstacles affecting the 6g market.
• Competitive Landscape: Review strategic developments in the 6g market, including expansions, agreements, and new product launches.

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