Press release
6G Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
6G
What Is the Expected 6G Market Size During the Forecast Period?
The market size for 6G has experienced monumental growth in the past few years. Its size is projected to increase from $7.32 billion in 2024 to $9.5 billion in 2025, with a compound annual growth rate (CAGR) of 29.7%. The recorded growth during the historic period can be attributed to advancements in wireless connectivity, increased data demand, investments from governments and industries, emerging applications, and the advent of ultra-reliable low latency communication (urllc).
Expectations are high for significant expansion in the 6G market size in the coming years. The market is projected to swell to $26.43 billion by 2029, representing a compound annual growth rate (CAGR) of 29.2%. The predicted growth in the forecast period can be credited to factors like sustainable and green communication, spectrum innovation, concerns about security and privacy, globalization of standardization efforts, and specific industry requirements. The forecast period also sees the emergence of several major trends, including the integration of emerging technologies, international collaboration, worldwide digital transformation, advancements in technology, and terahertz (thz) communication.
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What Are the High-Growth Segments in the 6G Market?
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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What Key Drivers Are Expected to Influence Future 6G Market Growth?
The surge in internet connectivity is predicted to accelerate the 6G market. Internet connectivity denotes the capacity for individuals or devices to connect to the Internet, allowing for data retrieval and communication. The use of 6G in internet connectivity ensures that internet devices can reach peak speeds of one terabit per second (TBPS), maintaining efficient and reliable connection even with large quantities of connected devices. For instance, as per a report by the International Telecommunication Union, a special agency based in Switzerland, in October 2023, approximately 67 percent of the global population, equivalent to 5.4 billion people, is now connected to the internet. This signifies a 4.7 percent rise since 2022, an increase from the 3.5 percent growth observed between 2021 and 2022. Consequently, the surge in internet connectivity is propelling the 6G market. 6G Market Driver: Growth in 6G Market Fueled By Adoption of IoT Devices
Which Companies Hold the Largest Share Across Different 6G Market Segments?
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
What Trends Are Driving Growth in The 6G Market?
Major players in the 6G market are concentrating on adopting cutting-edge technology products using software like electronic design automation (EDA) software, to predict the needs for 6G wireless communications advancement and secure a competitive advantage in the market. The EDA software suite offers a comprehensive toolset for automated design and verification of electronic circuits and systems. For example, in June 2023, Keysight Technologies Inc., an American electronics firm, unveiled its PathWave ADS 2024, an EDA software suite for chip designers, providing competencies for 5G and 6G wireless communications. The software addresses issues associated with mmWave frequency bands, providing solutions for signal loss, intricate packaging, and design-related concerns. The software also escalates simulation with quicker 3D electromagnetic analysis, streamlined workflows for RF components, and enhanced electrothermal simulation for microwave power amplifiers.
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What Are the Emerging Geographies for The 6G Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the 6G Market?
2. What is the CAGR expected in the 6G Market?
3. What Are the Key Innovations Transforming the 6G Industry?
4. Which Region Is Leading the 6G Market?
Why This Report Matters:
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Efficient Research: Quickly identify market growth, leading players, and major segments.
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