Comprehensive 6G Market Forecast 2025-2034: Growth Trends and Strategic Shifts

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6G Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the 6G market has significantly expanded over the previous years. It's projected to heighten from $7.32 billion in 2024 to $9.5 billion in 2025, with a compound annual growth rate (CAGR) of 29.7%. Factors contributing to this growth during the historic period include the evolution of wireless connectivity, increasing data demand, investments from the government and industry, emerging use scenarios, and the rise of ultra-reliable low latency communication (urllc).

6G Market Size Forecast: What's the Projected Valuation by 2029?
The market size of 6G is projected to witness a significant rise in the upcoming years. By 2029, the market will be valued at $26.43 billion, thanks to a compound annual growth rate (CAGR) of 29.2%. The growth predicted over the forecast period is due to factors such as sustainable and eco-friendly communication, innovation in the spectrum, the enhancement of security and privacy, efforts about global standardization, and industry-specific requirements. Some key trends anticipated during the forecast period would be the inclusion of emerging technologies, collaborations at the international level, worldwide digital transformation, technological progress, and communication via terahertz (thz).

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What Are the Drivers Transforming the 6G Market?
The predicted expansion of online connectivity is set to provide a jump-start to the 6G market. The term internet connectivity refers to the capacity of individuals or devices to establish a connection to the Internet, paving the way for data access and communication. To boost internet connectivity, 6G technology is employed, enabling web-connected devices to reach optimal speeds of one terabit per second (TBPS) and supporting highly productive and trustworthy connections even with an extensive number of connected devices. For example, according to an International Telecommunication Union report, a specialized agency based in Switzerland, around 67% of the world's population or 5.4 billion individuals, had internet access as of October 2023. That's a rise of 4.7 percent from 2022, dwarfing the 3.5 percent increase seen between 2021 and 2022. As such, the escalating internet connectivity is positively influencing the 6G market. 6G Market Driver: Adoption of IoT Devices Accelerates Growth in the 6G Market

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What Long-Term Trends Will Define the Future of the 6G Market?
Leading firms in the 6G market are concentrating their efforts on adopting advanced technology products which leverage software, like electronic design automation (EDA) software. This approach is intended to predict 6G wireless communication development needs and secure a competitive advantage. The EDA software suite is a comprehensive set of tools that supports automatic design and verification of electronic circuits and systems. For example, in June 2023, Keysight Technologies Inc., a US-based electronics firm, introduced their PathWave ADS 2024. This EDA software suite caters to chip designers' needs by providing capabilities for 5G and 6G wireless communications. It helps tackle issues in mmWave frequency bands by providing solutions for signal loss, complex packaging, and design complications. The software also boosts simulation through rapid 3D electromagnetic analysis, optimizes workflows for RF components, and enhances electrothermal simulation for microwave power amplifiers.

Which Segments in the 6G Market Offer the Most Profit Potential?
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 Firms Dominate the 6G Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in 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.

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