Press release
Global 6G Market to See Strong Growth, Reaching USD 6.85 Billion in 2024
6G will operate on terahertz frequency bands, delivering data speeds up to 100 times faster than 5G. The technology is designed to provide seamless, ultra-fast connections while supporting advanced applications across industries. Expected uses include smart cities, autonomous transportation, industrial automation, and the Internet of Things (IoT).
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Some of the key companies in 6G market include:
Huawei Technologies Co., Ltd.
Nokia Corporation
Ericsson
Samsung Electronics Co., Ltd.
Qualcomm Incorporated
Intel Corporation
ZTE Corporation
BT Group plc
Cisco Systems, Inc.
SoftBank Group Corp.
In addition to speed and performance, 6G aims to integrate closely with Artificial Intelligence (AI), edge computing, and quantum communication systems. This integration will help improve data processing, network efficiency, and overall reliability. Some of the core features under development include enhanced spectrum technologies, stronger privacy and security measures, AI-based network management, and the ability for networks to function as sensors.
A key advantage of 6G will be its improved energy efficiency. Systems will be capable of scaling down or turning off certain components during low-demand periods, reducing power usage without affecting performance. The network will also be designed to collect and process data locally, ensuring high reliability and secure operations.
As development continues, 6G is expected to play a major role in enabling a more connected and automated world. Its potential to deliver faster, smarter, and more efficient communication will create opportunities for innovation across multiple sectors in the years ahead.
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6G Market Market Segmentation Analysis
The main report offers detailed historical data and forecasts revenue growth at a global, regional, and country level, and provides analysis of the market trends in each of the segments from 2020 to 2033:
Component Outlook (Revenue, USD Billion; 2020-2033)
Hardware
Software
Services
Network Infrastructure
Application Outlook (Revenue, USD Billion; 2020-2033)
Enhanced Mobile Broadband (eMBB)
Ultra-Reliable Low Latency Communications (URLLC)
Massive Machine-Type Communications (mMTC)
AI-Driven Communication
End-Use Outlook (Revenue, USD Billion; 2020-2033)
Telecommunications
Healthcare
Manufacturing
Transportation and Logistics
Media and Entertainment
Energy and Utilities
Industry Vertical Outlook (Revenue, USD Billion; 2020-2033)
Smart Cities
Automotive
Aerospace and Defense
Industrial Automation
Retail and E-commerce
Education and Training
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