What Is The Leading Driver Behind Growing Internet Connectivity Is Anticipated To Fuel The 6G Market Market Expansion in 2025

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What Will the 6G Industry Market Size Be by 2025?
There has been a remarkable growth in the 6G market size over the past few years. The market is expected to rise from $7.32 billion in 2024 to $9.48 billion in 2025, representing a compound annual growth rate (CAGR) of 29.4%. This significant growth during the historical period can be associated with the evolution of wireless connectivity, an increased demand for data, investments by government and industry, introduction of new use cases, and ultra-reliable low latency communication (urllc).

What's the Long-Term Growth Forecast for the 6G Market Size Through 2029?
Over the upcoming years, the 6G market is anticipated to experience a remarkable surge in its size. By the year 2029, it's projected to expand to $26.38 billion, marking a compound annual growth rate (CAGR) of 29.2%. The augmentation during the forecast period can be ascribed to factors such as green and sustainable communication, innovation in the spectrum, issues related to security and privacy, global standardization initiatives, and requirements specific to various industries. The period under forecast also witnesses key trends like integration of emerging technologies, global collaboration, worldwide digital transformation, advancement in technology, and communication through terahertz (thz).

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What Are the Key Growth Drivers Fueling the 6G Market Expansion?
The escalating degree of internet connectivity is expected to catalyze the 6G market's expansion. Internet connectivity is the capability of persons or devices to connect to the internet, allowing for efficient data retrieval and communication. The 6G technology is employed to optimize internet devices, enabling them to reach peak speeds of one terabit per second (TBPS). This ensures a reliable and efficient connection even with numerous devices connected simultaneously. For example, the International Telecommunication Union, a specialized agency based in Switzerland, reported in October 2023 that approximately 67% of the global populace or 5.4 billion individuals have an online presence. This figure registers a 4.7% blow-up since 2022, a significant rise from the 3.5% growth observed from 2021 to 2022. Thus, this surge in internet connectivity is steering the growth of the 6G market.

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What Are the Key Trends Driving 6G Market Growth?
Prominent players in the 6G market are zeroing in on the incorporation of cutting-edge technology products that rely on software, including electronic design automation (EDA) software. The objective is to preemptively meet the demands of 6G wireless communications development and procure a market advantage. The EDA software suite is a full-featured toolbox that aids in the automated creation and validation of electronic circuits and systems. To exemplify, in June 2023, Keysight Technologies Inc., an electronics firm based in the US, unveiled its PathWave ADS 2024, an EDA software suite tailored for chip designers that provides capabilities for 5G and 6G wireless communications. It deals with complications in mmWave frequency bands, extending solutions for signal loss, intricate packaging, and design challenges. The software advances simulation through accelerated 3D electromagnetic scrutiny, streamlined processes for RF parts, and amplified electrothermal simulation for microwave power amplifiers.

How Is the 6G Market Segmented?
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 Companies Are Leading the Charge in 6G Market Innovation?
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 Are Leading the Global 6G Market in Revenue?
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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