6G Market Set to Experience a Massive 26.5% CAGR During 2024-2030

6G technology is expected to have a substantial impact on the growth of IoT, blockchain, and artificial intelligence. Artificial intelligence involves replicating human intelligence in machines, enabling them to perform specific tasks.

According to MarkNtel Advisors study, The Global 6G Market size is estimated to grow at a CAGR of around 26.5% during the forecast period, i.e., 2024-30.

Due to the increasing reliance on technology and communication networks, consumers are becoming less tolerant of delays and interruptions in data transmission. Telecommunication systems are an integral part of daily lives, and even a minor delay, as short as one millisecond, leads to a detrimental impact on tasks, especially in critical areas like autonomous vehicles. To stay competitive, service providers are actively working to minimize the slightest chance of network delays. Recent advancements in internet technology have enabled the use of interactive applications such as personalized web browsing, online gaming, video conferencing, and financial trading, all of which demand minimal latency.

Further, the financial and trading sector highlights the universal need for reduced latency. In these sectors, even slight delays can have significant financial repercussions. This growing demand for low-latency networking solutions underscores the crucial need for 6G technology in optimizing user experiences and business operations across various industries.

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Key Findings in 6G Market:

Historical Years	2019-2022
Base Years	2023
Forecast Years	2024-2030
Key Report Highlights	·         Market Dimensions & Projections ·         Pricing Evaluation, ·         Recent Strategic Moves by Companies, ·         Primary Stakeholders, ·         Analysis of Import and Export Trends, ·         Competitive Landscape Assessment, ·         Emerging Opportunities, ·         Market Trends and Indicators
Reports Delivery Format	Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

 

6G Market Key Players:

Telefonaktiebolaget LM Ericsson , Intel Corporation , Ciena Corporation, Nokia, Huawei Technologies Co., Ltd, Orange Business, Samsung, Reliance Jio, ZTE Corporation, MediaTek Inc., NTT DOCOMO Inc., Qualcomm Technologies, Inc., Keysight Technologies, Apple Inc., AT&T Intellectual Property, Others

Market Segmentation Overview:

By Component

-Hardware

–Antennas

–Transceivers & Radios

–Signal Processing Units

–Others (Routers, Consumer Gadgets, etc.)

-Software

-Services

By Deployment Devices

-Smartphones

-Laptops/Tablets

-Wearables

By Communication Infrastructure

-Fixed

-Wireless

–Mobile Broadband

–Mobile Cellular

By Application

-Multisensory Extended Reality

-Networked-Enabled Robotic and Autonomous Systems

-Distributed Sensing and Communications

-Blockchain and DLT

-Smart Cities

-Others (Internet of Everything (IoE), Wireless Brain-Computer Interactions (BCI), etc.)

The distributed sensing and communications segment is projected to hold the largest market share during the forecast period. This segment involves the use of advanced technologies and networks to enable real-time data collection, analysis, and communication across different industries. The primary reason for its expected growth is the increasing demand for high-speed, reliable, and low-latency connectivity, which is essential for supporting a range of applications, including smart cities, industrial automation, environmental monitoring, and healthcare services. In the context of 6G, distributed sensing and communications facilitate the smooth integration of various devices and sensors, ensuring efficient data transmission and enabling timely decision-making.

By End User

-Banking, Financial Services and Insurance (BFSI)

-Consumers

-IT & Telecom

-Manufacturing

-Healthcare

-Retail

-Media & Entertainment

-Others (Education, Tourism, etc.)

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By Region

North America

South America

Europe

The Middle East & Africa

Asia-Pacific

The 6G Industry Recent Development:

2022: Samsung, partnered with Korea University to create a specialized department focused on the advancement of next-generation technologies, including 6G, through research and development.

About MarkNtel Advisors:

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