July 15, 2024
6G Market Size, Share with Focus on Emerging Technologies, Top Countries Data, Top Key Players Update, and Forecast 2030 2
6G Market Size, Share with Focus on Emerging Technologies, Top Countries Data, Top Key Players Update, and Forecast 2030
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AT&T (US), Broadcom (US), Cisco (US), DeepSig (US), Ericsson (Sweden), Fujitsu (Japan), Google (US), Huawei (China), InterDigital (US), Keysight (US), LG Corporation (South Korea), MediaTek (Taiwan), National Instrument Corp (US), NEC Corporation (Japan), Nokia (Finland), NTT DoCoMo (Japan), Orange (France), Qualcomm (US), Reliance Jio (India).
6G Market by Vertical (Agriculture, Automotive, Educational and entertainment, Health, Manufacturing, Public safety), by Application (Multi sensory extended reality, Blockchain), by Deployment Device & Region – Global Forecast to 2030

MarketsandMarkets forecasts the 6G Market size from USD 5.1 billion in 2023 to USD 40.2 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 34.2% during the forecast period. The increasing demand for ultra-high-speed and reliable connectivity to support emerging technologies and applications is a key driver fueling the growth of the 6G market.

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By deployment devices, Internet of Things (IoT) devices are expected to register the fastest growth rate during the forecast period.

With the increasing adoption of IoT across various industries, there is a growing need for reliable and high-speed connectivity to support the massive number of connected devices. 6G technology, with its ultra-low latency, high bandwidth, and enhanced network capabilities, is well-suited to meet the demands of IoT applications. IoT devices like sensors, smart appliances, and industrial equipment require seamless connectivity and real-time data transmission for efficient operations and decision-making. The growth of IoT in sectors like healthcare, manufacturing, transportation, and smart cities is driving the demand for 6G networks to support the massive influx of IoT devices and enable seamless communication and data exchange. As a result, the IoT devices segment is expected to play a significant role in driving the growth of the 6G market in the coming years.

By application, distributed sensing and communications segment to dominate the market during the forecast period.

The distributed sensing and communications segment is projected to hold the largest market share during the forecast period. Distributed sensing and communications use advanced technologies and networks to enable real-time data collection, analysis, and communication across various industries and sectors. This application segment is expected to grow significantly due to the increasing demand for high-speed, reliable, and low-latency connectivity to support a wide range of applications such as smart cities, industrial automation, environmental monitoring, and healthcare. Distributed sensing and communications in the 6G network enable the seamless integration of diverse devices and sensors, allowing for efficient data transmission and decision-making.

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The major players in the 6G market are AT&T (US), Broadcom (US), Cisco (US), DeepSig (US), Ericsson (Sweden), Fujitsu (Japan), Google (US), Huawei (China), InterDigital (US), Keysight (US), LG Corporation (South Korea), MediaTek (Taiwan), National Instrument Corp (US), NEC Corporation (Japan), Nokia (Finland), NTT DoCoMo (Japan), Orange (France), Qualcomm (US), Reliance Jio (India), Samsung (South Korea), SK Telecom (South Korea), Sony (Japan), T-Mobile (US), Verizon (US), China Mobile (China), ZTE (China) have adopted various strategies to grow in the global loyalty management market.

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Ericsson, a global telecommunications company, has been at the forefront of technological advancements in the mobile industry for decades. With its network infrastructure and innovation expertise, Ericsson is well-positioned to shape the future of 6G. The company’s research and development efforts focus on pushing the boundaries of connectivity, aiming to deliver ultra-low latency, ultra-high data rates, and massive device connectivity. Ericsson’s vision for 6G includes seamless integration with emerging technologies like artificial intelligence, augmented reality, and the Internet of Things (IoT), enabling transformative applications across sectors.

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Huawei, another major player in the telecommunications space, is also actively involved in driving the development of 6G technology. As a global provider of networking solutions and equipment, Huawei has been at the forefront of 5G deployment and is now investing in research and development for 6G. The company envisions 6G as a catalyst for intelligent connectivity, leveraging advanced technologies such as terahertz frequency bands and AI-driven network optimization. Huawei aims to create an ecosystem that supports immersive experiences, autonomous systems, and intelligent connectivity, revolutionizing industries ranging from healthcare and transportation to manufacturing and entertainment.

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6G Market Size, Share with Focus on Emerging Technologies, Top Countries Data, Top Key Players Update, and Forecast 2030 first appeared on Web and IT News.

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