Industrial and Consumer Segments to Drive 6G Market, With Anticipated CAGR of 71.4%, Surpassing $294.7 Billion by 2040
DUBLIN, Sept. 14, 2023 /PRNewswire/ -- The "Global 6G Market: Emerging Opportunities" report has been added to ResearchAndMarkets.com's offering.
The global 6G market is poised for remarkable growth, with projections reaching a value of $679.6 billion by 2040, fueled by an extraordinary Compound Annual Growth Rate (CAGR) of 68.6%. Starting from a base year of 2030, this report presents a comprehensive overview of the market, offering insights into expected revenue, market trends, and challenges.
The report delves into the intricate details of the global 6G market, analyzing trends and providing estimates for the period from 2031 to 2040. Revenue forecasts during this period are categorized by device, communication infrastructure, end-user, and region.
In the 6G era, we anticipate the seamless convergence of digital and physical realms, ushering in extraordinary sensory experiences. Intelligent information systems, coupled with formidable computational capabilities, will enhance human efficiency and revolutionize lifestyles, work culture, and environmental conservation. A 6G network operates in untapped radio frequencies and utilizes cognitive technologies like AI to offer low-latency, high-speed communication surpassing that of fifth-generation networks.
The burgeoning demand for advanced networks is expected to underpin the growth of the 6G market. The surge in internet usage has led to an exponential increase in data and information transmission through communication networks. 6G is expected to provide at least 20 times the wide-area capability of 5G. Additionally, the 6G user-experienced data rate is projected to exceed 1,000 Mbps, which is ten times faster than 5G. This allure has prompted numerous countries to invest significantly in the development of 6G technology. Several nations are launching initiatives and dedicating substantial resources to become leaders in this field. Furthermore, the need for high bandwidth to support the seamless operation of connected devices, combined with advancements in 6G technology offering higher speeds and nationwide coverage, is expected to drive market expansion in the coming years.
This comprehensive report segments the global 6G market by device, communication infrastructure (wireless and fixed), end-user, and region.
The industrial/commercial segment is poised to dominate the global 6G market, projected to reach a value of $2.1 billion by 2030 and an astonishing $330.1 billion by 2040. The consumer segment, on the other hand, is expected to exhibit the highest growth, with a remarkable CAGR of 71.4%, surging to $294.7 billion by 2040 from $1.5 billion in 2030. The demand for 6G technology is anticipated to surge post the COVID-19 pandemic, with a continued emphasis on building robust communication infrastructure. Remote work is becoming the new norm, and as both industries and consumers increasingly rely on online interactions, the market is expected to see substantial growth, particularly in segments requiring high security and low-latency connectivity.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Chapter 4 Market Dynamics
Chapter 5 Market Breakdown by Device
Chapter 6 Market Breakdown by Communication Infrastructure
Chapter 7 Market Breakdown by End-user
Chapter 8 Market Breakdown by Region
Chapter 9 Sustainability in 6G Market: An Esg Perspective
Chapter 10 Emerging Technologies and Developments
Chapter 11 Patent Analysis
Chapter 12 Competitive Landscape
Chapter 13 Company Profiles
Chapter 14 Appendix: Acronyms
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