6G Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2035, Segmented By Component (Hardware, Software, Services), By Communication Infrastructure (Wireless, Fixed), By Application (Multisensory XR Applications, Connected Robotics and Autonomous Systems (CRAS), Wireless Brain-Computer Interactions (BCI), Digital Twins, Smart Cities, Internet of Everything (IoE), Blockcha
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization6G Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2035, Segmented By Component (Hardware, Software, Services), By Communication Infrastructure (Wireless, Fixed), By Application (Multisensory XR Applications, Connected Robotics and Autonomous Systems (CRAS), Wireless Brain-Computer Interactions (BCI), Digital Twins, Smart Cities, Internet of Everything (IoE), Blockcha
Global 6G market is expected to thrive
Capitalizing on the Latest Technological Advancements
The ecosystem can unite on priority topics in the core wireless and related domains as part of the global 3GPP standardization process and incorporate them into the definition of 6G. Some of the following technological building blocks will probably be used in the new 6G platforms.
Radio and Baseband
Network Disaggregation
Computable Topology
Machine Learning
Multimedia and Display
High Emphasis on Low Latency Network for Specific Applications Drives Market Growth
5G network provides higher download rates and lower latency than the 4G LTE network. Naturally, 6G networks will provide far more capacity and lower latency than 5G networks while operating at higher frequencies. Current forecasts state that 6G will have a peak speed of one terabit per second (Tbps), being 100 times faster than 5G. 6G plans to hit 95 kilobits of frequency, which is more than 5G's 60 kilobits. When compared to 5G, 6G will employ more sophisticated radio gear, more airwaves, and an extremely high frequency (EHF) spectrum that can transmit data at extremely high rates and in large quantities over very short distances. Unlike existing 5G networks, which are an add-on, 6G network technology will be integrated into the network, enabling better access to AI capabilities, supporting advanced mobile devices. In addition to enhancing connectivity and performance, a future 6G network should also use AI and machine learning to enhance assistance and efficiency, advance greater sustainability, enhance security to promote trust and dependability, and broaden and improve global connectivity.
In order to support device-as-a-service and satisfaction-as-a-service, a ubiquitous network of smart devices needs ultra-reliable, low-latency wireless networks in addition to exceptionally highly reliable data transport. Currently, cellular systems find it difficult to provide ultra-high rate, ultrabroadband, 4K/8K, extreme reality, and holographic video streaming in all kinds of weather. Users can experience 0.001 ms gearbox latency, 1000 km/h quick mobility, and 99.99% reliability with this cutting-edge technology. Furthermore, the Open Radio Access Network (O-RAN) will be fully utilised by 6G. This idea allows for the usage of one agent's radio with another agent's network code, which is not possible in the "closed" networks of today. In order to enable operators to design networks differently, the decoupling of hardware and software (virtualization) would increase reliance on general purpose tools. In order to connect real-time end devices like cars, sensors, and robotics, 6G connections enable IoT paradigms beyond personalised communication contexts. Due to these factors, the market will grow in near future.
Usage of Holography in Communication will Boost Market Growth
With the sixth generation of wireless communications, the internet of senses, and digital twins, a number of use cases are anticipated to materialise, including holographic communication. The maturity of the current 5G systems will coincide with 6G, as has been the historical trend in mobile communications with constant technical releases, ensuring continuing evolution of the industry. 6G networks are anticipated to have gigahertz of bandwidth, an improved software architecture similar to the current 5G network, a greater reliance on artificial intelligence, and seamless integration of the communication network with our daily lives, creating enhanced digital experiences. 6G networks are expected to operate in terahertz bands. The convergence of computing, communication, and processing will improve the quality of the experience as it relates to holographic communication. Holographic information is formed, communicated, and recreated by simultaneously managing all variables, giving the user a more realistic experience.
The Metaverse's invasion of the technical world in recent years, has had a domino effect on several fields like 6G and many more. Non-fungible tokens (NFT) have been traded widely in the market. The adoption of virtual digital life has surged as a result of the Metaverse. Holographic communication is essential to deliver the necessary immersive experience. Recent patent applications from Meta, mistakenly linked to the Metaverse, describe their 3D voice call system. In the event that the system is put into use, individuals will be able to observe their actual bodily interactions during video chats rather than static 2D ones. Other IT firms are probably developing creative ways that incorporate the Metaverse.
Several uncommercialized technologies could have an impact on holographic communications. Due to its revolutionary impact on technology, quantum computing has been a recurring theme throughout the history of computing. The perception of the holographic experience will be further enhanced by the greatly increased computational capacity.
Excessive Power Consumption Will Hinder the Market in Forecast Period
Power use for a typical 5G base station is twice that of a 4G base station. Higher frequencies require more antennas and smaller cells, which can increase energy costs even further. Additionally, edge computing infrastructure is needed to support future internet of things (IoT) services and local processing. 5G is predicted to cause mobile operators' energy consumption to treble or triple as networks scale. Leading 5G operators in China are expressing concern over rising power consumption. China Mobile claimed that the cost of electricity was fast rising due to 5G in November 2019. Due to cost savings, the business has experimented with employing 32T32R and occasionally 8T8R MIMO antennas, instead of 64T64R.
In addition to utilising more energy in the 5G RAN, carriers are introducing edge computing resources to enable things like low-latency applications and IoT services. Since edge power costs must be kept to a minimum, powering these locations will increase the telco's utility bill and add another degree of complexity to network operations. 6G deployment can make use of 5G infrastructure. The power consumption of the multi-frequency band signal processing will be similar to that of current 5G, although being more power-hungry.
Therefore, excessive power consumption by 6G may limit the market's ability to expand in the forecast period.
Recent Development
Market Segmentation
Market player
Major market players in the Global 6G Market are Nokia Corporation, Samsung Electronics, Huawei Technologies Co. Ltd., Telefonaktiebolaget LM Ericsson, Qualcomm Technologies Inc., AT&T Inc., JIO Infocomm Ltd., Keysight Technologies, ZTE Corporation, among others.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2035 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2035 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Component Communication Infrastructure Application End User |
| Regional scope | North America, Asia-Pacific, Europe, South America, Middle East & Africa |
| Country scope | United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Germany, United Kingdom, France, Spain, Italy, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE |
| Nokia Corporation, Samsung Electronics, Huawei Technologies Co. Ltd., Telefonaktiebolaget LM Ericsson, Qualcomm Technologies Inc., AT&T Inc., JIO Infocomm Ltd., Keysight Technologies, ZTE Corporation | |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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