6G Market Expected to Reach $50.76 Billion by 2032, CAGR of 27.76%

6G Market Size Worth $50.76 Billion By 2032 | CAGR: 27.76%


The global 6G market size is projected to reach USD 50.76 billion by 2032, according to a new study by Polaris Market Research. The report “6G Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, and Services); By Infrastructure; By Application; By End-User; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The 6G technology market is anticipated to bring significant enhancements to imaging, presence technology, and location awareness. By collaborating with artificial intelligence (AI), the computational infrastructure of 6G will have the capability to determine the optimal location for computing tasks, encompassing considerations for data storage, processing, and sharing.

It is crucial to emphasize that 6G is not currently operational. Although certain vendors are dedicating resources to the development of this next-generation wireless standard, industry specifications for network products enabled by 6G are still several years from realization.

6G networks will function by utilizing signals in the upper range of the radio spectrum. This capacity and reduced latency will enhance the capabilities of 5G applications and broaden the potential for supporting novel applications in wireless connectivity, sensing, cognition, and imaging. With 6G, access points will have the capacity to serve multiple clients using orthogonal frequency-division multiple access concurrently.

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The surge in 5G has spurred extensive discussions about automated cars, drones, remote-controlled factories, and other applications of artificial intelligence (AI). With the emergence of 6G, this trend is anticipated to intensify, and some experts believe that artificial intelligence will be indispensable for ensuring seamless coordination and operation.

Moreover, it is important to note that while these opportunities are promising, the 6G market is still in its early stages and the full potential of this technology may take years to realize. Additionally, the successful implementation of 6G will require collaboration across industries, governments, and research institutions.

Hence, 6G could pave the way for entirely new business models and services that leverage its advanced capabilities. This could include subscription-based services, value-added applications, and innovative revenue streams.

6G Market Report Highlights

  • Software segment is expected to grow at a highest CAGR during the projected period, on account of increasing connectivity/
  • Wireless segment accounted for largest market share in 2022, which is mainly driven by higher performance, and capabilities
  • Blockchain segment held the significant market revenue share in 2022, mainly due to enhanced security
  • The automotive segment held a significant market share in revenue share in 2022
  • North America region dominated the market with majority share in 2022, owing to exponential growth in the technology and rising R&D investments across economies
  • The global key market players include Apple Inc., AT&T Inc., China Mobile, Jio, Huawei Technologies Co. Ltd

Polaris Market Research has segmented the 6G market report based on component, infrastructure, application, end-user, and region:

6G, Component Outlook (Revenue - USD Billion, 2019 - 2032)

  • Hardware
  • Software
  • Services

6G, Infrastructure Outlook (Revenue - USD Billion, 2019 - 2032)

  • Fixed
  • Wireless

6G, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Digital Twins
  • Blockchain
  • Smart Cities
  • Others

6G, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

  • Healthcare
  • Automotive
  • Agriculture
  • Government
  • Others

6G, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

6G Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 7.19 billion

Revenue forecast in 2032

USD 50.76 billion

CAGR

27.76% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Component, By Infrastructure, By Application, By End-User, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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