According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on 6G Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Global 6G Market Analysis and Size
The Global 6G Market size is estimated to grow at a CAGR of around 26.5% during the forecast period, i.e., 2024-30.
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Some of the major players operating in the 6G Market are 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.
6G Market Growth Driver:
Growing Demand for Low-Latency Networks Augmenting the Market Growth – 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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Market Segment and Geographical Analysis
By Component
- Hardware- Market Size & Forecast 2024-2030F, USD Million
- Antennas- Market Size & Forecast 2024-2030F, USD Million
- Transceivers & Radios- Market Size & Forecast 2024-2030F, USD Million
- Signal Processing Units- Market Size & Forecast 2024-2030F, USD Million
- Others (Routers, Consumer Gadgets, etc.)- Market Size & Forecast 2024-2030F, USD Million
- Software- Market Size & Forecast 2024-2030F, USD Million
- Services- Market Size & Forecast 2024-2030F, USD Million
By Deployment Devices
- Smartphones- Market Size & Forecast 2024-2030F, USD Million
- Laptops/Tablets- Market Size & Forecast 2024-2030F, USD Million
- Wearables- Market Size & Forecast 2024-2030F, USD Million
By Communication Infrastructure
- Fixed- Market Size & Forecast 2024-2030F, USD Million
- Wireless- Market Size & Forecast 2024-2030F, USD Million
- Mobile Broadband- Market Size & Forecast 2024-2030F, USD Million
- Mobile Cellular- Market Size & Forecast 2024-2030F, USD Million
By Application
- Multisensory Extended Reality- Market Size & Forecast 2024-2030F, USD Million
- Networked-Enabled Robotic and Autonomous Systems- Market Size & Forecast 2024-2030F, USD Million
- Distributed Sensing and Communications- Market Size & Forecast 2024-2030F, USD Million
- Blockchain and DLT- Market Size & Forecast 2024-2030F, USD Million
- Smart Cities- Market Size & Forecast 2024-2030F, USD Million
- Others (Internet of Everything (IoE), Wireless Brain-Computer Interactions (BCI), etc.)- Market Size & Forecast 2024-2030F, USD Million
By End User
- Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2024-2030F, (USD Million)
- Consumers- Market Size & Forecast 2024-2030F, (USD Million)
- IT & Telecom- Market Size & Forecast 2024-2030F, (USD Million)
- Manufacturing- Market Size & Forecast 2024-2030F, (USD Million)
- Healthcare- Market Size & Forecast 2024-2030F, (USD Million)
- Retail- Market Size & Forecast 2024-2030F, (USD Million)
- Media & Entertainment- Market Size & Forecast 2024-2030F, (USD Million)
- Others (Education, Tourism, etc.)- Market Size & Forecast 2024-2030F, (USD Million)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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