The Need for Robust Connectivity is driving the Global 6G Market

The 6G market is anticipated to grow at a CAGR of 40.2% during the forecast period (2025-2031). The market growth is primarily driven by the growing adoption of smartphones coupled with the improving communication network. Additionally, the increasing requirement for high-speed internet connectivity is contributing to the market growth. The global 6G market is segmented by deployment device (smartphones, tablets, wearables, IoT devices, and others), by application (distributed sensing and communication, blockchain, multisensory extended reality systems, and connected robotics and autonomous systems), and by industry vertical (agriculture, healthcare, education, entertainment, autonomous, public safety, manufacturing, and others), and geography (North America, Europe, Asia-Pacific, and the Rest of the World).

Market Dynamics

• The smartphone segment is anticipated to hold a considerable share of the market owing to the rise in smartphone users.

• The manufacturing segment is anticipated to project considerable growth during the forecast period, attributed to increasing automation in the sector. Additionally, the rising need for communication and data sharing is contributing significantly adoption of 6G in the segment. 

• The various benefits of the 6G manufacturing segment, such as real-time management of production processes, cutting down on downtime, and raising overall productivity, are contributing towards the increased adoption of the technology in the sector. 

• Asia-Pacific region is anticipated to grow at a considerable CAGR owing to the economic developments and technological enhancements in the region. The rapidly increasing population in the region is leading to a considerable increase in the adoption of smartphones in the region contributing to the market growth. Furthermore, government support and investments in infrastructure development are propelling the regional market growth. 

The major companies serving the global 6G market include Google LLC, Huawei Technologies Co. Ltd, Samsung Electronics, AT&T Inc., Cisco Systems, Inc., Nokia Corporation, Qualcomm Technologies Inc., and others. The market players are contributing significantly to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches. 

Recent Developments

• In November 2024, Ericsson and the & United Arab Emirates signed a Memorandum of Understanding (MoU), for the collaborative exploration of 6G technology, its use cases, and future network evolution.

• In June 2024, the Department of Telecommunications [DoT], Ministry of Communications, established strategic international partnerships and collaboration to build a world-class telecom ecosystem enhance global connectivity, and amplify digital innovation and infrastructure in India. DoT is additionally evaluating 470 proposals on ‘Accelerated research on 6G’.

The Bharat 6G Alliance signed a Memorandum of Understanding (MoU) with 6G Smart Networks and Services Industry Association (6G IA) and 6G Flagship- Oulu University. The deal will enable the development of secure and trusted telecommunication technology including resilient supply chains.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/6g-market