6G Market Analysis

Vertical (Manufacturing, Agriculture, Educational and Entertainment, Public Safety)

Manufacturing segment is set to account for more than 38.1% 6G market share by the end of 2036. The segment growth is attributed to the seamless integration of a large number of IoT devices into manufacturing facilities. This includes smart devices, sensors, and actuators that collect and transmit data in real-time, enabling predictive maintenance, asset tracking and inventory management. A 2023 survey findings revealed that more than three out of five manufacturers (60%) integrated IoT technologies in their manufacturing processes.

Application (Multisensory Extended Reality, Blockchain, Autonomous and Robotic Systems, Distributed Sensing and Communication)

The multisensory extended reality segment is estimated to be the highest-growing segment with a notable CAGR in the coming years. The multi-sensory extended segment of the 6G market refers to the integration of advanced sensory technologies into wireless communication systems, allowing for immersive and interactive experiences that go beyond conventional audio and visual capabilities. This includes applications such as feedback mechanisms, sensory stimulation (such as taste augmentation), and spatial awareness, resulting in a truly multidimensional communication environment.

Deployment (Smartphones, Tablets, Wearables, Internet of Things)

The smartphone segment is set to garner a significant market share propelled by the widespread adoption of smartphones across the world. Smartphones have become important for communication, internet access, and a variety of applications, making them a crucial driver of the 6G market. With the growing demand for faster and more reliable connectivity, 6G technology intends to transform smartphone capabilities by delivering faster data rates, lower latency, and increased network capacity. According to 2024 statistics shared by the Per Research Center, in 2023, about 90% of U.S. adults owned a smartphone.

Our in-depth analysis of the global market includes the following segments:

Vertical	Manufacturing Agriculture Educational and Entertainment Public Safety
Application	Multisensory Extended Reality Blockchain Autonomous and Robotic Systems Distributed Sensing and Communication
Deployment	Smartphones Tablets Wearables Internet of Things
Communication Infrastructure	Wireless Fixed
Component	Hardware Software

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the 6G market was over USD 5.5 billion.

The market size of the 6G market is projected to cross USD 89.1 billion by the end of 2036 expanding at a CAGR of 26.1% during the forecast period i.e., between 2024-2036.

The major players in the market are Huawei Technologies Co., Ltd., Nokia Corporation, Samsung Electronics Co., Ltd., Ericsson, Qualcomm Incorporated, Intel Corporation, Cisco Systems, Inc., Apple Inc., Deutsche Telekom, and others.

In terms of vertical, the manufacturing segment is anticipated to garner the largest market share of 38.1% by 2036 and display lucrative growth opportunities during 2024-2036.

The market in the North America region is projected to hold the largest market share of 38.2% by the end of 2036 and provide more business opportunities in the future.

6G Market Analysis