6G Market size was over USD 5.5 billion in 2023 and is predicted to cross USD 89.1 billion by the end of 2036, witnessing more than 26.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of 6G is evaluated at USD 6.8 billion.
The widespread adoption of 6G among the younger generation of internet users is expected to drive market expansion. The integration of advanced cutting-edge technologies like augmented reality, artificial intelligence, and virtual reality in the 6G network attracts users who frequently use online content and interactive media. Also, incorporating 6G across various sectors such as gaming, healthcare, and education increases its popularity among young users. A 2022 report published by the International Telecommunication Union estimated that about 71% of the young population aged 15-24 are avid Internet users, as compared to 57% of the rest of the population.
Author Credits: Abhishek Verma
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