MarketsandMarkets forecasts the 6G market size from USD 5.1 billion in 2023 to USD 40.2 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 34.2% during the forecast period. The increasing demand for ultra-high-speed and reliable connectivity to support emerging technologies and applications is a key driver fueling the growth of the 6G market.
The major players in the 6G market are AT&T (US), Broadcom (US), Cisco (US), DeepSig (US), Ericsson (Sweden), Fujitsu (Japan), Google (US), Huawei (China), InterDigital (US), Keysight (US), LG Corporation (South Korea), MediaTek (Taiwan), National Instrument Corp (US), NEC Corporation (Japan), Nokia (Finland), NTT DoCoMo (Japan), Orange (France), Qualcomm (US), Reliance Jio (India), Samsung (South Korea), SK Telecom (South Korea), Sony (Japan), T-Mobile (US), Verizon (US), China Mobile (China), ZTE (China) have adopted various strategies to grow in the global loyalty management market.
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Ericsson, a global telecommunications company, has been at the forefront of technological advancements in the mobile industry for decades. With its network infrastructure and innovation expertise, Ericsson is well-positioned to shape the future of 6G. The company’s research and development efforts focus on pushing the boundaries of connectivity, aiming to deliver ultra-low latency, ultra-high data rates, and massive device connectivity. Ericsson’s vision for 6G includes seamless integration with emerging technologies like artificial intelligence, augmented reality, and the Internet of Things (IoT), enabling transformative applications across sectors.
Huawei, another major player in the telecommunications space, is also actively involved in driving the development of 6G technology. As a global provider of networking solutions and equipment, Huawei has been at the forefront of 5G deployment and is now investing in research and development for 6G. The company envisions 6G as a catalyst for intelligent connectivity, leveraging advanced technologies such as terahertz frequency bands and AI-driven network optimization. Huawei aims to create an ecosystem that supports immersive experiences, autonomous systems, and intelligent connectivity, revolutionizing industries ranging from healthcare and transportation to manufacturing and entertainment.
6G Market by Vertical (Agriculture, Automotive, Educational and entertainment, Health, Manufacturing, Public safety), by Application (Multi sensory extended reality, Blockchain), by Deployment Device & Region - Global Forecast to 2030
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