6G Market Size, Share, Growth Analysis, By Vertical(Agriculture, Automotive, Educational and entertainment, Health), By Application(Multi-Sensory Extended Reality, Networked Enabled Robotic and Autonomous Systems, Blockchain, Distributed Sensing & Communications and Others), By Deployment Device(Smartphones, Tablets, Wearables, Internet of Things (IoT) Devices and Others), By Region - Industry Forecast 2024-2031

Global 6G Market size was valued at USD 3.79 Billion in 2022 poised to grow from USD 5.1 Billion in 2023 to USD 54.62 Billion by 2031, growing at a CAGR of 34.5% in the forecast period (2024-2031).

The 6G network is expected to provide 100 times more energy and volumetric spectral efficiency than the 5G network. The extensive interconnection makes the 6G infrastructure quite challenging. Global mobile data traffic is expected to increase by 55% annually between 2020 and 2030. Traffic growth is predicted to generate 5,016 exabytes (EBs) of data each month by 2030. This enormous amount of data, along with powerful processing and learning powers, can be used to control the network at different stages.

A combination of societal needs and technological advancements that improve those needs would be the primary forces behind the generational leap beyond current mobile communication technologies in order to meet all of these demands and future ambitions. When combined, these factors present a strong argument for the upcoming directions in wireless networks. The intelligence, dependability, scalability, and security of conventional mobile networks are surpassed by 6G mobile technology capabilities. They will make it possible to integrate satellite communication to create a mobile network everywhere, meeting the need for a truly global wireless network presence.