US 6G Market Overview
US 6G Market Size was valued at USD 2.2 Billion in 2022. The US 6G market industry is projected to grow from USD 2.98 Billion in 2023 to USD 34.101 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 35.60% during the forecast period (2023 - 2032). Increased high-volume data creation along with the widespread use of mobile devices and digital technologies is a key market driver boosting the market and is anticipated to fuel significant demand for the 6G industry.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
US 6G Market Trends
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Rising demand for 6G communication technology is driving the market growth
The development of these other technologies will eventually have an even bigger impact on how we live, conduct business, and maintain the infrastructures of our communities than will 6G. Sensing is the foundation of 6G's potential since it allows for the simulation and interaction with the real world, which is essential for things like smart factories, precision healthcare, driverless cars, and more. If 6G was out there now, developers would be itching to take advantage of its predicted benefits. 6G is expected to offer remarkable data rates and minimal latency, along with agile, secure, and dynamic insights that will facilitate the development of novel and inventive applications in wireless networking, sensing, imaging, and cognition.
The increased generation of high-volume data together with the adoption of various digital technologies and mobile devices is expected to create a major need for the 6G market, which in turn drives up data consumption. Furthermore, in order to handle the growing data traffic and provide improved mobile connectivity, the deployment and growth of 6G infrastructure become imperative as mobile data consumption rises. Together with the estimate of the anticipated growth in traffic during the forecast period comes the assumption that XR-type services like AR, VR, and Mixed RealityMR will begin to be used toward the end of the forecast period. Furthermore, cloud computing services are becoming more and more popular across businesses. High-speed connectivity is necessary for cloud-based applications to access and analyze distantly stored data. Thus, driving the US 6G market revenue.
US 6G Market Segment Insights
6G Vertical Insights
The US 6G market segmentation, based on vertical includes Agriculture, Automotive, Educational and Entertainment, Health, Manufacturing, Public Safety, and Others. The health segment dominated the market mostly. With 6G, telemedicine, remote patient monitoring, and high-resolution remote medical imaging can all be improved. Access to expert medical care could be increased by having surgeons perform complex surgery remotely with minimum latency. Furthermore, 6G is capable of supporting wearables that track health metrics and provide data in real time to medical professionals, allowing for preemptive interventions and customized treatment regimens.
6G Application Insights
The US 6G market segmentation, based on application, includes Multi Sensory Extended Reality, Networked Enabled Robotic and Autonomous Systems, Blockchain, Distributed Sensing and Communications, and Others. The distributed sensing and communications category generated the most income. Diverse industries and sectors may gather, analyze, and communicate real-time data due to distributed sensing and communications, which makes use of cutting-edge technology and networks. Because there is a growing need for dependable, fast, low-latency connectivity to serve a variety of applications, including industrial automation, smart cities, environmental monitoring, and healthcare, this application category is anticipated to expand rapidly.
6G Development Device Insights
The US 6G market segmentation, based on development device, includes Smartphones, Tablets, Wearables, Internet of Things (IoT) Devices and Others. The internet of things (IoT) devices category generated the most income. The proliferation of IoT devices in diverse industries has led to an increasing demand for dependable and fast connectivity to handle the vast array of linked devices. 6G technology is well-suited to satisfy the demands of Internet of Things applications because of its high bandwidth, ultra-low latency, and improved network capabilities. Additionally, the need for 6G networks is being driven by the expansion of IoT in industries like manufacturing, transportation, healthcare, and smart cities. These networks will be necessary to handle the large flood of IoT devices and facilitate seamless data interchange and communication.
Figure 1: US 6G Market, by Development Device, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
US 6G Regional Insights
The US 6G market area will grow at a significant rate. The US has a high investment rate for advanced technological installations, making it one of the leading developers and investors in the 5G and 6G industries. A large amount of the 5G technology used worldwide is consumed by the nation's telecom sector.The US also leads the regional 5G market in terms of investment, uptake, and uses. To expand its US 5G and 6G network infrastructure, telecom operators in the nation, including AT&T, Verizon, and T-Mobile, have struck billion-dollar agreements with network equipment suppliers, including Ericsson, Nokia, Samsung, Huawei, and ZTE. Furthermore, the market growth rate is being supported by the increasing investments. For instance, the US National Science Foundation (NSF) announced in December 2022 that it will fund USD 2.8 million through The Platforms for Advanced Wireless Research (PAWR) Project Office to advance wireless innovation in 5G, 6G, and beyond.
US 6G Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the US 6G market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, US 6G industry must offer cost-effective items.
Key Companies in the US 6G market include
US 6G Market Segmentation
6G Vertical Outlook
- Agriculture
- Automotive
- Educational and entertainment
- Health
- Manufacturing
- Public Safety
- Others
6G Application Outlook
- Multi sensory extended reality
- Networked enabled robotic and autonomous systems
- Blockchain
- Distributed sensing and communications
- Others
6G Development Device Outlook
- Smartphones
- Tablets
- Wearables
- Internet of Things (IoT) devices
- Others
| Report Attribute/Metric |
Details |
| Market Size 2022 |
USD 2.2 Billion |
| Market Size 2023 |
USD 2.98 Billion |
| Market Size 2032 |
USD 34.101 Billion |
| Compound Annual Growth Rate (CAGR) |
35.60% (2023-2032) |
| Base Year |
2022 |
| Market Forecast Period |
2023-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Vertical, Application, Development Device, and Region |
| Countries Covered |
US |
| Key Companies Profiled |
Apple Inc., Nokia Corporation, AT&T Inc., T-Mobile US, Inc., Verizon Communications Inc., Intel Corporation, Huawei Technologies Co., Ltd., LG Corporation, Cisco Systems, Inc., and Sony Corporation, among others |
| Key Market Opportunities |
·      Growing advancements in next-generation networks |
| Key Market Dynamics |
·      Increased demand for 6G communication technologies ·      Rising data needs and advancement in technology |
Frequently Asked Questions (FAQ) :
The US 6G market size was valued at USD 2.2 Billion in 2022.
The market is projected to grow at a CAGR of 35.60% during the forecast period, 2023-2032.
The key players in the market are Apple Inc., Nokia Corporation, AT&T Inc., T-Mobile US, Inc., Verizon Communications Inc., Intel Corporation, Huawei Technologies Co., Ltd., LG Corporation, Cisco Systems, Inc., and Sony Corporation, among others.
The distributed sensing and communications category dominated the market in 2022.
The internet of things (IoT) devices category had the largest share in the market.
