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6G Market is Expected To Create a Revenue Pocket of USD 340 Billion, Expanding at 58.1% CAGR by 2040 – Report by Market Research Future (MRFR)

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2 years ago

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New York, US, Oct. 11, 2022 (GLOBE NEWSWIRE) — 6G Market Analysis 

According to a comprehensive research report by Market Research Future (MRFR), “6G Market Research Report: By Component, By Communication Infrastructure, By Device Usage, By End Use and By Region— Forecast till 2040, the market is anticipated to acquire a valuation of approximately USD 340 billion by the end of 2040. The reports further predict the market to flourish at a robust CAGR of over 58.1% during the assessment timeframe.

Drivers 

Growing Need for 6G Communication to Boost Market Growth 
The growing need for 6G communication in the recently developed technologies like blockchain and IoT will boost market growth over the forecast period.

Key Players 

Key players profiled in the global 6G market report include:

  • Nokia
  • Samsung Electronics
  • Huawei
  • Ericsson
  • Cisco
  • AT&T
  • LG Electronics
  • Qualcomm
  • Ciena
  • Microsoft
  • HPE
  • Intel
  • Telnyx
  • Apple
  • Google

Get Free Sample PDF Brochure:
https://www.marketresearchfuture.com/sample_request/10951

Opportunities 

Usage of Holography in Communication to offer Robust Opportunities 
The increasing use of holographic technology in communication will offer robust opportunities for the market over the forecast period. The concepts of interference and diffraction are used by holographic technology to capture and recreate accurate three-dimensional images of objects. When necessary, a head-mounted display and assistive technologies like AR/VR can be used to produce the ideal holographic display, which should be based on the naked eye. The 6G market is anticipated to grow quickly due to the growing usage of holographic technology in a variety of applications, including communication, telemedicine, office design, and entertainment games, which allows users to interact with projected content.

Report Scope:

Report Attribute/Metric Details
  6G Market Size By 2040   USD 340 Billion
  CAGR From 2031 to 2040   58.1%
  Forecast Period   2031–2040
  Key Market Opportunities
  • Use of holography in communication
  • Use of 6G in growth of IoT, blockchain, and artificial intelligence
  Key Market Drivers
  • Advancements in Wireless Technologies Coupled with Increasing Connected Technology
  • High emphasis on low latency network for specific applications
  • Growth of internet users and edge-computing devices
  • Drivers Impact Analysis

Restraints and Challenges 
Excessive Power Consumption to act as Market Restraint 

The 6G market is projected to face challenges in the near future as a result of 6G’s size, cost, and power consumption.

Browse In-depth Market Research Report (100 Pages) on 6G Market:

https://www.marketresearchfuture.com/reports/6g-market-10951

Market Segmentation 

The global 6G market is bifurcated based on end use, device usage, communication infrastructure, and component.

By component, infrastructure/hardware will lead the market over the forecast period. 

By communication infrastructure, fixed will dominate the market over the forecast period. 

By device usage, mobile devices will spearhead the market over the forecast period. 

By end use, industrial will have the lions share in the market over the forecast period. 

Regional Analysis 

APAC to Lead 6G Market 

Due to the region’s growing emphasis on satellite communication and technological improvements related to this sector, the Asia Pacific is will have the greatest revenue share in the worldwide 6G market. The first 6G test satellite launched into orbit by China has greatly increased market demand. For instance, in November 2020, China used a Long March 6 launch vehicle rocket to successfully launch a test satellite for 6G technology into orbit with candidates, together with about 12 other satellites. But 6G networks are adept at providing high-speed network access thanks to the development of a higher frequency spectrum. High throughput satellite communication services are also employed to achieve widespread coverage in rural and isolated places.

Nearly 50% of all 6G patent applications worldwide are attributed to China, with the remaining filings coming from other nations. In the worldwide 6G market, Asia Pacific is anticipated to rule and account for the largest revenue share. This is because many electronic manufacturers are present in the nations in this region. One of the biggest 6G markets in the world is in China, which also introduced the technology first. In the area, many mobile providers are cooperating and making investments in a variety of fields, including infrastructure sharing. The rollout of 6G in Asia Pacific has been fueled by numerous cross-industry partnerships that have strengthened the industrial ecosystem.

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The APAC region will have the greatest growth in the global 6G market due to the area’s increased emphasis on satellite communication and improvements in this industry. China has launched the world’s first 6G test satellite into orbit, greatly increasing market demand. For example, on November 6th, 2020, China successfully launched an experimental test satellite for 6G network, together with approximately 12 additional satellites, into orbit using a Long March 6 launch vehicle rocket. In addition, India’s Minister of Communication declared that the country plans to introduce 6G technology by 2024. However, by establishing a higher frequency spectrum, 6G networks are capable of providing high-speed network access; high throughput satellite communication services are also employed to achieve widespread coverage in remote and isolated locations. China is thought to be responsible for over half of all global 6G patent submissions, followed by other countries.

North America to Have Admirable Growth in 6G Market 

North America is predicted to develop significantly in terms of revenue in the global market, owing to the region’s large presence of key companies, government efforts, and a variety of other factors. North American wireless technology leadership is being achieved by private sector activities, with a significant emphasis on 6G development in the region. Furthermore, growing innovation combined with a significant impact on consumer quality of life is likely to boost the expansion of the North America 6G market in the near future. Because of government initiatives, the large presence of important companies, and other factors in this area, North America will have a significant proportion of the global 6G market.

The region is well renowned for its rapid adoption of cutting-edge technologies like as the Internet of Things (IoT), wearable technology, and others. 6G is intended to solve the need for dependable and fast connectivity for these technologies. The United States is one of the region’s most important marketplaces. Market players are already creating applications to capitalize on 6G technology developments, justifying funding for digital transformation R&D, smart manufacturing, and wider government-agency adoption of 6G applications.

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Because of the substantial presence of important companies, government initiatives, and other factors in this area, North America will hold the maximum share of the worldwide 6G market, accounting for 34.8%. When it comes to promoting the next generation of communication technology, the United States is behind the curve. AT&T and Ericsson executives were elected to lead a US industry body’s effort to promote North America as a leader in 6G networks. ATIS launched the “Next G Alliance” in October 2020, an alliance comprised of Ericsson, Telus, AT&T, T-Mobile, Samsung, Verizon, Microsoft, and others that “will advance North American mobile technology leadership in 6G and beyond over the next decade.” All these factors will boost the global 6G market in this area in the future.

Related Reports:

5G Market by Components, By Applications- Forecast 2030

5G Technology Market: By Communication Infrastructure, By Network Technology, By Chipset Type By Application-Forecast 2030

Global 5G IoT Market Research Report: Information By Service, Technology, Type – Forecast till 2027

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence


Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website





 






Published
 13 hours ago 
on
 May 11, 2024





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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.


“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”

The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.

With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.

KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.

The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.

https://www.kiwidesign.com/

https://www.facebook.com/KIWIdesignOfficial

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Artificial Intelligence


WIO Taps Gracenote to Revolutionize Television Broadcast Reporting





 






Published
 1 day ago 
on
 May 11, 2024





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LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.


By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.

“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.

“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”

WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.

About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.

About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.

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Artificial Intelligence


IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility





 






Published
 2 days ago 
on
 May 10, 2024





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BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.


Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.

Augmenting autonomous vehicles with printed electronics

As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.

Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.

IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.

Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.

Printed sensors promise granularized battery health monitoring

Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.

Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.

There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.

Embedding printed electronics in the car of the future

IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.

Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.

Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.

Outlook for printed electronics in automotive applications

Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.

Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.

For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.

For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.

About IDTechEx:

IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 

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Media Contact:

Lucy RogersSales and Marketing [email protected] +44(0)1223 812300

Social Media Links:

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