March 4, 2024

Europe 6G Market Analysis and Forecast Report 2029-2035: Market to Grow Over 100% to $240 Billion Due to Growing Demand for Low Latency Networks and Increasing Use of Edge Computing

DUBLIN–(BUSINESS WIRE)–The “6G Market in Europe: Analysis and Forecast, 2029-2035” report has been added to’s offering.

The European 6G market is projected to reach $320 million by 2028, and is expected to grow at a CAGR of 100.72% and reach $240.02 billion by 2035. The European 6G market is expected to grow due to the growing demand for low latency networks for certain countries. applications, as well as the increasing use of edge computing devices and Internet services.

With numerous nations and companies investing in the technology, Europe is establishing itself as a pioneer in 6G research and development. The 6G Action Plan was introduced by the European Union to organize and finance regional research projects. It seeks to ensure that Europe can compete with other major players globally and maintains its leading position in 6G innovation.

Several European nations have established specialized research facilities and testbeds to research and advance 6G technology, including Finland, Sweden and Germany. Several European-based companies are actively involved in 6G research and development, including Ericsson and Nokia.

Numerous use cases and applications, such as enhanced mobile broadband, ultra-reliable low-latency communications, huge machine communications, and holographic communications, are expected to drive the 6G industry in Europe. To enable efficient, high-speed, low-latency wireless communication, these applications will require advanced technologies such as artificial intelligence, terahertz frequency, and millimeter wave communication.

Major players including Nokia, Telefonaktiebolaget LM Ericsson, Vodafone Group, Deutsche Telekom AG and Tele2 AB, among others, are meeting the demand for 5G solutions and 6G development in the European region. Due to their broader consumer bases, the presence of key manufacturers and suppliers and technological advancements in the telecommunications industry, Germany, Finland, Sweden and Switzerland have emerged as the leading countries in the development of the 6G market in Europe.

Overall, the European 6G market is expected to present notable prospects for technology providers, network operators and other relevant industry participants. It will be essential to the advancement of next-generation wireless technology and the digital revolution in various sectors, such as manufacturing, entertainment, transportation and healthcare.

How can this report add value to an organization?

The growing need for low latency and high data transfer networks for better consumer experience and industrial operations is driving the 6G market. Therefore, the 6G business is expected to be a high investment and high revenue generation model.

The European 6G market is in the development or conceptualization stage and is expected to grow at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, partnerships and collaborations, product launches, business expansions, and investments. Strategies preferred by companies to maintain and strengthen their market position mainly include partnerships and collaborations followed by product development.

Key players in the European 6G market analyzed and profiled in the study include 6G manufacturers that develop, maintain and market 6G technology services, devices, equipment and materials. Furthermore, a detailed competitive benchmarking of the players operating in the 6G market has been carried out to help the reader understand the ways in which the players compare with each other, presenting a clear market picture.

Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations are expected to help the reader understand the untapped revenue sources of the market.

Analyst Perspective on the 6G Market

The 6G market has the capacity to grow multiple times in the coming years, due to the continuous developments and adoption of computing and M2M communication devices along with the increasing demand for industrial automation and the adoption of smart technologies in different industries.

Additionally, large investments will be needed to develop new technology and conduct extensive research and development efforts to meet next-generation network performance requirements. Growing initiatives and support from governments around the world are expected to further boost the growth of the 6G market.

However, certain technical challenges such as lack of global security guidelines and standards for 5G and 6G and increasing risks of data security and privacy threats could curb the growth of the 6G market. 6G technology is expected to be introduced in 2028 in some parts of developed countries, while the technology is estimated to see significant growth across the region from 2030 onwards.

Key questions answered in the report

  • What are the main drivers, restraints and opportunities for the European 6G market?

  • How is the market expected to grow during the forecast period 2029-2035?

  • What are the key development strategies implemented by the key players to sustain themselves in this highly competitive market?

  • What is expected to be the leading and fastest growing segment in the European 6G market?

  • How will the adoption of 6G technology be and what will be the 6G market demand in the forecast period in different countries?

Key attributes:

Report attribute Details
No. of pages 132
Forecast period 2029 – 2035
Estimated market value (USD) in 2029 $3.67 billion
Projected market value (USD) for 2035 $240.02 billion
Compound annual growth rate 100.7%
Regions covered Europe

Key topics covered:

1 Markets

1.1 Industry outlook

1.1.1 Trends: current and future Increasing adoption of home automation solutions Collaborations and partnerships for the development of 6G technologies Growing initiatives and support from governments around the world

1.1.2 Supply chain analysis

1.1.3 Ecosystem/Ongoing Programs Consortia and Associations

1.1.4 Stakeholder analysis Telecommunications operators and network equipment Change in the value proposition of telecommunications operators and adoption of new strategies Application-oriented companies Growth in demand for Internet applications influences growth in mobile and Internet subscriptions Smart city and smart mobility applications to drive demand for high-speed connectivity Others

1.1.5 Technologies that support 6G. Artificial intelligence (AI) Terahertz communication Wireless optical communication Free Space Optical Backhaul Blockchain Air vehicles Communications without cell phone Big data analysis

1.1.6 Transition from 5G to 6G

1.2 Business dynamics

1.2.1 Business drivers High emphasis on low latency networking for specific applications Growing adoption of Internet services and edge computing devices Growth of smart technologies Greater emphasis on satellite communications Development of new low loss materials for Advance Network

1.2.2 Business challenges Slower transition from the previous generation of communications Very large investment requirements Threats to data security and privacy

1.2.3 Business Opportunities Use of holography in communication 6G in the growth of IoT, Blockchain and artificial intelligence UN SDGs and mobile communications

1.2.4 Trading strategies Product developments Market developments

1.2.5 Corporate strategies

1.3 Startup overview

1.3.1 Key startups in the ecosystem

1.4 Patent analysis

1.5 Case study

2 Region

2.1 Europe

2.1.1 Market Buyer attributes Key manufacturers/suppliers in Europe Business challenges Business drivers

2.1.2 Application European 6G market (by end-use application), value data European 6G Market (by Consumer Application), Value Data European 6G Market (by Industrial and Business Application), Value Data

2.1.3 Product European 6G market (by product type), value data European 6G market (by device), value data European 6G market (by communication infrastructure), valuable data European 6G market (via wireless infrastructure), valuable data European 6G market (by material), value data

2.1.4 European 6G market (by country), value data

2.1.5 Europe (by country) Germany Finland Sweden Switzerland Rest of Europe

3 Markets: Competitive Benchmarking and Company Profiles

3.1 Competitive benchmarking

3.1.1 Competitive Position Matrix

3.2 Product matrix for key companies

3.3 Market share analysis of key companies

3.4 Company profiles

3.4.1 Telefonaktiebolaget LM Ericsson Company Overview Role of Telefonaktiebolaget LM Ericsson in the 6G market Product portfolio Commercial strategies Market development Product development Corporate strategies Partnerships, acquisitions, collaborations and joint ventures R&D analysis Analyst View

4 Research methodology

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