The 5G smartphones market has witnessed significant growth in recent years due to the increasing deployment of 5G infrastructure worldwide and the availability of enhanced internet speeds. 5G smartphones offer improved connectivity for applications such as high-definition video streaming, multiplayer gaming, and virtual/augmented reality. These devices are integrated with advanced chipsets and mmWave technology that allow them to access 5G networks. Manufacturers are focusing on incorporating standalone 5G support and multi-gigabit speeds in smartphones to attract more users.

The Global 5G Smartphone Market is estimated to be valued at US$ 13.4 billion in 2019 and is expected to exhibit a CAGR of 124.9% over the forecast period 2020 to 2027.





Key Takeaways



Key players operating in the 5G smartphone market are Samsung Electronics, Huawei Technologies, Apple, Xiaomi Corporation and OPPO.



5g Smartphone Market Size is rising for ultra-high broadband services and increasing investments by telecom operators in 5G networks present significant opportunities for smartphone manufacturers. Technological developments such as the integration of AI capabilities and edge computing are further enhancing the capabilities of 5G devices.



Market drivers



The widespread rollout of 5G infrastructure across major economies is one of the key drivers propelling the demand for 5G smartphones. The deployment of 5G networks promises to offer connection speeds over 10 times faster than current 4G LTE networks. This high-speed internet provides users an enhanced mobile experience for applications such as video calling, multiplayer gaming, and cloud computing. As more countries launch 5G networks, consumers are expected to upgrade to 5G-enabled devices to benefit from the blistering internet speeds.



Current challenges in the 5G smartphone market:



The 5G smartphone market is still in a nascent stage with many challenges that need to be addressed. Firstly, the availability of 5G network and infrastructure is still limited only to major cities and towns in most countries. Lack of widespread 5G connectivity is holding back consumers from upgrading to 5G smartphones. Secondly, the prices of 5G smartphones are generally higher compared to 4G smartphones which makes them unaffordable for many consumers. Lastly, there is lack of compelling use cases and applications that demonstrate the true potential of 5G technology. Improvement in these areas will help drive faster adoption of 5G smartphones.



SWOT Analysis



Strength: Advanced technology and features, High speed network connectivity, Support for emerging applications.

Weakness: High prices, Limited 5G network coverage, Dependence on telecom operators for connectivity.

Opportunity: Untapped market potential, Growing demand for immersive experiences, Emerging use cases in various industries.

Threats: Slow rollout of 5G infrastructure, Health concerns due to radiation, Stiff competition from existing 4G smartphones.



Geographically, North America holds the largest share of the 5G smartphone market currently due to early commercial rollouts of 5G networks and aggressive marketing by smartphone manufacturers in the region. However, Asia Pacific is emerging as the fastest growing regional market attributed to rapidly expanding 5G infrastructure, growing adoption from price-sensitive consumers and strong manufacturing base of smartphone giants like Samsung, Huawei, OPPO etc. Countries like China, South Korea and India are expected to drive the future momentum of 5G smartphone sales across Asia Pacific.

Get This Report in Japanese Language: 5gスマートフォン市場

Get This Report in Korean Language: 5G 스마트폰 시장

About Author:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. (LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)