The global 5G Smartphone market size is expected to be worth around US$ 14,942.5 billion by 2028, according to a new report by Vision Research Reports.
The global 5G Smartphone market size was valued at US$ 12.7 billion in 2020 and is anticipated to grow at a CAGR of 129.5% during forecast period 2021 to 2028.
Growth Factors
The need for faster download speed, reduced latency, and a reliable network, which is more capable of delivering seamless connectivity, is anticipated to fuel the market growth over the forecast period. Rising investments in the 5G network coupled with need to set-up a 5G-enabled ecosystem are also expected to propel the market growth.
Rising adoption of 5G network has also created tremendous opportunities in the field of the Internet of Things (IoT). IoT has immense potential to revolutionize machine-to-human and machine-to-machine communications, owing to which numerous tech giants, such as IBM and Google, are investing in this emerging technology. The high-speed 5G connectivity with IoT can unlock new application areas, including remote precision medicine, connected cars, and automated cars. With the increased popularity of high-speed connectivity and the ready availability of its extensive networks, 5G devices, such as a modem and smartphones, are anticipated to gain exceptional demand in IoT.
Advancements in 5G connectivity are also expected to support the growing integration of Artificial Intelligence (AI), Augmented Reality (AR), and Virtual Reality (VR) technologies in smartphones. This integration is anticipated to provide excellent opportunities for the transformation and upgrading of the mobile phone market over the coming years. AI-enabled 5G Smartphones are expected to significantly improve the mobile phone experience in terms of component performance, visual enhancement, and data transferability speed. Furthermore, the replacement of legacy mobile phones will considerably lead to market expansion of 5G smartphones.
Report Highlights
the android segment dominated the market with a revenue share of 94.3% in 2019 and is expected to continue its dominance over the forecast period. This is credited to its affordable costs, a wide range of application compatibility, and ease of use. Consumers primarily prefer devices that are easy to understand and light on the pocket. Moreover, the latest android-based devices can multi-task and are equipped with sensors and fingerprint security benefits, which act as a competitive edge over other operating systems. Android stores with a wide range of free applications for various purposes such as WhatsApp for chatting, Netflix for video streaming, among others, also fuel the demand for android 5G smartphones.
the offline sales channel segment dominated the market with a share of 63.2% in 2019 and is expected to grow considerably over the forecast period. The high share is attributable to the availability of a huge number and variety of outlets, including retailer outlets, hypermarkets, mobile stores, and brand stores. A large number of consumers prefer to buy electronics and consumer goods from local authorized brand stores as these stores enable consumers to the touch-and-feel experience of a phone before purchase. In that way, consumers can understand various sections of the device, and thus make a clear decision.
the Asia Pacific regional market is estimated to account for the largest revenue share of more than 40% in 2020. Moreover, APAC regional market is expected to register a CAGR of over 110% from 2020 to 2027. The growth can be attributed to the presence of leading smartphone manufacturers, such as Huawei Technologies Co. Ltd., Samsung Electronics Co., Ltd, BBK Electronics Corporation, in the region. In addition, increasing investments by key telecom operators, such as China Telecom, KT Corporation, NTT Docomo, China Mobile, and Reliance Jio, in deploying 5G network infrastructure are estimated to boost the adoption of 5G-enabled smartphones in the region.
Europe is anticipated to grow at the fastest CAGR of 153.6% from 2020 to 2027. This high growth can be attributed to the rising adoption of 5G network in the region, which generates the need for high-speed data transfer compatible smartphones, thus fueling the demand for fifth-generation smartphones. Moreover, increasing demand for premium smartphones, along with the high disposable income of consumers in the region, is expected to support the market growth. High demand for new technology premium smartphones is also expected to augment the regional market growth over the forecast period.
Key Players
Huawei Technologies Co. Ltd.
Samsung Electronics Co., Ltd.
BBK Electronics Corporation
Apple Inc.
Motorola, Inc.
Others
Market Segmentation
Operating System Outlook
Android
Windows
IOS
Others
Sales Channel Outlook
Online Sales
Offline Sales
Regional Outlook
North America
The U.S.
Canada
Europe
Germany
France
Spain
Russia
United Kingdom
Italy
Asia Pacific
China
India
Japan
South Korea
Latin America
Brazil
Mexico
Middle East & Africa
The 5G Smartphone market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of 5G Smartphone market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global 5G Smartphone market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the 5G Smartphone market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted 5G Smartphone market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the 5G Smartphone capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of 5G Smartphone by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global 5G Smartphone market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major 5G Smartphone market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of 5G Smartphone market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the 5G Smartphone industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The 5G Smartphone market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to 5G Smartphone market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of 5G Smartphone market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new 5G Smartphone market. These factors have benefited the growth of the global market for 5G Smartphone. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for 5G Smartphone. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of 5G Smartphone are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers