5G: They will exceed 1 billion units in 2025!
According to Strategy Analytics, the equipment 5G will launch by the end of 2019 but will take off by 2020 and reach 1 billion by 2025. The company believes that 5G mobile phones will account for nearly half of all cell phone sales in five years. Ken Hyers, director of Strategy Analytics, said that “South Korea is currently ahead of 5G, but China is expected to quickly become the world leader in 5G. The ability to deliver a low cost 5G smartphone is critical for China to achieve that goal next year. ”
Ville-Petteri Ukonaho, Deputy Director of Strategy Analytics, added: “Although it will be launched late in 2019, 5G will take off quickly. As the price drops and the available 5G network expands, 5G mobile phone sales will increase. By 2025, sales of 5G mobile phones will exceed 1 billion. ”
“The first 5G devices will be high-cost devices, but by the end of 2020 there will be mid-range devices, especially in China.” Strategy Analytics estimates that sales of 5G devices will represent less than 1% of total sales in 2019. However, by 2020 the share will reach close to 10%. Ken Hyers noted that “costs are the biggest concern of early consumers. shoppers don’t want to spend a lot of money to buy a device with a poor network. Providers should continue to expand coverage of 5G networks to make it more and more available to consumers. ”
Currently, the leading 5G smartphones company is Samsung. According to Strategy Analytics’s Ville-Petteri Ukonaho “Samsung has succeeded in taking the lead in the 5G smartphone market, mainly due to strong sales in Korea and increased 5G market share in the US.” Ken Hyers added that “LG, Huawei, OPPO, Vivo and Xiaomi are among the top 5G mobile market makers.”
However, rising sales of 5G mobile phones in 2020 will mark a turning point in sales. All major smartphone makers, including Apple, are currently developing 5G devices. By 2020, sales will increase sharply in China, the US, and other Asian / Western European countries.