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5G Smartphone Market Manufacturers, Trends, Share, Size and Forecast 2026

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sonali sharma

The global 5G Smartphone Market size is expected to grow at a CAGR of 122.7% from 2020 to 2027 according to a new study by Polaris Market Research. The report “5G Smartphone Market Share, Size, Trends, Industry Analysis Report, By Operating System (iOS, Android, Windows, Others); By Sales Channel (Online, Offline); By SIM Type (Single SIM, Multi SIM); By End User (B2B, B2C); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for 5G smartphones in 2019 was 12.42 million units, however the market saw a precipitous decline in the average  selling price during Q1 of 2020 due to the COVID-19 pandemic as one of the major reasons and the price fall continued during Q2-2020. Another major reason of the decline was the low-priced Chinese 5G devices. However, the overall market is expected to bounce back during Q3 and Q4 of 2020 and is estimated to accelerate and grow during the forecast period. This also affected the average selling price of the 5G devices.

 

5G Smartphone are devices that support the fifth generation of mobile networking. 5G technology is being increasingly commercialized in different parts of the globe, with China leading the race. Theoretically, 5G is said to be 100 times faster than its predecessor, with estimated speeds up to 10 Gbps. Smartphones require 5G compatible sensors and receivers to support the additional speeds.

 

The increasing demand for high speed internet for both small and large sized businesses and individuals for buffer-free streaming and the prominence of over the top (OTT) services such as Netflix, Amazon Prime, Hulu, Disney+, etc. are the prominent factors responsible for this prolific growth.

 

On-demand content is being increasingly preferred by the younger generation, and the advent of 5G Smartphone will provide them with a tool for viewing high quality content on the go. High speed internet is required for providing a hassle-free streaming experience. Furthermore, with the growth of both residential and industrial IoT, smartphones will play the role of a personalized authentication device for enhanced security purposes.

 

Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/5g-smartphone-market/request-for-sample

 

Collaboration between the smartphone manufacturers, chipset providers and telecommunication providers will help in the acceleration of commercial 5G services. Furthermore, government bodies around the globe are mulling over regulations pertaining to the user of 5G spectrum to speed up the adoption of 5G.

 

In China, for instance, the government has drastically reduced licensing costs to speed up the rolling out of 5G services. The U.S. Federal Communications Commission (FCC), on the other hand, has amended the rules that govern equipment modification. New hardware can be installed on the existing poles to bring down the capital costs and speedup the deployment of 5G. Since 5G will be build mainly on the existing 4G infrastructure, the stakeholders will need to provide fool-proof strategies to ensure that the networks are capable of handling the additional data speed and connected devices.

 

Apple Inc., Ericsson, China Mobile, Huawei Technologies Co. Ltd., Motorola, Inc., Lenovo Group Limited, BBK Electronics Corporation, Nokia, LG Electronics Inc., TCL Communication Limited, Xiaomi Corporation, Samsung Electronics Co., Ltd and Vivo Mobile Communication Co., Ltd. some of the key players operating in the market.

 

Request For Discount Price: https://www.polarismarketresearch.com/industry-analysis/5g-smartphone-market/request-for-discount-pricing

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