Smartphone market 5G ahead of the explosion



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Smartphone market 5G ahead of the explosion

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Growth rates will significantly exceed those 4G / LTE The number of 5G mobile users in the world will reach 1 billion in 2023. The 5G smartphone market will explode in the coming years.

IHS Markit analysts expect this year to deliver 37 million devices to work in 5G networks, and more than three in 2020, or 120 million units. The first generations of commercial networks are already operating in South Korea as well as in two US cities – Minneapolis and Chicago – since the beginning of April.

According to forecasts, 5G will significantly surpass 4G LTE in growth rates. IHS expects sales of 5G support devices in the first two years of launching new networks to exceed six times the benchmark for LTE smartphones. Growth trend will continue at the same pace in the coming years.

According to forecasts, in 2023 delivery of 5G smartphones will globally exceed 525 million units. Meanwhile, Korean telecom operators SK Telecom, KT and LG Uplus, together with US Verizon, which launched the first commercial 5G networks, reported a high demand for new consumer services.

For example, in the first four days of launching the 5G network in South Korea, the number of subscribers to the new high-speed standard has exceeded 100,000. KT, the leading telecommunications company, expects the number of 5G mobile users worldwide to reach 1 billion in 2023 and two years later – 2.7 billion, according to Korean sources.

Smartphone market 5G ahead of the explosion



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