Global 5G Smartphone Market Size By Operating System (Android, iOS), By Sales Channel (Online Retailers, Carrier Stores, Electronics Retailers), By Geographic Scope and Forecast

5G Smartphone Market Size and Forecast

5G Smartphone Market size was valued at USD 189.78 Billion in 2024 and is projected to reach USD 1148.76 Billion by 2031, growing at a CAGR of 29.47% from 2024 to 2031.

• A 5G smartphone is a mobile device capable of connecting to 5G networks which represent the fifth generation of mobile internet access. This technology provides much higher data rates, lower latency (the time it takes for data to transmit), and more stable connections than its predecessor, 4G.
• The introduction of 5G technology in smartphones is transforming many parts of our daily lives providing unparalleled speed, connectivity, and new applications. One of the most important applications of 5G smartphones is faster mobile internet connectivity. 5G allows customers to experience lightning-fast download and upload rates substantially reducing the time required to watch high-definition videos, download large files, or update programs.
• The eventual adoption of 5G devices is expected to transform how we connect with technology and one another. With the fifth generation of mobile networks, 5G devices will offer unprecedented speed, connectivity, and dependability. These enhancements will allow for a broader range of applications that were previously difficult or unattainable with older network technology. One of the most noticeable effects will be on how we consume media and entertainment.

Global 5G Smartphone Market Dynamics

The key market dynamics that are shaping the global 5G smartphone market include

Key Market Drivers

• Enhancing Network Performance and Speed The key driver of the 5G smartphone industry is the tremendous improvement in network performance and speed that 5G technology provides when compared to previous generations. 5G networks offer ultrafast data transfer speeds, minimal latency, and increased bandwidth. This means that customers may download enormous files, watch high-definition videos, and play online games with no latency or buffering.
• Expansion of 5G Infrastructure The rapid global expansion of 5G infrastructure is another significant driver of the 5G smartphone market. Telecommunications businesses and governments are making significant investments in the development and upgrade of 5G network infrastructure. As 5G coverage grows, more people will have access to this advanced technology driving demand for compatible gadgets.
• Growth in Mobile Data Consumption As mobile data consumption increases, so does demand for 5G handsets. As more people use smartphones for data-intensive activities like video streaming, online gaming, and virtual reality, there is an increasing demand for faster and more efficient network solutions. 5G technology solves this demand by increasing data speeds and capacity allowing for seamless use of these data-intensive services.

Key Challenges

• High Cost of 5G Smartphones The high cost of 5G devices is one of the most significant challenges. Because of the significant technology required to offer 5G connectivity, these gadgets sometimes carry a high price tag. The incorporation of sophisticated hardware components such as 5G modems, improved antennas, and more powerful computers increases production costs.
• Limited 5G Network Coverage Another significant concern is the scarcity of 5G network coverage. While 5G networks are fast being installed in many urban locations around the world, rural and developing countries continue to lack adequate coverage. This discrepancy may prevent customers from fully utilizing the capabilities of their 5G cell phones. The deployment of 5G infrastructure is a difficult and costly operation that includes the installation of multiple tiny cells as well as the upgrade of existing cell towers.
• Battery Drain and Heat Issues 5G technology requires more power than previous generations resulting in higher battery usage and heat creation in devices. The continuous connection to 5G networks combined with high-speed data processing places a burden on battery life forcing devices to lose power faster than when linked to 4G networks.

Key Trends

• Wider Availability and Lower CostsAs 5G technology spreads, 5G smartphones will become more widely available at a range of prices. Initially, 5G cell phones were limited to high-end models but as the technology improves and production grows up, more affordable devices are entering the market. This trend makes 5G more accessible to a greater portion of the population encouraging widespread adoption.
• Enhanced Performance and Features 5G devices not only provide higher internet connections but also improve overall performance and features. The higher bandwidth and low latency of 5G networks allow for smoother streaming, faster downloads, and more dependable video chats. Furthermore, 5G enables developments in mobile gaming, augmented reality (AR), and virtual reality (VR) apps, resulting in richer and more immersive experiences.
• Expansion of 5G Networks The global expansion of 5G networks is a major factor driving the 5G smartphone industry. Telecom carriers are rapidly deploying 5G infrastructure in both urban and rural locations providing greater coverage and higher service quality. This expansion is critical for the adoption of 5G devices as the availability of 5G connectivity is a big consideration for consumers when purchasing their next phone.

Global 5G Smartphone Market Regional Analysis

Here is a more detailed regional analysis of the global 5G smartphone market

Asia Pacific

• Asia Pacific’s rise to the top of the global 5G smartphone market is the rapid deployment of 5G infrastructure in the region’s major economies. The Global System for Mobile Communications Association (GSMA) predicts that by 2025, Asia Pacific will have 1.2 billion 5G connections, accounting for roughly half of all global 5G connections. The broad availability of 5G networks has increased customer demand for 5G-compatible gadgets. Furthermore, government actions and support have contributed significantly to the acceleration of 5G deployment.
• Another important driver is the increasing cost of 5G cellphones, particularly in Asia Pacific’s developing economies. According to the International Data Corporation (IDC), the average selling price of 5G smartphones in the region fell by 12% year on year in 2021 making these devices more affordable to a wider range of consumers. Furthermore, the region’s strong manufacturing capabilities headed by China, South Korea, and Vietnam have helped to reduce production costs and boost the availability of 5G technology. According to the International Telecommunication Union (ITU), Asia Pacific leads the world in 5G patents, accounting for more than 65% of worldwide 5G patent families fostering market innovation and competitiveness.

Europe

• The 5G smartphone market in Europe is expanding rapidly owing to a variety of factors. One of the key factors is the rapid deployment of 5G network infrastructure across the continent. According to the European 5G Observatory, by the end of 2023, 5G services will be accessible in all 27 EU member states with commercial 5G services offered in 26 nations. This widespread availability has laid a solid platform for 5G smartphone adoption.
• Another significant driver is rising customer demand for faster and more dependable mobile connectivity. The European Commission forecasts that mobile data traffic is likely to climb by 350% between 2020 and 2025 stressing the need for 5G-capable devices.
• The mid-range segment is the fastest-growing in Europe’s 5G smartphone market. This is partly due to the rising availability of more affordable 5G-enabled devices which make the technology more accessible to a wider range of consumers. According to a GSMA estimate, 5G connections in Europe are expected to reach 44% of all connections by 2025 up from 6% in 2021. This rapid expansion is fueled by government programs and private-sector investments. For example, the European Commission has set out €700 million for 5G research and innovation under the Horizon 2020 initiative. Furthermore, the COVID-19 epidemic has expedited digital transformation in a variety of industries increasing demand for high-speed, low-latency connectivity provided by 5G devices.

Global 5G Smartphone MarketSegmentation Analysis

The Global 5G Smartphone Market is segmented based on the Operating System, Sales Channel, and Geography.

5G Smartphone Market, By Operating System

• Android
• iOS

Based on the Operating System, the Global 5G Smartphone Market is bifurcated into Android, and iOS. In the global 5G smartphone market, the Android operating system is dominant. This dominance is primarily due to the extensive range of manufacturers that produce Android-based 5G smartphones including major players like Samsung, Huawei, Xiaomi, and OnePlus. These manufacturers offer a wide variety of models at different price points making 5G technology accessible to a broader audience. Additionally, Android’s open-source nature allows for rapid innovation and customization which attracts both manufacturers and consumers.

5G Smartphone Market, By Sales Channel

• Online Retailers
• Carrier Stores
• Electronics Retailers

Based on the Sales Channel, the Global 5G Smartphone Market is bifurcated into Online Retailers, Carrier Stores, and Electronics Retailers. Online retailers are becoming the dominant sales channel in the 5G smartphone market. This shift is primarily driven by the convenience and wide product selection that online platforms offer. Consumers can easily compare prices, read reviews, and access exclusive online deals which enhances their purchasing experience. Additionally, the global trend towards e-commerce accelerated by the COVID-19 pandemic has led to a significant increase in online shopping for electronics including 5G smartphones.

5G Smartphone Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Geography, the Global 5G Smartphone Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region is dominant in the 5G smartphone market primarily due to its large and rapidly growing consumer base, significant technological advancements, and substantial investments in 5G infrastructure. Countries like China, South Korea, and Japan are leading in 5G network deployment and adoption. China, in particular, has a massive smartphone market and has aggressively rolled out 5G networks supported by strong government initiatives and major telecommunications companies.

Key Players

The “Global 5G Smartphone Market” study report will provide valuable insight with an emphasis on the global market.  The major players in the market are Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., BBK Electronics Corporation, Apple, Inc., and Motorola, Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global 5G Smartphone Market Key Developments

• In April 2020, Samsung Electronics Co., Ltd announced the release of the new Galaxy A51 and Galaxy A71 5G smartphones, which include an Infinity-O display, a long-lasting battery, a quad camera, and 5G connectivity.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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