5G Smartphone Market Growing at a CAGR of 122.7% from 2020-27

5G Smartphone Market Growing at a CAGR of 122.7% from 2020-27

Polaris Market Research has announced the addition of the “5G Smartphone Market Report 2027 Production, Sales And Consumption Status And Prospects Professional Research”, The report classifies the global 5G Smartphone Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining 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.

Download Sample Copy of This Report:https://www.polarismarketresearch.com/industry-analysis/5g-smartphone-market/request-for-sample
[**NOTE: This report Sample includes;
o Brief Introduction to the research report
o Table of Contents (Scope covered as a part of the study)
o Top players in the market
o Research framework (presentation)
o Research methodology adopted by Polaris Market Research]

The Key Manufacturers covered in this Report:-
• Apple Inc.
• Samsung Electronics
• Ericsson
• China Mobile Limited
• Huawei Technologies Co. Ltd
• Motorola, Inc.
• Lenovo Group Limited
• BBK Electronics Corporation
• LG Electronics Inc.
• TCL Communication Limited
• Xiaomi Corporation

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.

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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.

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Report Scope

5G Smartphone Operating System Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)
• iOS
• Android
• Windows
• Others

5G Smartphone Sales Channel Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)
• Online
• Offline

5G Smartphone Sim Type Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)
• Single SIM
• Multi Sim

5G Smartphone End User Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)
• B2B
• B2C

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.

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Furthermore, the number of multi-SIM smartphone models are expected to increase in the coming years, as the manufacturers are promoting dual-network capability in smartphones. Samsung, for instance, supports dual-SIM technology in A51 5G smartphone, which was launched in April, 2020. These allow the consumers to use a local and a roaming SIM in the same device during international travel.

Else place an Inquire before Purchase or Covid19 impact Analysis: “Global 5G Smartphone Market Size, Status and Forecast 2027 : https://www.polarismarketresearch.com/industry-analysis/5g-smartphone-market/speak-to-analyst

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This release was published on openPR.



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