5G Smartphone Market Share Forecast To Witness Considerable Growth From 2021 to 2027 | Major Giants – Samsung Electronics, BBK Electronics, Apple, Motorola

Latest added 5G Smartphone Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2026. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are Samsung Electronics, BBK Electronics, Apple, Motorola, Xiaomi, LG electronics. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

This report studies the 5G Smartphone Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the 5G Smartphone Market by companies, region, type and end-use industry.

Request for Sample Copy of This Report @ https://marketdigits.com/5g-smartphone-market/sample

Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on ” 5G Smartphone Market By Operating System (IOS, Android, Windows), By Sales Channel (Online, Offline) and Geography – Global Forecast To 2026″. Early buyers will get 10% customization on study.

To Avail deep insights of 5G Smartphone Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.

Unlock new opportunities in 5G Smartphone Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.

Grab Complete Details with TOC @ https://marketdigits.com/5g-smartphone-market/toc

Smartphone is a mobile phone with advance features and functionality beyond traditional functionalities such as sending text messages and making calls. The fifth generation smartphones allow users to access high speed network and enhanced experience in terms of transferring data. Moreover, high bandwidth and low latency are provided by 5G smartphones that can improve user experience in terms of online video streaming and seamless video calling, virtual and augmented reality gaming among others. The availability of 5G smartphones with low power consumption is expected to drive market growth during the forecast period. Furthermore, increasing disposable income, adoption of IoT connected devices are some of the factors that are expected to drive the market growth during forecast period.

The global 5G smartphone market is expected to witness significant growth during the forecast period (2020–2027) due to the increasing adoption of IoT in 5G smartphones. According to MarketDigits, in China, the penetration of smartphones increased from 676.5 million in 2017 to 782.3 million in 2020. IoT technologies connect a large number of devices such as machines, office equipment, smart home devices, household appliances, and others through internet.

These factors are expected to drive demand for 5G smartphones to transfer a large amounts of data and ensure faster and more efficient operations. Nowadays, most of the companies are adopting IoT devices for better data exchanges within manufacturers, operators, and connected devices. The IoT devices can provide real-time monitoring to the workplace about inventories and customers. The adoption of IoT in organizations can support businesses to manage risk efficiently.

The major factor restraining growth of the global 5G smartphone market is high operational and infrastructure cost. Installation and maintenance cost of 5G network is high and as a result 5G networks plan are very costly. Such factors are expected to hinder growth of the 5G smartphone market during the forecast period.

5G Smartphone Market – Impact of Coronavirus (Covid-19) Pandemic

Due to COVID-19 pandemic, several industries have witnessed significant shift in their business. There has also been a significant impact on the growth of 5G smartphone market as manufacturing operations are temporarily suspended across many countries to contain the coronavirus. There is also a shortage of 5G chipsets in the market due to disruption in production. Many manufacturing companies such as Samsung, Xiaomi, OPPO and LG Display have suspended their manufacturing operations in China, India, South Korea and in European countries. For instance, in May 2020, OPPO Company shut down its operations in Noida, India. Additionally, demand for 5G smartphone devices has decreased due to lockdown imposed in several countries.

Asia Pacific is expected to hold dominant position in the global 5G smartphone market during the forecast period.
Statistics:

Asia Pacific held dominant position in the global 5G smartphone market in 2019, accounting for 39.2% share in terms of value, followed by North America, Europe and rest of the world.

Asia Pacific held dominant position in the global 5G smartphone market in 2019 and is projected to retain its dominance throughout the forecast period owing to presence of key players in the region such as Samsung, Huawei Technologies Co., Ltd., LG Electronics, OPPO Mobile Communication Co., Ltd., Xiaomi, and BBK Electronics Corporation. In April 2020, Samsung launched new Galaxy A51 and Galaxy 71 5G smartphones with features such as Infinity-O display, 5G connectivity, long-lasting battery, and quad camera.

Based on operating system, the android segment is expected to drive the market growth during the forecast period

Among operating systems, the android segment is expected to hold a dominant position in the global 5G smartphone market during the forecast period due to affordable cost, ease of use, long-lasting battery, and other advantages of android-enabled 5G smartphones. There is higher preference among consumers for these devices owing to ease of accessibility and lighter weight. Moreover, the latest android mobile devices can multitask and are equipped with sensors and fingerprint security features, which provide a competitive edge over other operating systems. Android 5G smartphones also come with various free applications such as Whatsapp, Netflix, and others.

The global 5G smartphone market was valued at US$ 13.4 Bn in 2019 and is expected to reach US$ 4,032.3 Bn by 2027 at a CAGR of 124.9% between 2020 and 2027.

Major players operating in the global 5G smartphone market are Huawei Technologies Co., Ltd., SAMSUNG, Apple Inc., BBK Electronics Corporation, Motorola Mobility LLC, LG Electronics, OPPO Mobile Communication Co., Ltd., Xiaomi, Nokia, ASUSTeK Computer Inc., Sony Corporation, Micromax, HTC Corporation, and Lenevo.

Market research studies stated in this 5G Smartphone report are very thoughtful for the businesses which assist them with the better decision making and develop better strategies about production, marketing, sales and promotion. This 5G Smartphone report brings together comprehensive industry analysis with exact estimates and forecasts that offers complete research solutions with maximum industry clarity. The report includes CAGR value fluctuations during the forecast period of 2021-2027 for the market. And to serve the clients best in the industry, a team of experts, skilled analysts, dynamic forecasters and knowledgeable researchers work meticulously while forming this report.

Any Questions? Inquire Here Before Buying @ https://marketdigits.com/5g-smartphone-market/analyst

Contact Us :
MarketDigits
Phone : +91-9822485644
Email : sales@marketdigits.com

About MarketDigits :

MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

We offer services that are most relevant and beneficial to the users, which help businesses to sustain in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.

This release was published on openPR.