The Global 5G Smartphone Market Is Witnessing High Demand Owing To the Increased Consumerism of Smartphones Along With Advanced Technologies

5G Smartphone Market Perspective 2021

𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝗮𝗴𝗲𝘀: [150 Pages]

North America is expected to exhibit significant growth during the forecast period owing to the rising disposable income and urbanization in the region. The rising demand for new technology premium 5G smartphones and high adoption of 5G network generates the demand for high speed data transfer. For instance according to Coherent Market Insight’s report, the number of smart phone users in the U.S. increased from 209.5 million in 2016 to 273.3 million in 2020.

𝗚𝗼 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗯𝗼𝘂𝘁 5G Smartphone Market
https://www.coherentmarketinsights.com/market-insight/5g-smartphone-market-4192

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.

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North America is expected to exhibit significant growth during the forecast period due to increasing adoption of smart technologies such as artificial intelligence and cloud in the region. For instance, in March 2019, Huawei Technologies Co. Ltd. launched Telco Cloud Networking Solution. This new solution delivers highest density 400G data center network in the industry and allows carriers to offer innovative services such as 5G, Internet of Things (IoT), and Virtual Reality (VR).

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗣𝗗𝗙 𝗕𝗿𝗼𝗰𝗵𝘂𝗿𝗲:
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𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝘁𝗹𝘆 𝗔𝘀𝗸𝗲𝗱 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 (𝗙𝗔𝗤) :

𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗶𝘇𝗲, 𝘀𝗵𝗮𝗿𝗲 𝗼𝗳 5G Smartphone ?

𝗬𝗲𝘀, The global 5G smartphone market was valued at US$ 13.4 Billion in 2019 and is expected to surpass US$ 4,032.3 Billion by 2027, registering a CAGR of 124.9% during the forecast period (2019-2027)

𝗪𝗵𝗼 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗸𝗲𝘆 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀/𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 5G Smartphone?

𝗬𝗲𝘀, You can add Specific 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝘂𝗽𝘁𝗼 𝟯 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀.

Companies Covered as part of this study include: 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.,

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Several countries across the globe have been affected by COVID-19 and governments have implemented nationwide lockdown to curb the spread of the disease. Growth of the 5G smartphone market has also been impacted due to the pandemic. The demand for electronics devices which include consumer electronics and industrial electronics devices is expected to be impacted by the COVID-19 pandemic. China is one of the major suppliers of raw materials used for manufacture of electronic devices and finished products. According to data released by the Chinese customs department, China’s exports have declined rapidly by nearly 17% in the first two months of 2020 compared to 2019.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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