Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

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 Coherent Market Insights, 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.

Figure 1: Global 5G Smartphone Market Share (%), By Region, 2019

5G Smartphone  | Coherent Market Insights

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. This is attributed to the growing smartphone penetration in the region and increasing usage of internet-connected devices. According to Coherent Market Insights, in China, the penetration of smartphones increased from 41.3% of population in 2016 to 61.2% of population in 2020.  Moreover, increasing investments by telecom operators such as KT Corporation, NTT Docomo, China Telecom, Reliance Jio, and China Mobile are focusing on deploying 5G network infrastructure, which is expected to drive market growth during the forecast period.

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.

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5G Smartphone Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 13.4 Bn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 124.9% 2027 Value Projection: US$ 4,032.3 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East, and Africa
Segments covered:
  • By Operating System: IOS, Android, and Windows
  • By Sales Channel: Online and Offline
Companies covered:

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.

Growth Drivers:
  • Increasing adoption of IoT and internet connected devices
  • Increasing demand for augmented and virtual reality
Restraints & Challenges:
  • High operational and maintenance cost
  • High power consumption

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.

Figure 2: Global 5G Smartphone Market Value (US$ Bn) Analysis and Forecast, 2017 - 2027

5G Smartphone  | Coherent Market Insights

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.

5G is the term that is used to describe next generation of network compared to other LTE networks. 5G smartphones provide faster speed and greater bandwidth which means more devices can use the network at the same time. The increasing demand for internet connectivity in various industries such as healthcare, automotive, retail is expected to drive market growth during the forecast period. Furthermore, major players operating in this market are focusing on developing products with new features and technologies to gain a competitive edge in the market. Industries are developing 5G smartphones with new features to cater to demand from end users. On September 1, 2020, Motorola launched the One 5G android smartphone with features such as dual punch-hole cameras and a 90Hz display in U.S.

Market Dynamics

The growing trend of e-commerce platforms for purchasing goods is a major factor that is expected to drive the 5G smartphone market growth during the forecast period. Moreover, technological advancements in mobile devices and adoption of internet of things (IoT) is expected to drive the market growth during the forecast period. The growing penetration of smartphones and internet has benefited the e-commerce sector. Moreover, the e-commerce sector in U.S. witnessed rapid growth which is expected to facilitate growth of the 5G smartphone market. According to Coherent Market Insight’s report, in the U.S., e-commerce sales increased from 274,534 million in 2017 to 419,723 million in 2020. In February 2020, Realme launched a 5G smartphone in India through e-commerce platforms such as Flipkart and Amazon. The new smartphone enables both 4G and 5G services.

Moreover, the number of smartphones users are increasing across the globe. According to Coherent Market Insights, the penetration of smartphones increased worldwide from 2.8 billion in 2018 to 3.8 billion in 2020. Furthermore, through web-based apps on smartphones, retail companies not only generate leads, but also gain an understanding of consumer-behavior. Thus, in turn, is expected to drive the market growth over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global 5G smartphone market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global 5G smartphone market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study 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
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global 5G smartphone market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global 5G smartphone market.

Detailed Segmentation

  • Global 5G Smartphone Market, By Operating System:
    • IOS
    • Windows
    • Android
  • Global 5G Smartphone Market, Sales Channel:
    • Online
    • Offline
  • Global 5G Smartphone Market, By Region:
    • North America
      • By Operating System:
        • IOS
        • Windows
        • Android
      • By Sales Channel:
        • Online
        • Offline
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Operating System:
        • IOS
        • Windows
        • Android
      • By Sales Channel:
        • Online
        • Offline
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Operating System:
        • IOS
        • Windows
        • Android
      • By Sales Channel:
        • Online
        • Offline
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Operating System:
        • IOS
        • Windows
        • Android
      • By Sales Channel:
        • Online
        • Offline
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • By Operating System:
        • IOS
        • Windows
        • Android
      • By Sales Channel:
        • Online
        • Offline
      • By Country/Region:
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles
    • Huawei Technologies Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • 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
    • Lenevo

 “*” marked represents similar segmentation in other categories in the respective section

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Operating System
      • Market Snippet, By Sales Channel
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
    • Value Chain Analysis
    • Porter’s Analysis
    • PEST Analysis
    • Impact of COVID-19 Pandemic
  4. Global 5G Smartphone Market, By Operating System, 2020-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Segment Trends
    • IOS
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Android
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Windows
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
  5. Global 5G Smartphone Market, By Sales Channel, 2020-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Segment Trends
    • Online
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Offline
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
  6. Global 5G Smartphone Market, By Region, 2020-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Operating System, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Sales Channel, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Operating System, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Sales Channel, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • U.K.
        • Germany
        • Spain
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Operating System, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Sales Channel, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Operating System, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Sales Channel, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Operating System, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Sales Channel, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country/Region, 2020 and 2027 (%)
        • South Africa
        • GCC Countries
        • Rest of the Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • Huawei Technologies Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SAMSUNG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Apple Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • BBK Electronics Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Motorola Mobility LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • LG Electronics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • OPPO Mobile Communication Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Xiaomi
        •  Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Nokia
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ASUSTeK Computer Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sony Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Micromax
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • HTC Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Lenevo
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "5G Smartphone Market - Global forecast to 2027”.

Frequently Asked Questions

The global 5G smartphone market is expected to reach US$ 31.4 billion by 2022.
The market is expected to witness a CAGR of 124.9% during the forecast period (2020-2027).
The increasing penetration of IoT and internet connected devices is expected to drive growth of the 5G smartphone market during the forecast period.
The android segment held the largest market share among verticals, contributing 91.2% in terms of value in 2019.
Asia Pacific held the largest share in the global 5G smartphone market in 2019, accounting for 39.2% share in terms of value.
Key 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.
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