Published by Coherent Market Insights
Posted on September 22, 2021
4 min readLast updated: February 3, 2026
The global 5G smartphone market is set to grow significantly, driven by advanced technologies and consumer demand, despite high costs being a challenge.
United States/WA: 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)
Report Pages:[150 Pages]
The Competitive Area of the 5G Smartphone Market is Defined by Key Players Like:–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.
The increased consumerism towards smartphones are smart gadgets is the main factor that is boosting the growth of the global 5G smartphone market. Smartphones have become a necessity of everyday life since it they provide a lot of advanced services that are needed to do works easily or to gain knowledge and this is increasing the demand for smartphones every year. For instance, according to GSM Association, in 2020 around 1.38 billion smartphones were sold in the world. In the 4th quarter of 2020, approximately 20.8% of all the sold smartphones were from Apple Inc. Moreover, the advancements of technology in the smartphone sector along with product launches by key market players are also aiding the growth of the Global 5G Smartphone Market.
In recent years, more people have come to rely on mobile apps to help them stay connected wherever they are. The availability of data via the internet and smartphones has brought people a lot closer together, opening up new possibilities for business ventures as well as personal ones. The integration of streaming media such as videos and music with mobile web applications has also made this platform much more popular. However, 5G has been slower to catch on and many people still have doubts about its efficiency and reliability. This has prompted companies to invest in 5G technology to ensure that it will succeed and make consumers happy with their mobile experience.
The key factor that affects the marketability of a technology or an application is how quickly it can deliver results. In the case of 5G, consumers have seen good improvements – improvements in downloads and uploads of data and videos are both evident – but wireless carriers are not yet able to claim the full market share for this amazing technology. Even so, the recent launch of the 5G smartphones has shown that consumers are looking forward to using mobile apps and services that are offered on this network. If mobile manufacturers and carriers continue to invest in this field, then we can expect significant changes in the next few months, especially about the way users use their devices. However, the high cost of 5G smartphones is one of the main restraining factors that are hindering the growth of the global 5G smartphone market.
Request a sample copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/4192
Owing to the increasing sales of smartphones in the region, North America is experiencing high demand in the global 5G smartphone market. For instance, according to Macworld, in the second quarter from April 2020 to June 2020 around 15 million Apple iPhones were sold in the United States. Moreover, high investment in the technology sector of the United States is also propelling the growth of the market. Owing to such factors there have been several industrial developments in the global 5G smartphone market. For instance, in June 2021, Realme announced that it will be launching an economical 5G smartphone that will cost under US$95.
Detailed Segmentation:-
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
People Also Search For Following Reports:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post [PDF] The Global 5G Smartphone Market Is Witnessing High Demand Owing To the Increased Consumerism of Smartphones Along With Advanced Technologies appeared first on Gatorledger.
The article discusses the growth and trends in the global 5G smartphone market.
Advanced technologies and increased consumer demand are key drivers.
The high cost of 5G smartphones is a major challenge.
Explore more articles in the Research Reports category
