According to a market report by Lucintel, the future of the global 5G smartphone market looks promising with opportunities in the online sales and offline sales markets. The global 5G smartphone market is expected to reach an estimated $2,673.3 billion by 2030 from $61.5 billion in 2024, at a CAGR of 87.5% from 2024 to 2030. The major drivers for this market are increasing need for huge connectivity, ultra-low latency, and ultra-high bandwidth, growing need for integrated internet of things (IoT) applications, like energy management and smart home goods, to have high-speed data connectivity, and rising trend of fleet management operations, medical equipment, and cars connected to smartphones.A more than 150-page report to understand trends, opportunity and forecast in 5G smartphone market to 2030 by operating system (IOS, android, windows, and others), sales channel (online sales and offline sales), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that android will remain the largest segment over the forecast period because of low prices, a large range of application compatibility, and simplicity of usage, as well as the devices that are lightweight and simple to use are what most consumers want.
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APAC will remain the largest region over the forecast period due to large consumer base, especially in China and India, that is interested in smartphones, and the goal of the region manufacturers is to appeal to middle-class consumers by launching low-cost smartphone series.
Huawei Technologies, Samsung Electronics, BBK Electronics Corporation, Apple, Motorola, Ericsson, Xiaomi Corporation are the major suppliers in the 5G smartphone market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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