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5G Smart Phone Market Report

RA08560

5G Smart Phone Market by Operating System (Android, Windows, IOS, and Others), Sales Channel (Offline Channel and Online Channel), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028

RA08560

Pages: 214

Feb 2022

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on 5G Smart Phone Market

5G Smart Phone Market Analysis

The global 5G smart phone market is anticipated to garner $6,574.7 billion in the 2021–2028 timeframe, growing from $16.1 billion in 2020, at a healthy CAGR of 124.4.

Market Synopsis

The 5G smart phone market is expected to grow due to growing demand for the connected devices across the globe. Additionally, acquisitions and business expansion by key market players have boosted the market growth.

The rise in the prices of the 5G smart phones is the major factor anticipated to hamper the market growth in the near future.

According to the regional analysis of the market, the Europe 5G smart phone market is anticipated to grow at a CAGR of 134.7%, by generating a revenue of $2,090.1 billion during the review period.

5G Smart Phone Overview

The 5G smartphones permit the users to access high speed network and greater experience in terms of transferring data and use multiple applications along with the great download and upload speed. The accessibility of 5G smartphones that consume low power is anticipated to drive market growth during the forecast period.

Impact Analysis of COVID-19 on the Global 5G Smart Phone Market

The outbreak of COVID-19 has affected various industries and has witnessed a downfall of the business. COVID-19 has also impacted the growth of 5G smartphone market as the manufacturing operations were shutdown and there was shortage of the 5G chipsets in the industry due to the disruption in the production. The key players such as Xiaomi, LG, and Samsung among others also suspended their operation in China, South Korea, and others. For instance, in May 2020, OPPO had shut down its operations in Noida, India. Moreover, the demand for 5G smart phones has decreased due to the lock down that was imposed across the globe as many people around the world lost their jobs.

It is anticipated that post pandemic the 5G smart phone market will experience a rapid growth due to development of various technologies as well as the increasing demand for high-speed data connectivity.

Increasing Demand for IoT Projected to Drive the Market Growth

A smart phone is a device that permits the user to perform various other tasks apart from just making a call and sending text messages. With the help of smart phones, a user can take photos, browse internet, and operate various devices. The smart phones have the capabilities to process number of applications at a single go which include games, business programs, and personal use among others. The 5G smart phones allow the users to access the high-speed internet and also give an enhanced experiences in regard to the data transfer speeds. Additionally, the ability to work on ultra-low latency rates offered by the 5G is anticipated to improve the user experience for several instances such as seamless video calling, virtual reality gaming, and others. The rising number of IoT and connected devices is anticipated to drive the market growth.

To know more about global 5G smart phone market drivers, get in touch with our analysts here.

High Maintenance Cost is Anticipated to Restrain the Market Growth

The high initial investments in order to setup 5G smart phone manufacturing plants. Additionally, high investment cost in order to setup 5G enabled towers and upgrading the existing towers is anticipated to hamper the market growth in the near future.

Rise in Demand for Connected Devices across the Globe to Create Growth Opportunities

The rising demand for the connected healthcare devices, home devices, and connected automobiles is anticipated to create better growth opportunities in the near future. Moreover, fifth-generation smartphones evolution led to various organizations around the world focus on integrating their infrastructure and devices with the new upcoming 5G integrated smart technologies. Also, existing on-premise applications operations of various companies are being integrated to cloud networks for seamlessly accessing the 5G smartphones over a centralized network across the globe, thus boosting the product adoption.

To know more about global 5G smart phone market opportunities, get in touch with our analysts here.

5G Smart Phone Market
By Operating System

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Based on operating system, the market has been divided into Android, Windows, IOS, and others. Android sub-segment is anticipated to be the fastest growing sub-segment in the projected time frame. Download PDF Sample Report

Source: Research Dive Analysis

The android sub-segment is anticipated to have the fastest growth rate and generate a revenue of $3,448.9 billion by 2028, growing from $8.1 billion in 2020.
The growth is majorly due to the cost affordability, compatibility to various number of applications and ease of use. Additionally, the advanced android-based devices have ability to allow the users to multi-task and are equipped with sensors and various security benefits such as fingerprint unlocking of phone. These factors act as a competitive edge over other operating systems.

5G Smart Phone Market
By Application

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Based on distribution channel, the analysis has been divided into offline channel and online channel. Out of these, online channel sub-segment is predicted to be the fastest growing sub-segment during the forecast period.

Source: Research Dive Analysis

The online channel sub-segment of the global 5G smart phone market is anticipated to grow at the highest CAGR of 139.7% and reach $3,155.4 billion by 2028, growing from $6.1 billion in 2020.
The online channel is anticipated to grow due to various factors such as E-commerce platforms providing elasticity to consumers to shop from anywhere, anytime. Additionally, online channels offer great deals and various number of brands all at a single place so that it becomes easy for the buyers to select their desired smartphones. Major e-commerce market players are Flipkart, Amazon, and Apple store, among others.

Global 5G Smart Phone Market, Regional Insights:

The 5G smart phone market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Global 5G Smart Phone Market, Regional Insights

Source: Research Dive Analysis

The Europe 5G Smart Phone Market is Anticipated to Experience the Fastest Growth Rate

5G smart phone market for Europe region is anticipated to grow at a higher CAGR of 134.7% and reach $2,090.1 billion by 2028.
The Europe market growth is majorly attributed to the increasing adoption of 5G network in this region, which is further fueling the need for the high-speed data transfer compatibility smartphones, which is further expected to rise the demand for 5G smart phone in the near future. Additionally, the rising demand for the premium smart phones along with the high disposable income of consumer is projected to drive the Europe region 5G smart phone market in the near future. Growing demand for the technologically advanced smart phone is fueling the demand for 5G smartphones market over the forecast period.

Competitive Scenario in the Global 5G Smart Phone Market

Product advancements, innovations, and business expansion are common strategies followed by major market players.

Competitive Scenario in the Global 5G Smart Phone Market

Source: Research Dive Analysis

Some of the leading 5G smart phone market players are Huawei Technologies Co., Ltd., Samsung Electronics Co. Ltd., Apple Inc., Motorola, Inc., BBK Electronics, LG Electronics Inc., Xiaomi Corporation, TCL Communication Limited, Nokia Corporation, and Lenovo Group Limited.

Porter’s Five Forces Analysis for the Global 5G Smart Phone Market:

  • Bargaining Power of Suppliers: The number of 5G smart phone players is high. There is a growing demand for the 5G smart phones from various countries which is anticipated to boost the market growth.
    Thus, the bargaining power suppliers is moderate.
  • Bargaining Power of Buyers: Bargaining power of buyers is moderate as the product availability is very high and the number of players present in this market are also high. 
    Thus, the bargaining power of the buyers is moderate.
  • Threat of New Entrants: The companies entering 5G smart phone market have to deal with high investment cost and adhere to the environmental regulations as well. 
    Thus, the threat of the new entrants is low.
  • Threat of Substitutes: The availability of the alternatives for the 5G smart phone is very low. 
    Thus, the threat of substitutes is low.
  • Competitive Rivalry in the Market: The competitive rivalry among industry leaders is extensive mainly because the number of players operating in 5G smart phone industry are focusing on enhancing the efficiency of the battery, business expansion, and product innovations.
    Therefore, competitive rivalry in the market is high.

Aspect

Particulars

  Historical Market Estimations

  2019-2020

  Base Year for Market Estimation

  2020

  Forecast Timeline for Market Projection

  2021-2028

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Operating System

  • Android
  • Windows
  • iOS
  • Others

  Segmentation by Sales Channel

  • Offline Channel
  • Online

  Key Companies Profiled

  • Huawei Technologies Co., Ltd.
  • Samsung Electronics Co. Ltd.
  • Apple Inc.
  • Motorola, Inc.
  • BBK Electronics
  • LG Electronics Inc.
  • Xiaomi Corporation
  • TCL Communication Limited
  • Nokia Corporation
  • Lenovo Group Limited.

Frequently Asked Questions
 

A. The size of the global 5G smart phone market was over $16.1 billion in 2020 and is projected to reach $6,574.7 billion by 2028.

A. Huawei Technologies Co., Ltd., Samsung Electronics Co. Ltd., and Apple Inc. are some of the major companies operating in the global 5G smart phone market.

A. The Europe region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. The growth rate of the Europe 5G smart phone market is 134.7%.

A. Product innovations, technological advancements, and business expansions are the key strategies opted by the operating companies in this market.

A. Huawei Technologies Co., Ltd., Samsung Electronics Co. Ltd., and Apple Inc. companies are investing more on R&D practices.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data Sales Channels

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Operating system trends
2.3.Sales channel trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Sales Channel landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview

4.5G Smart Phone Market, by Operating System

4.1.Android

4.1.1.Market size and forecast, by region, 2021-2028
4.1.2.Comparative market share analysis, 2021 & 2028

4.2.Windows

4.2.1.Market size and forecast, by region, 2021-2028
4.2.2.Comparative market share analysis, 2021 & 2028

4.3.iOS

4.3.1.Market size and forecast, by region, 2021-2028
4.3.2.Comparative market share analysis, 2021 & 2028

4.4.Others

4.4.1.Market size and forecast, by region, 2021-2028
4.4.2.Comparative market share analysis, 2021 & 2028

5.5G Smart Phone Market, by Sale Channel

5.1.Offline Channel

5.1.1.Market size and forecast, by region, 2021-2028
5.1.2.Comparative market share analysis, 2021 & 2028

5.2.Online Channel

5.2.1.Market size and forecast, by region, 2021-2028
5.2.2.Comparative market share analysis, 2021 & 2028

6.5G Smart Phone Market, by Region

6.1.North America

6.1.1.Market size and forecast, by Operating System, 2021-2028
6.1.2.Market size and forecast, by Sale Channel, 2021-2028
6.1.3.Market size and forecast, by country, 2021-2028
6.1.4.Comparative market share analysis, 2021 & 2028

6.1.5.U.S.

6.1.5.1.Market size and forecast, by Operating System, 2021-2028
6.1.5.2.Market size and forecast, by Sales Channel, 2021-2028
6.1.5.3.Comparative market share analysis, 2021 & 2028

6.1.6.Canada

6.1.6.1.Market size and forecast, by Operating System, 2021-2028
6.1.6.2.Market size and forecast, by Sales Channel, 2021-2028
6.1.6.3.Comparative market share analysis, 2021 & 2028

6.1.7.Mexico

6.1.7.1.Market size and forecast, by Operating System, 2021-2028
6.1.7.2.Market size and forecast, by Sales Channel, 2021-2028
6.1.7.3.Comparative market share analysis, 2021 & 2028

6.2.Europe

6.2.1.Market size and forecast, by Operating System, 2021-2028
6.2.2.Market size and forecast, by Sales Channel, 2021-2028
6.2.3.Market size and forecast, by country, 2021-2028
6.2.4.Comparative market share analysis, 2021 & 2028

6.2.5.UK

6.2.5.1.Market size and forecast, by Operating System, 2021-2028
6.2.5.2.Market size and forecast, by Sales Channel, 2021-2028
6.2.5.3.Comparative market share analysis, 2021 & 2028

6.2.6.Germany

6.2.6.1.Market size and forecast, by Operating System, 2021-2028
6.2.6.2.Market size and forecast, by Sales Channel, 2021-2028
6.2.6.3.Comparative market share analysis, 2021 & 2028

6.2.7.France

6.2.7.1.Market size and forecast, by Operating System, 2021-2028
6.2.7.2.Market size and forecast, by Sales Channel, 2021-2028
6.2.7.3.Comparative market share analysis, 2021 & 2028

6.2.8.Spain

6.2.8.1.Market size and forecast, by Operating System, 2021-2028
6.2.8.2.Market size and forecast, by Sales Channel, 2021-2028
6.2.8.3.Comparative market share analysis, 2021 & 2028

6.2.9.Italy

6.2.9.1.Market size and forecast, by Operating System, 2021-2028
6.2.9.2.Market size and forecast, by Sales Channel, 2021-2028
6.2.9.3.Comparative market share analysis, 2021 & 2028

6.2.10.Rest of Europe

6.2.10.1.Market size and forecast, by Operating System, 2021-2028
6.2.10.2.Market size and forecast, by Sales Channel, 2021-2028
6.2.10.3.Comparative market share analysis, 2021 & 2028

6.3.Asia Pacific

6.3.1.Market size and forecast, by Operating System, 2021-2028
6.3.2.Market size and forecast, by Sales Channel, 2021-2028
6.3.3.Market size and forecast, by country, 2021-2028
6.3.4.Comparative market share analysis, 2021 & 2028

6.3.5.India

6.3.5.1.Market size and forecast, by Operating System, 2021-2028
6.3.5.2.Market size and forecast, by Sales Channel, 2021-2028
6.3.5.3.Comparative market share analysis, 2021 & 2028

6.3.6.China

6.3.6.1.Market size and forecast, by Operating System, 2021-2028
6.3.6.2.Market size and forecast, by Sales Channel, 2021-2028
6.3.6.3.Comparative market share analysis, 2021 & 2028

6.3.7.Japan

6.3.7.1.Market size and forecast, by Operating System, 2021-2028
6.3.7.2.Market size and forecast, by Sales Channel, 2021-2028
6.3.7.3.Comparative market share analysis, 2021 & 2028

6.3.8.South Korea

6.3.8.1.Market size and forecast, by Operating System, 2021-2028
6.3.8.2.Market size and forecast, by Sales Channel, 2021-2028
6.3.8.3.Comparative market share analysis, 2021 & 2028

6.3.9.Australia

6.3.9.1.Market size and forecast, by Operating System, 2021-2028
6.3.9.2.Market size and forecast, by Sales Channel, 2021-2028
6.3.9.3.Comparative market share analysis, 2021 & 2028

6.3.10.Rest of Asia-Pacific

6.3.10.1.Market size and forecast, by Operating System, 2021-2028
6.3.10.2.Market size and forecast, by Sales Channel, 2021-2028
6.3.10.3.Comparative market share analysis, 2021 & 2028

6.4.LAMEA

6.4.1.Market size and forecast, by Operating System, 2021-2028
6.4.2.Market size and forecast, by Sales Channel, 2021-2028
6.4.3.Market size and forecast, by country, 2021-2028
6.4.4.Comparative market share analysis, 2021 & 2028

6.4.5.Brazil

6.4.5.1.Market size and forecast, by Operating System, 2021-2028
6.4.5.2.Market size and forecast, by Sales Channel, 2021-2028
6.4.5.3.Comparative market share analysis, 2021 & 2028

6.4.6.Saudi Arabia

6.4.6.1.Market size and forecast, by Operating System, 2021-2028
6.4.6.2.Market size and forecast, by Sales Channel, 2021-2028
6.4.6.3.Comparative market share analysis, 2021 & 2028

6.4.7.South Africa

6.4.7.1.Market size and forecast, by Operating System, 2021-2028
6.4.7.2.Market size and forecast, by Sales Channel, 2021-2028
6.4.7.3.Comparative market share analysis, 2021 & 2028

6.4.8.Rest of LAMEA

6.4.8.1.Market size and forecast, by Operating System, 2021-2028
6.4.8.2.Market size and forecast, by Sales Channel, 2021-2028
6.4.8.3.Comparative market share analysis, 2021 & 2028

7.Company profiles

7.1.Huawei Technologies Co., Ltd.

7.1.1.Business overview
7.1.2.Financial performance
7.1.3.Product portfolio
7.1.4.Recent strategic moves & developments
7.1.5.SWOT analysis

7.2.Samsung Electronics Co. Ltd.

7.2.1.Business overview
7.2.2.Financial performance
7.2.3.Product portfolio
7.2.4.Recent strategic moves & developments
7.2.5.SWOT analysis

7.3.Apple Inc

7.3.1.Business overview
7.3.2.Financial performance
7.3.3.Product portfolio
7.3.4.Recent strategic moves & developments
7.3.5.SWOT analysis

7.4.Motorola, Inc.

7.4.1.Business overview
7.4.2.Financial performance
7.4.3.Product portfolio
7.4.4.Recent strategic moves & developments
7.4.5.SWOT analysis

7.5.BBK Electronics

7.5.1.Business overview
7.5.2.Financial performance
7.5.3.Product portfolio
7.5.4.Recent strategic moves & developments
7.5.5.SWOT analysis

7.6.LG Electronics Inc.

7.6.1.Business overview
7.6.2.Financial performance
7.6.3.Product portfolio
7.6.4.Recent strategic moves & developments
7.6.5.SWOT analysis

7.7.Xiaomi Corporation

7.7.1.Business overview
7.7.2.Financial performance
7.7.3.Product portfolio
7.7.4.Recent strategic moves & developments
7.7.5.SWOT analysis

7.8.TCL Communication Limited 

7.8.1.Business overview
7.8.2.Financial performance
7.8.3.Product portfolio
7.8.4.Recent strategic moves & developments
7.8.5.SWOT analysis

7.9.Nokia Corporation

7.9.1.Business overview
7.9.2.Financial performance
7.9.3.Product portfolio
7.9.4.Recent strategic moves & developments
7.9.5.SWOT analysis

7.10.Lenovo Group Limited.

7.10.1.Business overview
7.10.2.Financial performance
7.10.3.Product portfolio
7.10.4.Recent strategic moves & developments
7.10.5.SWOT analysis

5G smart phones are devices with the latest iteration 5G cellular technology, which is engineered to greatly increase the responsiveness and speed of wireless networks. 5G smartphones are characterized on the basis of aggressive pricing, innovative features, technology & designs, and increased data transfer rate. These smart phones allow the users to access the high-speed network and offers them enhanced experience in terms of data transfer speed. The fast-charging capability and the low-power consumption of 5G smartphones are expected to increase the demand for these smart devices across the globe.

COVID-19 Impact on 5G Smart Phone Market

The outbreak of COVID-19 across the globe has negatively impacted the global 5G smart phone market growth. The global market suffered due to the shutting down of manufacturing operations and the shortage of the 5G chipsets in the industry owing to the disruption in production. Besides, the pandemic has affected the manufacturing of semiconductors across the globe.

However, the global 5G smart phone market is expected to grow at a higher-level post coronavirus situation owing to the rising demand for the seamless internet connectivity and increasing adoption of IoT and connected devices.

5G Smart Phone Market Trends and Developments

The companies operating in the global industry are adopting several growth strategies and business tactics such as partnerships, collaboration, business expansion, and product launches to obtain a leading position in the global industry, which is predicted to drive the global 5G smart phone market growth in the upcoming years.

For instance, in January 2019, Sprint Corp, the US wireless carrier announced to release 5G smartphones in the US with Samsung Electronics Co. as 5G offers data speeds up to 50 or 100 times faster than the 4G network. Sprint plans to include 9 US cities in the rollout of 5G smart phones. The cities include Atlanta, Dallas, Chicago, Houston, Los Angeles, Kansas City, New York City, Washington D.C., and Phoenix.

In October 2020, Apple, an American multinational technology company, introduced iPhone 12 Pro and 12 Pro Max with a powerful 5G experience and enhanced technologies. The 5G smart phones features the powerful A14 Bionic, pro camera system, Ceramic Shield new design, LiDAR Scanner, and the Super Retina XDR display.

In September 2021, Samsung, a leading multinational electronics corporation, announced the launch of ‘Galaxy F42,’ its first F series 5G smartphone in India. The smart phone comes with a host of splendid features, such as 64MP triple camera along with night mode, 6.6” FHD+ display screen with 90Hz refresh rate, and 12 bands 5G support.

In October 2021, Dixon Technologies, the domestic electronics manufacturing company, and Orbic, a US based smartphone manufacturer, entered into an agreement to manufacture smart phones at Padget’s manufacturing facility at Noida, Delhi. Powered by Snapdragon 750G 5G network, the all-new Orbic Myra 5G UW is Orbic’s first 5G millimeter wave (mmwave) product which will be produced in India and exported to the US.

Forecast Analysis of Global Market

The global 5G smart phone market is projected to witness an exponential growth over the forecast period, owing to the rapid growth in technological advancements and the growing demand for ultra-high bandwidth across the globe. Conversely, the rise in the prices of 5G smart phones is expected to hamper the market growth in the projected timeframe.

The increasing demand for connected devices worldwide and the rising demand for high-speed internet connectivity for IoT-based applications, such as energy management and connected homes are the significant factors and 5G smart phone market trends estimated to bolster the growth of the global market in the coming future. According to a latest report published by Research Dive, the global 5G smart phone market is expected to garner $6,574.7 billion during the forecast period (2021-2028). Regionally, the market in Europe is estimated to witness fastest growth by 2028, owing to the growing adoption of 5G network in the region, which is pouring the need for the smart phones with high-speed data transfer compatibility.

The key players functioning in the global market include Huawei Technologies Co., Ltd., Apple Inc., Samsung Electronics Co. Ltd., Motorola, Inc., LG Electronics Inc., BBK Electronics, Xiaomi Corporation, Nokia Corporation, TCL Communication Limited, and Lenovo Group Limited.

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