Market analyst Canalys recently announced its forecasts on the 5G smartphone market.
According to Canalys, the popularity of 5G smartphones will surpass 4G by 2023 and by then, global manufacturers will ship around 1.9 billion phones supporting 5G connectivity.
In 2023, 5G smartphones will account for about 51.4% of the global smartphone market share. In particular, China is expected to consume 34% of 5G smartphones, followed by North America with 18.8% and Asia Pacific 17.4%.
Canalys pointed out that the government's efforts to promote 5G growth have contributed greatly to these successes. As a result, at the beginning of 2020, 5G smartphones are estimated to account for 17.5% of total mobile devices in China.
However, remember that successfully launching a 5G network does not mean successful deployment. In order to reap the full benefits of the eMBB 5G network (advanced mobile broadband), operators will lose more time and cost, significantly more complex than deploying 4G networks.
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