Global 5G Smartphone Market (by Sales Channel, Shipments, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)

Description

Market Insight:

The 5G Smartphone is a mobile phone that primarily supports the fifth standard network, with advanced features and capabilities that go beyond basic functions like texting and calling. Consumer interest in 5G devices is rising, thus chipmakers are pushing businesses to include 5G processors in their new smartphone lineup.

The rise in urban population, increased consumer awareness regarding rising mobile device usage, surging integration of AR technology, and expanding over-the-top (OTT) platform subscriptions would drive market expansion in the coming years. The global 5G Smartphone market is expected to reach US$162.90 billion in 2023, witnessing growth at a CAGR of 124.89%, during the forecasted period.

Segment Covered:

By Sales Channel: The market report has segmented the global 5G smartphone market into two segments in terms of component: offline and online. Offline segment occupied the largest share in the market. The common offline sales channels include variety of outlets, including retailer outlets, hypermarkets, mobile stores, and brand stores. A large number of consumers prefer to buy electronics and consumer goods from local authorized brand stores as these stores enable consumers to have the touch-and-feel experience of a phone before purchase.
By Shipments: The report further provided the analysis based on the shipments: The shipment of 5G smartphones is predicted to increase during the forecast period owing to the surging demand for high-speed data connectivity for integrated IoT (Internet of Things) applications, such as smart home products and growing integration of Augmented Reality (AR) & Virtual Reality (VR) technology. leisure trips and voyages taken by generation Z along with the growing preference to live a luxury life.

Geographic Coverage:

According to this report, the global 5G Smartphone market is divided into four regions, namely Asia Pacific, North America, Europe and Latin America, Middle East & Africa. The countries covered in Asia Pacific region include China, India and Rest of Asia Pacific, while North America includes the US, Canada, and Mexico. Moreover, UK, Germany, France, Spain, Italy and Rest of Europe are included in the European region.

Asia Pacific dominated the market with largest share of the global market, owing to the increasing middle class, along with higher levels of disposable income, has boosted internet access and smartphone ownership. Many major countries such as India and Vietnam would switch on their 5G networks in the near future, which would contribute to the total 5G smartphone count. In the Asia Pacific region, China held maximum share in the market due to the accelerating economic growth, and digital technologies. Further, in North America, Mexico is expected to be the fastest growing region in the forecasted period.

Top Impacting Factors:

Growth Drivers

Growing Population
Increasing Usage of Mobile Devices
Mounting Penetration of Internet Users
Expanding Over-The-Top (OTT) Platform Subscriptions

Challenges

Security & Privacy Issues
Massive Power Consumption

Trends

Rising Trend of Connected IoT Devices
Escalating Penetration of Mobile E-Commerce
Rising Integration with Artificial Intelligence
Accelerating Adoption of 5G Smartphones
Driver: Increasing Usage of Mobile Devices

Smartphones are increasingly becoming the source of media and entertainment. Growing number of mobile devices like smartphones and tablets have promoted effective communication between patients living in remote areas and healthcare providers. Increasing penetration of mobile devices has led to the adoption of 5G smartphones as 5G is now a standard feature in premium smartphones, especially in the major regions like the U.S., China, Japan and South Korea. Hence, growing usage of mobile devices has encouraged the global 5G smartphone market growth.

Challenge: Massive Power Consumption

Majority of the 5G smartphones come with big batteries owing to the increased power consumption of early 5G modems and connectivity. A 5G capable smartphone will need about 5 times more processing power, consume 2.5 times more power and see board sizes increase by around 1.3 times. This more-than-expected power consumption leads to a noticeable increased OpEx for the operators and ultimately an increased subscription cost which may slow down the widespread deployment of 5G. Therefore, massive power consumption may hamper the overall market growth.

Trend: Rising Trend of Connected IoT Devices

An Internet of Things (IoT) platform is the support software that connects edge hardware, access points and data networks to other parts of the value chain which are generally the end-user applications. Rising demand for high-speed data connectivity for integrated IoT (Internet of Things) applications, such as smart home products and energy management is anticipated to propel the adoption of 5G smartphones because these smartphones have better features like greater bandwidth, enhanced battery performance, faster processor, etc. Furthermore, with the growth of both residential and industrial Internet of Things (IoT) devices, smartphones play the role of a personalized authentication device for enhanced security purposes. Thus, the rising trend of connected IoT devices is estimated to fuel the growth of the global 5G smartphone market in coming years.

The COVID-19 Analysis:

The outbreak of the COVID-19 pandemic has notably hampered the overall electronics manufacturing industry across key countries, such as China, Japan, Taiwan and several other Asian countries. The pandemic has also affected the exports and imports of electronic and other products globally, owing to the shutdown of borders of key countries. However, the growing number of COVID-19 cases across the globe increased the usage of smartphones as a result of sedentary lifestyle during lockdown and it is expected to boost the 5G smartphone market growth.

Analysis of Key Players:

The global 5G smartphone market is highly consolidated, with a few number of large scale manufacturers accounting for a major revenue share. The key players in the global 5G Smartphone market are:

Alphabet Inc. (Google)
Samsung Electronics Co., Ltd.
Apple Inc.
Nokia Corporation
Huawei Technologies Co., Ltd.
Lenovo Group Limited
TCL Technology
Motorola Solutions, Inc.
Transsion Holdings
Xiaomi Corporation
BBK Electronics Corporation

Some of the strategies among key players in the market for 5G smartphones are mergers, acquisitions, and collaborations. For instance, in 2022, Lenovo Group Limited and PCCW Limited entered into definitive agreements to establish a strategic partnership to create a technology solutions business in the Asia Pacific region. And, in 2022, Motorola Solutions launched WAVE PTX, an instant communication service via broadband subscription, with nationwide coverage, allowing companies to connect their different work teams instantaneously and reliably in order to keep operations up and running, independent from network technology.

1. Executive Summary

2. Introduction

2.1 5G Smartphone: An Overview
2.2 5G Smartphone Segmentation: An Overview
- 2.2.1 5G Smartphone Segmentation

3. Global Market Analysis

3.1 Global 5G Smartphone Market: An Analysis
- 3.1.1 Global 5G Smartphone Market: An Overview
- 3.1.2 Global 5G Smartphone Market by Value
- 3.1.3 Global 5G Smartphone Market by Sales Channel (offline and online)
- 3.1.4 Global 5G Smartphone Market by Region (Asia Pacific, North America, Europe and Latin America, Middle East & Africa)
3.2 Global 5G Smartphone Market: Shipment Analysis
- 3.2.1 Global 5G Smartphone Market by Shipments: An Overview
- 3.2.2 Global 5G Smartphone Market by Shipments
- 3.2.3 Global 5G Smartphone Shipments by Region (Asia Pacific, North America, Europe and Latin America, Middle East & Africa)
3.3 Global 5G Smartphone Market: Sales Channel Analysis
- 3.3.1 Global 5G Smartphone Market by Sales Channel: An Overview
- 3.3.2 Global Offline 5G Smartphone Market by Value
- 3.3.3 Global Online 5G Smartphone Market by Value

4. Regional Market Analysis

4.1 Asia Pacific 5G Smartphone Market: An Analysis
- 4.1.1 Asia Pacific 5G Smartphone Market: An Overview
- 4.1.2 Asia Pacific 5G Smartphone Market by Value
- 4.1.3 Asia Pacific 5G Smartphone Market by Shipments
- 4.1.4 Asia Pacific 5G Smartphone Market by Region (China, India and Rest of Asia Pacific)
- 4.1.5 China 5G Smartphone Market by Value
- 4.1.6 China 5G Smartphone Market by Shipments
- 4.1.7 India 5G Smartphone Market by Value
- 4.1.8 Rest of Asia Pacific 5G Smartphone Market by Value
4.2 North America 5G Smartphone Market: An Analysis
- 4.2.1 North America 5G Smartphone Market: An Overview
- 4.2.2 North America 5G Smartphone Market by Value
- 4.2.3 North America 5G Smartphone Market by Shipments
- 4.2.4 North America 5G Smartphone Market by Region (The US, Canada and Mexico)
- 4.2.5 The US 5G Smartphone Market by Value
- 4.2.6 The US 5G Smartphone Market by Operating System (Android, iOS and others)
- 4.2.7 The US Android 5G Smartphone Market by Value
- 4.2.8 The US iOS 5G Smartphone Market by Value
- 4.2.9 The US Other 5G Smartphone Market by Value
- 4.2.10 Canada 5G Smartphone Market by Value
- 4.2.11 Mexico 5G Smartphone Market by Value
4.3 Europe 5G Smartphone Market: An Analysis
- 4.3.1 Europe 5G Smartphone Market: An Overview
- 4.3.2 Europe 5G Smartphone Market by Value
- 4.3.3 Europe 5G Smartphone Market by Shipments
- 4.3.4 Europe 5G Smartphone Market by Region (UK, France, Italy, Germany, Spain and rest of Europe)
- 4.3.5 UK 5G Smartphone Market by Value
- 4.3.6 France 5G Smartphone Market by Value
- 4.3.7 Italy 5G Smartphone Market by Value
- 4.3.8 Germany 5G Smartphone Market by Value
- 4.3.9 Spain 5G Smartphone Market by Value
- 4.3.10 Rest of Europe 5G Smartphone Market by Value
4.4 LAMEA 5G Smartphone Market: An Analysis
- 4.4.1 LAMEA 5G Smartphone Market: An Overview
- 4.4.2 LAMEA 5G Smartphone Market by Value
- 4.4.3 LAMEA 5G Smartphone Market by Shipments

5. Impact of COVID-19

5.1 Impact of COVID-19
- 5.1.1 Impact of COVID-19 on 5G Smartphone Market
- 5.1.2 Impact of COVID-19 on Industrial Production
- 5.1.3 Impact of COVID-19 on Video Conferencing Apps
- 5.1.4 Impact of COVID-19 on Work from Home Culture
- 5.1.5 Impact of COVID-19 on Online Learning
- 5.1.6 Impact of COVID-19 on Penetration Rate of 5G Smartphones

6. Market Dynamics

6.1 Growth Drivers
- 6.1.1 Growing Population
- 6.1.2 Increasing Usage of Mobile Devices
- 6.1.3 Mounting Penetration of Internet Users
- 6.1.4 Surging Integration of AR Technology
- 6.1.5 Expanding Over-The-Top (OTT) Platform Subscriptions
- 6.1.6 Upsurge in the Number of e-Sports Audience
6.2 Challenges
- 6.2.1 Security & Privacy Issues
- 6.2.2 Massive Power Consumption
- 6.2.3 High Operational and Infrastructure Cost
6.3 Market Trends
- 6.3.1 Accelerating Adoption of 5G Smartphones
- 6.3.2 Rising Trend of Connected IoT Devices
- 6.3.3 Escalating Penetration of Mobile E-Commerce
- 6.3.4 Rising Integration with Artificial Intelligence

7. Competitive Landscape

7.1 Global 5G Smartphone Players by Market Share
7.2. Global 5G Smartphone Market Players by Shipments

8. Company Profiles

8.1 Apple Inc.
- 8.1.1 Business Overview
- 8.1.2 Operating Segments
- 8.1.3 Business Strategy
8.2 Alphabet Inc. (Google)
- 8.2.1 Business Overview
- 8.2.2 Operating Segments
- 8.2.3 Business Strategy
8.3 Huawei Technologies Co., Ltd.
- 8.3.1 Business Overview
- 8.3.2 Operating Segment
- 8.3.3 Business Strategy
8.4 Lenovo Group Limited
- 8.4.1 Business Overview
- 8.4.2 Operating Segment
- 8.4.3 Business Strategy
8.5 Motorola Solutions, Inc.
- 8.5.1 Business Overview
- 8.5.2 Operating Segment
- 8.5.3 Business Strategy
8.6 Nokia Corporation
- 8.6.1 Business Overview
- 8.6.2 Operating Segment
- 8.6.3 Business Strategy
8.7 Samsung Electronics Co., Ltd.
- 8.7.1 Business Overview
- 8.7.2 Operating Segments
- 8.7.3 Business Strategy
8.8 TCL Technology
- 8.8.1 Business Overview
- 8.8.2 Operating Segment
- 8.8.3 Business Strategy
8.9 Xiaomi Corporation
- 8.9.1 Business Overview
- 8.9.2 Operating Segments
- 8.9.3 Business Strategy
8.10 BBK Electronics Corporation
- 8.10.1 Business Overview
8.11 Transsion Holdings
- 8.11.1 Business Overview
- 8.11.2 Business Strategy
Table of Figures
Figure 1: 5G Smartphone Segmentation
Figure 2: Global 5G Smartphone Market by Value; 2019-2021 (US$ Billion)
Figure 3: Global 5G Smartphone Market by Value; 2022-2027 (US$ Billion)
Figure 4: Global 5G Smartphone Market by Sales Channel; 2021 (Percentage, %)
Figure 5: Global 5G Smartphone Market by Region; 2021 (Percentage, %)
Figure 6: Global 5G Smartphone Market by Shipments; 2019-2021 (Million Units)
Figure 7: Global 5G Smartphone Market by Shipments; 2022-2027 (Million Units)
Figure 8: Global 5G Smartphone Shipments by Region; 2021 (Percentage, %)
Figure 9: Global Offline 5G Smartphone Market by Value; 2019-2021 (US$ Billion)
Figure 10: Global Offline 5G Smartphone Market by Value; 2022-2027 (US$ Billion)
Figure 11: Global Online 5G Smartphone Market by Value; 2019-2021 (US$ Billion)
Figure 12: Global Online 5G Smartphone Market by Value; 2022-2027 (US$ Billion)
Figure 13: Asia Pacific 5G Smartphone Market by Value; 2019-2021 (US$ Billion)
Figure 14: Asia Pacific 5G Smartphone Market by Value; 2022-2027 (US$ Billion)
Figure 15: Asia Pacific 5G Smartphone Market by Shipments; 2019-2021 (Million Units)
Figure 16: Asia Pacific 5G Smartphone Market by Shipments; 2022-2027 (Million Units)
Figure 17: Asia Pacific 5G Smartphone Market by Region; 2021 (Percentage, %)
Figure 18: China 5G Smartphone Market by Value, 2021-2027 (US$ Billion)
Figure 19: China 5G Smartphone Shipments; 2021-2027 (Million Units)
Figure 20: India 5G Smartphone Market by Value, 2021-2027 (US$ Billion)
Figure 21: Rest of Asia Pacific 5G Smartphone Market by Value, 2021-2027 (US$ Billion)
Figure 22: North America 5G Smartphone Market by Value; 2019-2021 (US$ Billion)
Figure 23: North America 5G Smartphone Market by Value; 2022-2027 (US$ Billion)
Figure 24: North America 5G Smartphone Market by Shipments; 2019-2021 (Million Units)
Figure 25: North America 5G Smartphone Market by Shipments; 2022-2027 (Million Units)
Figure 26: North America 5G Smartphone Market by Region; 2021 (Percentage, %)
Figure 27: The US 5G Smartphone Market by Value; 2021-2027 (US$ Billion)
Figure 28: The US 5G Smartphone Market by Operating System; 2021 (Percentage, %)
Figure 29: The US Android 5G Smartphone Market by Value, 2021-2027 (US$ Billion)
Figure 30: The US iOS 5G Smartphone Market by Value, 2021-2027 (US$ Billion)
Figure 31: The US Other 5G Smartphone Market by Value, 2021-2027 (US$ Billion)
Figure 32: Canada 5G Smartphone Market by Value; 2021-2027 (US$ Billion)
Figure 33: Mexico 5G Smartphone Market by Value; 2021-2027 (US$ Billion)
Figure 34: Europe 5G Smartphone Market by Value; 2019-2021 (US$ Billion)
Figure 35: Europe 5G Smartphone Market by Value; 2022-2027 (US$ Billion)
Figure 36: Europe 5G Smartphone Market by Shipments; 2019-2021 (Million Units)
Figure 37: Europe 5G Smartphone Market by Shipments; 2022-2027 (Million Units)
Figure 38: Europe 5G Smartphone Market by Region; 2021 (Percentage, %)
Figure 39: UK 5G Smartphone Market by Value, 2021-2027 (US$ Billion)
Figure 40: France 5G Smartphone Market by Value, 2021-2027 (US$ Billion)
Figure 41: Italy 5G Smartphone Market by Value, 2021-2027 (US$ Billion)
Figure 42: Germany 5G Smartphone Market by Value, 2021-2027 (US$ Billion)
Figure 43: Spain 5G Smartphone Market by Value, 2021-2027 (US$ Billion)
Figure 44: Rest of Europe 5G Smartphone Market by Value, 2021-2027 (US$ Billion)
Figure 45: LAMEA 5G Smartphone Market by Value; 2019-2021 (US$ Billion)
Figure 46: LAMEA 5G Smartphone Market by Value; 2022-2027 (US$ Billion)
Figure 47: LAMEA 5G Smartphone Market by Shipments; 2019-2021 (Million Units)
Figure 48: LAMEA 5G Smartphone Market by Shipments; 2022-2027 (Million Units)
Figure 49: Industrial Production, 2019-2020 (YOY Percentage, %)
Figure 50: Quarterly Revenue of Zoom Video Communications; 2019-2021 (US$ Million)
Figure 51: Percentage of Internet Users aged 16 to 64 expecting to Work from Home Even After the Pandemic; July 2020 (Percentage, %)
Figure 52: Share of Countries Responding to School Closure with Different Forms of Remote Learning by Region (Percentage, %)
Figure 53: Penetration Rate of 5G Smartphones in China; Nov 2019- Nov 2020 (Percentage, %)
Figure 54: Global Population; 2017-2021 (Billion)
Figure 55: Global Number of Unique Mobile Users; Q4 2016-Q4 2021 (Billion)
Figure 56: Global Internet Users; Jan 17-Jan 22 (Billion Users)
Figure 57: Global Mobile Augmented Reality (AR) Users; 2019-2024 (Billion Users)
Figure 58: Global Number of Netflix Paid Subscribers; Q3 2020-Q2 2022 (Billion)
Figure 59: Global e-Sports Audience; 2020-2025 (Million)
Figure 60: Global 5G Smartphone Connections; 2020-2025 (Million)
Figure 61: Number of Global Active IoT Connections (Installed Base); 2017-2025 (Billion)
Figure 62: Global Mobile E-Commerce Sales; 2016-2021 (US$ Trillion)
Figure 63: Global Artificial Intelligence Software Market Revenue; 2018-2025 (US$ Billion)
Figure 64: Global 5G Smartphone Players by Market Share; 2021 (Percentage, %)
Figure 65: Global 5G Smartphone Market Players by Shipments; 2021 (Million Units)
Figure 66: Apple Inc. Total Net Sales by Segment; 2021 (Percentage, %)
Figure 67: Alphabet Inc. (Google) Revenues by Operating Segments; 2021 (Percentage, %)
Figure 68: Huawei Technologies Co., Ltd. Revenue by Segments; 2021 (Percentage, %)
Figure 69: Lenovo Group Limited Revenue by Segments; 2022 (Percentage, %)
Figure 70: Motorola Solutions, Inc. Net Sales by Segments; 2021 (Percentage, %)
Figure 71: Nokia Corporation Net Sales by Segments; 2021 (Percentage, %)
Figure 72: Samsung Electronics Co., Ltd. Net Revenue by Segments; 2021 (Percentage, %)
Figure 73: TCL Technology Revenue by Segments; 2021 (Percentage, %)
Figure 74: Xiaomi Corporation Revenues by Segments; 2021 (Percentage, %)