There are just a couple of 5G phones launched already but we don’t expect 5G phones to be a rave this year. Demands may be low since carriers are still testing their 5G networks. So far, the 5G-enabled phones that are available to buy are just a handful such as the Galaxy S10 5G, LG V50 ThinQ, OnePlus 7 Pro, Oppo Reno 5G and Motorola’s Moto Z4 with the 5G Moto mod. Next year may see a surge in the number of 5G phones in the market but according to a research firm, the new platform which will bring big upgrade in data speed will only become a norm in the next four years.
Canalys projects that 5G phones will sell way more than 4G smartphones by 2023. In other words, between now and the next four years, more carriers would definitely deploy their 5G infrastructures and also more OEMs will launch 5G phones on the flagship and even mid-range tier. The research outfit also projects that most of the 5G adoption will take place in China. This projection is hinged on the Chinese government’s effort and support as well as the efforts of tech companies.
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Globally, Canalys estimates sales of 5G phones will peak at an estimated 800 million units, making up 51.4% market share. China will account for 34% while North America will make up approximately 18.8%.
In a statement released today, Nicole Peng, vice president of mobility at Canalys said; “China is also home to many major 5G equipment suppliers and smartphone vendors, which will be responsible for an aggressive marketing push over the next few years.” He also added; “But mass market adoption of 5G smartphones does not necessarily mean a successful 5G deployment. The full 5G deployment will take much longer, and be much more complex than the previous network generation, in order to realize the benefits of 5G beyond eMBB (enhanced Mobile Broadband).”
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