Vendors will ship nearly 1.9 billion #5G #smartphones to market by the end of 2023. Greater China will account for 34.0% of 5G smartphone shipments in 2023, followed by North America at 18.8% and Asia Pacific at 17.4%. @Canalys. https://www.canalys.com/newsroom/5G-forecasts-five-year …
Analytics company, Canalys, forecasts 5G smartphone shipments to surpass 4G models by 2023, with manufacturers tipped to ship around 1.9 billion 5G handsets in the next five years.
The news follows the release of Australia’s first three 5G handsets – the LG V50 5G, Samsung Galaxy S10 5G and Oppo Reno 5G.
Speaking from MWC Shangai, Canalys forecasts 5G-supported handsets to represent 51.4% of all smartphone shipments by 2023.
The firm expects a compound annual growth rate (CAGR) from 2019 to 2023 of 179.9%.
Whilst local 5G coverage remains minimal, Aussie telcos such as Optus and Telstra have committed to significantly expanding its range in the next twelve months.
As previously reported, Telstra has unveiled its streamlined new mobile phone plans, with 5G coverage included until June 30, 2020.
5G will remain free for Telstra’s ‘Large’ and ‘Extra Large’ mobile customers, but cost an additional $15/month for everyone else.
According to Canalys, 5G devices will represent around 51.4% of the market by 2023, with China expected to lead the charge.
The research firm credit government support of 5G technology for the trend shift, with 5G devices to represent 17.5% of total smartphone volumes in China as early as 2020.
The figure is tipped to notch 62.7% in 2023.
Latest @Canalys forecasts: #5G-enabled handsets will reach nearly 800 million units in 2023, accounting for 51.4% of all smartphone shipments, passing 4G smartphones five years after 5G’s global commercial launch. https://www.canalys.com/newsroom/5G-forecasts-five-year …
“There was a phenomenal amount of 5G discussion at this year’s MWC Shanghai, with Chinese 5G licenses granted a year earlier than planned,” asserts Nicole Peng, VP of Mobility at Canalys.
“The role of the Chinese government and the well orchestrated joint investments of operators and equipment suppliers were critical to this earlier commercial launch.”
Despite the “mass-market adoption” of 5G smartphones, Canalys warns “successful [5G] deployment” will take much longer, being more costly and more complex than previous generations.