Mobile carriers have lastly begun to offer 5G service after years of buildup, and there are several 5G smartphones accessible for buy, however, according to a new report from Canalys, 5G smartphone shipments won’t overtake 4G till 2023.
According to the firm’s projections, 1.9 billion 5G smartphones will ship within the next 5 years, and by 2023, 5G will make up 51.4 % of global shipments.
Canalys expects shipments of 5G smartphones will hit 800m in 2023 with North America, making up 18.8 % of the market while greater China will account for 34 %.
China surpassed the US as the most significant phone market again in 2011, and Canalys believes the nation will proceed to keep up its phone dominance within the years ahead.
Despite the Chinese economy has slowed in the following years and its high-end phone market is not what it used to be, the country is well-positioned to be a significant player within the 5G race. President of mobility at Canalys, Nicole Peng defined why China has a leg up within the race to 5G, stating:
“There was a remarkable amount of 5G discussion at this year’s MWC Shanghai, with Chinese 5G licenses granted a year earlier than planned. The role of the Chinese government and the effectively-orchestrated joint investments of operators and gear suppliers have been vital to this earlier business launch. 5G smartphones will see speedy adoption in China, thanks to a strong government technology roadmap and operators’ financial capabilities. China can be home to many major 5G equipment suppliers and smartphone vendors, which shall be responsible for a marketing push over the next years.”