5G Smartphones - Global Market Trajectory & Analytics

Global 5G Smartphones Market to Reach $7.6 Trillion by 2027

Amid the COVID-19 crisis, the global market for 5G Smartphones estimated at US$28.4 Billion in the year 2020, is projected to reach a revised size of US$7.6 Trillion by 2027, growing at a CAGR of 122.4% over the period 2020-2027. Offline, one of the segments analyzed in the report, is projected to record 114.5% CAGR and reach US$3.7 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Online segment is readjusted to a revised 132.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $8.8 Billion, While China is Forecast to Grow at 115.4% CAGR

The 5G Smartphones market in the U.S. is estimated at US$8.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Trillion by the year 2027 trailing a CAGR of 115.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 108.6% and 105.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 84% CAGR.

Select Competitors (Total 36 Featured):

• Apple Inc.
• ASUSTeK Computer Inc.
• BBK Electronics Corporation
• HTC Corporation
• Huawei Technologies Co., Ltd.
• Lenovo Group Limited
• LG Electronics Inc.
• Micromax
• Motorola Mobility LLC
• Nokia Corporation
• OPPO Mobile Communication Co., Ltd.
• Samsung Electronics Co. Ltd.
• Sony Corporation
• TCL Communication Limited
• Xiaomi Corporation