Global 5G Smartphone Market: Insights & Forecast with Potential Impact of COVID-19 (2021-2025)
The leading players (Apple Inc., Samsung Electronics Co., Ltd., Huawei Technologies Co., Ltd., Xiaomi Corporation, LG Corporation and BBK Electronics Corporation (Oppo)) are also presented in detail.
By: Koncept Analytics
A few notable trends include accelerating adoption of 5G smartphones, rising trend of connected IoT devices, escalating penetration of mobile e-commerce and rising integration with artificial intelligence.
The global 5G smartphone market has been segmented on the basis of sales channel, named as offline and online. The offline segment is the fastest growing market, owing to growing availability of a huge number and variety of outlets including retailer outlets, hypermarkets, mobile stores, and brand stores, expanding urbanization, growing usage of mobile devices and accelerating economic growth. In addition, the growing number of COVID-19 cases across the region in 2020, escalated the adoption of 5G smartphones as a result of rising work from home trend and increasing shift to online education to maintain social distancing during the pandemic.
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