5G is in many ways the next big thing that quite a few people are really excited to talk about, so much so that the concept of 5G phones has become really pervasive in the public consciousness. However, it is important to note that the vast majority of phones these days are not 5G compatible because of the fact that 5G is not prevalent enough to make something like this viable with all things having been considered and taken into account.
According to a recent analysis by JuniperResearch, it seems that market penetration is going to peak in 2025. This would result in the total revenue that is generated from 5G phones increasing to around $337 billion, which is more than three times the $108 billion that these types of phones receive right now. The interesting thing is that phones are also apparently going to get a lot cheaper according to this report, with 5G phones increasingly targeting emerging markets with low tier offerings. While, data also shows the total number of 5G connections will reach 3.2 billion by 2026; rising from 310 million in 2021.
Android phones are clearly going to be a huge driver of progress in this regard. It is estimated that Android phones will be 65% cheaper than iPhones on average, something that will create a lot of opportunities for these companies in the aforementioned emerging markets. Markets like India and Pakistan have hundreds of millions of consumers who are quickly starting to become technologically capable and advanced, and this would mean that the future growth of the sector is going to come from these areas as well.
Since the biggest smartphone company in the world is Xiaomi (a Chinese company) this would further facilitate industry growth in those geographic locations. It will be interesting to see how this impacts America’s previously unquestioned control over countless industries, as this control might decrease in the present decade.
Read next: Study Shows U.S Smartphone User Accessed Average 46 Apps Per Month in the First Half of 2021
According to a recent analysis by JuniperResearch, it seems that market penetration is going to peak in 2025. This would result in the total revenue that is generated from 5G phones increasing to around $337 billion, which is more than three times the $108 billion that these types of phones receive right now. The interesting thing is that phones are also apparently going to get a lot cheaper according to this report, with 5G phones increasingly targeting emerging markets with low tier offerings. While, data also shows the total number of 5G connections will reach 3.2 billion by 2026; rising from 310 million in 2021.
Android phones are clearly going to be a huge driver of progress in this regard. It is estimated that Android phones will be 65% cheaper than iPhones on average, something that will create a lot of opportunities for these companies in the aforementioned emerging markets. Markets like India and Pakistan have hundreds of millions of consumers who are quickly starting to become technologically capable and advanced, and this would mean that the future growth of the sector is going to come from these areas as well.
Since the biggest smartphone company in the world is Xiaomi (a Chinese company) this would further facilitate industry growth in those geographic locations. It will be interesting to see how this impacts America’s previously unquestioned control over countless industries, as this control might decrease in the present decade.
Read next: Study Shows U.S Smartphone User Accessed Average 46 Apps Per Month in the First Half of 2021
