Global 5G smartphone market is anticipated to grow at a significant CAGR of 11.7% during the forecast period (2024-2031).A major factor supporting the growth of the market is the increasing demand for high-speed and low-latency connectivity. As more consumers rely on their smartphones for various tasks, including streaming, gaming, and remote work, there is a growing need for faster and more reliable network connections. 5G technology promises to deliver significantly higher data speeds and lower latency compared to previous generations, making it an attractive option for consumers seeking enhanced mobile experiences.

For instance, in April 2024, Motorola Launched its latest premium smartphone, the Motorola Edge 50 Pro, in India. Representing a convergence of intelligence and art, this flagship device promises to redefine the premium smartphone segment with the world's first AI-powered Pro-Grade Camera validated by Pantone for true colours and human skin tones, alongside the world's first True Color Display, the Motorola edge 50 pro sets new benchmarks in photography and visual experience. Crafted with precision in Italy's Moonlight Pearl Finish, it boasts features like a Snapdragon 7 Gen 3 processor, 125W TurboPower charging, 50W wireless charging, IP68 underwater protection, and up to 12GB RAM with 256GB storage. This launch heralds a new era of innovation in smartphone technology, offering users unparalleled performance and sophistication.

According to the Ministry of External Affairs Government of India, India is poised for a significant shift in smartphone exports, with 5G shipments expected to surpass 4G by the end of 2023. Despite anticipated declines in smartphone shipments due to supply chain challenges, the rise of 5G adoption and affordable smartphone options are driving demand. By 2023, 30% of 5G smartphones priced under $250 are projected to flood the market, up from 4% in 2022. The report forecasts 5G smartphone exports to exceed 100 million by Q2 2023, fueled by geopolitical stability and government initiatives promoting 5G software updates. With government support, including Product Linked Incentives, India's telecom sector is primed for growth, with Apple anticipated to double its iPhone shipments next year.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Operating System
By Sales Channel

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes Apple Inc., Google, Samsung Electronics, China Mobile, Huawei Technologies Co., Ltd. and others.

5G Smartphone Market Report Segment

By Operating System

Android
Windows
IOS

By Sales Channel

Online Sales
Offline Sales

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5G Smartphone Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

China Mobile 
Cisco Systems Inc. 
Ericsson 
Huawei Technologies Co., Ltd.
Lenovo Group Ltd. ($61.9 B)
LG Electronics Inc. (LG Communication Center)
Motorola, Inc.
Nokia 
OnePlus Technology India Pvt. Ltd.
Oppo
TCL Communication Ltd.
Vivo
Xiaomi
ZTE Corp.

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