The Era of 5G Phones Begins... Annual Growth of 125% Expected Over the Next 5 Years Starting This Year

[Asia Economy Reporter Seulgina Jo] The global 5G smartphone market is expected to continue growing at an average annual rate of 125% from this year through 2025.

According to Research and Markets on the 8th (local time), the global 5G smartphone market is estimated to grow to $823.9 billion by 2025. The compound annual growth rate (CAGR) from 2021 to 2025 is projected to be 124.89%.

This is due to the expansion of 5G infrastructure in various countries, increasing demand for replacement with 5G smartphones, and the spread of trends linked to the Internet of Things (IoT) and Artificial Intelligence (AI).

Research and Markets analyzed, "Factors such as population growth, increased use of mobile devices, expanded integration with augmented reality (AR) technology, and increased subscriptions to over-the-top (OTT) platforms will drive the market. However, security, privacy concerns, and high infrastructure costs may pose obstacles."

Earlier, market research firm Counterpoint Research also forecasted that global 5G smartphone shipments would increase from 200 million units last year to about 590 million units this year.

This content was produced with the assistance of AI translation services.