5G-Enabled Smartphone Market Scope
5G enable smart phone are smartphones with 5G cellular Network technology. 5G phones are anticipated to support super speeds of up to 10 Gbps as well as the network is advertised to be 100 times faster than 4G. High speed data connection will help to boost global 5G enable smartphones market. These smartphones are used for video call, voice communication, high speed information transmission and others. 5G enabled smart phone may be launch in the 2019.
Network Technology 5G is recently introduced in the market so there are no such officially register companies for providing 5G enable smartphones. Whenever smartphone providers launch their 5G enable smartphones. So that 5G enable smartphone market shows competitive rivalry in worldwide in upcoming year. Research Analyst at AMA estimates that Chinese Players will contribute to the maximum growth of Global 5G-Enabled Smartphone market throughout the predicted period.
Xiaomi (China), LG (South Korea), Huawei (China), ZTE (China), Samsung (South Korea), Vivo (China), Apple (United States), Oppo (China), Ericsson (Sweden), Nokia Corp (Finland) and Lenovo (Hong Cong) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Sony (Japan), Asus (Taiwan), HTC (Taiwan) and Verizon Communications (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global 5G-Enabled Smartphone market by Type (Smart Phone and Tablet Phone), by Application (Video Call, Voice Communication, High Speed Information Transmission and Others) and Region with country level break-up.
On the basis of geography, the market of 5G-Enabled Smartphone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Finland, Sweden, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 3rd December 2018, Samsung a United States based global leader of smartphone provider and Verizon are partnered to lunch next generation cellular technology 5G enabled smart phones in 2019.
On 6th December 2018, One Plus a leading smartphone providers has announced that they are planning to launch 5G enable smartphone in 2019.
- High Adoption Due To Massive Device Connectivity
- Growing Demand for High Speed Data
- Rising Demand of 5G Technology Due To Reduced Latency
- Adoption Due To Features Such As Large Network Coverage and Energy Saving
- Increasing Opportunity in Developing Countries
- Interruption in Standardization of Spectrum Allocation
- Threat of Substitutes
Key Target Audience5G enabled Smart phone Manufactures, 5G enabled Smart phone Suppliers/Distributors, Technology Developers, Industry Associations and Experts, Private Research Organizations and Consulting Companies, Industry Associations, Government Market Research and Consulting Firm and Others