The 5G revolution in the world of smartphones is in full swing, with China leading the way in both network deployment and cell phone availability. According to channels278 million 5G phones will be sold in 2020, 62% of which or 172 million in the Greater China market.
The number of 5G phones is forecast to almost double globally in 2021, with massive growth in overall volume in all key regions.
Realme V3 5G arrived on September 1
Manufacturers will continue to bring 5G devices to these markets even if the next generation network is not fully provisioned. This gives them an edge over all sorts of competitors, especially if Samsung is the only large non-Chinese company currently bringing 5G devices to market.
|Market share 2020||2021 broadcasts
|2021 market share||Annual growth|
|Europe, Middle East and Africa||31||11%||76||14%||141%|
|Asia-Pacific (excluding Greater China)||29||11%||57||11%||95%|
Huawei is expected to play an important role in the adoption of 5G smartphones despite the ongoing uncertainty about the company and its supply chain constraints. Even if it fails to deliver, the vacuum it creates will easily be filled by Xiaomi, Oppo and TCL, commented Ben Stanton, senior analyst at Canalys.
The average retail price of 5G phones in Europe is projected to drop to $ 765 in 2021 and then steadily decline to $ 477 in 2024, largely because Samsung and Apple are still major players in this market and have more expensive portfolios than the competition.