Top smartphone manufacturers and brands could bet on their 5G offerings to perk up their sales figures in 2020. There are research reports to indicate that the share of 5G-enabled smartphones within the overall volume of smartphones sold worldwide will go up to 10% by next year from just 1% now. A brand like Xiaomi has announced that it has plans to launch as many as ten models with 5G capability next calendar year. The company has 2 models now. The Chinese market could be dominated by Huawei in the 5G space.
China May be a Huge Market for 5G Smartphones
China is not only the largest populated country in the world but in many cases, leads the way in the consumption of products and services. The rollout of 5G services appears to be no exception. The country is just rolling out the latest generation fast speed internet services and three service providers have started booking subscribers for the 5G services in China. China Mobile, China Telecom and China Unicom are these three companies. The numbers of people who have already signed up with the three service providers are 5.6 million, 1.9 million and 1.8 million respectively, totaling 9.3 million. These are the numbers even before the services have been rolled out. You can be sure that once the 5G service starts many more may jump in.
Huge Demand for 5G Smartphones Predicted
There is a projection of the 5G smartphone demand reaching a figure of 300 million before 2020 ends, which is roughly the next 12-14 months. The prediction has come from the Taiwanese Semiconductor Manufacturing Company (TSMC), which you can put your money on. This is possibly the reason for the other prediction that the 5G smartphones will occupy 10% of all smartphones sold. It is thus no wonder Xiaomi wants to launch 10 models capable of 5G service.
The other significant player in the segment is Huawei. The company is a manufacturer of equipment for the 5G service and they would want to be present in the handsets market. This will help them take full advantage of their expertise in the field.