Global shipments of 5G smartphones are expected to exceed 199 million by the end of 2020, according to estimates released Thursday by Market Research Group Analytics. However, the report also pointed out that the impact of the new coronavirus outbreak, will have a negative impact on mobile phone sales.
Global shipments of 5G smartphones are only 19 million in 2019, but Strategy Analytics expects a big increase by the end of 2020, with 5G handsets accounting for 15% of the world’s total mobile phone shipments. The biggest markets for mobile phones are expected to be the United States, China, South Korea, Germany and Japan.
Neil Mawston, executive director of Strategy Analytics, said: “Continued coronavirus panic and subsequent economic slowdown will limit overall 5G demand this year. The COVID-19 outbreak is currently restricting smartphone production in Asia, disrupting supply chains and preventing consumers from shopping at retail stores for new 5G devices in some parts of China. “
Strategy Analytics expects a “strong rebound” in the second half of 2020 once the outbreak is brought under control.