Market share of 5G smartphone shipments in China Q4 2022
The Global 5G smartphone market
With the faster mobile internet connection enabled by 5G technology, smartphones will be the most obvious gadget to make use of the newest generation of network technology. It was forecasted that by 2023, 5G-enabled smartphones would account for over half of all smartphone shipments worldwide. This translates to roughly 416 million 5G-enabled smartphone shipments in the same year. Among all 5G smartphone vendors, Asian brands, namely Chinese and Korean, seemed to be leading the race. Smartphone giants of both markets Xiaomi and Samsung have each a market share of over 15 percent of 5G smartphones shipped globally in the second quarter of 2022.
China’s 5G smartphone market
Boasting the world’s leading smartphone market and a frontrunner of 5G adoption, China’s 5G smartphone market looks promising, especially with a high acceptance of 5G network among Chinese citizens. Shipment volume of 5G smartphones in China has skyrocketed in the last three quarters and is expected to keep growing rapidly.