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Forecasted 5G market revenue in China 2020-2030

In 2020, 5G market revenue in China was estimated to be around 0.6 trillion yuan, which was expected to surge to 6.6 trillion yuan by the end of the next decade. The market revenue is predicted to grow the most in 2021, doubling the revenue in just the third year since the introduction of 5G in China.

Global 5G market

   Along with the rapid advance of mobile internet technology in the last decade, the introduction of 5G connection has been long awaited in the last few years. It was forecasted that in the next five years, the number of mobile 5G subscriptions worldwide will rise exponentially from 37 million to almost two billion, among which North East Asia alone was expected to account for almost one billion, close to triple that of North America.

Chinese 5G smartphone market

   Since the introduction of 5G smartphones in the third quarter of 2019, sales in China has skyrocketed from 0.4 million units to over 14 million units in just three quarters. As such models are usually the latest flagship models of vendors, these smartphones tend to be pricier. However, the prices also seemed to be decreasing over time with the market getting increasingly competitive.

Estimated revenue of 5G market in China from 2020 to 2030

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Sources

Release date

March 2019

Region

China

Survey time period

2019

Supplementary notes

One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of July 2020).

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Statistics on "5G in China"

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