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5G smartphones to hit over 100 mn units by 2021

IANS  |  New Delhi 

The shipments are expected to grow a whopping 255 per cent by 2021, almost reaching 110 million units, a new report said on Tuesday.

According to Counterpoint Research, while the growth will be slow during the initial commercialisation phase in 2019, there will be an uptick in sales once countries shift from non-standalone to standalone infrastructure.

"We also expect chips to have a higher price point which will initially drive the cost of devices up. capable devices will be premium only in the beginning. Also only a handful of countries will be deploying the first infrastructure," Research Director said in a statement.

The US, Korea, and will be key markets for infrastructure development and growth of sales.

"We are seeing some great initial developments happening in the US, South Korea, China, and and expect growth to be concentrated in these countries due to their big roll-out plans for starting in 2019," said

Other countries, especially in Europe, are more likely to leapfrog to standalone as they will want to wait for concrete business cases to arise, before fully committing to the transition.

The overall handset market will slow to a CAGR of 1-2 per cent from 2018-2021 due to market saturation and product innovations that are not spurring growth.

"devices will begin gaining in share in the market, but overall transition to could be slow and steady. Once we establish better business cases and infrastructure, the market will begin seeing higher sales overall," noted Research Director

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 16:48 IST
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