The world’s fastest growing smartphone brand released a whitepaper titled “Making 5G Global: Accessibility for All” in partnership with Counterpoint Research.
The paper explores the adoption of 5G smartphones globally, the current market landscape, technical trends of the 5G evolution, and the leading brands and regions taking up 5G.
Global 5G smartphone sales continue to grow steeply, but a tale of two markets unfolds According to the paper, global adoption of 5G is outpacing all previous generations.
In Q1 2021, within just one year after the launch of the world’s first commercial 5G network, almost one out of every three smartphones sold worldwide was supported by 5G. Developed markets have been driving 5G adoption.
In 2020, 5G phones in the low-to-mid-range price segments accounted for nearly 40% of all 5G devices sold.
With average selling prices (ASP) likely to continue declining by double-digits in the foreseeable future, it is expected that one out of every two smartphones sold globally will support 5G by the end of 2022.
realme is joining the ranks of the leading 5G smartphone players In addition, the whitepaper explored the market share of 5G phone sales globally in 2020.
And named realme the world’s fastest growing player with a 65% YoY growth in 2020. realme first became one of the top ten 5G smartphone vendors in Q1 2020, due to the company’s strong online presence and robust portfolio across the mid-end segment.
Sky Li, CEO of realme, commented, “It’s encouraging to learn that the global adoption rate of 5G continues to grow steadily with developed markets experiencing adoption levels approaching 80%-90% while emerging economies are set to become the next big growth driver of 5G.
Peter Richardson, VP and Co-founder at Counterpoint Research, noted in the whitepaper, “Every generation of cellular technology has seen a different mix of players taking the lead. In 3G it was Nokia, with Samsung taking over in 4G.