Narrative - Global 5G Smartphone Wholesale ASP & Revenue Forecasts to 2029
Discover how expanding 5G technology adoption and the launch of new models by major manufacturers like Honor, Samsung, and Xiaomi are driving global smartphone revenue growth, especially in emerging markets.
Global 5G smartphone revenues have been rising significantly as the adoption of 5G technology expands globally. Major factors driving this growth include the increased availability of 5G networks, demand for faster data speeds, improved streaming, and better connectivity for devices across various sectors. As developed markets are saturating growth comes mainly from emerging markets. Emerging markets are contributing to the revenue increase as more affordable 5G devices become available, making this technology accessible to a broader audience. As manufacturers like Honor, Samsung, Xiaomi, and others continue to release new 5G models, consumers are upgrading their devices, leading to higher sales volumes. Revenue growth is also supported by a shift towards premium devices, with 5G often positioned as a feature of mid-range to high-end phones.
