5G Smartphone Market Report, By Operating System (IOS, Android and Windows), By Sales Channel (Online and Offline), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Sep 2020

Code : CMI4192

Pages :150

Formats :

Excel and PDF

Industry : Information and Communication Technology

Market Challenges And Opportunities

Restraints & Challenges:

High operational and maintenance cost
High power consumption

The major factor restraining growth of the global 5G smartphone market is high operational and infrastructure cost. Installation and maintenance cost of 5G network is high and as a result 5G networks plan are very costly. Such factors are expected to hinder growth of the 5G smartphone market during the forecast period.

5G Smartphone Market - Impact of Coronavirus (Covid-19) Pandemic

Due to COVID-19 pandemic, several industries have witnessed significant shift in their business. There has also been a significant impact on the growth of 5G smartphone market as manufacturing operations are temporarily suspended across many countries to contain the coronavirus. There is also a shortage of 5G chipsets in the market due to disruption in production. Many manufacturing companies such as Samsung, Xiaomi, OPPO and LG Display have suspended their manufacturing operations in China, India, South Korea and in European countries. For instance, in May 2020, OPPO Company shut down its operations in Noida, India. Additionally, demand for 5G smartphone devices has decreased due to lockdown imposed in several countries.