The 5G smartphone market is set to rapidly expand in the next 12 months, with many mobile vendors looking to quickly develop their 5G portfolios. It is anticipated that 5G will increase more aggressively compared to 4G to become the most accelerated mobile technology generation ever launched, despite any lag in demand that may be caused by the outbreak of COVID-19 and the ongoing U.S.-China trade dispute. This landmark growth includes a seismic shift to make the new technology available across price tiers, which will greatly increase the global addressable market for 5G.
