Dublin, Sept. 06, 2022 (GLOBE NEWSWIRE) — The “Global 5G Smartphone Market: Analysis By Sales Channel (Online and Offline), By Shipments, By Region Size And Trends With Impact Of COVID-19 And Forecast up to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global 5G smartphone market in 2021 was valued at US$32.21 billion. The market is expected to reach US$4167.07 billion by 2027. The 5G Smartphone is a mobile phone with advance features and functionality beyond traditional functionalities such as sending text messages and making calls and primarily support the fifth standard network. The consumers interest in 5G devices has been growing, therefore chipmakers are also pushing brands to use 5G chips in their new line-up of smartphones.
Due to the rise in urban population, growth in consumer awareness about the increasing usage of mobile devices, surging integration of AR technology, expanding over-the-top (OTT) platform subscriptions would propel the market growth in the forthcoming years. The market is expected to grow at a CAGR of 124.90 % during the forecast period of 2022-2027.
Market Segmentation Analysis:
- By Sales Channel: The report provides the bifurcation of the market into two segments based on the component: offline and online. In 2021, offline held a major share of more than 61% in the market. The common offline sales channels include variety of outlets, including retailer outlets, hypermarkets, mobile stores, and brand stores. A large number of consumers prefer to buy electronics and consumer goods from local authorized brand stores as these stores enable consumers to have the touch-and-feel experience of a phone before purchase.
- By Shipments: The report further provided the analysis based on the shipments: The shipment of 5G smartphones is predicted to increase during the forecast period owing to the surging demand for high-speed data connectivity for integrated IoT (Internet of Things) applications, such as smart home products and growing integration of Augmented Reality (AR) & Virtual Reality (VR) technology.
- By Region: The report provides insight into the 5G Smartphone market based on the regions, namely Asia Pacific, North America, Europe and Latin America, Middle East & Africa. Asia Pacific held the major share of more than 65% in the market, owing to the increasing middle class, along with higher levels of disposable income, has boosted internet access and smartphone ownership. Many major countries such as India and Vietnam would switch on their 5G networks in the near future, which would contribute to the total 5G smartphone count. In the Asia Pacific region, China held almost 58% share in the market owing to the accelerating economic growth, and digital technologies. In North America, Mexico is expected to be the fastest growing region in the forecasted period.
- Growth Drivers: One of the most important factors impacting the global 5G Smartphone market is mounting penetration of internet users. With the increasing penetration of internet, smartphones have become popular because of the ability to surf the internet and doing the same activities that are done on a computer or a laptop. Often times, people use their smartphones in order to access their favorite video streaming sites and apps. Hence, mounting penetration of internet catalyzed the widespread of 5G smartphone market. Furthermore, the market has been growing over the past few years, due to factors such as surging integration of AR technology, expanding over-the-top (OTT) platform subscriptions, mounting penetration of internet users and upsurge in number of e-sports in recent years, and many other factors.
- Challenges: However, the market has been confronted with some challenges specifically, security and privacy issues, massive power consumption, etc.
- Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as rising trend of connected IoT devices, accelerating adoption of 5G smartphones, escalating penetration of mobile e-commerce, etc. 5G smartphones support advanced applications like e-commerce with enhanced speed. Thus, escalating penetration of mobile e-commerce is predicted to help in the market expansion of 5G smartphones, globally.
- Impact Analysis of COVID-19 and Way Forward:
The outbreak of the COVID-19 pandemic has notably hampered the overall electronics manufacturing industry across key countries, such as China, Japan, Taiwan and several other Asian countries. The pandemic has also affected the exports and imports of electronic and other products globally, owing to the shutdown of borders of key countries. However, the growing number of COVID-19 cases across the globe increased the usage of smartphones as a result of sedentary lifestyle during lockdown and it is expected to boost the 5G smartphone market growth.
The global 5G Smartphone market is highly consolidated, with a few number of large scale manufacturers accounting for a major revenue share.
The key players in the global 5G Smartphone market are:
- Apple Inc.
- Alphabet Inc. (Google)
- Huawei Technologies Co., Ltd
- Lenovo Group Limited
- Motorola Solutions, Inc.
- Nokia Corporation
- Samsung Electronics Co., Ltd.
- TCL Technology
- Xiaomi Corporation
- BBK Electronics Corporation
- Transsion Holdings
Some of the strategies among key players in the market for 5G smartphones are mergers, acquisitions, and collaborations. For instance, in 2022, Lenovo Group Limited and PCCW Limited entered into definitive agreements to establish a strategic partnership to create a technology solutions business in the Asia Pacific region. And, in 2022, Motorola Solutions launched WAVE PTX, an instant communication service via broadband subscription, with nationwide coverage, allowing companies to connect their different work teams instantaneously and reliably in order to keep operations up and running, independent from network technology.
Key Topics Covered:
1. Executive Summary
2.1 5G Smartphone: An Overview
2.2 5G Smartphone Segmentation: An Overview
2.2.1 5G Smartphone Segmentation
3. Global Market Analysis
3.1 Global 5G Smartphone Market: An Analysis
3.1.1 Global 5G Smartphone Market: An Overview
3.1.2 Global 5G Smartphone Market by Value
3.1.3 Global 5G Smartphone Market by Sales Channel (offline and online)
3.1.4 Global 5G Smartphone Market by Region (Asia Pacific, North America, Europe and Latin America, Middle East & Africa)
3.2 Global 5G Smartphone Market: Shipment Analysis
3.2.1 Global 5G Smartphone Market by Shipments: An Overview
3.2.2 Global 5G Smartphone Market by Shipments
3.2.3 Global 5G Smartphone Shipments by Region (Asia Pacific, North America, Europe and Latin America, Middle East & Africa)
3.3 Global 5G Smartphone Market: Sales Channel Analysis
3.3.1 Global 5G Smartphone Market by Sales Channel: An Overview
3.3.2 Global Offline 5G Smartphone Market by Value
3.3.3 Global Online 5G Smartphone Market by Value
4. Regional Market Analysis
4.1 Asia Pacific 5G Smartphone Market: An Analysis
4.1.1 Asia Pacific 5G Smartphone Market: An Overview
4.1.2 Asia Pacific 5G Smartphone Market by Value
4.1.3 Asia Pacific 5G Smartphone Market by Shipments
4.1.4 Asia Pacific 5G Smartphone Market by Region (China, India and Rest of Asia Pacific)
4.1.5 China 5G Smartphone Market by Value
4.1.6 China 5G Smartphone Market by Shipments
4.1.7 India 5G Smartphone Market by Value
4.1.8 Rest of Asia Pacific 5G Smartphone Market by Value
4.2 North America 5G Smartphone Market: An Analysis
4.2.1 North America 5G Smartphone Market: An Overview
4.2.2 North America 5G Smartphone Market by Value
4.2.3 North America 5G Smartphone Market by Shipments
4.2.4 North America 5G Smartphone Market by Region (The US, Canada and Mexico)
4.2.5 The US 5G Smartphone Market by Value
4.2.6 The US 5G Smartphone Market by Operating System (Android, iOS and others)
4.2.7 The US Android 5G Smartphone Market by Value
4.2.8 The US iOS 5G Smartphone Market by Value
4.2.9 The US Other 5G Smartphone Market by Value
4.2.10 Canada 5G Smartphone Market by Value
4.2.11 Mexico 5G Smartphone Market by Value
4.3 Europe 5G Smartphone Market: An Analysis
4.3.1 Europe 5G Smartphone Market: An Overview
4.3.2 Europe 5G Smartphone Market by Value
4.3.3 Europe 5G Smartphone Market by Shipments
4.3.4 Europe 5G Smartphone Market by Region (UK, France, Italy, Germany, Spain and rest of Europe)
4.3.5 UK 5G Smartphone Market by Value
4.3.6 France 5G Smartphone Market by Value
4.3.7 Italy 5G Smartphone Market by Value
4.3.8 Germany 5G Smartphone Market by Value
4.3.9 Spain 5G Smartphone Market by Value
4.3.10 Rest of Europe 5G Smartphone Market by Value
4.4 LAMEA 5G Smartphone Market: An Analysis
4.4.1 LAMEA 5G Smartphone Market: An Overview
4.4.2 LAMEA 5G Smartphone Market by Value
4.4.3 LAMEA 5G Smartphone Market by Shipments
5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on 5G Smartphone Market
5.1.2 Impact of COVID-19 on Industrial Production
5.1.3 Impact of COVID-19 on Video Conferencing Apps
5.1.4 Impact of COVID-19 on Work from Home Culture
5.1.5 Impact of COVID-19 on Online Learning
5.1.6 Impact of COVID-19 on Penetration Rate of 5G Smartphones
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Growing Population
6.1.2 Increasing Usage of Mobile Devices
6.1.3 Mounting Penetration of Internet Users
6.1.4 Surging Integration of AR Technology
6.1.5 Expanding Over-The-Top (OTT) Platform Subscriptions
6.1.6 Upsurge in the Number of e-Sports Audience
6.2.1 Security & Privacy Issues
6.2.2 Massive Power Consumption
6.2.3 High Operational and Infrastructure Cost
6.3 Market Trends
6.3.1 Accelerating Adoption of 5G Smartphones
6.3.2 Rising Trend of Connected IoT Devices
6.3.3 Escalating Penetration of Mobile E-Commerce
6.3.4 Rising Integration with Artificial Intelligence
7. Competitive Landscape
7.1 Global 5G Smartphone Players by Market Share
7.2. Global 5G Smartphone Market Players by Shipments
8. Company Profiles
8.1 Apple Inc.
8.1.1 Business Overview
8.1.2 Operating Segments
8.1.3 Business Strategy
8.2 Alphabet Inc. (Google)
8.2.1 Business Overview
8.2.2 Operating Segments
8.2.3 Business Strategy
8.3 Huawei Technologies Co., Ltd.
8.3.1 Business Overview
8.3.2 Operating Segment
8.3.3 Business Strategy
8.4 Lenovo Group Limited
8.4.1 Business Overview
8.4.2 Operating Segment
8.4.3 Business Strategy
8.5 Motorola Solutions, Inc.
8.5.1 Business Overview
8.5.2 Operating Segment
8.5.3 Business Strategy
8.6 Nokia Corporation
8.6.1 Business Overview
8.6.2 Operating Segment
8.6.3 Business Strategy
8.7 Samsung Electronics Co., Ltd.
8.7.1 Business Overview
8.7.2 Operating Segments
8.7.3 Business Strategy
8.8 TCL Technology
8.8.1 Business Overview
8.8.2 Operating Segment
8.8.3 Business Strategy
8.9 Xiaomi Corporation
8.9.1 Business Overview
8.9.2 Operating Segments
8.9.3 Business Strategy
8.10 BBK Electronics Corporation
8.10.1 Business Overview
8.11 Transsion Holdings
8.11.1 Business Overview
8.11.2 Business Strategy
For more information about this report visit https://www.researchandmarkets.com/r/pix4fu
AUTOCANADA ANNOUNCES PROMOTIONS AND EXPANDS LEADERSHIP TEAM
AutoCanada Inc. (“AutoCanada” or the “Company”) (TSX: ACQ), a multi-location North American automobile dealership group, announced key promotions and additions to its leadership team.
Jeff Thorpe, who joined the Company as President, Canadian Operations in April 2022, will have responsibility for all operations in North America as President, North American Operations. Brian Feldman, who joined as Senior Vice President, Canadian Operations and Disruptive Technologies in April 2022, has been appointed as Chief Operating Officer of the Company.
“Jeff and Brian have proven themselves over the last year and have been instrumental in driving our strong performance through their focus on operational initiatives in Canada. We are very pleased to provide Jeff with the increased responsibility of oversight over our U.S. operations, in addition to Canadian operations, and to appoint Brian as the Chief Operating Officer of the Company,” said Paul Antony, Executive Chairman of the Company.
In addition, Drew Forret will be appointed as Chief Administrative and Transformation Officer and Michael Fera will join as Vice President, Financial Planning and Analysis, each effective in the fourth quarter of 2023. These new roles will support the Company’s renewed focus on fiscal discipline.
“We are very excited to welcome Drew and Michael to the AutoCanada team. Drew and Michael’s significant and proven experience in driving high-performance business cultures with scalable best practices and fiscal discipline will be invaluable for AutoCanada as we continue on the next leg of our journey,” said Mr. Antony.
Drew has over 20 years of experience focusing on the leadership and scaling of growth-based organizations. He most recently held the position of Chief Operating Officer and Chief Financial Officer of Voices, a platform that connects businesses with professional voice talent. Prior to Voices, Drew was the Chief Operating Officer and Chief Financial Officer of CarProof, a provider of vehicle history reports, and President of Activplant, an originator of manufacturing intelligence software. Michael has over a decade of experience in financial planning and analysis. He joins us from Tim Hortons, Canada’s leading quick-service restaurant chain, where he served as Head of Finance for the Canadian business. In addition, Michael held several operational roles spanning development, franchising, non-traditional business and real estate during his tenure with Tim Hortons.
Huawei’s Brand-New Digital and Intelligent Foundation Upgrades Aviation and Rail Industries
SHANGHAI, Sept. 25, 2023 /PRNewswire/ — In parallel with HUAWEI CONNECT 2023, Huawei’s Aviation & Rail BU held three global summits specifically oriented to the BU’s niche.
Using an upgraded digital and intelligent foundation, Huawei dives deep into a wide variety of industry scenarios and expedites the intelligent development of aviation and rail through multi-dimensional awareness, ubiquitous connectivity, and open platforms.
China West Airport Group (CWAG) chose Huawei to jointly develop a comprehensive intelligent transformation strategy.
According to Lin Bin, CWAG’s Deputy General Manager, his company has created 35 intelligent solutions for security, operations, services, and other scenarios using Huawei’s high-performance computing power and open intelligent platforms, as well as advanced algorithms for the industry.
For airport operations, digital and intelligent ground handling solutions forecast the real-time status of flights, passengers, and resources, as well as promptly generating warnings. They also intelligently dispatch ground handlers as needed. The solutions increase ground support efficiency by 20% and shorten the time support takes by 17%. In addition, smart airport operation solutions have introduced the optimal flight plan result model to achieve best supply-demand matching and AI-assisted operation command.
Ever-evolving technologies have brought both challenges and opportunities to enterprise digital transformation and intelligent upgrade. Li Junfeng, Vice President of Huawei and CEO of Huawei’s Aviation & Rail BU, delivered an opening speech at the global railway summit. He explained that as GSM-R gradually exits the market, the railway industry requires a next-generation mobile communications system to ensure efficiency and benefits, as well as maintain high-quality development. In response, Huawei is thinking about how it can leverage AI to better serve the railway industry, and have built practices and made remarkable achievements during its journey.
Huawei teamed up with Huitie Technology to develop the Smart Railway TFDS Solution, which uses the Pangu Railway Model with 3 billion parameters. The solution covers all TFDS scenarios and effectively identifies over 430 types of faults on 67 vehicle models with a comprehensive fault identification rate exceeding 99.3%. It ensures near-zero missed inspections for critical faults and triples the operational efficiency.”
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Hexagon’s Sixth Sense Announces Nine Startups to Transform Manufacturing Sustainability and Digital Reality
Selected innovators leading the charge in reshaping manufacturing for a sustainable future
COBHAM, England, Sept. 25, 2023 /PRNewswire/ — Today, Hexagon’s Manufacturing Intelligence division announced the nine manufacturing startups chosen for its third Sixth Sense cohort. The selected companies were chosen from a highly competitive pool of hundreds of applicants, distinguishing themselves with groundbreaking solutions addressing critical manufacturing challenges, with a focus on sustainability and digital reality.
The selected startups, which hail from seven countries, bring unique approaches to some of today’s most critical manufacturing challenges, such as improving product sustainability, eliminating waste, capturing real-time data, automating design, and incorporating cobots into production lines. As part of the Sixth Sense program, they will gain access to Hexagon’s invaluable market insights, accumulated over decades of collaboration with industry-leading technology giants, which will accelerate their journey to commercial success.
Hexagon, the industrial software leader that plays a pivotal role in manufacturing 90% of aircraft, 75% of smartphones, and 95% of all automobiles worldwide, launched Sixth Sense in January 2022. This initiative is designed to nurture startups within the manufacturing industry by supporting them with Hexagon’s extensive resources.
The nine startups are:
Acerta Analytics, Canada: Acerta Analytics provides advanced analytics solutions that leverage machine learning and artificial intelligence (ML/AI) to turn complex product data into actionable insights. The solution enables automakers and suppliers of complex vehicle parts to improve quality in manufacturing processes and supports early defect detection.Circularise, Netherlands: Circularise offers digital product passports for end-to-end traceability and secure data exchange in industrial supply chains. Its technology helps companies achieve transparency and sustainability by tracking the lifecycle of products and materials.Dessia, France: Dessia offers a platform featuring virtual “bots” that serve as companions to assist engineers in designing mechanical systems. These virtual assistants provide support and insights throughout the design process.Flexxbotics, Boston, US: Flexxbotics specialises in enabling high-mix automation-intensive manufacturers to create flexible next-generation machining environments. It utilises breakthrough FlexxCORE™ technology to seamlessly connect and coordinate collaborative robots with existing automation equipment, IT systems, and personnel to deliver autonomous process control.Launchpad, Los Angeles, US: Launchpad utilises AI and advanced simulation technologies to automate aspects of the design, procurement, and manufacturing process. Its focus is on concepts like mass customization, micro-factories, and software-defined robotics to create shorter supply chains, reduce waste, and deliver new features faster in the manufacturing industry.Rafinex, Luxembourg: Rafinex’s stochastic AI topology optimization for safe, lightweight designs. This technology actively manages uncertainty and risks of real-life variability to create uniquely robust designs that remain safe even in off-design load conditions for application in safety-critical performance sectors such as aerospace, automotive, and tooling.RV Magnetics, Slovakia: RV Magnetics has developed the world’s smallest passive sensor based on MicroWire technology. This sensor combines unique capabilities from electromechanics, electronics, chemistry, physics, applied magnetism, and industrial design, offering diverse applications.ToffeeAM, London, UK: ToffeeAM provides state-of-the-art multi-physics generative design software for engineering. Its mission is to empower engineers to optimise engineering components and systems efficiently, enabling them to go further and faster in design processes.Zaptic, Manchester, UK: Zaptic provides job instruction and collaboration tools for frontline teams, along with a no-code toolkit designed to accelerate the digital transformation of daily operations. The solutions help organizations streamline processes and improve communication among frontline workers.These startups will embark on an intensive 16-week journey as part of the Sixth Sense program, collaborating closely with Hexagon to refine their offerings. Ultimately, up to three winners will be selected from the cohort, granting them access to Hexagon’s extensive resources for global expansion, including potential funding, worldwide office space, and Hexagon’s comprehensive suite of products and services. Additionally, they will be showcased on Hexagon’s open digital reality platform for manufacturing, Nexus, providing them access to world-class companies.
“For this third cohort, we’ve been on the hunt for new innovations that enable manufacturing leaders to lead the net-zero transition – especially with sustainable product design – and we’re thrilled with the caliber of the startups we’ve found to participate,” said Josh Weiss, president of Hexagon’s Manufacturing Intelligence division. “Sixth Sense is designed to pinpoint emerging opportunities for greater innovation, and we’re thrilled to give these companies that are poised for high-growth access to resources and customers that they typically wouldn’t have at this stage in their lifecycle.”
“Hexagon’s commitment to nurturing innovation and driving sustainable manufacturing practices continues to shine through,” said Milan Kocić, head of Sixth Sense, Hexagon. “Each of these startups has demonstrated their capacity to address pressing manufacturing challenges with creativity and determination. Much like our previous cohorts have addressed critical industry challenges, we believe these innovators will play a crucial role in shaping a sustainable future for the manufacturing industry.”
About Sixth SenseHexagon technologies are used to manufacture 90% of aircraft, 75% of smartphones, and 95% of every automobile produced worldwide. It has the scale, the network, and the ambition to make a difference. As we enter the era of Industry 4.0, Sixth Sense was launched to discover smart and efficient solutions that will boost performance and benefit people and the planet. By inviting the next generation of innovators to the table, Hexagon aims to share its resources and make connections that accelerate progress – pushing the boundaries of design, manufacturing, and engineering and starting to imagine a better future for the benefit of everyone. To follow Sixth Sense, and learn about the ecosystem and opportunities for participation, visit https://sixthsense.hexagon.com/.
About HexagonHexagon is the global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.
Our technologies are shaping production and people related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future. Hexagon’s Manufacturing Intelligence division provides solutions that use data from design and engineering, production and metrology to make manufacturing smarter. For more information, visit hexagon.com/mi.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,000 employees in 50 countries and net sales of approximately 5.2bn EUR. Learn more at hexagon.com and follow us @HexagonAB.
View original content:https://www.prnewswire.co.uk/news-releases/hexagons-sixth-sense-announces-nine-startups-to-transform-manufacturing-sustainability-and-digital-reality-301936427.html
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