5G Ecosystem – September
September saw an increase in almost all of the 5G indicators that we track. Overall device offerings increased 7.0% m/m and 138.7% y/y, with a 2 year increase of 721.7%, while 5G smartphones increased 9.4% m/m and 161.5% y/y (1175.6% over two years). 5G CPE devices increased 6.2% m/m and 59.3% y/y and routers, laptops and tablets all increased m/m. Only 5G in-vehicle routers remained flat m/m, but that is a product that tends to be based on vehicle model releases.
Despite the rather weak smartphone market, 5G smartphone offerings continue to grow, and in China, where even against easy comparisons, smartphone shipments are only up 12.3%, 5G smartphones made up 47.4% of new models in August and will likely reach over 50% into the holiday season. In terms of 5G itself, the ratio between sub6 and mmWave phones remains consistent at ~55%/45%, with sub6 the leader, which is surprising given the far more extensive buildout of sub6 5G capacity. We expect that the cost of dual modem and antenna systems has dropped to the point where the decision to offer both is the logical choice to satisfy as many customers as possible.
Despite the rather weak smartphone market, 5G smartphone offerings continue to grow, and in China, where even against easy comparisons, smartphone shipments are only up 12.3%, 5G smartphones made up 47.4% of new models in August and will likely reach over 50% into the holiday season. In terms of 5G itself, the ratio between sub6 and mmWave phones remains consistent at ~55%/45%, with sub6 the leader, which is surprising given the far more extensive buildout of sub6 5G capacity. We expect that the cost of dual modem and antenna systems has dropped to the point where the decision to offer both is the logical choice to satisfy as many customers as possible.
5G Ecosystem - Primary Indicators - Source: SCMR LLC, GSA.com
Selected 5G Devices - Device Offerings - Source: SCMR LLC, GMSA
5G Smartphone Unit Volume & ROC - Source: SCMR LLC, GSA.com
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