Ericsson, the Swedish telecom equipment manufacturer, believes that the number of 5G subscriptions will grow to 1.5 billion by 2024. By then, 40% of the world’s population should somehow have access to a 5G network.

This does not mean, however, that everyone can actually make use of it. Ericsson predicts there will be 1.5 billion 5G subscriptions in 2024. That’s a total of 17 percent of all mobile subscriptions currently available. This is a development that is particularly reflected in the United States, Europe, South Korea, Japan and China.

5G smartphones

According to Ericsson, there is a strong momentum in the global 5G market. In the United States, a 5G Internet service was launched at the beginning of October, and all four major mobile operators have announced their intention to deploy their own 5G networks by the end of 2018 or mid-2019.

The first smartphones to support 5G networks will be launched next year. According to Ericsson, there will be at least seven of them, although it is quite possible that more 5G smartphones will be on the market in the near future. The company thinks that in addition to Samsung, Oppo, ZTE, Motorola and LG also come with a 5G smartphone.

LTE and IoT

In total there will be 5 billion smartphone subscriptions by the end of 2018, thinks Ericsson. The idea is that LTE continues to grow: in 2024 Ericsson expects a total of 5.4 billion LTE subscriptions, which will then account for 60 percent of the total. The Swedish manufacturer also expects growth in IoT.

The manufacturer expects that by 2025 there will be a total of 4.1 billion Internet-of-Things connections. Of the 4.1 billion mobile IoT connections predicted in 2024, Northeast Asia accounts for 2.7 billion of these connections. This reflects the ambitions and size of the mobile IoT market in that region.

This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.