TECH SUPPLIER Jun 2022 - Market Forecast - Doc # US49281822
U.S. 5G Smartphone Forecast, 2022–2026
This IDC study presents our forecast for U.S. 5G smartphone shipments by operating system and air interface. The U.S. 5G smartphone market will reach 118.1 million units shipped in 2022, up 27.3% from the 92.8 million units shipped in 2021. Shipments will reach 161.2 million units in 2026, the final year of our forecast period, resulting in a CAGR of 11.7%.
"5G devices continue to grow in popularity as 5G market share will reach 77% by the end of 2022," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "As refresh rates in the U.S. market extend past 39 months, consumers are looking to future proof their purchases by opting for high-end 5G flagships that will last over three years. Moreover, 5G devices are starting to inch closer to the $100 mark as many prepaid and MVNO branded devices are 5G capable, giving budget-minded consumers a viable option as well."
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