LTE & 5G June 2020 Subscriber Growth & Forecast
By the end of Q1 2020 there were 5.43 billion LTE subscriptions worldwide.
Nearly 936 million LTE subscriptions were added in the preceding 12 months.
20.8% YoY growth.
LTE subscriptions now account for 59.2% of all global mobile subscriptions.
5G subscriptions quadrupled in the first quarter of 2020 to reach at least 63.65 million globally (representing 0.69% of the entire global mobile market).
According to its restated figures, globally Omdia forecasts there will be nearly 10.24 billion mobile subscriptions by the end of 2024.
LTE is expected to reach its peak point in terms of technology market share at the end of 2021 (at 62.4%), and to reach its peak point in terms of subscriber numbers at the end of 2022 (at 6.057 billion subscribers).
From 2023 the LTE market is forecast to start to decline, as customers migrate to 5G.
Between end 2020 and end 2024, the share of the market represented by GSM subscriptions will fall from 15.4% to 7.1%, and the share represented by W-CDMA will decline from 20.0% to 13.0%.
By the end of 2024, 5G will account for nearly a quarter of the global market (at 2.46 billion subscriptions), although LTE will still be dominant at 55.5% of all global mobile subscriptions.
Subscriber Growth to Q1 2020
©GSA 2020
LTE & 5G June 2020 Subscriber Growth & Forecast
