5G smartphones continue to be major growth driver for the global smartphone market in 2022. Global 5G smartphone shipment volume is anticipated to grow 38.9% from 549 million in 2021 to 763 million units in 2022, according to MIC (Market Intelligence & Consulting Institute), one of leading IT research institutes in Taiwan. MIC predicts 5G smartphone penetration will reach over 50% to 53.7% in 2022, up from 40.1% in 2021.

Global 5G Smartphone Market Volume, 2021-2025

Note: Shipped units in million
Source: MIC, March 2022

 "The instable supply of PMIC (Power management integrated circuits) has affected 5G smartphone shipments. Meanwhile, as all chipmakers focus mainly on filling the gap for 5G chips, 4G chips have suffered more severe shortages compared to 5G chips during supply chain constraints,” says Rachel Liao, an industry analyst with the Market Intelligence & Consulting Institute in Taipei.

Established in 1987, MIC (Market Intelligence & Consulting Institute) is a division of III (Institute for Information Industry), a major government think tank and IT research institute in Taiwan.

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