5G, the fifth generation of wireless cellular technology, continues its dominating advance, as global 5G wireless connections look to surpass 1.1 billion by the end of 2022. According to 5G Americas, the voice for 5G and LTE in the Americas, connections to 5G networks has on average doubled every year since its commercial inception in late 2018, reaching 922 million connections by the end of the third quarter of 2022, according to data from Omdia.
“With over half a billion connections, 4G LTE is the foundation of mobile wireless connectivity throughout the Latin America region. Yet, as we look forward to the future, 5G will begin to play a bigger and bigger role for citizens in the region as deployments and connections increase significantly.”
Chris Pearson, President of 5G Americas said,”5G continues to make significant progress throughout the world. The foundation of this new era of innovation is spectrum, standards and a growing ecosystem of key technologies that are being adopted by operators, vendors and end users.”
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With 75 countries reporting 5G connections, most recent data from Omdia suggests 433 million global 5G connections were added from Q3 2021 to Q3 2022, almost doubling connections from 489 million to 922 million. Overall, those figures represent 14.4 percent sequential quarterly growth from 806 million in Q2 2022 to 921 million in Q3 2022. Global 5G connections are forecast to again accelerate in 2023, approaching 2 billion and reaching 5.9 billion by the end of 2027.
North America is a leader in the uptake of wireless 5G connections with a total of 108 million 5G and 506 million LTE connections by the end of Q3 2022. 5G penetration of the population in the North American market is approaching 30 percent, as the region added 14 million 5G connections for the quarter – a gain of 15.47 percent over Q2 2022. Overall, a total of 137 million 5G connections is projected to come from North America by the end of 2022, bolstered by strong 5G smartphone shipments in the US. IDC predicts the US 5G smartphone market will reach 118.1 million units shipped in 2022, showing a 27% increase from 2021.
SOURCE: Businesswire