The Chinese multinational technology company, VIVO ranks 4th in global 5G market. Since the beginning of 2020, VIVO has been running along with Samsung in smartphone production, sales and market share. VIVO overtook Samsung in technology market of India in Q1. Following this, VIVO has taken its place as one of the leading companies in the 5G market.
VIVO ranks 4th place in 2020 in production and market share where South Korean company Samsung secured the 3rd position in the global market. TrendForce, a market research institution, recently revealed the information in a report.
As stated by the report, Chinese company Huawei is now at the top of the global market. Apple and Samsung secured the 2nd and 3rd place respectively. Huawei captured 31% of the 5G handset market, followed closely by Apple with 30%. Samsung and Vivo, had 12% and 9%, respectively. Two other Chinese conglomerates, Xiaomi and OPPO are right after VIVO with 8% share.
As stated by the report, Huawei is expected to produce about 74 million 5G smartphones this year. Apple’s yearly 5G smartphone production is expected to total about 70 million units in 2020. Samsung’s 5G smartphone production this year is forecasted at 29 million units. VIVO is expected to produce about 21 million units of 5G smartphone where OPPO, and Xiaomi’s yearly 5G smartphone production volumes are projected to reach about 20 million and 19 million units, respectively.
The global 5G network coverage will be unlikely to surpass 50% before 2025 as the current 5G infrastructure build-out is pushed back as the result of running coronavirus pandemic and the complete coverage process may take longer. However, the smartphone manufacturers are continuing the competition amid pandemic situation. According to the report, end of the year, four Chinese companies will be in the top six in the 5G market.
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