New research has claimed that 5G will become the dominant mobile technology in mainland China by 2024, surpassing LTE in the process.
According to a report from the GSM Association (GSMA), the organization said it expects China to be the first country in the world to hit 1 billion 5G connections. The GSMA believes that milestone will be reached by 2025.
By 2030, GSMA predicts China will have 1.6 billion 5G connections, with an usage rate of 88%.
LTE free fall
The report adds that by 2023, mainland China will account for nearly two-thirds (about 60%) of all global 5G connections, with the number of compatible base stations now exceeding 2.3 million. On the other hand, when it comes to LTE adoption, the GSMA expects the rate to drop from 64% in 2022 to less than 50% this year.
The organization further stated that the move would have major consequences for the Chinese economy, and claimed that it would add $290 billion to the economy by 2030. Almost all All industries benefit from the growing adoption of 5G.
The Internet of Things (IoT), a system of internet-connected devices whose sensors generate mountains of data from the real world, will reap the most benefits from 5G. Licensed cellular IoT connections, the GSMA explains, will grow from 1.8 billion last year to 3.6 billion by 2023.
China’s biggest telecom companies are expected to spend more than $290 billion in capital expenditures between today and 2030, most of which will go towards 5G power supply projects.
Through: Mobile World Live (opens in a new tab)
