Tens of Billions of Devices to be Connected
5G WILL BE A GLOBAL ECONOMIC ENGINE
The real significance of 5G goes well beyond simply making the mobile communications experience better by increasing reliability, adding new features and enhancing data rates. It opens up a huge market for new and transformative applications.
The business potential is enormous. Many experts believe that 5G will power the next industrial revolution. In 2035, 5G will enable $12.3 trillion of global economic output. That is nearly equivalent to U.S. consumer spending in 2016 and more than the combined spending by consumers in China, Japan, Germany, the United Kingdom, and France in 2016.
The global 5G value chain will generate $3.5 trillion in output and support 22 million jobs in 2035. This figure is larger than the value of today’s entire mobile value chain.
Smartphones are predicted to account for the majority of 5G adoption through 2025, with as many as 2.6 billion 5G mobile connections by then, with significant room for growth. 5G technology can also support the tens of billions of connected devices, smart objects and embedded sensors expected to come online in the coming years as the Internet of Things (loT) becomes a reality.
Source: IHS Report "The 5G Economy: How 5G Technology will Contribute to the Global Economy"
Skyworks is extremely well positioned to capture significant growth from the 5G revolution by:
- Executing across powerful mobile and IoT ecosystems
- Providing highly advanced integrated solutions
- Leveraging performance to extend content reach
- Generating superior financial returns
- Capitalizing on 5G technology leadership