The investment scale of 5G industry in China is expected to reach 17.56 billion yuan in 2019 and 221.65 billion yuan in 2024. Meanwhile, the scale of industrial investment declined in 2024. Therefore, the investment scale of 5G industry is expected to reach a peak of 229.17 billion yuan in 2023 in the next five years. From 2020 to 2025, China’s total economic output directly driven by 5G commerce is expected to reach 10.6 trillion yuan.
5G mobile phones will reach 2% in 2020, 30% in 2022 and 75% in 2024 in the total phone market. By then, China will have more than 1 billion 5G mobile phones.