Although many analysts suggest that the implementation of the 5G network has clearly slowed down and will continue to slow down due to the classic adaptation course and the coronavirus pandemic, Ericsson still believes that in about 5 years as much as 60% of the world's population will be able to enjoy the new connectivity technology. In its latest Mobility Report, published this week, the telecommunications giant estimates that by the end of this year, we will reach approximately 220 million subscriptions for 5G services worldwide, and at the same time, 1 billion people will be within the network's reach.
This is an increase from the previous estimate of 190 million subscribers driven by strong sales of 5G-enabled devices, 80% of which were observed in China. According to Ericsson, this is largely due to much faster adaptation than expected, driven by strategic national goals, intense competition between service providers, and much more affordable 5G smartphones from many different vendors.
To better visualize what situation in China rebounding after the pandemic we are currently talking about, it is worth mentioning that Xiaomi sold 35% more smartphones in the third quarter of this year than in the corresponding period of last year, ranking 3rd on the list of the largest smartphone manufacturers in the world and pushing Apple itself off the podium. At the same Arts www worldwide growth in mobile subscriptions was rather slow over the same period, so Ericsson was forced to make a small adjustment in this area. And so, the company expects the number of mobile subscriptions to reach 8.8 billion by the end of 2026, of which 3.5 billion is for 5G - June estimates indicated 2.8 billion 5G subscriptions by the end of 2025.
In the meantime, LTE is expected to reach its peak of adaptation in 2021 and remain the dominant mobile technology for several more years, until most people decide to switch to 5G, which, given some conspiracy theories about this network, may be difficult. There is hope, however, because currently over 100 network providers from around the world are working on the implementation of 5G, treating it as the main element of development, so the next decade looks very promising. Will it bring about resource-hungry technologies such as autonomous cars? Time will tell, but then we will be ready, at least in terms of high-speed Internet.