5G subscriptions estimated to reach 1.5 billion by 2024: Ericsson Mobility Report

By Digit NewsDesk | Published on Nov 27 2018
5G subscriptions estimated to reach 1.5 billion by 2024: Ericsson Mobility Report
HIGHLIGHTS

In India, LTE is expected to be the most dominant access technology by 2024, accounting for nearly 81 percent of all mobile subscriptions.

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5G subscriptions are expected to reach more than 40 percent of the global population coverage to 1.5 billion for enhanced mobile broadband by the end of 2024. This will make 5G the fastest generation of cellular technology to be rolled out on a global scale, the new Ericsson Mobility Report has said. The report also claims that LTE is expected to be the most dominant access technology in India by 2024, accounting for nearly 81 percent of all mobile subscriptions.

“As 5G now hits the market, its coverage build-out and uptake in subscriptions are projected to be faster than for previous generations. At the same time, cellular IoT continues to grow strongly. What we are seeing is the start of fundamental changes that will impact not just the consumer market but many industries,” Fredrik Jejdling, Executive Vice President and Head of Business Area Networks, said in a statement.

The Ericsson report says that North America and North East Asia are expected to lead the 5G uptake. In North America, 5G subscriptions are forecast to account for 55 percent of mobile subscriptions by the end of 2024. In North East Asia, the corresponding forecast figure is more than 43 percent. In Western Europe, 5G is forecast to account for some 30 percent of mobile subscriptions in the region by end of 2024, the report predicted.

When it comes to the mobile data traffic, it grew close to 79 percent year-on-year in the third quarter of 2018, which is the highest rate since 2013. Increased data-traffic-per-smartphone in North East Asia– mainly in China – has pushed the global figure notably higher. With a traffic growth per smartphone of around 140 percent between end 2017 and end 2018, the region has the second highest data traffic per smartphone at 7.3GB per month. This is comparable to streaming HD video for around 10 hours per month. North America still has the highest data traffic per smartphone, set to reach 8.6GB per month by the end of this year – which can be compared to streaming HD video for over 12 hours monthly.

When it comes to India, the total mobile data traffic per month is expected to grow four times during the forecast period from 3EB in 2018 to 12EB by 2024. The total smartphone subscriptions in the country will reach a billion by 2024 whereas the total mobile subscriptions in India are expected to grow from about 1.2 billion in 2018 to 1.42 billion in 2024. Video will continue to drive data usage and Ericsson says that it sees monthly data usage per smartphone increasing from 6.8GB in 2018 to 15GB by 2024.

India also saw the second highest number of net mobile subscription additions by a country in the third quarter of 2018, with the addition of 31 million mobile subscriptions. Globally, the third quarter of 2018 saw an addition of 120 million new subscriptions, with China adding 37 million and Indonesia adding 13 million new subscriptions. Smartphone subscriptions in India are expected to grow from 560 million in 2018 to 1 billion in 2024. Also, LTE subscriptions are expected to grow from 350 million (30 percent of total) in 2018 to 1.15 billion in 2024.

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