China's Mobile Phone Market Shows Strong Rebound in 2024: 5G Phones Exceed 80% Market Share
China's Mobile Phone Market Shows Strong Rebound in 2024: 5G Phones Exceed 80% Market ShareData recently released by the China Academy of Information and Communications Technology (CAICT) reveals a robust resurgence in China's mobile phone market in 2024. December 2024 saw domestic mobile phone shipments reach 34
China's Mobile Phone Market Shows Strong Rebound in 2024: 5G Phones Exceed 80% Market Share
Data recently released by the China Academy of Information and Communications Technology (CAICT) reveals a robust resurgence in China's mobile phone market in 2024. December 2024 saw domestic mobile phone shipments reach 34.528 million units, a year-on-year increase of 22.1%, continuing the upward trend observed in previous months. Significantly, 5G phones maintained rapid growth, with shipments totaling 30.433 million units, a 25.8% year-on-year increase and accounting for 88.1% of total phone shipments that month. This data indicates that 5G phones have become the market mainstream, reflecting growing consumer acceptance and demand for 5G technology.
Looking at the full year, from January to December 2024, domestic mobile phone shipments totaled 314 million units, representing an 8.7% year-on-year growth. While the annual growth rate slowed somewhat, it still signifies a positive market recovery. Consistent with the monthly data, 5G phones performed exceptionally well throughout the year. Annual 5G phone shipments reached 272 million units, a 13.4% year-on-year increase and comprising 86.4% of total annual shipments. This further solidifies the leading position of 5G phones in the domestic market.
The prominent feature of China's 2024 mobile phone market data is the sustained high growth of 5G phones. Both monthly and annual data show that 5G phones account for the vast majority of market share, with growth rates exceeding those of the overall mobile phone market. This suggests that while the overall mobile phone market has rebounded after several years of downturn, the booming 5G phone market is the primary driver of industry recovery. This is undoubtedly positive news for mobile phone manufacturers and indicates that the 5G phone market will continue its strong growth momentum. However, market competition remains fierce, and manufacturers need to continuously improve product competitiveness to maintain a leading position in this rapidly developing market. In the future, more innovative and cost-effective 5G phone products will be favored by consumers.
Tag: Market China Mobile Phone Shows Strong Rebound in 2024
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