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5G smartphones catalyze 4G progress: 2024 foresees increased 5G adoption and satellite communication interest

The mobile communication industry is experiencing a sustained surge in the popularity of 5G technology. Telecommunications companies report that the widespread adoption of 5G smartphones is driving a wave of upgrades from 4G. In addition, the satellite communication sector is gradually gaining traction. Operators of Low Earth Orbit (LEO) satellites are actively launching new satellites, which is expected to expand the market and stimulate growth in the supply chain. The entire supply chain, from chip manufacturers to component suppliers and smartphone brands, is also introducing phones with satellite communication capabilities, with broader adoption expected by 2024.