Qualcomm says 5G rollout will be faster than 4G, projects 175 million to 225 million 5G handsets in 2020

Qualcomm also outlined how it will target adjacent market as 5G expands globally. IoT, compute, edge computing and cloud are key markets to Qualcomm.

Special feature

How 5G Will Transform Business

5G will be popularized via telecom carriers and the marketing of wire-cutting services, but the biggest impact and returns will come from connecting the Internet of things, edge computing and analytics infrastructure with minimal latency.

Read More

Qualcomm is projecting 175 million to 225 million 5G smartphones in 2020 with more than 450 million in 2021.

The company, which outlined the projections at an analyst day Tuesday, estimated that 5G adoption will be faster than 4G due to commercialization in China and chipsets that work across multiple tiers.

Qualcomm has a lot riding on 5G since it will make more money off the processors in smartphones, adjacent categories such as the Internet of things and artificial intelligence. Qualcomm is expected to have an integrated 5G modem in 2020.

Must read:

Here's a look at Qualcomm's 5G adoption curve.

qcom-5g-adoption-estimate.png

This adoption curve for 5G is also expected to drive revenue growth for Qualcomm. In a slide illustrating the serviceable addressable market opportunity, or SAM, Qualcomm highlighted how it expects to grow compute revenue via Android tablets, Chromebooks and Windows devices, automotive wins and IoT.

Qualcomm's adjacent markets with 5G look like this:

qualcomm-5g-adjacent-markets.png

And the IoT space is expected to be a big driver for Qualcomm's platform and addressable market.

Edge and cloud computing are also expected to be long-term growth markets for Qualcomm in calendar 2024. To that end, Qualcomm said it is investing $200 million annually to target long-term markets.

qualcomm-5g-iot.png

Must read:

  • Guide to autonomous vehicles: What business leaders need to know
  • Research: Industries take a wait-and-see approach to autonomous transportation
  • Free PDF download: Autonomous vehicles in the enterprise
  • In the end, Qualcomm's growth strategy is to have more content and products within devices across multiple industries. It's a Qualcomm everywhere approach that revolves around more revenue per device, growing adjacent markets and becoming a player in AI, cloud and compute.  

    qualcomm-everywhere-strategy.png

    qualcomm-everywhere-strategy-2.png

    Related stories:

  • The Industrial Internet of Things: A guide to deployments, vendors and platforms
  • Survey: Industrial IoT deployment thriving
  • Free PDF download: The Rise of Industrial IoT
  • What is the IIoT? Everything you need to know about the Industrial Internet of Things