are projected to capture a growing slice of the global market over the next two years. On Tuesday, researchers at Gartner said they expect to see account for 12% of mobile phone shipments worldwide in 2020, increasing to 43% by 2022 as and 5G coverage zones expand.
If those projections are accurate, the overall phone market would grow by 1.7% in 2020, a recovery from the 2% decline seen in smartphone shipments through 2019. are expected to drive increases in the next year, according to Gartner.
"2020 will witness a slight market recovery," Gartner research senior director Ranjit Atwal said in a release. "Increased availability of 5G handsets will boost mobile phone replacements, which will lead global device shipments to return to growth in 2020."
5G promises to significantly boost the speed, coverage and responsiveness of wireless networks, and it could have major implications for how we live. The next-generation networks are finally live in the US, but they're not perfect. The biggest drawbacks of 5G today areand .
By 2023, 5G handsets will account for 50% of all mobile phones shipped, Atwal said.
Originally published Jan. 21.
Update, Jan. 22: Adds more background on 5G.