According to the latest data from TrendForce, Huawei ranked on top of the table among the three major base station vendors, despite the US ban. The reason being a strong demand for Huawei’s equipment in the Chinese market.
As per the report, the Chinese and European telecommunications equipment vendors still account for more than 70% of the global share. The other two companies besides Huawei are Sweden’s Finland’s Nokia.
Huawei got a lot of support from China where the company has a strong demand and is comparatively low on cost.
At the press conference held by State Council Information Office on July 16, the spokesperson of the Ministry of Industry and Information Technology stated that China has built the world’s largest 5G independent networking network, with a total of 961,000 5G base stations opened. The number of 5G terminal connections is approximately 365 million.
Huawei was also a leading 5G vendor in Q1, 2021
Looking at Huawei’s 5G growth, the company has secured its top position in the global 5G market in the first quarter. While the overall Chinese brands have captured the overall lead position in deploying 5G.
There were different sectors to be compared and Huawei has done to its highest in all of them including the infrastructural ranking, NR shipments, revenue share, and other fields, this Chinese brand leads the party.
The 5G development in China is stunning and the first quarter report clearly shows that. After Q1 2021, China has completed a total of 819,000 5G base stations which accounts for around 70% of the global deployment 5G base stations.
In addition, Huawei is also continuously doing its research and development to expand 5G network at a high speed. Looking at its speed, this Chinese OEM may also capture the 5G global market in the Q2 as well.