Intelligent Mobile Phone
Intelligent mobile phone is an indispensable consumer electronic product for contemporary people's daily work and life. In addition to the communication function of traditional phones, it also integrates many functions such as the Internet, camera, entertainment, office, navigation, storage and so on through independent operating systems. It is an important terminal platform for personal information life. NdFeB permanent magnetic materials are required for the production of many components of smart phones, such as color screens, cameras, vibration motors, circuit boards, processors, and functional components such as wireless charging.
On June 6, 2019, the Ministry of Industry and Information Technology officially issued a 5G commercial license, marking the first commercial year of 5G in China. In August of the same year, the first 5G mobile phone in China was officially launched. Under the strong demand of consumers for 5G mobile phones, the market share of 5G smart phones in China continues to increase rapidly. According to the data of CINNO Research, the sales of 5G smart phones in China will account for 41% in 2020, and it is estimated that the market penetration rate of 5G smart phones in China will reach 96% by 2024.
In 2021, with the control of the epidemic and the gradual recovery of the economy, the global smartphone shipments will resume positive growth under the strong demand of 5G upgrading. According to the data released by Gartner, the market research institution, the global smartphone sales will be 1.434 billion units in 2021, with a year-on-year growth of 6%. Counterpoint Research, a market research organization, pointed out that in 2021, 5G smart phones will account for more than 40% of the global smartphone shipments. In January 2022, the global 5G smart phone sales will account for 51% of all smart phone sales, more than half of which will be the first time in history, with a significant growth. Therefore, with the increasing penetration rate of 5G mobile phones, the demand for NdFeB in the smartphone field is expected to further increase.