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We rely on machines to ensure water comes out of our faucets, heat our homes and businesses, fill our cars with petrol or electricity, construct and maintain roads, transport people and goods, provide medical images, and manufacturing more machines. billion by 2027. 2 Taking a much longer view, $3.5 trillion by 2050. trillion by 2050.
Apple was one of the first manufacturers to test the appetite for 5G in 2020 by offering its newest iPhone with 5G compatibility. By 2027, the final year covered in the report, 155 million units are expected to ship, representing a compound annual growth rate (CAGR) of 7.4%.
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