From 2013 to 2023, the total mobile cellular telephone subscriptions in Belgium, measured in units per hundred persons, exhibited a steadily increasing trend, with minor fluctuations. In 2023, the subscription level stood at 138.31 units per hundred persons. The period witnessed a peak growth of 7.1% in 2020, followed by a slight decline in 2022 by 3%. The year-on-year growth rebounded in 2023 by 1.78%. The 5-year CAGR up to 2023 has been moderately stable at 1.93%.
Looking forward, the forecasted data from 2024 to 2028 predicts a continued upward trend, culminating at 149.95 units per hundred persons by 2028. The projected 5-year CAGR for this period is expected to slow down slightly to 1.21%, indicating a more gradual growth rate. Overall, the future trend suggests a steady yet decelerating increase in mobile cellular subscriptions in Belgium.
Future trends to watch for include the impact of technological advancements, especially 5G adoption, on subscription rates and the potential market saturation that may temper growth.
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