Pune, India, April 26, 2022 (GLOBE NEWSWIRE) -- The global smartphone market size was pegged at USD 457.18 billion in 2021. The market is expected to rise from USD 484.81 billion in 2022 to USD 792.51 billion by 2029 at a 7.3% CAGR during the forecast period. The penetration of 5G network and AI will encourage leading companies to invest in the telecom sector. With a shift towards cloud storage, high-speed network and content subscription, major players could boost their portfolios across developed and developing economies.
Key Industry Development
August 2021: OPPO rolled out next-generation technology, under-screen camera (USC), for mobile handsets.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/smartphone-market-100308
| Report Coverage | Details |
| Forecast Period | 2022-2029 |
| Forecast Period 2022 to 2029 CAGR | 7.3% |
| 2029 Value Projection | USD 792.51 billion |
| Base Year | 2021 |
| Market Size in 2021 | USD 457.18 billion |
| Historical Data for | 2018-2020 |
| No. of Pages | 150 |
| Segments covered | Operating System, Distribution Channel, Geography |
| Smartphone Market Drivers | Increasing Adoption of Human-System Interaction to Bolster the Market Growth |
| Ever-growing Demand for 5G-Compatible Smartphone to Add Impetus |
Market Growth Drivers:
Trend for Digitization to Drive Innovation
Stakeholders anticipate the expansion of connectivity solutions to foster smartphone market growth during the forecast period. The trend for mobile phone connectivity has become pronounced across healthcare devices, fleet management operations, automobiles, infrastructure security systems and smart metering. Besides, governments and other stakeholders are likely to inject funds into digitization, prompting smartphone manufacturers to bolster their portfolios. Notably, in April 2021, Apple, Inc. announced an investment of around USD 430.00 billion to bolster 5G technology and silicon engineering in the U.S to underpin American innovation strategies for the next 5-years.
Click here to get the short-term and long-term impact of COVID-19 on this Market: https://www.fortunebusinessinsights.com/industry-reports/smartphone-market-100308
Smartphone Market Segments Analysis
Based on the operating system, the market is segmented into iOS, android, windows and others.
In terms of the distribution channel, the industry is segregated into e-commerce, retailer and OEMs stores.
On the basis of region, the market is segmented into Asia Pacific, North America, Europe, South America and the Middle East and Africa.
Global Smartphone Market Segmentation:
By Operating System
- Android
- iOS
- Windows
- Others (Linux)
By Distribution Channel
- OEMs stores
- Retailer
- E-commerce
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
Smartphone Market Regional Insights:
Expanding Telecom Sector to Foster Asia Pacific Market
Leading companies anticipate China, India and Australia to provide promising growth opportunities in the telecom sector. Bullish investments in the smartphone will remain a catalyst in driving the penetration of IoT and 5G. Leading companies are likely to launch innovative products in the ensuing period. In January 2022, Vivo Mobile Communication Co., Ltd rolled out ‘V23 and V23 Pro’ in India and termed India’s 1st color-changing smartphone.
North America smartphone market share will garner a substantial uptick in the wake of presence of leading companies across the U.S. and Canada. To illustrate, in November 2021, Huawei Device Co., Ltd. asserted that it was contemplating releasing mobile handsets across Canada to offer better customer services. It is worth noting that the rising footfall of the e-commerce sector will remain instrumental in fostering product adoption.
Industry participants envisage Europe as a happy hunting ground owing to the investments in the automotive and telecom sectors. Specifically, in July 2020, SAMSUNG joined hands with the German Federal Office for Information Security (BSI), Bundesdruckerei (bdr) and Deutsche Telekom Security GmbH to develop a hardware-based security architecture. Bullish strategies are likely to be pronounced with major companies likely to prioritize technological advancements.
Quick Buy: Smartphone Market Research Report:
https://www.fortunebusinessinsights.com/checkout-page/100308
Key companies profiled in the market are:
- Apple Inc. (U.S.)
- SAMSUNG (South Korea)
- Oppo (China)
- Huawei Device Co., Ltd. (China)
- OnePlus (China)
- Sony Group Corporation (Japan)
- Xiaomi (China)
- HTC Corporation (Taiwan)
- Google LLC (U.S.)
- ZTE Corporation (China)
Table of Content:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Smartphone Market Trends, Drivers, Restraints and Opportunities
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Smartphone Key Players Market Share Insights and Analysis, 2021
- Global Smartphone Market Share Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- Key Findings
- By Operation System (USD)
- Android
- iOS
- Windows
- Others (Linux and Others)
- By Distribution Channel (USD)
- OEM
- Retailer
- E-commerce
- By Region (USD)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Smartphone Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Operation System (USD)
- Android
- iOS
- Windows
- Others (Linux and Others)
- By Distribution Channel (USD)
- OEM
- Retailer
- E-commerce
- By Country (USD)
- U.S.
- Canada
- Mexico
- Europe Smartphone Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Operation System (USD)
- Android
- iOS
- Windows
- Others (Linux and Others)
- By Distribution Channel (USD)
- OEM
- Retailer
- E-commerce
- By Country (USD)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
TOC Continued…!
Have Any Query? Ask Our Experts:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/smartphone-market-100308
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pt. Ltd.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
