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With a compound annual growth rate (CAGR) of 4.10% from 2022 to 2030, the global smartphone market size is predicted to be worth USD 520.13 billion in 2022 and up to USD 947.11 billion by 2030. Smartphones are a subclass of mobile phones that differ from feature phones in terms of hardware, software, and a number of mobile operating systems.
COVID-19 ANALYSIS
The Covid-19 outbreak has radically upset the balance between supply and demand in the smartphone market. Due to China's position as the primary worldwide production hub for the bulk of these devices and components, the state-wide closure has had a significant negative impact on the smartphone manufacturing sector by delaying shipments and hampering the development of next-generation products. Additionally, the nation's workforce, logistics networks, and supply chains are no longer accessible. In addition, as a result of the epidemic, consumers' willingness to spend less on luxury items and more on necessities has decreased demand for cellphones, particularly in the premium class.
MARKET TREND
Growing Smartphone Adoption in Emerging Markets Drives Market Growth
Due to the fact that urban residents are far more likely to own cellphones than rural residents, demand for smartphones has increased in industrialised nations. The incorporation of artificial intelligence (AI) technologies into multiple mobile devices has increased demand for smartphones. Major market leaders like Apple, Samsung, and Huawei are releasing powerful smartphone AI chips that can carry out up to 5 trillion operations per second while using a significant amount less power.
MARKET DRIVERS
Growth of 5G Networks Drives Global Smartphone Demand
Sales of smartphones are expected to rise as a result of the introduction of 4G LTE and 5G networks in a number of emerging countries. Many smartphone makers are focusing on the production of 5G handsets in order to meet the growing demand for 4G and 5G smartphones among tech-savvy consumers. As demand for 5G cellphones grows and sales volumes increase, it is likely that costs for 4G smartphones will decline.
Report Coverage
Global Smartphone research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Smartphone report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Smartphone competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Smartphone market players and analyses thxeir core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Smartphone market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Smartphone market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Apple Inc., SAMSUNG, Google LLC, Sony, BBK Electronics Corp. LTD, Huawei, Motorola (Lenovo), Nokia (HMD Global), LG Electronics, HTC Corporation, ASUS, Others
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Smartphone market based on the below-mentioned segments:
Global Smartphone Market, By Operating System
Global Smartphone market, By Price Range
Global Smartphone Market, By Distribution Channel
Global Smartphone market, Regional Analysis
COVID-19 ANALYSIS
The Covid-19 outbreak has radically upset the balance between supply and demand in the smartphone market. Due to China's position as the primary worldwide production hub for the bulk of these devices and components, the state-wide closure has had a significant negative impact on the smartphone manufacturing sector by delaying shipments and hampering the development of next-generation products. Additionally, the nation's workforce, logistics networks, and supply chains are no longer accessible. In addition, as a result of the epidemic, consumers' willingness to spend less on luxury items and more on necessities has decreased demand for cellphones, particularly in the premium class.
MARKET TREND
Growing Smartphone Adoption in Emerging Markets Drives Market Growth
Due to the fact that urban residents are far more likely to own cellphones than rural residents, demand for smartphones has increased in industrialised nations. The incorporation of artificial intelligence (AI) technologies into multiple mobile devices has increased demand for smartphones. Major market leaders like Apple, Samsung, and Huawei are releasing powerful smartphone AI chips that can carry out up to 5 trillion operations per second while using a significant amount less power.
MARKET DRIVERS
Growth of 5G Networks Drives Global Smartphone Demand
Sales of smartphones are expected to rise as a result of the introduction of 4G LTE and 5G networks in a number of emerging countries. Many smartphone makers are focusing on the production of 5G handsets in order to meet the growing demand for 4G and 5G smartphones among tech-savvy consumers. As demand for 5G cellphones grows and sales volumes increase, it is likely that costs for 4G smartphones will decline.
Report Coverage
Global Smartphone research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Smartphone report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Smartphone competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Smartphone market players and analyses thxeir core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Apple Inc., SAMSUNG, Google LLC, Sony, BBK Electronics Corp. LTD, Huawei, Motorola (Lenovo), Nokia (HMD Global), LG Electronics, HTC Corporation, ASUS, Others |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Smartphone Market from 2021 to 2030.
- Market Forecast for Smartphone Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Smartphone competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Smartphone
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Smartphone market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Smartphone market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Apple Inc., SAMSUNG, Google LLC, Sony, BBK Electronics Corp. LTD, Huawei, Motorola (Lenovo), Nokia (HMD Global), LG Electronics, HTC Corporation, ASUS, Others
Primary Target Market
- Market Players of Smartphone
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Smartphone market based on the below-mentioned segments:
Global Smartphone Market, By Operating System
- Android
- iOS
- Others
Global Smartphone market, By Price Range
- Low Range
- Medium Range
- Premium range
Global Smartphone Market, By Distribution Channel
- OEMs
- Retailers
- Online
Global Smartphone market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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