Smartphone Market- Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027, Segmented By Operating System (Android, iOS, and Others (Microsoft, Blackberry, etc.), By Display Technology (LCD, OLED, AMOLED and Others (FHD+, LCD+FHD, etc.), By Distribution Channel (Multi-brand store, Exclusive Store, Online and Others), By Region

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Summary

Report Description

The global smartphone market is expected to reach USD809.95 billion by 2027F, with a CAGR of 8.33% during the forecast period. The global smartphone market is mainly driven by three factors: the population in urban areas, the increasing replacement market, and increasing technological advancements. The smartphone is one of those electronic gadgets that everyone around the globe needs, and after the pandemic, the need for smartphones has increased rapidly.

The global smartphone market is vast, and it is the market that has the highest number of innovations. Every market leader wants to provide new and innovative smartphones to their users. The smartphone can be segmented into Android, iOS, and others based on operating systems. With the emergence of the e-commerce business and rising internet penetration rates worldwide, manufacturers now have new ways to reach their customers. The online sales channel has enabled businesses to expand their distribution reach and serve customers in even the most remote areas, supporting the global smartphone market's growth. One of the primary drivers of the global smartphone market is rising GDP per capita income. It denotes increased consumer purchasing power and a higher standard of living. With rising GDP per capita income worldwide, demand for smartphones is expected to rise during the forecast period.

During COVID-19, the sales of smartphones decreased as many countries were on lockdown, and the global supply chain was not functioning. During this time, many companies stated that they faced a decrease in the volume of smartphones sold as there was low demand during the first two quarters of 2020, but in the second half of the year, the smartphone industry started rising at a prolonged rate.

Increasing Online Sales Drives the Market Growth

Online sales increased in 2020 due to different types of lockdown and social distancing practices. Offline-first companies like Samsung, Vivo, and OPPO have expanded their online presence. Smartphone manufacturers have extended their online presence on e-commerce sites such as Amazon, E-bay, etc. Customers opted to purchase mobile phones through the internet. Xiaomi introduced 'Mi on Wheels' to boost sales through offline channels and rural areas. Many firms created unique promos and loyalty schemes like "Smart Upgrade" to retain and grow their user base.'

Enhanced Specification at Astonishing Prices is Fueling the Market Growth

Due to a drop in phone demand and consumer confidence, smartphone firms fought tooth and nail to entice users, particularly in the budget class, with dazzling displays, sophisticated camera setups, and high-end capabilities. Users in the mid-tier and budget pricing sectors are genuinely spoiled for choice and no longer have to sacrifice functionality.

Availability of 5G Services Drives the Market Growth

5G services are now extensively available throughout Europe, and in most cases, there is no additional charge on top of current rates. Although 5G handsets were accessible before 5G services, the two rapidly caught up, with mature geographies (such as northern Europe) experiencing the most uptake. Brands will continue to strive for novel 5G use cases, while 4G handset prices will likely erode swiftly, or the devices will withdraw from the company's portfolio like Apple. The legacy network shutdown will drive the adoption of 4G and 5G hybrid phones (smart feature phones) and new operating systems that cater to niche segments like the elderly and rugged devices.

Increase in Usage of Smartphone fuels the Market Growth

The pandemic has created a new routine and changed people's lives worldwide. The coronavirus pandemic has proven our dependence on smartphones, whether through e-learning, the shift to online purchases, or higher content intake due to increased social isolation. The industry's recovery in the second half of 2020 emphasizes the significance of electronics in our daily lives. Almost all smartphone manufacturers capitalize on this trend by offering phones with improved specifications and appealing features at a low price.


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Market Segmentation

The global smartphone market is segmented based on operating system, display technology, distribution channel, region, and competitional landscape. Based on the operating system the market is segmented into android. iOS and others. Based on display technology, the market is categorized into LCD, OLED, AMOLED, and others. Based on distribution channel, the market is segmented into multi-brand store, exclusive store, online and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Asia-Pacific, North America, South America, Europe, and Middle East & Africa. In terms of country, the United States Smartphone market is forecast to grow at a faster rate and is expected to reach around USD139.33 billion during the forecast period.

Company Profiles

Apple Inc, Samsung Electronics Co., Ltd., Xiaomi Communications Co., Ltd., Vivo Mobile Communication Co., Ltd., Guangdong Oppo Mobile Telecommunications Corp., Ltd., Huawei Technologies Co., Ltd., Motorola Mobility LLC, Realme Chongqing Mobile Telecommunications Corp., Ltd., Tecno Mobile Ltd., LG Electronics, and others are among the major market players in the smartphone industry that led the market growth of the global smartphone market.

Attribute

Details

Market Size Value in FY2021

USD507.01 Billion

Revenue Forecast in FY2027F

USD809.95 Billion

Growth Rate

8.33%

US Revenue Forecast in 2027

USD139.33 Billion

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022E

Forecast Period

2023– 2027F

Quantitative Units

Revenue in USD Billion, Volume in Million Units and CAGR for 2017-2021 and 2022-2027F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Operating System

·         Display Technology

·         Distribution Channel

·         Region

·         Company

Regional Scope

Asia-Pacific, North America, South America, Europe, Middle East & Africa

Key Companies Profiled

Apple Inc, Samsung Electronics Co., Ltd., Xiaomi Communications Co., Ltd., Vivo Mobile Communication Co., Ltd., Guangdong Oppo Mobile Telecommunications Corp., Ltd., Huawei Technologies Co., Ltd., Motorola Mobility LLC, Realme Chongqing Mobile Telecommunications Corp., Ltd., Tecno Mobile Ltd., LG Electronics, etc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

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Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, global smartphone market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Global Smartphone Market, By Operating System:

§  Android

§  iOS

§  Others

·         Global Smartphone Market, By Display Technology:

§  LCD

§  OLED

§  AMOLED

§  Others

    •       Global Smartphone Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  South Korea

o   North America

§  United States

§  Mexico

§  Canada

o   Europe

§  United Kingdom

§  Russia

§  Italy

§  France

§  Germany

o   Middle East & Africa

§  Nigeria

§  Saudi Arabia

§  South Africa

§  UAE

o   South America

§  Brazil

§  Argentina

§  Colombia

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global smartphone market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Smartphone Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Brand Preference

5.3.  Factor Affecting while purchasing of smartphone

5.4.  Sources of Information

6.    Global Smartphone Market outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Operating System (Android, iOS, and others)

6.2.2.    By Display Technology (LCD, OLED, AMOLED, and Others)

6.2.3.    By Distribution Channel (Multi-brand Store, Exclusive Store, Online and Others)

6.2.4.    Region

6.2.5.    By Company (2021)

7.    Asia-Pacific Smartphone Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Operating System

7.2.2.    By Display Technology

7.2.3.    By Distribution Channel

7.2.4.    By Country

7.2.4.1.        China Smartphone Market Outlook

7.2.4.1.1.           Market Size & Forecast

7.2.4.1.1.1.               By Value & Volume

7.2.4.1.2.           Market Share & Forecast

7.2.4.1.2.1.               By Operating System

7.2.4.1.2.2.               By Display Technology

7.2.4.1.2.3.               By Distribution Channel

7.2.4.2.        India Smartphone Market Outlook

7.2.4.2.1.           Market Size & Forecast

7.2.4.2.1.1.               By Value & Volume

7.2.4.2.2.           Market Share & Forecast

7.2.4.2.2.1.               By Operating System

7.2.4.2.2.2.               By Display Technology

7.2.4.2.2.3.               By Distribution Channel

7.2.4.3.        Japan Smartphone Market Outlook

7.2.4.3.1.           Market Size & Forecast

7.2.4.3.1.1.               By Value & Volume

7.2.4.3.2.           Market Share & Forecast

7.2.4.3.2.1.               By Operating System

7.2.4.3.2.2.               By Display Technology

7.2.4.3.2.3.               By Distribution Channel

7.2.4.4.        Indonesia Smartphone Market Outlook

7.2.4.4.1.           Market Size & Forecast

7.2.4.4.1.1.               By Value & Volume

7.2.4.4.2.           Market Share & Forecast

7.2.4.4.2.1.               By Operating System

7.2.4.4.2.2.               By Display Technology

7.2.4.4.2.3.               By Distribution Channel

7.2.4.5.        South Korea Smartphone Market Outlook

7.2.4.5.1.           Market Size & Forecast

7.2.4.5.1.1.               By Value & Volume

7.2.4.5.2.           Market Share & Forecast

7.2.4.5.2.1.               By Operating System

7.2.4.5.2.2.               By Display Technology

7.2.4.5.2.3.               By Distribution Channel

8.    North America Smartphone Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Operating System

8.2.2.    By Display Technology

8.2.3.    By Distribution Channel

8.2.4.    By Country

8.2.4.1.        United States Smartphone Market Outlook

8.2.4.1.1.           Market Size & Forecast

8.2.4.1.1.1.               By Value & Volume

8.2.4.1.2.           Market Share & Forecast

8.2.4.1.2.1.               By Operating System

8.2.4.1.2.2.               By Display Technology

8.2.4.1.2.3.               By Distribution Channel

8.2.4.2.        Mexico Smartphone Market Outlook

8.2.4.2.1.           Market Size & Forecast

8.2.4.2.1.1.               By Value & Volume

8.2.4.2.2.           Market Share & Forecast

8.2.4.2.2.1.               By Operating System

8.2.4.2.2.2.               By Display Technology

8.2.4.2.2.3.               By Distribution Channel

8.2.4.3.        Canada Smartphone Market Outlook

8.2.4.3.1.           Market Size & Forecast

8.2.4.3.1.1.               By Value & Volume

8.2.4.3.2.           Market Share & Forecast

8.2.4.3.2.1.               By Operating System

8.2.4.3.2.2.               By Display Technology

8.2.4.3.2.3.               By Distribution Channel

9.    Europe Smartphone Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Operating System

9.2.2.    By Display Technology

9.2.3.    By Distribution Channel

9.2.4.    By Country

9.2.4.1.        United Kingdom Smartphone Market Outlook

9.2.4.1.1.           Market Size & Forecast

9.2.4.1.1.1.               By Value & Volume

9.2.4.1.2.           Market Share & Forecast

9.2.4.1.2.1.               By Operating System

9.2.4.1.2.2.               By Display Technology

9.2.4.1.2.3.               By Distribution Channel

9.2.4.2.        Russia Smartphone Market Outlook

9.2.4.2.1.           Market Size & Forecast

9.2.4.2.1.1.               By Value & Volume

9.2.4.2.2.           Market Share & Forecast

9.2.4.2.2.1.               By Operating System

9.2.4.2.2.2.               By Display Technology

9.2.4.2.2.3.               By Distribution Channel

9.2.4.3.        Italy Smartphone Market Outlook

9.2.4.3.1.           Market Size & Forecast

9.2.4.3.1.1.               By Value & Volume

9.2.4.3.2.           Market Share & Forecast

9.2.4.3.2.1.               By Operating System

9.2.4.3.2.2.               By Display Technology

9.2.4.3.2.3.               By Distribution Channel

9.2.4.4.        France Smartphone Market Outlook

9.2.4.4.1.           Market Size & Forecast

9.2.4.4.1.1.               By Value & Volume

9.2.4.4.2.           Market Share & Forecast

9.2.4.4.2.1.               By Operating System

9.2.4.4.2.2.               By Display Technology

9.2.4.4.2.3.               By Distribution Channel

9.2.4.5.        Germany Smartphone Market Outlook

9.2.4.5.1.           Market Size & Forecast

9.2.4.5.1.1.               By Value & Volume

9.2.4.5.2.           Market Share & Forecast

9.2.4.5.2.1.               By Operating System

9.2.4.5.2.2.               By Display Technology

9.2.4.5.2.3.               By Distribution Channel

10. Middle East & Africa Smartphone Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Operating System

10.2.2. By Display Technology

10.2.3. By Distribution Channel

10.2.4. By Country

10.2.4.1.     Nigeria Smartphone Market Outlook

10.2.4.1.1.         Market Size & Forecast

10.2.4.1.1.1.            By Value & Volume

10.2.4.1.2.         Market Share & Forecast

10.2.4.1.2.1.            By Operating System

10.2.4.1.2.2.            By Display Technology

10.2.4.1.2.3.            By Distribution Channel

10.2.4.2.     Saudi Arabia Smartphone Market Outlook

10.2.4.2.1.         Market Size & Forecast

10.2.4.2.1.1.            By Value & Volume

10.2.4.2.2.         Market Share & Forecast

10.2.4.2.2.1.            By Operating System

10.2.4.2.2.2.            By Display Technology

10.2.4.2.2.3.            By Distribution Channel

10.2.4.3.     South Africa Smartphone Market Outlook

10.2.4.3.1.         Market Size & Forecast

10.2.4.3.1.1.            By Value & Volume

10.2.4.3.2.         Market Share & Forecast

10.2.4.3.2.1.            By Operating System

10.2.4.3.2.2.            By Display Technology

10.2.4.3.2.3.            By Distribution Channel

10.2.4.4.     UAE Smartphone Market Outlook

10.2.4.4.1.         Market Size & Forecast

10.2.4.4.1.1.            By Value & Volume

10.2.4.4.2.         Market Share & Forecast

10.2.4.4.2.1.            By Operating System

10.2.4.4.2.2.            By Display Technology

10.2.4.4.2.3.            By Distribution Channel

11.  South America Smartphone Market Outlook

11.1.             Market Size & Forecast        

11.1.1. By Value & Volume

11.2.             Market Share & Forecast

11.2.1. By Operating System

11.2.2. By Display Technology

11.2.3. By Distribution Channel

11.2.4. By Country

11.2.4.1.     Brazil Smartphone Market Outlook

11.2.4.1.1.         Market Size & Forecast

11.2.4.1.1.1.            By Value & Volume

11.2.4.1.2.         Market Share & Forecast

11.2.4.1.2.1.            By Operating System

11.2.4.1.2.2.            By Display Technology

11.2.4.1.2.3.            By Distribution Channel

11.2.4.2.     Argentina Smartphone Market Outlook

11.2.4.2.1.         Market Size & Forecast

11.2.4.2.1.1.            By Value & Volume

11.2.4.2.2.         Market Share & Forecast

11.2.4.2.2.1.            By Operating System

11.2.4.2.2.2.            By Display Technology

11.2.4.2.2.3.            By Distribution Channel

11.2.4.3.     Colombia Smartphone Market Outlook

11.2.4.3.1.         Market Size & Forecast

11.2.4.3.1.1.            By Value & Volume

11.2.4.3.2.         Market Share & Forecast

11.2.4.3.2.1.            By Operating System

11.2.4.3.2.2.            By Display Technology

11.2.4.3.2.3.            By Distribution Channel

12. Market Dynamics

12.1.Drivers

12.2.Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1.             Company Profiles

14.1.1. Apple Inc

14.1.2. Samsung Electronics Co., Ltd.

14.1.3. Xiaomi Communications Co., Ltd.

14.1.4. Vivo Mobile Communication Co., Ltd.

14.1.5. Guangdong Oppo Mobile Telecommunications Corp., Ltd.

14.1.6. Huawei Technologies Co., Ltd.

14.1.7. Motorola Mobility LLC.

14.1.8. Realme Chongqing Mobile Telecommunications Corp., Ltd.

14.1.9. Tecno Mobile Ltd.

14.1.10.    LG Electronics

15. Strategic Recommendations

Figures and Tables

Figure 1: Global Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 2: Global Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 3: Global Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 4: Global Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 5: Global Smartphone Market Share, By Region, By Value, 2017-2027F

Figure 6: Global Smartphone Market Share, By Company, By Value, 2021

Figure 7: Asia-Pacific Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 8: Asia-Pacific Smartphone Market Size, By Operating System, By Value (USD Billion), 2017-2027F

Figure 9: Asia-Pacific Smartphone Market Share, By Display System, By Value, 2017-2027F

Figure 10: Asia-Pacific Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 11: Asia-Pacific Smartphone Market Share, By Country, By Value, 2017-2027F

Figure 12: China Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 13: China Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 14: China Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 15: China Smartphone Market Share, By Distribution System, By Value, 2017-2027F

Figure 16: India Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 17: India Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 18: India Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 19: India Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 20: Japan Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 21: Japan Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 22: Japan Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 23: Japan Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 24: Indonesia Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 25: Indonesia Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 26: Indonesia Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 27: Indonesia Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 28: South Korea Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 29: South Korea Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 30: South Korea Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 31: South Korea Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 32: North America Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 33: North America Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 34: North America Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 35: North America Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 36: North America Smartphone Market Share, By Country, By Value, 2017-2027F

Figure 37: United States Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 38: United States Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 39: United States Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 40: United States Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 41: Mexico Smartphone Market Size, By Value (USD Billion), By Volume (Billion Units), 2017-2027F

Figure 42: Mexico Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 43: Mexico Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 44: Mexico Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 45: Canada Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 46: Canada Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 47: Canada Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 48: Canada Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 49: Europe Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 50: Europe Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 51: Europe Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 52: Europe Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 53: Europe Smartphone Market Share, By Country, By Value, 2017-2027F

Figure 54: United Kingdom Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 55: United Kingdom Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 56: United Kingdom Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 57: United Kingdom Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 58: Russia Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 59: Russia Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 60: Russia Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 61: Russia Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 62: Italy Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 63: Italy Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 64: Italy Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 65: Italy Smartphone Market Share, Distribution System, By Value, 2017 & 2027F

Figure 66: France Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 67: France Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 68: France Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 69: France Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 70: Germany Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 71: Germany Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 72: Germany Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 73: Germany Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 74: Middle East & Africa Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 75: Middle East & Africa Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 76: Middle East & Africa Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 77: Middle East & Africa Smartphone Market Share, By Distribution System, By Value, 2017-2027F

Figure 78: Middle East & Africa Smartphone Market Share, By Country, By Value, 2017-2027F

Figure 79: Nigeria Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 80: Nigeria Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 81: Nigeria Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 82: Nigeria Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 83: Saudi Arabia Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 84: Saudi Arabia Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 85: Saudi Arabia Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 86: Saudi Arabia Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 87: South Africa Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 88: South Africa Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 89: South Africa Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 90: South Africa Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 91: UAE Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 92: UAE Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 93: UAE Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 94: UAE Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 95: South America Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 96: South America Smartphone Market Share, By Operating System, By Value, 2021-2027F

Figure 97: South America Smartphone Market Share, By Display Technology, By Value, 2021-2027F

Figure 98: South America Smartphone Market Share, By Distribution Channel, By Value, 2021-2027F

Figure 99: South America Smartphone Market Share, By Country, By Value, 2017-2027F

Figure 100: Brazil Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 101: Brazil Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 102: Brazil Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 103: Brazil Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 104: Argentina Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 105: Argentina Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 106: Argentina Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 107: Argentina Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 108: Colombia Smartphone Market Size, By Value (USD Billion), By Volume (Million Units), 2017-2027F

Figure 109: Colombia Smartphone Market Share, By Operating System, By Value, 2017-2027F

Figure 110: Colombia Smartphone Market Share, By Display Technology, By Value, 2017-2027F

Figure 111: Colombia Smartphone Market Share, By Distribution Channel, By Value, 2017-2027F

Frequently asked questions

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Global Smartphone market was valued at USD809.95 billion in 2027 and is anticipated to grow at a CAGR of 8.33% in the forecast period on account of increasing GDP per capita income of the consumers, product innovations, technology advancement and rising online sales.

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In terms of region, the global smartphone market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa and South America. Among which, the Asia-Pacific region has dominated the market with the market share of around 42% in 2021 and will continue to remain its dominance during the forecast period. Smartphones are in high demand in countries with large populations, such as China, Japan, and India. Changing consumer preferences for innovative new smartphones and a growing market for 5G products drive the market.

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The COVID-19 pandemic outbreak caused damage to many industries, including smartphone sales. The pandemic severely harmed the electronics product manufacturing industry, and the world is currently experiencing a severe shortage of semiconductor components and chips. The pandemic has made it extremely difficult to meet the increased demand for electronics. Smartphone shipments fell in 2020, owing primarily to the impact of COVID-19. Due to travel restrictions, smartphone manufacturers could not source the necessary labor for their operations, and industries in China and other developing countries around the world were forced to close.

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The top 10 players in the smartphone market are Apple Inc, Samsung Electronics Co., Ltd. Xiaomi Communications Co., Ltd, vivo Mobile Communication Co., Ltd., Guangdong Oppo Mobile Telecommunications Corp., Ltd, Huawei Technologies Co., Ltd., Motorola Mobility LLC., Realme Chongqing Mobile Telecommunications Corp., Ltd., Tecno Mobile Ltd., LG Electronics.

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Parvati Sharma

Account Manager BD
Press Release

The Smartphone Market to Grow at a CAGR of 8.33% During the Forecast Period

Jun, 2022

Increasing GDP per capita income and technological advancements are expected to drive the growth of the global smartphone market.

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