Smartphone Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Smartphone Market
The global smartphone market size was valued at USD 457.18 billion in 2021 and is projected to grow from USD 484.81 billion in 2022 to USD 792.51 billion by 2029, exhibiting a CAGR of 7.3% during the forecast period of 2022-2029.
The pandemic affected the telephone market by inflicting initial manufacturing declines due to supply chain disruptions and manufacturing unit closures. However, it additionally spurred demand as purchasers sought gadgets for far-off paintings and online learning. This shift caused elevated innovation and faster recovery as manufacturers tailored to changing patron needs, impeding the smartphone market growth.
Driving factors for the phone marketplace include technological improvements like 5G connectivity, progressed digital capabilities, and the rising call for cellular programs. Increasing disposable incomes, urbanization, and the shift toward far-flung work propel market boom and smartphone adoption.
Foldable and flexible smartphones are revolutionizing the cellular tool market by presenting progressive designs and more desirable capabilities. These gadgets may be folded or opened up, remodeling from a telephone right into a pill, providing an extra flexible personal experience, and expanding the smartphone market share globally. This revolutionary form allows large displays and accelerated multitasking, enhancing customer productivity and amusement options.
Comprehensive Analysis of Smartphone Market
The phone market is segmented via running gadgets and distribution channels. The running structures include Android, iOS, Windows, and others, with iOS anticipated to grow swiftly due to rising demand for Apple gadgets, particularly amongst young clients in developing international locations. Android holds the most significant market proportion due to its customizable interface, while Windows and others face gradual growth. Regarding distribution channels, e-commerce is projected to have the highest CAGR, fueled by increased online shopping and cell commerce. OEMs are expanding direct stores, even though the pandemic initially affected this growth, and outlets are holding on to play a vital function, specifically in developing areas.
The Asia Pacific region led the smartphone market by benefitting a size of USD 197.15 billion in 2021 due to the rapidly advancing telecom area and an enormous consumer base, which is why this growth is.
The leading players in the smartphone market significantly influence its growth trajectory and establish industry standards. Key companies such as 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.), and ZTE Corporation (China) contribute to a highly competitive landscape, driving innovation and market advancement.
In August 2023, Samsung launched the progressive foldable smartphones, the ‘Galaxy Z Flip3 5G’ and ‘Galaxy Z Fold3 5G.’ Featuring an iconic design, both gadgets comprise the flagship era, presenting users with a different experience for work, play, and enjoyment.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018 – 2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022 – 2029
Historical Period 2018 – 2020
Unit Value (USD billion) and Volume (Bn Units)
Segmentation Operating System, Distribution Channel and Region
By Operating System Android
iOS
Windows
Others (Linux)
By Distribution Channel OEMs stores
Retailer
E-commerce
By Region North America (By Operating System, Distribution Channel and Country)
U.S. (By Distribution channel)
Canada (By Distribution channel)
Mexico (By Distribution channel)
Europe (By Operating System, Distribution Channel and Country)
U.K. (By Distribution channel)
Germany (By Distribution channel)
France (By Distribution channel)
Italy (By Distribution channel)
Rest of Europe
Asia Pacific (By Operating System, Distribution Channel and Country)
China (By Distribution channel)
Japan (By Distribution channel)
India (By Distribution channel)
Taiwan (By Distribution channel)
South Korea (By Distribution channel)
ASEAN (By Distribution channel)
Rest of Asia Pacific
Middle East and Africa (By Operating System, Distribution Channel and Country)
South Africa (By Distribution channel)
GCC (By Distribution channel)
Rest of Middle East and Africa
South America (By Operating System, Distribution Channel and Country)
Brazil (By Distribution channel)
Argentina (By Distribution channel)
Rest of South America
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Smartphone Key Players Market Share Insights and Analysis, 2021
- 5. Global Smartphone Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- 5.1. Key Findings
- 5.2. By Operation System (USD)
- 5.2.1. Android
- 5.2.2. iOS
- 5.2.3. Windows
- 5.2.4. Others (Linux and Others)
- 5.3. By Distribution Channel (USD)
- 5.3.1. OEM
- 5.3.2. Retailer
- 5.3.3. E-commerce
- 5.4. By Region (USD)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Middle East & Africa
- 5.4.5. South America
- 6. North America Smartphone Market Size Estimates and Forecasts, By Segments, 2018-2029
- 6.1. Key Findings
- 6.2. By Operation System (USD)
- 6.2.1. Android
- 6.2.2. iOS
- 6.2.3. Windows
- 6.2.4. Others (Linux and Others)
- 6.3. By Distribution Channel (USD)
- 6.3.1. OEM
- 6.3.2. Retailer
- 6.3.3. E-commerce
- 6.4. By Country (USD)
- 6.4.1. U.S.
- 6.4.1.1. By Distribution Channel
- 6.4.2. Canada
- 6.4.2.1. By Distribution Channel
- 6.4.3. Mexico
- 6.4.3.1. By Distribution Channel
- 7. Europe Smartphone Market Size Estimates and Forecasts, By Segments, 2018-2029
- 7.1. Key Findings
- 7.2. By Operation System (USD)
- 7.2.1. Android
- 7.2.2. iOS
- 7.2.3. Windows
- 7.2.4. Others (Linux and Others)
- 7.3. By Distribution Channel (USD)
- 7.3.1. OEM
- 7.3.2. Retailer
- 7.3.3. E-commerce
- 7.4. By Country (USD)
- 7.4.1. U.K.
- 7.4.1.1. By Distribution Channel
- 7.4.2. Germany
- 7.4.2.1. By Distribution Channel
- 7.4.3. France
- 7.4.3.1. By Distribution Channel
- 7.4.4. Italy
- 7.4.4.1. By Distribution Channel
- 7.4.5. Spain
- 7.4.5.1. By Distribution Channel
- 7.4.6. Russia
- 7.4.6.1. By Distribution Channel
- 7.4.7. Benelux
- 7.4.7.1. By Distribution Channel
- 7.4.8. Nordics
- 7.4.8.1. By Distribution Channel
- 7.4.9. Rest of Europe
- 8. Asia Pacific Smartphone Market Size Estimates and Forecasts, By Segments, 2018-2029
- 8.1. Key Findings
- 8.2. By Operation System (USD)
- 8.2.1. Android
- 8.2.2. iOS
- 8.2.3. Windows
- 8.2.4. Others (Linux and Others)
- 8.3. By Distribution Channel (USD)
- 8.3.1. OEM
- 8.3.2. Retailer
- 8.3.3. E-commerce
- 8.4. By Country (USD)
- 8.4.1. China
- 8.4.1.1. By Distribution Channel
- 8.4.2. India
- 8.4.2.1. By Distribution Channel
- 8.4.3. Japan
- 8.4.3.1. By Distribution Channel
- 8.4.4. South Korea
- 8.4.4.1. By Distribution Channel
- 8.4.5. ASEAN
- 8.4.5.1. By Distribution Channel
- 8.4.6. Oceania
- 8.4.6.1. By Distribution Channel
- 8.4.7. Rest of Asia Pacific
- 9. Middle East & Africa Smartphone Market Size Estimates and Forecasts, By Segments, 2018-2029
- 9.1. Key Findings
- 9.2. By Operation System (USD)
- 9.2.1. Android
- 9.2.2. iOS
- 9.2.3. Windows
- 9.2.4. Others (Linux and Others)
- 9.3. By Distribution Channel (USD)
- 9.3.1. OEM
- 9.3.2. Retailer
- 9.3.3. E-commerce
- 9.4. By Country (USD)
- 9.4.1. Turkey
- 9.4.1.1. By Distribution Channel
- 9.4.2. Israel
- 9.4.2.1. By Distribution Channel
- 9.4.3. GCC
- 9.4.3.1. By Distribution Channel
- 9.4.4. North Africa
- 9.4.4.1. By Distribution Channel
- 9.4.5. South Africa
- 9.4.5.1. By Distribution Channel
- 9.4.6. Rest of MEA
- 10. South America Smartphone Market Size Estimates and Forecasts, By Segments, 2018-2029
- 10.1. Key Findings
- 10.2. By Operation System (USD)
- 10.2.1. Android
- 10.2.2. iOS
- 10.2.3. Windows
- 10.2.4. Others (Linux and Others)
- 10.3. By Distribution Channel (USD)
- 10.3.1. OEM
- 10.3.2. Retailer
- 10.3.3. E-commerce
- 10.4. By Country (USD)
- 10.4.1. Brazil
- 10.4.1.1. By Distribution Channel
- 10.4.2. Argentina
- 10.4.2.1. By Distribution Channel
- 10.4.3. Rest of South America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Apple Inc.
- 11.1.1. Overview
- 11.1.2. Offerings/Business Segments
- 11.1.3. Employee Size
- 11.1.4. Key Financials
- 11.1.5. Recent Developments
- 11.2. Samsung
- 11.2.1. Overview
- 11.2.2. Offerings/Business Segments
- 11.2.3. Employee Size
- 11.2.4. Key Financials
- 11.2.5. Recent Developments
- 11.3. Oppo
- 11.3.1. Overview
- 11.3.2. Offerings/Business Segments
- 11.3.3. Employee Size
- 11.3.4. Key Financials
- 11.3.5. Recent Developments
- 11.4. Huawei Device Co., Ltd.
- 11.4.1. Overview
- 11.4.2. Offerings/Business Segments
- 11.4.3. Employee Size
- 11.4.4. Key Financials
- 11.4.5. Recent Developments
- 11.5. OnePlus
- 11.5.1. Overview
- 11.5.2. Offerings/Business Segments
- 11.5.3. Employee Size
- 11.5.4. Key Financials
- 11.5.5. Recent Developments
- 11.6. Sony Group Corporation
- 11.6.1. Overview
- 11.6.2. Offerings/Business Segments
- 11.6.3. Employee Size
- 11.6.4. Key Financials
- 11.6.5. Recent Developments
- 11.7. Xiaomi
- 11.7.1. Overview
- 11.7.2. Offerings/Business Segments
- 11.7.3. Employee Size
- 11.7.4. Key Financials
- 11.7.5. Recent Developments
- 11.8. HTC Corporation
- 11.8.1. Overview
- 11.8.2. Offerings/Business Segments
- 11.8.3. Employee Size
- 11.8.4. Key Financials
- 11.8.5. Recent Developments
- 11.9. Google LLC
- 11.9.1. Overview
- 11.9.2. Offerings/Business Segments
- 11.9.3. Employee Size
- 11.9.4. Key Financials
- 11.9.5. Recent Developments
- 11.10. ZTE Corporation
- 11.10.1. Overview
- 11.10.2. Offerings/Business Segments
- 11.10.3. Employee Size
- 11.10.4. Key Financials
- 11.10.5. Recent Developments
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