Global Smartphone Market Growth 2024-2030

Global Smartphone Market Growth 2024-2030

Smartphones have become a basic necessity and an integral part of the lives of almost all individuals worldwide. A smartphone is a mobile phone that functions like a computer. It typically has a touchscreen interface, Internet access, and an OS that can run application software or apps that are integrated with Others devices and sensors to provide users information on a real-time basis. Smartphones can be used to perform applications, including making calls, instant messaging, taking pictures and videos, browsing the Internet, carrying out financial transactions, creating presentations, and analyzing data.

The global Smartphone market size is projected to grow from US$ 1741.2 million in 2023 to US$ 2523.9 million in 2030; it is expected to grow at a CAGR of 5.4% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Smartphone Industry Forecast” looks at past sales and reviews total world Smartphone sales in 2023, providing a comprehensive analysis by region and market sector of projected Smartphone sales for 2024 through 2030. With Smartphone sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smartphone industry.

This Insight Report provides a comprehensive analysis of the global Smartphone landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smartphone portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smartphone market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smartphone and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smartphone.

The USD 200-500 price segment accounted for the major smartphone market share. Factors such as the availability of smartphones with high quality and performance on par with the flagship smartphones will contribute to the growth of this industry segment in the coming years. The increasing preference for smartphones in this segment and the growing investments of smartphone OEMs in this price segment will also boost the market segment’s growth in this global market.

This report presents a comprehensive overview, market shares, and growth opportunities of Smartphone market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Android
iOS
Windows Phone

Segmentation by application
Children
Adults
The Old

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Apple
Samsung
Huawei
OPPO
Vivo
Xiaomi
Lenovo
LG Electronics
Sony
ZTE
ASUSTeK Computer
BlackBerry
Gionee Communication Equipment
Google
Micromax
Microsoft
Nokia
OnePlus
Panasonic

Key Questions Addressed in this Report

What is the 10-year outlook for the global Smartphone market?

What factors are driving Smartphone market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Smartphone market opportunities vary by end market size?

How does Smartphone break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.