Global Smartphone Market Growth 2025-2031

The global Smartphone market size is predicted to grow from US$ 470730 million in 2025 to US$ 535710 million in 2031; it is expected to grow at a CAGR of 2.2% from 2025 to 2031.

A smartphone is a mobile device that combines cellular and mobile computing functions, equipped with an operating system that allows users to install and run various applications (apps). Smartphones typically have advanced features compared to basic mobile phones, including internet connectivity, touchscreens, GPS capabilities, and high-resolution cameras.

Smartphones have become an indispensable part of modern life, and the smartphone market continues to evolve with the continuous advancement of technology and changes in consumer demand.

5G Popularization: With the gradual popularization of 5G networks, smartphone sales are expected to increase significantly. 5G technology not only provides faster download speeds, but also supports lower latency and more stable connections, which will drive user demand for new smartphones.

Folding screens and new forms: The rise of folding screen phones has injected new vitality into the smartphone market. Such devices not only provide larger screen areas, but also enable more portable designs. In the future, more innovative forms of mobile phones may appear to meet the diverse needs of users.

High-performance and gaming phones: With the booming development of mobile games, consumers' demand for high-performance smartphones continues to increase. The design of gaming phones focuses on performance improvement, heat dissipation and display effects, attracting a large number of young users.

Ecosystem integration: Smartphones are gradually integrating into a wider ecosystem, such as smart homes, wearable devices, and car networking. The function of mobile phones as control centers will become increasingly stronger, which deserves investors' attention.

At the same time, the market is also facing many challenges.

Market saturation: Smartphone penetration in developed countries is close to saturation, and the frequency of user updates has decreased, resulting in a slowdown in the overall market growth rate. Brands need to find new users or encourage existing users to upgrade.

Price competition: Competition among brands is becoming increasingly fierce, and the emergence of low-priced mobile phones has put pressure on brands' profit margins. This has forced many brands to find a balance between cost and quality.

Technology update speed: Rapid technology updates may cause users to wait and see about upgrading, affecting market demand.

LP Information, Inc. (LPI) ' newest research report, the “Smartphone Industry Forecast” looks at past sales and reviews total world Smartphone sales in 2024, providing a comprehensive analysis by region and market sector of projected Smartphone sales for 2025 through 2031. 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.

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:
Below $200
$200 - $500
$500 - $1,000
Above $1,000

Segmentation by Application:
Direct Sales Channel
E-commerce and Retailer
Mobile Network Operator (MNO)
Others

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 analysing the company's coverage, product portfolio, its market penetration.
Apple (iPhone)
Samsung
Huawei
Xiaomi (including Xiaomi, Redmi)
OPPO (including OPPO, Realme, OnePlus)
Vivo
Honor
LG
HTC
ZTE
Transsion Holdings (including Tecno,Itel)
Google (Pixel)

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 by Type, by Application?

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