Global Mobile Phones industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume , and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
The mobile phones market includes mobile phone service revenues and average minutes of usage (MOU). Market values include revenues from mobile service providers and other members of the mobile service value chain for the provision of mobile telephony services, excluding revenues from the sale of devices. Market volumes cover prepaid and postpaid, which consist of prepaid average monthly MOU and postpaid average monthly MOU. Minutes of use are made up of the average of voice minutes used in mobile subscriptions, including both incoming and outgoing calls, but not including M2M/IoT voice services.
All market data and forecasts are adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
The global mobile phones market recorded revenues of $752.0 billion in 2023, representing a compound annual growth rate (CAGR) of 0.2% between 2018 and 2023.
Market consumption volumes declined with a negative CAGR of 3.7% between 2018 and 2023, to reach a total of 58,585.1 average MOU in 2023.
In the global mobile phones market, Asia-Pacific is the largest market, accounting for 40.1% in 2023, followed by North America, Europe, South America, and the Middle East.
Scope
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global mobile phones market
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global mobile phones market
Leading company profiles reveal details of key mobile phones market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the global mobile phones market with five year forecasts by both value and volume
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