The size of the smartphone market will grow by 464.20 million units | Increasing adoption of AI in smartphones to drive market growth

NEW YORK, March 28, 2022 /PRNewswire/ — The “Smartphone market by technology (Android, iOS and others) and geography (APAC, Europe, North AmericaMEA, and South America) – Forecast and Analysis 2021-2025The report has been added to the Technavio offer. ISO 9001:2015 certified, Technavio is proud to partner with more than 100 Fortune 500 companies for over 16 years.

Technavio has announced its latest market research report titled Smartphone Market by Technology, Price Range, Screen Size and Geography – Forecast and Analysis 2021-2025

Technavio has announced its latest market research report titled Smartphone Market by Technology, Price Range, Screen Size and Geography – Forecast and Analysis 2021-2025

The potential growth difference for the smartphone market between 2020 and 2025 is 464.20 million units, according to the latest Technavio market outlook report. The report identifies the market to witness accelerating growth momentum at a CAGR of 6.16% during the forecast period.

To get the exact annual growth variance and year over year growth rate, Talk to our analyst.

Key Market Dynamics:

  • market driver: The growing adoption of AI will positively influence the market during the forecast period. AI is used in smartphones to offer features like facial recognition and augmented reality (AR). Smartphone vendors are investing in R&D to ensure they offer the best user experience with AI. Vendors such as Apple Inc. (Apple), Samsung Electronics Co. Ltd. (Samsung), and Huawei Investment & Holding Co. Ltd. (Huawei) have introduced AI-based chips into smartphones that can perform multiple operations per second and use significantly less power to perform these tasks.

  • Market challenge: ongoing trade wars will emerge as one of the key factors limiting the growth of the market during the forecast period. Smartphone vendors are spending a significant amount of money on international shipping to capture the global market. However, government interventions in various countries, such as a trade ban, may affect the global smartphone market. For example, the United States and China they are closely linked through the supply chain of electronics, including smartphones. The imposition of tariffs by the Federal Government of the United States and the Government of China has negatively impacted the supply of smartphones in both countries.

For more information on additional key drivers, trends and challenges available with Technavio. Read our FREE sample report!

Key Market Dynamics:

The smartphone market report is segmented by technology (Android, iOS and others), screen size (between 5 and 6 inches, more than 6 inches and less than 5 inches), price range (between $150$800less than $150and greater than $800) and Geography (APAC, Europe, North AmericaMEA, and South America).

  • The Android technology segment had the largest share of the smartphone market in 2020. The Android operating system has been gaining popularity among consumers around the world due to the availability of a variety of features. There are more than 2.5 million apps on Google Play Store, where users can download various apps as per their requirements. Various Android OS features include smart reply for all messaging apps, focus mode options, Wi-Fi sharing via QR codes, and Google Assistant. These benefits will fuel the growth of the market.

  • Price range segment between $150$800 it will account for the largest share in 2020. The segment covers mid-range smartphones. Mid-range smartphone vendors cater to customers who are more concerned with the value-for-money proposition. These providers provide customers with various necessary features at a reasonable price.

  • APAC will be the leading region with 54% of the market growth during the forecast period. China and India are the key markets for smartphones in APAC. The growth of the market in this region will be faster than the growth of the market in Europe and North America. Rising disposable income, telecom infrastructure development, the emergence of budget-focused smartphones, and an increasing number of product launches will facilitate the growth of the smartphone market in APAC during the forecast period.

See our sample report for additional information on the contribution of all segments and regional opportunities

Some companies mentioned

  • To gain access to more supplier profiles with their key offerings available with Technavio, Click here

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Smartphone market scope

Report Coverage

Details

Page number

120

base year

2020

forecast period

2021-2025

Growth momentum and CAGR

Accelerate to a CAGR of over 6%

Market growth 2021-2025

464.20 million units

market structure

Fragmented

YoY growth (%)

5.50

regional analysis

APAC, Europe, North America, MEA and South America

Contribution to the real market

Asia-Pacific at 54%

Main consuming countries

China, India, USA, Brazil, UK and Russian Federation

competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Alphabet Inc., Apple Inc., BBK Electronics Corp. Ltd., HTC Corp., LG Electronics Inc., Nokia Corp., Samsung Electronics Co. Ltd., Sony Corp., Huawei Investment & Holding Co. Ltd. and ZTE Corporation

market dynamics

Main market analysis, market growth drivers and obstacles, fast and slow growing segments analysis, impact of COVID 19 and future consumer dynamics, market condition analysis for the forecast period.

Customization Scope

If our report didn’t include the data you’re looking for, you can contact our analysts and get custom segments.

Key Topics Covered:

Executive Summary

market landscape

  • market ecosystem

  • Analysis of the value chain

Size of the market

Five Forces Analysis

Market segmentation by technology

  • Market segments

  • Technology Comparison

  • Android: market size and forecast 2020-2025

  • iOS: market size and forecast 2020-2025

  • Others – Market Size and Forecast 2020-2025

  • Market opportunity by Technology

Market segmentation by price range

  • Market segments

  • Comparison by price range

  • Among $150$800 – Market size and forecast 2020-2025

  • Less than $150 – Market size and forecast 2020-2025

  • Larger than $800 – Market size and forecast 2020-2025

  • Market opportunity by price range

Market segmentation by screen size

  • Market segments

  • Comparison by screen size

  • Between 5-6 inches – Market Size and Forecast 2020-2025

  • More than 6 inches: Market size and forecast 2020-2025

  • Less than 5 inches: Market size and forecast 2020-2025

  • Market opportunity by screen size

Customer Landscape

Geographic Landscape

  • Geographical segmentation

  • Geographic Comparison

  • APAC – Market Size and Forecast 2020-2025

  • Europe – Market size and forecast 2020-2025

  • North America – Market size and forecast 2020-2025

  • MEA – Market Size and Forecast 2020-2025

  • South America – Market size and forecast 2020-2025

  • Main leading countries

  • Market opportunity by geography

  • market indicators

  • market challenges

  • market trends

Provider Landscape

  • Overview

  • landscape disruption

Supplier analysis

  • Covered Providers

  • Positioning in the market of suppliers.

  • alphabet inc

  • Apple Inc.

  • BBK Electronics Corp. Ltd.

  • HTC Corporation

  • Huawei Investment & Holding Co. Ltd.

  • lg electronics inc.

  • nokia corporation

  • Samsung Electronics Co.Ltd.

  • sony corporation

  • ZTE Corporation

Appendix

About us
Technavio is a world leader in technology research and consulting. His research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialized analysts, Technavio’s library of reports Its client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing client base is based on comprehensive coverage, in-depth research and Technavio’s actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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