The report finds that global mobile phone market volume reached 1.96 billion units in 2017, similar to that in 2016. Although the smartphone shipments in China declined in 2017 for the first time, the global smartphone market still managed to grow at 3.4% in 2017, taking up 78.4% of the total mobile phone market. On top of that, the smartphone's global share is forecast to top 80% in 2018. The researcher predicts the global smartphone market will benefit from 5G since 2020 and the its global volume will reach about 1.9 billion units in 2022, representing a 4.1% CAGR (Compound Annual Growth Rate) for the period 2017 to 2022.
Shipment volume of the global mobile phone industry topped 522.2 million units in the fourth quarter of 2017, 413.3 million of which were contributed by smartphones, according to Taipei-based and government-backed IT research institute. "Since Samsung's Note 8 shipments concentrated on the third quarter of 2017 and its shipments in the fourth quarter was slightly affected by new iPhone rollouts, Apple is able to regain the top position in the global smartphone market, surpassing Samsung, in the fourth quarter," says Eddie Han, industry analyst with MIC.
With the Chinese market near saturation, India has been a new sweet spot for smartphone vendors around the world to invest in, including Chinese brands. Strong supply chains, coupled with well-planned distribution deployments, and price-competitive product portfolios, have made Chinese brands unstoppable in India that not only threaten other foreign counterparts there but also local ones such as Micromax, Karbonn, and Lava, which are in need of more competitive supply chains.
List of Topics:
- This report provides an update of worldwide mobile phone market forecast for the period 2018-2022, with breakdowns by price trend and by operating system.
- It also examines mobile phone market volume and market share by the world's main regions, including North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa, China, and Asia Pacific (including Japan).
Worldwide Mobile Phone Market by Device Type, 2015-2022
Worldwide Mobile Phone Market Share by Device Type, 2014-2022
Worldwide Smartphone Market by Region, 2015-2022
Worldwide Smartphone Market Share by Region, 2015-2022
Worldwide Smartphone Market by Price Point, 2015-2022
Worldwide Smartphone Market Share by Price Point, 2015-2022
Worldwide Smartphone Market by Operating System, 2015-2022
Worldwide Smartphone Market Share by Operating System, 2015-2022
Research Scope & Definitions