The global smartphone market size reached 1,417 Million Units in 2022. Looking forward, the publisher expects the market to reach 1,773 Million Units by 2028, exhibiting a CAGR of 3.81% during 2022-2028.
A smartphone is a portable electronic device that provides advanced functionality and connects to a cellular network and the internet. It comprises a central processing unit (CPU), graphics processing unit (GPU), long-term evolution (LTE) modem, video processor, and display processor. It is manufactured using silicon, aluminum, plastic, gold, copper, silver, lithium, and cobalt. A smartphone is widely used for messaging, calling, gaming, music, videos, online shopping, emailing, banking, reading news, and clicking pictures. It consists of a display, battery, memory, storage, modems, camera, sensors, lens, and processor. It assists in easy communication, portability, productivity applications, navigation, safety, online banking, and entertainment. In comparison to cellphones, smartphones consist of advanced features, operating systems, and virtual keyboards.
2. What is the expected growth rate of the global smartphone market during 2023-2028?
3. What are the key factors driving the global smartphone market?
4. What has been the impact of COVID-19 on the global smartphone market?
5. What is the breakup of the global smartphone market based on the operating system?
6. What is the breakup of the global smartphone market based on the display technology?
7. What are the key regions in the global smartphone market?
8. Who are the key players/companies in the global smartphone market?
A smartphone is a portable electronic device that provides advanced functionality and connects to a cellular network and the internet. It comprises a central processing unit (CPU), graphics processing unit (GPU), long-term evolution (LTE) modem, video processor, and display processor. It is manufactured using silicon, aluminum, plastic, gold, copper, silver, lithium, and cobalt. A smartphone is widely used for messaging, calling, gaming, music, videos, online shopping, emailing, banking, reading news, and clicking pictures. It consists of a display, battery, memory, storage, modems, camera, sensors, lens, and processor. It assists in easy communication, portability, productivity applications, navigation, safety, online banking, and entertainment. In comparison to cellphones, smartphones consist of advanced features, operating systems, and virtual keyboards.
Smartphone Market Trends:
The increasing demand for wireless handheld devices across the globe is one of the key factors driving the growth of the market. Smartphones offer enhanced convenience, security, various calling features, and an easy access to the internet. In line with this, the shifting consumer preference toward smart devices that offer easy accessibility, advanced features, web surfing, endless apps, and instant online ordering is favoring the market growth. Moreover, various product innovations, such as the introduction of miniaturized cameras with high-resolution sensors, improved battery life and reliability, are providing an impetus to the market growth. Additionally, the increasing product demand among consumers to make contactless payments is positively impacting the market growth. Smartphones eliminate the need for card swiping and manual entry and aids in reducing human errors, facilitating a smoother checkout experience. Other factors, such as the growing working population, increasing internet penetration, and rising expenditure capacities of consumers, are creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global smartphone market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on operating system, display technology, RAM capacity, price range and distribution channel.Breakup by Operating System:
- Android
- iOS
- Others
Breakup by Display Technology:
- LCD Technology
- OLED Technology
Breakup by RAM Capacity:
- Below 4GB
- 4GB - 8GB
- Over 8GB
Breakup by Price Range:
- Ultra-Low-End (Less Than $100)
- Low-End ($100-<$200)
- Mid-Range ($200-<$400)
- Mid- to High-End ($400-<$600)
- High-End ($600-<$800)
- Premium ($800-<$1000) and Ultra-Premium ($1000 and Above)
Breakup by Distribution Channel:
- OEMs
- Online Stores
- Retailers
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Apple Inc., HTC Corporation, Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.), Lava International, Lenovo Group Limited, Nokia Corporation, Realme Chongqing Mobile Telecommunications Corp. Ltd. (BBK Electronics Corporation), Samsung Electronics Co. Ltd., Sony Corporation, TCL Technology, Xiaomi Corporation and ZTE Corporation.Key Questions Answered in This Report
1. What was the size of the global smartphone market in 2022?2. What is the expected growth rate of the global smartphone market during 2023-2028?
3. What are the key factors driving the global smartphone market?
4. What has been the impact of COVID-19 on the global smartphone market?
5. What is the breakup of the global smartphone market based on the operating system?
6. What is the breakup of the global smartphone market based on the display technology?
7. What are the key regions in the global smartphone market?
8. Who are the key players/companies in the global smartphone market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Smartphone Market
6 Market Breakup by Operating System
7 Market Breakup by Display Technology
8 Market Breakup by RAM Capacity
9 Market Breakup by Price Range
10 Market Breakup by Distribution Channel
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Apple Inc.
- HTC Corporation
- Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.)
- Lava International
- Lenovo Group Limited
- Nokia Corporation
- Realme Chongqing Mobile Telecommunications Corp. Ltd. (BBK Electronics Corporation)
- Samsung Electronics Co. Ltd.
- Sony Corporation
- TCL Technology
- Xiaomi Corporation
- ZTE Corporation
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | March 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value in 2022 | 1417 Million Units |
| Forecasted Market Value by 2028 | 1773 Million Units |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Related Reports
From
From
Global Smartphones Market Report and Forecast 2023-2028
- Report
- 151 Pages
- Global
From
Smartphone Processor Global Market Report 2024
- Report
- 200 Pages
- Global
From
From
This product is a market research report. Each license type allows a set number of users to access the report. Please select an option from the list below. This product is a market research report. This is a single user license, allowing one user access to the product. The electronic report will be emailed to you. The file formats are PDF and Excel. This product is a market research report. This is a 1-5 user license, allowing up to five users have access to the product. The electronic report will be emailed to you. The file formats are PDF and Excel. This product is a market research report. This is an enterprise license, allowing all employees within your organization access to the product. The electronic report will be emailed to you. The file formats are PDF and Excel. 
