Smartphone Market by Technology, Price Range, Screen Size, and Geography - Forecast and Analysis 2021-2025
- Published: Feb 2021
- Pages: 120
- SKU: IRTNTR40691
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The smartphone market size has the potential to grow by 464.20 million units during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.16%.
This post-pandemic global smartphone market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. Furthermore, this report provides a detailed analysis of the market by technology (Android, iOS, and others), price range (between $150-$800, less than $150, and greater than $800), screen size (between 5-6 inches, greater than 6 inches, and less than 5 inches), geography (APAC, Europe, North America, MEA, and South America), and key vendors.
Smartphone Market Share
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Alphabet Inc.
- Apple Inc.
- BBK Electronics Corp. Ltd.
- HTC Corp.
- Huawei Investment & Holding Co. Ltd.
- LG Electronics Inc.
- Nokia Corp.
- Samsung Electronics Co. Ltd.
- Sony Corp.
- ZTE Corp.
The smartphone market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the growing adoption of AI in smartphones to achieve growth opportunities. However, factors such as concerns associated with security and privacy will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the smartphone market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This smartphone market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Smartphone Market: Key Drivers and Trends
Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies for the future.
Smartphone Market: Segmentation by Geography
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54% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for smartphones in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.
Rising disposable income, development of telecom infrastructure, the emergence of budget-centric smartphones, and an increasing number of product launches will facilitate the smartphone market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Smartphone Market: Segmentation by Technology
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Android accounts for the largest smartphone market share in the technology segment. The availability of a variety of features in Android phones has boosted the popularity of Android OS among consumers. The high popularity of Android has driven several smartphone manufacturers to adopt it as their OS. Thus, the growing popularity and the launch of various Android-based smartphones will drive the growth of the smartphone market in this segment.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the smartphone market size.
Smartphone Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive smartphone market growth during the next five years
- Precise estimation of the smartphone market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the smartphone industry across APAC, Europe, North America, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smartphone market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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- Growing adoption of AI in smartphones
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