Smartphone Market Size, Trends and Cost with Global Forecast 2022-2027

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According to the latest report by IMARC Group, titled “Smartphone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on smartphone market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global smartphone market reached 1,355 Million Units in 2021. Looking forward, IMARC Group expects the market volume to reach 1,715 Million Units by 2027, expanding at a CAGR of 3.70% during the forecast period (2022-2027).

A smartphone is a mobile device that performs several functions of a computer. It is typically characterized by a touch screen interface, internet access, and an operating system that is capable of running multiple applications. It acts as a communication device, multimedia device, and mini application operating platform.

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Global Smartphone Market Trends:

The global market is primarily driven by the rapid expansion of the e-commerce industry. This, along with the penetration of high-speed internet connectivity across the globe, is positively influencing the market growth. Apart from this, the widespread integration of Artificial Intelligence (AI) technology with smartphones is catalyzing the market growth. Moreover, significant growth in the telecom infrastructure and the rapid deployment of 5G technology on the global level is creating a positive outlook for the market. Additionally, the growing product demand among individuals to facilitate digital payments and the inflating per capita income levels of the masses are providing an impetus to the market growth.

Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some 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
  • ZTE Corporation

Smartphone Market Segmentation:

Our report has categorized the market based on region, 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)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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