The Global Smartphone Market to grow from USD 189,019.70 Million in 2019 to USD 278,494.34 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.67%.
Market Segmentation & Coverage:
The research report categorizes the Smartphone Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Display Size, the Smartphone Market studied across 4.0” - 5.0”, Below 4.0”, and Up to 6.5”.
Based on RAM Size, the Smartphone Market studied across 2GB - 4GB, Below 2GB, and Up to 8 GB.
Based on Operating System, the Smartphone Market studied across Android, iOS, and Windows.
Based on Component, the Smartphone Market studied across Hardware and Software.
Based on Price Range, the Smartphone Market studied across Budged Phones, Mid-Range Phones, and Premium.
Based on Distribution, the Smartphone Market studied across E-commerce, OEM, and Retailer.
Based on Geography, the Smartphone Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
The factors attributing to the growth of the market are seamless social connectivity via video calling or social media platform, associated advantages such as instant communication, web surfing, entertainment, and many other, and growing smart phone industry with advance technology due to increased penetration of internet. However, some factors such as distraction and potential harmful impact on health and associated security risk with stored personal information may hinder the market growth. The Smartphone Market expected to showcase the opportunities such as development of advanced features such as foldable screen, super fast charging, and more rear cameras, integration with endless apps to improve daily life, and growing convenience of purchase provided by online distribution channels. Soon market may face the possible challenges in the growth due to complex forms of technologies to make things more difficult to accommodate. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Global Smartphone Market: Market Dynamics
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Smartphone Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Smartphone Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Smartphone Market, including Apple Inc., AsusTek Computer Inc., Guangdong OPPO Mobile Telecommunications Corp., Ltd,, HTC Corporation, Huawei Technologies Co., Ltd., Lenovo Group Limited, Micromax Informatics Ltd., Motorola Mobility LLC., Nokia Corporation, OnePlus, Samsung Electronics, Sony Corporation, TCL COMMUNICATION TECHNOLOGY HOLDINGS LIMITED, Vivo Communication Technology Co. Ltd., and Xiaomi Corporation.