DUBLIN–(BUSINESS WIRE)–The “Global Smartphones Market, By Brand, By Operating System, By RAM Size, By Generation, By Screen Size, By Price Range, By Distribution Channel, By Component Hardware, By Component Software, By Region, Estimation & Forecast, 2017 – 2030” report has been added to ResearchAndMarkets.com’s offering.
The global Smartphones market was valued at USD 273.9 Billion in 2021 and is forecasted to reach USD 520.7 Billion by the year 2030.
The market is anticipated to register a CAGR of 7.6% over the projected period. In 2021, around 1,617.5 million smartphones were estimated to be sold in 2021.
Smartphone consists of an integrated computer and other features, such as web browsing, operating system, as well as the ability to run software applications. Increasing penetration of Internet of Things is expected to boost the market growth. Furthermore, rapid technological advancements is also expected to fuel the market growth. Despite the driving factors, health risks due to prolonged exposure to smartphones are expected to hinder the market growth during the forecast period.
Growth Influencers:
Increasing penetration of IoT
Internet of Things is one of the emerging communication concept which interconnects a variety of devices, including smartphones, with data, processes, and people and enables a seamless communication. Smartphone-enabling technologies, such as Bluetooth, built-in sensors, NFC, and RFID tracking, enables smartphones to be a vital part of IoT world. According to NASSCOM, the number of IoT devices, including smartphones, has increased from 200 million units in 2016 and more than 2.7 billion units in 2020. Hence, increasing penetration of IoT in smartphones is expected to boost the market growth.
Segments Overview:
The global Smartphones market is segmented the brand, operating system, RAM size, generation, screen size, price range, distribution channel, component-hardware, and component-software.
By Brand
- Apple
- Samsung
- Xiaomi
- Oppo
- Huawei
- VIVO
- Others
By Operating System
- Android
- Windows
- iOS
- Palm OS
- Others (Sailfish, Tizen, and Blackberry OS)
By RAM Size
- Below 2GB
- 2GB-4GB
- 4GB-8GB
- More than 8GB
By Generation
- 3G
- 4G
- 5G
By Screen Size
- Below 4.0″
- 4.0″-5.0″
- Above 5.0″
By Price Range
- < US$ 100
- US$ 101 – US$ 200
- US$ 201 – US$ 500
- US$ 501
By Distribution Channel
- Online
- Brand Website
- E-Marketplaces
- Offline
- Multi Brand Store
- Brand Store
By Component Hardware
- Battery
- Display Technology
- LCD
- LED
- OLED
- System-on-a-chip (SoC)
- CPU
- Graphics Processing Unit
- Memory Management Unit
- Connectivity
- Modems
- Camera
- Sensors
- Accelerometer
- Gyroscope
- Digital Compass
- Ambient Light Sensor
- Proximity Sensor
By Component-Software
- Kernel
- Middleware
- Application Execution Environment (AEE)
- User Framework Environment
- Application Suite
Regional Overview
Based on region, the global Smartphones market is divided into Europe, North America, Asia, Middle East, Africa, and South America.
The Asia Pacific region is expected to hold the largest market share and is also estimated to witness the fastest growth rate of 6.49% owing to presence of major market players in the region, especially in China. Furthermore, presence of various manufacturing facilities in the Asia Pacific countries owing to availability of cheap labor.
North America region is anticipated to hold the second largest market share owing to the presence of Apple brand in the U.S., which is amongst the major brands of smartphones globally.
Companies Mentioned
- Sony Corp.
- ZTE Corp.
- Samsung Electronics Apple
- Huawei Technologies Co., Ltd.
- Apple Inc.
- Vivo Communication Technology Co. Ltd.
- Xiaomi Corporation
- Guangdong OPPO Mobile Telecommunications Corp., Ltd.
- Nokia Corporation
- AsusTek Computer Inc.
- Sony Corporation
- Huawei
- Micromax Informatics Ltd.
- Realme
- Panasonic Corp
- Motorola, Inc.
- HTC Corporation
- Lenovo Group Limited
- BBK Electronics Corp. Ltd.
- Mobicel
- Transsion Group
For more information about this report visit https://www.researchandmarkets.com/r/4e7ps
