Smartphones Market 2022-2031
This report provides in depth study of “Smartphones Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Smartphones Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Smartphones market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
This report also analyzes the impact of Coronavirus COVID-19 on the Smartphones industry.
The global smartphones market is projected to register a healthy CAGR of 7.8% over the forecast period 2021-2031, and attain a market valuation of more than US$ 1.6 trillion by the end of 2031. The report provides insightful information on the global smartphones market pertaining to the value chain, market trends, competitive landscape, market dynamics, and market estimation and forecast for the projected ten-year period.
Rising disposable income increases the probability of consumer spending on media, entertainment, and networking and mobile communication; leading to higher potential sales of consumer electronics such as smartphones, tablets, laptops, and gaming consoles.
The instances of smartphone adoption are very high among the urban population as compared to the rural population – and hence there is high demand for smartphones in developed regions (where the urban to rural population ratio is higher than developing regions). These factors have led to a sudden growth of the global smartphones market over the last few years and this trend is likely to continue in the coming ten years.
The global smartphones market is expected to witness substantial growth over the forecast period owing to advancements in the electronic, telecommunication, and m-Commerce industry as well as the increasing penetration of the Chinese smartphone industry.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Samsung Electronics Co., Ltd., Apple Inc., Huawei Technologies Co., Ltd., Lenovo Group Limited, LG Electronics Inc., TCL Communication Technology Holdings Limited, ZTE Corporation, Vivo Communication Technology Co. Ltd., Other and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Smartphones.
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There is also a rising trend of m-commerce particularly among the working population, and this has increased the demand for smartphones with top-notch features supporting m-commerce.
Growing internet penetration, increasing marketing activities by vendors, and rising subscription in social media are some of the other key factors driving the growth of the global smartphones market. In the tug of war over customer acquisition and retention, brands are resorting to aggressive marketing and sales strategies to woo the new generation of smartphone wielding young professionals with attractive pricing, enhanced features, and multiple user options.
The global smartphones market is segmented on the basis of Operating System (Android, iOS, Windows, Blackberry Operating System, Other (Sailfish, Tizen, and Ubuntu)) and Distribution Channel (OEM, Retailer, e-Commerce).
On the basis of operating system, the iOS segment is anticipated to account for a relatively high value 3/5 share of the global market. The Android segment is expected to follow closely with 2/5 share in terms of value. In terms of volume, the Android operating system is estimated to account for the largest market share of nearly 70% by 2031.
The android segment is likely to register a high CAGR between 2021 and 2031 and this can be attributed to an increase in the demand and supply of reasonably priced android smartphones.
On the basis of distribution channel, the e-Commerce segment is expected to show a significantly high growth rate of nearly 8% followed by the OEM segment with approximately 7% growth rate by the end of 2031.
As compared to the other segments, the OEM segment is expected to exhibit a relatively high attractiveness index over the forecast period. In terms of value, the global smartphones market is likely to project a healthy incremental opportunity during the forecast period.
The report covers the global smartphones market across seven key regions namely – North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA). The United Kingdom holds more than 35% market share in the European region.
The APEJ region is projected to remain dominant throughout the forecast period. There is a rapid growth of infrastructure and economic development in several countries in the APEJ region and this is expected to boost the growth of the smartphones market in this region.
An increasing inflow of low priced high-end electronic components and products in APEJ is another key factor significantly impacting the smartphones market in the region. MEA is projected to be the fastest growing market over the forecast period. The MEA region has witnessed rapid urbanization over the last few years and this has subsequently led to an increase in the number of consumers willing to purchase high-end smartphones.
A rise in the disposable income and increasing demand for consumer electronics has led to a growing adoption of smartphones in the MEA region and this trend is expected to continue during the forecast period.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Smartphones Market Manufacturers
Smartphones Market Distributors/Traders/Wholesalers
Smartphones Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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View Report Table of Contents, Figures, and Tables
Major Highlights of the Smartphones Market Report:
- The Smartphones Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Smartphones Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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