Home » Smartphone Market Size [2022-2029] Exhibits 7.3% CAGR to

Smartphone Market Size [2022-2029] Exhibits 7.3% CAGR to

by admin

PUNE, India, Nov. 3, 2022 (GLOBE NEWSWIRE) — Fortune Business Insights has released its latest smartphone market share forecast in a report titled: smartphone share Forecast, 2022-2029”. According to the report, the global market size in 2021 was US$457.18 billion.Global smartphone market share is projected to grow from US$484.81 billion in 2022 to US$484.81 billion in 2022 792.51 billion at CAGR in 2029 7.3% Forecast period 2022-2029.

Increased adoption of Internet of Things technology is expected to boost the market growth, according to research conducted by our expert analysts. Similarly, a surge in home ownership by millennials and increased flexible income in established countries are navigating automated housing demand.

Key industry developments:

August 2021: Samsung has unveiled its revolutionary foldable phones, the Galaxy Z Flip3 5G and the Galaxy Z Fold3 5G. Both iconic designs are built on flagship innovations to deliver a unique user experience for working, playing and watching.

Request a sample copy of our research report:


Report scope and segmentation

report coverage detail
Forecast period 2022-2029
Forecast period 2022-2029 CAGR 7.3%
2029 value forecast US$792.51 billion
base year 2021
Smartphone market size in 2021 US$457.18 billion
historical data of 2018-2020
page number 150
Target segment Operating Systems, Distribution Channels, and Regions
Smartphone market growth driver Digitization trends driving innovation

A summary of the impact of COVID-19 on this market:

The world has come to a standstill with the advent of COVID-19. We understand that this health crisis is having an unprecedented impact on businesses across industries. But this too shall pass. Growing support from governments and some companies will help fight this highly contagious disease. Some industries are struggling, others are thriving. Overall, almost all sectors are expected to be affected by the pandemic.

Click here to see the short-term and long-term impact of COVID-19 on this market.


Market growth drivers:

Digitization trends driving innovation

Stakeholders anticipate expansion of connectivity solutions to drive the growth of the smartphone market during the forecast period. The trend toward cellular connectivity is prominent across healthcare devices, fleet management operations, automobiles, infrastructure security systems, and smart metering. Additionally, governments and other stakeholders are likely to fund digitization, prompting smartphone makers to strengthen their portfolios. In particular, in April 2021, Apple, Inc. announced an investment of approximately US$430 billion to bolster its 5G technology and silicon engineering in the United States to underpin America’s innovation strategy over the next five years. did.

Smartphone market segment analysis

Based on operating system, the market is segmented into iOS, Android, Windows, etc.

In terms of distribution channels, the industry is segregated into e-commerce, retailers, and OEM stores.

Based on region, the market is segmented into Asia Pacific, North America, Europe, South America, Middle East, and Africa.

Questions? Ask the Experts:


Regional Analysis For Smartphone Market:

Expand telecom division to cultivate Asia-Pacific market

Leading companies expect China, India and Australia to offer promising growth opportunities for the telecommunications sector. His bullish investments in smartphones will continue to be a catalyst for the adoption of IoT and 5G in his future. Major companies may launch innovative products in the ensuing period. In January 2022, Vivo Mobile Communication Co., Ltd rolled out ‘V23 and V23 Pro’ in India, dubbed India’s first color-changing smartphone.

North American smartphone market share will rise significantly due to the presence of major US and Canadian players. For example, in November 2021, Huawei Device Co., Ltd. claimed that it was considering releasing mobile his handsets across Canada to provide better customer service. It’s worth noting that the growing footprint of the e-commerce sector continues to help drive product adoption.

Industry insiders see Europe as a happy hunting ground with investments in the automotive and telecommunications sectors. Specifically, in July 2020, SAMSUNG collaborated with the German Federal Office for Information Security (BSI), Bundesdruckerei (bdr), and Deutsche Telekom Security GmbH to develop a hardware-based security architecture. A bullish strategy could become prominent as major players are likely to prioritize technological advances.

Leading companies profiled in the market are:

  • Apple.
  • samsung
  • Oppo
  • Huawei Devices Co., Ltd.
  • one plus
  • Sony Group Corporation
  • Xiaomi
  • HTC Corporation
  • Google LLC
  • ZTE Corporation

Main table of contents:

  • North America Smartphone Market Size Estimates and Forecasts, By Segment, 2018-2029
    • Main findings
    • By Operation System (USD)
      • android
      • iOS
      • Windows
      • Other (Linux and others)
    • By distribution channel (USD)
    • By Country (USD)
  • Europe Smartphone Market Size Estimate and Forecast, By Segment, 2018-2029
    • Main findings
    • By Operation System (USD)
      • android
      • iOS
      • Windows
      • Other (Linux and others)
    • By distribution channel (USD)
    • By Country (USD)
      • England
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Benelux
      • nordic
      • rest of europe
  • Asia-Pacific Smartphone Market Size Estimates and Forecasts, By Segment, 2018-2029
    • Main findings
    • By Operation System (USD)
      • android
      • iOS
      • Windows
      • Other (Linux and others)
    • By distribution channel (USD)
    • By Country (USD)
      • China
      • India
      • Japan
      • Korea
      • ASEAN
      • Oceania
      • Rest of Asia Pacific

TOC continued…

Access full report


about us:

Fortune Business Insights™ provides professional enterprise analytics and accurate data to help organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, helping them meet their unique business challenges. Our goal is to provide clients with holistic market intelligence by providing a detailed overview of the markets in which they operate.


Fortune Business Insights™ Pvt.

USA: +1 424 253 0390

UK: +44 2071 939123

Asia Pacific: +91 744 740 1245

Email: [email protected]

You may also like

Leave a Comment