Global Mobile Phone Market is set to Experience a Booming growth by 2027 | Samsung, Huawei, Apple, Xiaomi, Vivo Communication Technology Co. Ltd.
In September 2019 – Amid the slumping Samsung's flagship phone sales, the company is looking for foldable to be its next big growth engine. The company after announcing Galaxy Fold is reportedly working on a second foldable device that folds down into a compact-sized square.
In September 2019 – Xiaomi, launched another 5G handset, Mi 9 5G in China. The new 5G handset features three cameras on the rear panel and single sensor on the front and is powered by Qualcomm Snapdragon 855 Plus SoC.
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Key Market Insights from the report:
The global mobile phone market accounted for US$ 800.3 billion in 2018 and is projected to register a moderate CAGR of 2.90% over the forecast period. The market report has been segmented based on the operating system, device type, input, and region.
By operating system, android and iPhone OS are anticipated to register high CAGR during the forecast period.
By device type, consumer phones always have seen dominant in the market and projected to register a high CAGR during the forecast period.
By input, touchscreen segment is going to dominate the market as earlier, and also it has seen to expand in the future market.
By region, Asia-Pacific is projected to lead the global Mobile Phone market and is expected to remain dominant during the forecast period, due to increasing consumer spending across regions has driven the sales of mobile phone markers.
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The prominent player operating in the global mobile phone market includes Samsung, Huawei, Apple, Xiaomi, Vivo Communication Technology Co. Ltd., Guangdong OPPO Mobile Telecommunications Corp., Ltd, Nokia Corporation, AsusTek Computer Inc., Sony Corporation, and Motorola, Inc.
Key Topics Covered
Scope of the Study
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