Smartphone Market Statistics and Growth Prediction 2021- Apple, Samsung, Huawei, OPPO, Vivo, Xiaomi, Lenovo, LG Electronics, Sony, ZTE

The Latest report about the Smartphone  market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Smartphone market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

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This study especially analyses the impact of the Covid-19 outbreak on the Smartphone, covering the supply chain analysis, impact assessment to the Smartphone market size growth rate in several scenarios, and the measures to be undertaken by Smartphone companies in response to the COVID-19 epidemic.

Smartphone Market, 1,366.14 million units shipped in 2020 and it is expected to reach 1,556.67 million units by 2026, registering a CAGR of 1.69% during the forecast period (2021-2026).

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report:

Apple, Samsung, Huawei, OPPO, Vivo, Xiaomi, Lenovo, LG Electronics, Sony, ZTE, ASUSTeK Computer, BlackBerry, Gionee Communication Equipment, Google, Micromax, Microsoft, Nokia, OnePlus, Panasonic,

Industry Recent Developments and Updates

July 2021 - Vivo Communication Technology Co. Ltd, expanded its 5G portfolio in India with the launch of powerful vivo Y72. Priced at INR 20,990, Y72 delivers superior smartphone experience through its robust features while sporting a clearly differentiated design in its category. The smartphone offers 8GB+4GB expandable RAM which prevents the phone from choking while multi-tasking.

July 2021 - Samsung India launched new smartphone Galaxy A22 5G. It offers 11 bands’ support for 5G experience and two year OS upgrades. It has 6.6” FHD+ display with 90Hz refresh rate, versatile 48MP triple camera, 5000mAh battery and host of other innovative features.

April 2021 - Guangdong Oppo Mobile Telecommunications Corp., Ltd, launched a new sleek smartphone under its renowned F series - the new OPPO F19, in India. The OPPO F19 is minimalist sleek device under the F19 series that comes with a 33W Flash Charge to charge the massive 5000mAh yet maintaining a light weight and a sleek design.

Market Overview

According to the Consumer Technology Sales and Forecast study, which was conducted by the Consumer Technology Association (CTA), the revenue generated by smartphones was valued at USD 77.5 billion in 2019, respectively. Due to the pandemic, CTA projected revenue to reach USD 71 billion a decline of 6% year-over-year. However, CTA projects the smartphone industry to bounce back in 2021, generating over USD 78 billion in shipments.

Smartphones, with strong hardware capabilities, extensive mobile operating systems, wider software applications, internet, and multimedia functionality (music, videos, and gaming), alongside core phone functions such as voice calls and text messaging, are considered in the scope. Smartphones used for industrial purposes, or otherwise known as rugged phones, are not considered in the scope. The market is segemented by operating system and geography.

The demand for smartphones at entry-level price point is expected to be driven by the increasing demand from the developing countries in the region, such as India and Indonesia, where smartphones are increasingly penetrating into the rural areas as local governments are pushing for digital and mobile economy. For instance, the Digital India program is a flagship program of the Government of India primarily aimed at transforming the country into a digitally empowered society.

Smartphone

Breakdown Data by Type

Android

iOS

Windows Phone

Smartphone Breakdown Data by Application

Children

Adults

The Old

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Smartphone market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

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Smartphone Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Smartphone market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Smartphone market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Smartphone Market report.

Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
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sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.