Press release
Smartphone Market Report 2022-2027: Top Brands (Apple Inc., Nokia Corporation, Samsung Electronics Co. Ltd., Xiaomi Corporation)
Smartphone Market
A smartphone refers to a portable electronic device that provides advanced functionality and connects to a cellular network and the internet. It comprises a graphics processing unit (GPU), long-term evolution (LTE) modem, central processing unit (CPU), video and display processor, etc. A smartphone is manufactured using aluminum, plastic, gold, silicon, copper, silver, lithium, and cobalt. It is widely used for calling, gaming, music, videos, messaging, online shopping, emailing, banking, reading news, and clicking pictures. A smartphone consists of a battery, memory, storage, modems, display, camera, sensors, lens, and processor. It assists in portability, productivity applications, easy communication, navigation, safety, online banking, and entertainment. In addition, smartphones have advanced operating systems, features, and virtual keyboards compared to cell phones.
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Global Smartphone Market Trends:
The escalating demand for wireless handheld devices across the globe is among the primary factors driving the smartphone market. Besides this, the shifting consumer preference toward intelligent gadgets that offer advanced features, web surfing, easy accessibility, endless apps, and instant online ordering is further augmenting the market growth. Moreover, smartphones provide enhanced convenience, security, various calling features, and easy access to the internet, which is also catalyzing the global market. Apart from this, the introduction of miniaturized cameras with high-resolution sensors, improved battery life, and reliability is acting as another significant growth-inducing factor. Additionally, the growing product popularity among consumers to make contactless payments, as it eliminates the need for card swiping and manual entry and aids in reducing human errors and facilitating a smoother checkout experience, is also stimulating the market growth. Furthermore, the rising working population, the increasing internet penetration, and the inflating expenditure capacities of consumers are anticipated to propel the smartphone market over the forecasted period.
Explore Full Report with Table of Contents: https://www.imarcgroup.com/smartphone-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
• Apple Inc.
• HTC Corporation
• Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.)
• Lava International
• Lenovo Group Limited
• Samsung Electronics Co. Ltd.
• Sony Corporation
• TCL Technology
• Xiaomi Corporation
• ZTE Corporation
Smartphone Market Segmentation:
Our report has categorized the market based on region, operating system, display technology, RAM capacity, price range and distribution channel.
Breakup by Operating System:
• Android
• iOS
• Others
Breakup by Display Technology:
• LCD Technology
• OLED Technology
Breakup by RAM Capacity:
• Below 4GB
• 4GB - 8GB
• Over 8GB
Breakup by Price Range:
• Ultra-Low-End
• Low-End
• Mid-Range
• Mid- to High-End
• High-End
• Premium
Breakup by Distribution Channel:
• OEMs
• Online Stores
• Retailers
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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