Press release
Smartphones Market Is Likely To Undergo Notable Growth, Forecast - 2033
Growing demand for advanced technologies such as AI and machine learning happens to be one of the major factors driving the smartphones market across the globe. Rise in demand for image recognition coupled with real-time voice processing is driving the integration of AI capabilities into smartphones. Most AI processors have additional inbuilt neural processing units that are capable of parallel processing, use low power, and can carry out cognitive tasks. On-device AI makes use of dedicated AI chipsets and is likely to become prominent in all flagship smartphones going forward.
• In August 2020, Xiaomi unveiled its core strategy of 'Smartphone × AIoT' for the next decade. Under this strategy, the company has established that smartphones will be the cornerstone of its business while the AIoT platform will build a smart living ecosystem around smartphones, further amplifying Xiaomi's value.
Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/11827
Key Takeaways from Market Study
• By operating system, the Android segment is anticipated to account for a leading market share and is estimated to expand at a robust CAGR of 6.2% through 2031.
• North America is expected to lead the market followed by Asia Pacific. Asia Pacific is anticipated to emerge as the fastest-growing region from 2021 to 2031.
• Mid-range ($200-$500) smartphones will be a dominating segment and is anticipated to expand at a CAGR of nearly around 7.5% from 2021 to 2031.
• The market in India is expected to progress at a CAGR of almost 9.5% over the forecast period.
• In the United Arab Emirates, sales are expected to increase at a CAGR of close to 6.6% over the next ten years.
"Increasing Internet penetration, rising consumer disposable income, growing popularity of 5G, and rising demand for foldable smartphones are collectively driving market growth across the world," says a Persistence Market Research analyst.
Integration of AI to Spur Demand for Smartphones
Along with lightning speeds, 5G-capable phones are expected to be in high demand as adoption rates sore and consumers look to upgrade from their 4G phones. Changing consumer preferences and growing popularity of m-Commerce happens to be one of the major factors driving the growth of the smartphones market across the world. Consumers are increasingly becoming reliant on digital devices and are more inclined toward online shopping.
Growing demand for mobile gaming is also driving market growth. 5G connectivity is anticipated to offer a better gaming experience to users with improved connectivity. Gamers believe that 5G connectivity would enable high quality graphics
For In-Depth Competitive Analysis, Buy Now @ https://www.persistencemarketresearch.com/checkout/11827
Moreover, 5G rollout is expected to drive new use cases for smartphones, and hence, upgrading to 5G smartphones would become a key consideration among end users. Besides, brands are expected to launch affordable 5G phones, thereby enabling easy and rapid adoption of 5G technology.
Key Players :
• Apple
• Samsung
• Sony
• Huawei
• Motorola
• Nokia
• Xiaomi
• Vivo
• Oppo
• LG
• HTC
• OnePlus
• Asus
• Microsoft
More Valuable Insights on Offer
Persistence Market Research's report on the smartphones industry research is segmented into five major sections - operating system (Android, iOS, and others); price range (low range (below $200), mid-range ($200-$500), and premium (above $500)); sales channel (online/e-Commerce, and physical retail stores (offline)); and region (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the smartphones market.
Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/11827
Trending Reports -
Precision Farming Market - https://www.persistencemarketresearch.com/market-research/precision-farming-market.asp
Led Lighting Solutions Market - https://www.persistencemarketresearch.com/market-research/led-lighting-solutions-market.asp
Diffractive Optical Elements Market - https://www.persistencemarketresearch.com/market-research/diffractive-optical-elements-market.asp
Refurbished And Used Mobile Phones Market - https://www.persistencemarketresearch.com/market-research/refurbished-and-used-mobile-phones-market.asp
About us:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smartphones Market Is Likely To Undergo Notable Growth, Forecast - 2033 here
News-ID: 2911645 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
