Press release
Smart Phones Market to Double-USD 917.6 Billion by 2030, 6.35% CAGR
Smart Phones Market
Download PDF Brochure: https://www.maximizemarketresearch.com/request-sample/87739/
United States
United States Growth
The U.S. smartphone market held a ~US$143 billion share in 2024, with a CAGR forecast of 7.6% from 2024 to 2034. High disposable income and early 5G adoption are key growth drivers.
United States Opportunity
Continued rollout of AI and AR capabilities in flagships.
Expansion in mid-price 5G devices.
United States Trends
Apple and Samsung maintain >70% share (Apple ~57%, Samsung ~20%).
Shift toward generative AI features even in lower price tiers .
United States Consolidation
M&A activity in North America has slowed; deal volume fell ~55% since.
Strategic partnerships instead of mega‐mergers are on the rise.
United States Updation
OEMs diversifying manufacturing to India and Vietnam following U.S.-China tariff concerns.
Asia Pacific
Asia Pacific Growth
Asia Pacific dominated with 44-57% market share in 2024, holding US$232.1 billion of revenues, and is expected to grow at ~8-8.4% CAGR through 2034.
Asia-Pacific Opportunity
Massive first-time buyer base in India, Indonesia, and Vietnam.
Government subsidies in China and rising 5G adoption support sustained demand.
Asia-Pacific Trends
Smartphone brands are embedding AI into affordable models.
Expansion of foldables and AR-driven phones in South Korea and China.
Asia-Pacific Consolidation
M&A is active-Chinese deals nearly tripled in H1 2025.
OEMs investing in local manufacturing capacities.
Asia-Pacific Updation
Tamil Nadu became India's "iPhone capital"; India produced ~16 million iPhones in 2024 and exports rose 42%.
Europe
Europe Growth
Europe held roughly 25.8% of the global market in 2024 (valued at US$206.9 billion) and is expected to grow at ~7.5% CAGR through 2034.
Europe Opportunity
Demand for premium, sustainably‐built 5G devices.
Rising preference for local and EU‐certified tech.
Europe Trends
Steady shipments (+3% in Q4 2024).
Android market share remains dominant (~84% revenue share in 2024) .
Europe Consolidation
European firms leading M&A in H1 2025 .
Partnerships over outright acquisitions are preferred in device supply chains.
Europe Updation
OEMs optimizing supply lines to reduce dependency on Asia amid geopolitical risks.
Middle East & Africa (MEA)
MEA Growth
MEA posted the fastest regional CAGR (~5.2% to 2030), with strong prospective growth. Budget to mid-tier segment demand is resurging post-2023 slump.
MEA Opportunity
Budget 5G handsets gaining traction in India, Middle East, and Africa.
Rise of pre-owned smartphone market.
MEA Trends
Premium segment growth (+17%) led by AI phones and foldables.
Growth tied to remittance-driven purchases and feature phone replacements.
MEA Consolidation
M&A picks up via Asia-Pacific and European investment .
OEMs tying up with regional distributors for market coverage.
MEA Updation
Emergence of pre‐paid smartphone subsidy programs and e-commerce-led sales initiatives.
Curious to peek inside? Grab your sample copy of this report now: https://www.maximizemarketresearch.com/request-sample/87739/
Global M&A & Key Developments
European and Asia Pacific acquirers spearheaded over 85 large deals (>US$100M) in H1 2025, while North America's deal volume dropped ~55% since 2021.
OEMs are strategically shifting manufacturing to India and Vietnam to mitigate tariff risks.
Major brands (Apple, Xiaomi, Vivo) continue integrating AI features and 5G even in mid-price ranges.
Samsung led Q2 2025 global shipments with 58 million units (+7.9%), while Apple held steady at +1.5%.
Smart Phones Market Segmentation:
by Operating System
Android Smartphones
iOS Smartphones
Others
The market for smartphones is divided into several operating systems, including iOS, Android, and others. In 2023, Google LLC's Android OS segment, which is used in practically all phones aside from Apple products and a few others, held the largest market share. Because of its largest market shares, the Android OS provides an open ecosystem, a user experience that can be customised, and continuous updates at a reasonable price. The growing demand for Apple products, particularly in nations like China, South Africa, India, and others, is predicted to propel the iOS segment's growth rapidly. The market is expanding as a result of the desire for high-end cellphones being fuelled by the popularity of Apple products among young people.
by Distribution Channel
OEMs
Online/e-Commerce
Physical Retail Stores (Offline)
The market for smartphones is divided into three segments based on distribution channels: OEMs, online/e-commerce, and physical retail outlets. Over the course of the projection period, the e-commerce category is expected to dominate the market. The e-commerce segment market is growing due to the work-from-home concept and the expansion of in-line purchasing facilities. Original equipment manufacturers, or OEMs, typically open their manufacturing facilities nationwide without the assistance of a third party. In 2023, physical retail outlets will account for a sizable portion of the market, and they are anticipated to rise significantly over the course of the forecast period. Because they are convenient and accessible to customers who do not have easy access to online shopping platforms or who like to see and touch things before making a purchase, physical retail establishments are essential in developing nations.
by Price Range
Low-range Smart phones (Below $200)
Mid-range Smart phones ($200-$500)
Premium Smart phones (Above $500)
Intrigued to explore the contents? Secure your hands-on sample copy of the report: https://www.maximizemarketresearch.com/request-sample/87739/
Smart Phones Market Major Players:
1. Apple Inc.(US)
2. Samsung Electronics (South Korea)
3. ZTE Corp. (China)
4. Huawei Technologies Co., Ltd. (China)
5. Sony Corp. (Japan)
6. Vivo Communication Technology Co. Ltd. (China)
7. Xiaomi Corporation(China)
8. Guangdong OPPO Mobile Telecommunications Corp., Ltd. (China)
9. Nokia Corporation (Finland)
10. AsusTek Computer Inc. (China)
11. Micromax Informatics Ltd. (India)
12. Panasonic Corp (Japan)
13. Microsoft (US)
14. Google (US)
15. BlackBerry (Canada)
16. Motorola, Inc.
17. HTC Corporation
18. Lenovo Group Limited (China)
19. BBK Electronics Corp. Ltd.
20. Mobicel
21. Transsion Group
Uncover Trending Topics:
♦ Global Circular Connectors Market https://www.maximizemarketresearch.com/market-report/global-circular-connectors-market/112229/
♦ Global 5G Fixed Wireless Access Market https://www.maximizemarketresearch.com/market-report/global-5g-fixed-wireless-access-market/26925/
♦ WLAN Market https://www.maximizemarketresearch.com/market-report/global-wlan-market/54503/
♦ Small Satellite Market https://www.maximizemarketresearch.com/market-report/global-small-satellite-market/341/
♦ Data Pipeline Tools Market https://www.maximizemarketresearch.com/market-report/data-pipeline-tools-market/182934/
♦ Global Generative Design Market https://www.maximizemarketresearch.com/market-report/global-generative-design-market/26810/
♦ Visual Effects (VFX) Market https://www.maximizemarketresearch.com/market-report/visual-effects-vfx-market-global-market/148265/
♦ India Cloud Infrastructure as a Service (IaaS) Market https://www.maximizemarketresearch.com/market-report/india-cloud-infrastructure-as-a-service-iaas-market/44086/
♦ Global Artificial Intelligence in Supply Chain Market https://www.maximizemarketresearch.com/market-report/global-artificial-intelligence-in-supply-chain-market/63829/
♦ India NonLife Insurance Market https://www.maximizemarketresearch.com/market-report/india-non-life-insurance-market/42091/
Contact Us:
MAXIMIZE MARKET RESEARCH PVT. LTD.
2nd Floor, Navale IT park Phase 3,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com
About Us:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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 Smart Phones Market to Double-USD 917.6 Billion by 2030, 6.35% CAGR here
News-ID: 4104601 • Views: …
More Releases from Maximize Market Research Pvt. Ltd.
Global Magnesium Alloys Market Poised to Grow from US$ 2.21 Billion in 2024 to U …
According to a new report by Maximizer Market Research, the Global Magnesium Alloys Market was valued at USD 2.21 billion in 2024 and is projected to reach USD 5.58 billion by 2032, growing at a CAGR of 12.25%. This growth is underpinned by rising demand from automotive & transportation, electronics, aerospace, defense, and medical industries seeking lightweight, high-performance materials.
For full access to the data, request a sample report now :https://www.maximizemarketresearch.com/request-sample/32753/
♦…
Global Bamboo Furniture Market to Grow from USD 13.75 Billion to USD 23.02 Billi …
According to a new report by Maximize Market Research, the global bamboo furniture market was valued at USD 13.75 billion in 2024 and is projected to reach USD 23.02 billion by 2032, growing at a compound annual growth rate (CAGR) of approximately 6.65%.
For full access to the data, request a sample report now :https://www.maximizemarketresearch.com/request-sample/111043/
♦ Key Highlights
♦ Market size & CAGR: USD 13.75 billion (2024) to USD 23.02 billion (2032) at…
Open-Source Intelligence Market Projected to Reach USD 23,887 Million by 2030
Open-Source Intelligence Market size was valued at USD 6425.89 Million in 2023 and the total Open-Source Intelligence revenue is expected to grow at a CAGR of 20.63 % from 2024 to 2030, reaching nearly USD 23887.37 Million by 2030.
Open-Source Intelligence Market Overview:
The Open-Source Intelligence (OSINT) market is a rapidly expanding sector within the broader security and intelligence landscape. It involves the systematic collection, analysis, and interpretation of publicly available information…
Pension Administration Software Market to Surge from USD 4.89 Bn (2023) to USD 1 …
According to a new report by Maximize Market Research, the global pension administration software market was valued at USD 4.89 billion in 2023 and is projected to grow to USD 10.89 billion by 2030, registering a robust CAGR of 12.1% over the forecast period (2024-2030). This growth is expected worldwide, fueled by increasing digitalization, automation, and demand for predictive analytics in retirement plan management.
For full access to the data, request…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
