Mobile Phone Market Size to Grow by 551.42 mn from 2020 to 2025 | Growing Adoption of Smartphones to Drive Growth | Technavio | State

NEW YORK, Nov. 30, 2021 /PRNewswire/ — The mobile phone market is expected to grow by 551.42 mn units from 2020 to 2025. This market forecast report by Technavio can help organizations make confident business decisions using research and analysis by experts.

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Some of the primary growth drivers for the mobile phone market are the growing adoption of smartphones, launch of mobile phones with 5G technology, and growing adoption of AI in smartphones, according to Technavio. However, factors such as concerns associated with security and privacy may challenge market growth.

Market Segmentation Highlights

  • The mobile phone market has been segmented by type into smartphone and feature phone.
  • The smartphone segment has experienced significant market share growth.

Regional Analysis

  • Based on geography, the mobile phone market has been segmented into five regions, namely APAC, Europe, North America, South America, and MEA.
  • 42% of the growth will originate from APAC.
  • China and India are the key countries for the mobile phone market in APAC.
  • The launch of mobile phones with 5G technology will drive the mobile phone market growth in APAC during the forecast period.

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Notes:

  • The mobile phone market size is expected to accelerate at a CAGR of 5.76% during the forecast period.
  • The mobile phone market is segmented type (smartphone and feature phone) and geography (APAC, Europe, North America, South America, and MEA).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • This report offers information on several market vendors, including Apple Inc., ASUSTeK Computer Inc., BBK Electronics Corp. Ltd., Huawei Investment and Holding Co. Ltd., Lenovo Group Ltd., Nokia Corp., Samsung Electronics Co. Ltd., Sony Corp., Xiaomi Corp., and ZTE Corp.

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Mobile Phone Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.76%

Market growth 2021-2025

551.42 mn units

Market structure

Fragmented

YoY growth (%)

5.00

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 42%

Key consumer countries

China, US, Germany, India, and Brazil

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Apple Inc., ASUSTeK Computer Inc., BBK Electronics Corp. Ltd., Huawei Investment and Holding Co. Ltd., Lenovo Group Ltd., Nokia Corp., Samsung Electronics Co. Ltd., Sony Corp., Xiaomi Corp., and ZTE Corp.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

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SOURCE Technavio