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.
To learn more about the contribution of various market segments, Read Our Free Sample
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.
Subscribe to our “Lite Plan” billed annually at USD 3000. View 3 reports monthly and Download 3 Reports Annually!
Related Reports:
- Wireless Microphone Market: The wireless microphone market has been segmented by type (handheld, clip-on, and tabletop) and geography (North America, Europe, APAC, South America, and MEA). Download Free Sample Report
- UHD TV Market: The UHD TV Market has been segmented by resolution (4K and 8K) and geography (APAC, <span …….