Smartphone Market Sales Revenue, Growth Factors, Future Trends 2027

 Overview

The Smartphone Market Analysis is projected to grow at a CAGR of 16.4% during the forecast period. As per the smartphone market research report, the global market for smartphones is projected to grow swiftly by US$2297.8 billion by 2025. 

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Competitive Landscape

Incorporating new technologies and launch of new and updated products are presumed to drive the Smartphone Market growth worldwide. The global smartphone market could be challenged by trade wars among regional markets, nevertheless, organizations in the smartphone market will carry the growth rate forward. The smartphone market research report presents company profiles of major companies active in the smartphone market globally. Furthermore, the global smartphone market report offers an all-inclusive analysis of the market collected from the smartphone market’s primary and secondary sources covering both decision makers and thought leaders. The smartphone market research report highlights such key areas assisting businesses operating in the smartphone market to build better growth strategies.

Market Segmentation

The global Smartphone Market Analysis has been segmented based on distribution channel, input device, operating system, region, and type. On the basis of the distribution channel, the market for smartphones is segmented based on OEM, retailer, and e-commerce. Additionally, the market on the basis of input devices, is segmented into touch screen and keypad. The global market for operating systems is also covered based on type segment which is further split into iOS, Windows, and Android. On the basis of type, the market for smartphones is segmented based on entry-level smartphones, performance smartphones, and media-centric smartphones. 

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for smartphones are predominantly covered in the global smartphone market research report. Country-level smartphone markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level smartphone markets are covered in the report. In Asia-Pacific (APAC) region, the country-level smartphone markets covered are Japan, India, China, and others. The smartphone market research report also explores the regional market for smartphones present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The smartphone market research report also covers regional markets from the rest of the world alongside smartphone markets of Africa and the Middle East.

Industry News

A study reveals that, after lower than anticipated shipments in 2020, ASUS attempted to reposition its smartphone division. The study reports, by citing industry sources, that in Q3 2020, ASUS posted revenues of some US$61.8 million, divided between US$17.8 million for older models and USD42 million for new models. ASUS seems to blame the pandemic for not meeting its goals as part of a scarcity aspect, but ASUS plans to reverse its collapse.

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