Global Smartphone Market to Reach 1,998.2 Million Units by 2033, Impelled by Increasing Demand for Portable Devices

November 19, 2024 | Electronics and Semiconductors

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According to the latest report by IMARC Group, titled “Smartphone Market Report by Operating System (Android, iOS, and Others), Display Technology (LCD Technology, OLED Technology), RAM Capacity (Below 4GB, 4GB - 8GB, Over 8GB), Price Range (Ultra-Low-End (Less Than $100), Low-End ($100-<$200), Mid-Range ($200-<$400), Mid- to High-End ($400-<$600), High-End ($600-<$800), Premium ($800-<$1000) and Ultra-Premium ($1000 and Above)), Distribution Channel (OEMs, Online Stores, Retailers), and Region 2025-2033,” the global smartphone market size reached 1,517.0 Million Units in 2024. A smartphone is a portable smart device that provides advanced functionality and connects to a cellular network and the internet. It is widely used for many purposes such as messaging, gaming, calling, online shopping, transferring funds, clicking pictures, and emailing. In addition, it provides easy communication, portability, navigation, safety, online banking, and entertainment. Owing to these benefits and the introduction of advanced variants, smartphones have gained widespread popularity among individuals.

Global Smartphone Market Trends:

The market is primarily driven by the rising demand for portable handheld devices across the globe. In addition, the shifting consumer preferences toward smart devices that offer various benefits such as easy accessibility to the internet, advanced audio and video calling features, web surfing, and online ordering, is contributing to the market growth. Besides this, the introduction of various innovative smartphones with miniaturized cameras, high-resolution sensors, and improved battery life are escalating the product demand. Moreover, consumers are widely using smartphones to make contactless payments as they eliminate the need for card swiping and minimize the risk of human errors, which is another major growth-inducing factor. Furthermore, the expanding working population, increasing internet penetration, and rising disposable incomes of consumers are some of the other factors anticipated to propel the market growth. Looking forward, IMARC Group expects the market volume to reach 1,998.2 Million Units by 2033, expanding at a CAGR of 3.08% during the forecast period (2025-2033).

Market Summary:

On the basis of the operating system, the market has been classified into android, iOS, and others.
Based on the display technology, the market has been bifurcated into LCD and OLED technologies.
On the basis of the RAM capacity, the market has been segmented into below 4 GB, 4GB - 8GB, and over 8GB.
The market has been categorized based on the price range into ultra-low-end (less than $100), low-end ($100-<$200), mid-range ($200-<$400), mid- to high-end ($400-<$600), high-end ($600-<$800), premium ($800-<$1000) and ultra-premium ($1000 and above).
Based on the distribution channel, the market has been segregated into OEMs, online stores, and retailers.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the industry has also been examined, along with the profiles of the key players. Some of these players include Apple Inc., HTC Corporation, Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.), Lava International, Lenovo Group Limited, Nokia Corporation, Realme Chongqing Mobile Telecommunications Corp. Ltd. (BBK Electronics Corporation), Samsung Electronics Co. Ltd., Sony Corporation, TCL Technology, Xiaomi Corporation and ZTE Corporation.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million Units
Segment Coverage	Operating System, Display Technology, RAM Capacity, Price Range, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Apple Inc., HTC Corporation, Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.), Lava International, Lenovo Group Limited, Nokia Corporation, Realme Chongqing Mobile Telecommunications Corp. Ltd. (BBK Electronics Corporation), Samsung Electronics Co. Ltd., Sony Corporation, TCL Technology, Xiaomi Corporation and ZTE Corporation
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Smartphone Market to Reach 1,998.2 Million Units by 2033, Impelled by Increasing Demand for Portable Devices

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