World smartphone shipments will doubtless decline 6.6% year-on-year to 1.084 billion models in 2023, primarily based on DIGITIMES Analysis’s analyses of provide chain data, regional market situations, and geopolitical developments, however the volumes will develop yearly from 2024 to 2028, in accordance with the newest figures from DIGITIMES Analysis’s 5-year report on the worldwide smartphone market.
As shoppers worldwide are adjusting to excessive inflation and the strengthening of the US greenback, coupled with the pattern for function telephone customers in rising markets transitioning to smartphones and the continued 5G improve pattern, international smartphone shipments are anticipated to develop inside a spread of 4-8% yearly within the subsequent 5 years, representing a compounded annual development fee (CAGR) of 6%, the report’s figures present.
Excessive inflation and appreciation of the US forex have led to a decline in buying energy within the US, Europe and rising markets. Moreover, the Chinese language market is lackluster as a consequence of unfavorable financial prospects and low shopper confidence. These components have led to a decline within the international smartphone market in 2023.
The worldwide top-9 manufacturers, as these of 2023, will doubtless be capable of ship over 30 million smartphones every in 2024. These manufacturers ranked so as are Samsung, Apple, Oppo, Xiaomi, Vivo, Transsion, Honor, Huawei, and Lenovo. The 9 manufacturers collectively will maintain a 92.8% market share globally.
DIGITIMES Analysis predicts that shipments of 5G smartphone fashions will barely exceed 564 million models in 2023, representing a 4.1% decline in comparison with the earlier 12 months. Nonetheless, from 2024 to 2028, shipments of 5G smartphones are anticipated to broaden yearly to between 110 million and 180 million models.
