Worldwide Mobile Phone Forecast Update, 2020–2024: June 2020

Worldwide Mobile Phone Forecast Update, 2020–2024: June 2020

This IDC study presents the five-year forecast for mobile phone shipments worldwide by device type. The worldwide mobile phone market will reach a total of 1,517.2 million unit shipments in 2020, down 15.5% from the 1,794.7 million units shipped in 2019. From there, total mobile phone shipments will dip to 1,692.3 million units worldwide by 2024, resulting in a CAGR of -1.2% from 2019 to 2024. "The global smartphone will continue to be negatively impacted in 2020 as uncertainties around COVID-19 continue to weaken demand in most major markets," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "The COVID-19 outbreak is expected to further decrease mobile phone shipments than previously forecast declining 15.5% year over year by the end of 2020. We expect 5G to be the prime catalyst of growth in 2021 (8.4%) and beyond as the market is expected to grow throughout the remainder of the forecast period."

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Diversify Your Supply Chain
Balance the Portfolio of Devices
Market Forecast
Worldwide Mobile Phone Forecast by Region
Worldwide Mobile Phone Forecast by Device Type
Feature Phones
Smartphones
Worldwide Mobile Phone Forecast by Air Interface and Air Interface Group
CDMA
GSM
UMTS/WCDMA
4G
5G
Worldwide Mobile Phone Forecast by ASP
Market Context
Drivers and Inhibitors
Drivers
Larger Screen Sizes
5G Handsets
Inhibitors
Supply Chain
COVID-19
Economy
Significant Market Developments
Supply Chain Shake-Up
Changes from Prior Forecast
North America
Asia/Pacific
Latin America
CEMA
Western Europe
Market Definition
Feature Phone
Smartphone
Methodology
Primary Data Sources
Secondary Sources
IDC's Worldwide Quarterly Mobile Phone Tracker
Related Research

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