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Worldwide Mobile Phone Forecast Update, 2024-2028: June 2024

Publisher IDC
Published Jun 27, 2024
Length 23 Pages
SKU # IDC18931009

Description

Worldwide Mobile Phone Forecast Update, 2024-2028: June 2024


This IDC study presents the five-year forecast for mobile phone shipments worldwide by device type. The worldwide mobile phone market will reach 1,406.9 million units shipped in 2024, up 1.9% from the 1,380.1 million units shipped in 2023. From there, total mobile phone shipments will grow to 1,440.5 million units worldwide by 2028, resulting in a CAGR of 0.9% from 2023 to 2028."The 4% smartphone growth forecast for 2024 is a small indicator that the market is starting to normalize after the ups and downs caused by the COVID-19 pandemic, war, and the economy," said Anthony Scarsella, research director with IDC's Worldwide Quarterly Mobile Phone Tracker. "Despite the fact that we do not expect to reach pre-pandemic volumes during the forecast period, we are witnessing strong demand from emerging markets that looks promising for vendors, consumers, and the overall health of the market. Moreover, the minimal growth in ASP points to prices reaching their summit as more affordable models enter the market to supply the demand with emerging markets."

Please Note: Extended description available upon request.

Table of Contents

23 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Extended Refresh Cycles
4G Declining Slower than Forecast
Market Forecast
Worldwide Mobile Phone Forecast, 2023–2028
Worldwide Mobile Phone Forecast by Region
Mobile Phone Forecast by Device Type
Feature Phones
Smartphones
Mobile Phone Forecast by Air Interface Group
GSM/CDMA
UMTS/WCDMA
4G
5G
Worldwide Mobile Phone Forecast by ASP
Market Context
Drivers and Inhibitors
Drivers
5G Handsets
Screen Sizes
Inhibitors
Replacement Cycle
Inflation
Significant Market Developments
HMD-Branded Devices Enter the Market
Changes from Prior Forecast
Market Definition
Feature Phone
Smartphone
Methodology
Primary Data Sources
Secondary Sources
IDC's Worldwide Quarterly Mobile Phone Tracker
Related Research

Pricing

Currency Rates
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