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Worldwide Smartphone Forecast Update, 2023–2027: June 2023

Publisher IDC
Published Jun 21, 2023
Length 17 Pages
SKU # IDC18019125

Description

Worldwide Smartphone Forecast Update, 2023–2027: June 2023


This IDC study presents the updated five-year forecast for smartphone shipments worldwide by operating system. The worldwide smartphone market will reach 1.17 billion units shipped in 2023, down 3.2% from the 1.20 billion units shipped in 2022. From there, shipments will hit 1.35 billion units in 2027, the final year of our forecast period, resulting in a CAGR of 2.3%."Elevated channel inventory and a lack of demand have hit the smartphone market harder than initially expected," said Anthony Scarsella, research director with IDC's Worldwide Mobile Device Trackers. "Most vendors continue to play it safe regarding inventory levels and their portfolios. Due to many macroeconomic outliers in most regions, a continued lack of demand may have vendors holding off until 2024 to make a major push with new devices and portfolio upgrades."

Please Note: Extended description available upon request.

Table of Contents

17 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Manage Component Levels
Foldables Headed Mainstream
Market Forecast
Forecast by Operating System
Android
iOS
Forecast Comparison: Smartphones Versus Feature Phones
Feature Phones
Smartphones
Forecast by Region
Smartphone ASP Forecast
Market Context
Drivers and Inhibitors
Drivers
5G Handsets
Screen Sizes
Inhibitors
Economy
Inflation
Significant Market Developments
Google Joins the Foldable Party
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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