Worldwide Smartphone Forecast Update, 2018–2022: September 2018
This IDC study presents the updated five-year forecast for smartphone shipments worldwide by device vendors. The worldwide smartphone market will reach a total of 1.45 billion units shipped in 2018, down 0.7% from the 1.47 billion units shipped in 2017. From there, shipments will reach 1.65 billion units in 2022, the final year of our forecast period, resulting in a CAGR of 2.4%."The combination of increased prices and longer upgrade cycles has hindered the overall growth of smartphone shipments in 2018," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "Although 2018 will bring a decline to the market, we expect single-digit growth across both iOS and Apple, thanks to the arrival of new bigger, brighter displays, artificial intelligence, and improved imaging capabilities. Moreover, the arrival of 5G could be the big motivator to drive upgrades in 2020 when we expect a bulk of new 5G-enabled devices to hit the market."
Please Note: Extended description available upon request.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook