Global Mobile Phone Market 2021-2025

Global Mobile Phone Market 2021-2025

Technavio has been monitoring the mobile phone market and it is poised to grow by 551.42 mn units during 2021-2025, progressing at a CAGR of 5.76% during the forecast period. Our report on the mobile phone market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing adoption of smartphones and the launch of mobile phones with 5G technology. In addition, the growing adoption of smartphones is anticipated to boost the growth of the market as well.

The mobile phone market analysis includes the type segment and geographic landscape.

Technavio's mobile phone market is segmented as below:

By Type

• Smartphone
• Feature phone

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• MEA

This study identifies the growing adoption of AI in smartphonesas one of the prime reasons driving the mobile phone market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on mobile phone market covers the following areas:

• Mobile phone market sizing
• Mobile phone market forecast
• Mobile phone market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mobile phone market vendors that include Apple Inc., ASUSTeK Computer Inc., BBK Electronics Corp. Ltd., Huawei Investment and Holding Co. Ltd., Lenovo Group Ltd., Nokia Corp., Samsung Electronics Co. Ltd., Sony Corp., Xiaomi Corp., and ZTE Corp. Also, the mobile phone market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Apple Inc., ASUSTeK Computer Inc., BBK Electronics Corp. Ltd., Huawei Investment and Holding Co. Ltd., Lenovo Group Ltd., Nokia Corp., Samsung Electronics Co. Ltd., Sony Corp., Xiaomi Corp., ZTE Corp.