Covina, United States: Global Mobile Phone Market, By Operating System (Symbian, Blackberry, Windows, iPhone OS, Android, Linux, Web OS, and Others), By Device Type (Consumer phones, and Business phones), By Input (Touch screen, Keyboard, and Keypad) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2030
Mobile Phone Market Outlook
- Market Value 2018: US$ 800.3 Bn
- Market Value Estimation 2030: US$ 1115.96 Bn
- CAGR: 2.9%
Cell phones or cellphones are terms used to describe electronic telecommunications devices. The Mobile Phone is a portable phone that can make and receive calls over a radio frequency link while the user is on the go inside a phone service area. Access to the public switched telephone network is made possible through the radio frequency link, which creates a connection to a mobile phone operator’s switching systems (PSTN). Voice conversations, Short Message Service, online browsing, and email are typically available on mobile devices.
Top News relating to Industry, Innovation:
- In September 2019 – Amid the slumping Samsung’s flagship phone sales, the company is looking for foldable to be its next big growth engine. The company after announcing Galaxy Fold is reportedly working on a second foldable device that folds down into a compact-sized square.
- In September 2019 – Xiaomi, launched another 5G handset, Mi 9 5G in China. The new 5G handset features three cameras on the rear panel and single sensor on the front and is powered by Qualcomm Snapdragon 855 Plus SoC.
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Key Segmentation of the Mobile Phone market:
Mobile Phone Market is estimated to be US$ 1115.96 billion by 2030 with a CAGR of 2.9% during the forecast period. The market report has been segmented based on the operating system, device type, input, and region.
- By operating system, android and iPhone OS are anticipated to register high CAGR during the forecast period.
- By device type, consumer phones always have seen dominant in the market and projected to register a high CAGR during the forecast period.
- By input, touchscreen segment is going to dominate the market as earlier, and also it has seen to expand in the future market.
- By region, Asia-Pacific is projected to lead the global Mobile Phone market and is expected to remain dominant during the forecast period, due to increasing consumer spending across regions has driven the sales of mobile phone markers.
The Mobile Phone Market Report mentions the following promising regions:
- North America – U.S., Canada
- Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
- Latin America – Brazil, Mexico, Argentina, Rest of Latin America
- Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
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Top-tier significant players:
The prominent player operating in the global Mobile Phone market includes Samsung, Huawei, Apple, Xiaomi, Vivo Communication Technology Co. Ltd., Guangdong OPPO Mobile Telecommunications Corp., Ltd, Nokia Corporation, AsusTek Computer Inc., Sony Corporation, and Motorola, Inc.
Premium Report offers:
- Assessments of market share for the regional and national segments
- A description of the business, including its goals, finances, and most recent advancements.
- In addition to a comprehensive analysis of market share, the report contains data on significant drivers, restraints, and opportunities.
- The market power of consumers and suppliers is demonstrated via Porter’s five forces study.
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