Market Research Report
Worldwide Smartphone Forecast Update, 2021-2025: September 2021
|Worldwide Smartphone Forecast Update, 2021-2025: September 2021|
Published: September 23, 2021
Content info: 18 Pages
Delivery time: 1-2 business days
This IDC study presents the updated five-year forecast for smartphone shipments worldwide by operating system. The worldwide smartphone market will reach a total of 1.38 billion units shipped in 2021, up 7.4% from the 1.28 billion units shipped in 2020. From there, shipments will reach 1.55 billion units in 2025, the final year of our forecast period, resulting in a CAGR of 3.9%."Despite the ongoing issues surrounding the pandemic and the Delta variant, consumers are continuing to upgrade to more premium smartphones this year," said Anthony Scarsella, research manager, IDC's Worldwide Quarterly Mobile Phone Tracker. "Premium smartphones (priced at $1,000+) continued to grow in the second quarter as the segment displayed 116% growth from last year. Moreover, ASPs across the entire market climbed 9% as buyer preferences trend toward more costly 5G models than entry-level devices."