PUBLISHER: MarketLine | PRODUCT CODE: 1310828
PUBLISHER: MarketLine | PRODUCT CODE: 1310828
Global Mobile Phones industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The Mobile Phones market includes mobile phone service revenues and average minutes of use (MOU). Market values are made up of total mobile revenues containing revenues from mobile service providers and other members of the mobile service value-chain for the provision of mobile telephony services, excluding revenues from the sale of devices. Market volumes are made up of two segments: prepaid and postpaid, which consist of prepaid average monthly MOU and postpaid average monthly MOU. Minutes of use are made up from the average of voice minutes used in mobile subscriptions, including both incoming and outgoing calls, but not including M2M/IoT voice services.
All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
The global mobile phones market had total revenues of $776.7 billion in 2022, representing a compound annual growth rate (CAGR) of 0.6% between 2017 and 2022.
Market consumption volumes declined with a negative CAGR of 2.1% between 2017 and 2022, to reach a total of 623.8 average MOU in 2022.
According to Groupe Speciale Mobile Association (GSMA), in 2021, the global 5G adoption rate was 8%, and total connections reached 1 billion in 2022.