PUBLISHER: MarketLine | PRODUCT CODE: 1780349
PUBLISHER: MarketLine | PRODUCT CODE: 1780349
Global Mobile Phones industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume , and forecast to 2029). 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 usage (MOU). Market values include 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 cover prepaid and postpaid, which consist of prepaid average monthly MOU and postpaid average monthly MOU. Minutes of use are made up of 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 based on nominal prices, and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates. The USD values may show a declining trend for a few countries, such as Argentina, Turkey, Nigeria, Egypt, and Russia. This is primarily because of the impact of exchange rates considered.
The global mobile phones market recorded revenues of $755.5 billion in 2024, representing a compound annual growth rate (CAGR) of 0.7% between 2019 and 2024.
Market consumption volumes declined with a negative CAGR of 2.1% between 2019 and 2024, reaching a total of 24,804.4 average MOU in 2024.
Asia-Pacific accounted for 39.4% of the global mobile phones market in 2024, followed by North America with 32.7% share and Europe with 19.8% share.