Samsung Electronics Co., Ltd., Apple Inc., Huawei Device Co., Ltd., Xiaomi Group, Vivo Mobile Communication Co., Ltd., LG Electronics, Sony Corporation, Oppo, Motorola Mobility LLC, and HTC Corporation, among others, are the key players in the global market for smartphones.
The global smartphones market size reached a volume of 1277.70 million units in 2023. The market is expected to grow at a CAGR of 3.5% in the forecast period of 2024-2032, to attain a volume of around 1570.62 million units by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the rising disposable incomes of consumers.
Smartphones are a specific subset of mobile phones that provide incredibly high hardware and software performance. They come with a wide range of multimedia possibilities, including smart applications, music, cameras, and gaming capabilities, in addition to all the basic functionalities of feature phones, such as talking and messaging. These gadgets can also have a number of sensors and support a variety of wireless connection protocols, such as Wi-Fi, Bluetooth, and satellite navigation.
Dependence on smartphones has increased due to how simple it is for users to manage applications, photos, galleries, and documents. The growing consumer interest in music, games, travel-related navigational aids, entertainment, social networking, and personalisation is expected to fuel the expansion of the smartphones market. They are progressively replacing large laptops and desk-hogging computers.
The market is also expanding as a result of growing consumer demand for products that accept contactless payments. Smartphones make it optional to swipe cards or enter data manually, which reduces human error and creates a smoother shopping experience. The demand for cell phones has grown dramatically as a result of increased consumer disposable incomes and an expanding working population, particularly in emerging economies. This is expected to speed up the market's growth during the course of the forecast timeframe.
Asia Pacific is one of the significant regions in the market for smartphones due to a large consumer base and a rapidly advancing telecom sector. Many nations, like Singapore, South Korea, Japan, and Australia, are stepping up their investments in their domestic telecom industries, which is also anticipated to fuel the region's smartphones market.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
|Headquarters:||Suwon-si, South Korea|
Samsung is a leading manufacturer of a variety of electronic products worldwide, specialising in the creation of a broad range of consumer and business electronics, including electronics for appliances, memory chips, digital media, semiconductors, and integrated systems. The company specialises in business printing solutions, digital appliances, visual displays, and health and medical equipment. The company also has a division for IT & mobile communications (IM), which operates mobile communications, digital imaging business, and networks. IM also manufactures and sells mobile phones, including smartphones and multimedia phones, as well as ICT systems, and cameras.
|Headquarters:||California, United States|
Apple is an American global technology company that creates, produces, and sells mobile phones, personal computers (PCs), tablets, and other wearable technology. Additionally, the company offers software, networking solutions, add-ons, related services, as well as third-party digital content and applications. The platforms via which Apple offers and disseminates digital content and applications include the Apple Store, Apple News+, App Store, Apple Pay, Apple Arcade, Apple Fitness+, Apple Card, and Apple Music.
Huawei is a leading supplier of various smart products and information and communications technology infrastructure and offers electronic goods. The company sells a variety of related devices, including laptops, smartphones, tablets, wearables, routers, networking, data storage, and audio equipment. The company specialises in telecom networks, smart devices, IT, and cloud services, offering integrated solutions. More than 180,000 people work at Huawei, which has operations in more than 170 territories and nations.
Xiaomi is renowned manufacturer of smart products and consumer electronics, with an IoT platform at its core which connects smart gear with smartphones. The company develops, produces, and markets hardware and software for smartphones. The business divisions that Xiaomi operates in are hardware, e-commerce & new retail, and internet services. Its goods include spherical cameras, home security cameras, action cameras, robot builders, electric scooters, bedroom lamps, and body composition scales in addition to power banks, smartphones, headphones, and in-ear headphones.
Vivo Mobile Communication Co., Ltd. is a Chinese technology company that creates and builds software, smartphones, smartphone accessories, and internet services. The company produces and markets smartphones, mobile phones, and other products. Additionally, Vivo Mobile Communications offers after sale services. The company creates apps for its phones, which are made available through its V-Appstore. They include iManager, an Android-based operating system called Origin OS in Mainland China, and Funtouch OS elsewhere.
|Headquarters:||Seoul, South Korea|
LG Electronics Inc. specialises in the manufacturing and marketing of home appliances and digital display equipment. Its product portfolio includes telecommunications devices such as tablets and smart phones, flat panel televisions, refrigerators, A/V appliances, air conditioners, and washing machines. For all climate requirements, LG offers optimal HVAC solutions that deliver clean, crisp air for various commercial settings. The company’s areas of business are home entertainment, home appliances, energy solutions, mobile communications, air conditioning, and independent business,
Sony Group Corp. (Sony) produces electronic gadgets, semiconductors, and tools and equipment for the medical industry. It works on the creation, design, production, and marketing of video game consoles, electrical instruments, gadgets, and software for consumer, professional, and industrial sectors. The corporation sells a variety of electronic devices, such as televisions, music players, cell phones, smartphones, cameras, software, game consoles, semiconductors, and batteries.
OPPO is a Chinese producer of consumer electronics. The company's main product categories are electronic goods including power banks, audio equipment, smartphones, and smart devices. The company entered into the phone market in 2008 with the introduction of the Smile Phone, whose sales were restricted to China. The Oppo N1, the first smartphone in the world featuring a swivel camera, was released in 2014.
|Headquarters:||Illinois, United States|
An American firm called Motorola, also known as Motorola Mobility LLC, specialises in creating smartphones and other mobile devices that run on the Android operating system. It is a subsidiary of the Lenovo Group, a global technology company with headquarters in China. Through its technologies, goods, and services, the company facilitates varied mobile and wireline digital communication, information, and entertainment experiences. Mobile Devices and Home are the two business segments of the company.
HTC is an innovative firm that develops new mobile and immersive technology products, services, and platforms. Initially, HTC created and produced laptop computers as an original equipment manufacturer and original design manufacturer. HTC Corp designs, develops, and produces hardware for virtual reality, mobile devices, and tablets. The company specialises in smartphones, VIVE virtual reality headsets, blockchain phone, and 5G, with an aim to create best-in-class design and mobile experiences that are game-changing.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.