World smartphone cargo forecast, 2023 and past

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DIGITIMES Analysis expects smartphone shipments to develop 2-9% a yr all through the interval from 2023-2027 with the CAGR for the 5 years to come back to 4.8%.


Trying into the following 5 years from 2023-2027, the influences from COVID-19, the Russia-Ukraine conflict, US rate of interest hikes and international inflation will likely be mitigating yr after yr whereas the developments of 5G telephone upgrades and have telephone customers in rising markets transitioning to low-cost smartphones will keep on, permitting the market to renew development.

Going into 2022, COVID-19 is barely making a restricted influence on most elements of the world. Beginning second-quarter 2022, smartphone parts are not in tight provide and their costs have stopped hovering. Nonetheless, the Russia-Ukraine conflict, rising international inflation and speedy rate of interest hikes by the US Federal Reserve resulting in the surging US greenback have taken a severe toll on shopper buying energy in rising international locations.

Trying into 2023, the top-7 smartphone manufacturers by way of cargo volumes will likely be Samsung, Apple, Oppo, Xiaomi, Vivo, Transsion and Honor, collectively to ship practically 1.04 billion telephones and signify 86.4% of the worldwide market.

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