Smartphone Market will Showcase Neutral Impact during 2020-2024|Growing Adoption of AI in Smartphones to Boost the Market Growth

Home / Smartphone Market will Showcase Neutral Impact during 2020-2024|Growing Adoption of AI in Smartphones to Boost the Market Growth

Technavio has been monitoring the smartphone market and it is poised to grow by 64.05 mn units during 2020-2024, progressing at a CAGR of almost 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Smartphone Market 2020-2024 (Graphic: Business Wire)

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Apple Inc., BBK Electronics Corp. Ltd., HTC Corp., Huawei Investment & Holding Co. Ltd., LG Electronics Inc., Nokia Corp., Samsung Electronics Co. Ltd., Sony Corp., and ZTE Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Growing adoption of AI in smartphones has been instrumental in driving the growth of the market.

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Smartphone Market 2020-2024: Segmentation

Smartphone Market is segmented as below:

  • Technology

  • Price Range

    • Less Than $150

    • Between $150-$800

    • Greater Than $800

  • Screen Size

    • Less Than 5 Inches

    • Between 5-6 Inches

    • Greater Than 6 Inches

  • Geographic Landscape

    • APAC

    • Europe

    • MEA

    • North America

    • South America

Smartphone Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The smartphone market report covers the following areas:

This study identifies consumer’s shift to online purchases as one of the prime reasons driving the smartphone market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Smartphone Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist smartphone market growth during the next five years

  • Estimation of the smartphone market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the smartphone market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of smartphone market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY TECHNOLOGY

  • Market segmentation by technology

  • Comparison by technology

  • Android – Market size and forecast 2019-2024

  • iOS – Market size and forecast 2019-2024

  • Others – Market size and forecast 2019-2024

  • Market opportunity by technology

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY PRICE

  • Market segmentation by price

  • Comparison by price

  • Between $150-$800 – Market size and forecast 2019-2024

  • Less than $150 – Market size and forecast 2019-2024

  • Greater than $800 – Market size and forecast 2019-2024

  • Market opportunity by price

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • APAC – Market size and forecast 2019-2024

  • Europe – Market size and forecast 2019-2024

  • North America – Market size and forecast 2019-2024

  • MEA – Market size and forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity

PART 10: MARKET SEGMENTATION BY SCREEN SIZE

  • Market segmentation by screen size

  • Comparison by screen size

  • Between 5-6 inches – Market size and forecast 2019-2024

  • Greater than 6 inches – Market size and forecast 2019-2024

  • Less than 5 inches – Market size and forecast 2019-2024

  • Market opportunity by screen size

PART 11: DRIVERS AND CHALLENGES

  • Market drivers

  • Market challenges

PART 12: MARKET TRENDS

PART 13: VENDOR LANDSCAPE

  • Overview

  • Landscape disruption

  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Alphabet Inc.

  • Apple Inc.

  • BBK Electronics Corp. Ltd.

  • HTC Corp.

  • Huawei Investment & Holding Co. Ltd.

  • LG Electronics, Inc.

  • Nokia Corp.

  • Samsung Electronics Co. Ltd.

  • Sony Corp.

  • ZTE Corp.

PART 15: APPENDIX

PART 16: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201001005743/en/

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