According to the latest report of the IMARC group, entitled “Smartphone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information on Smartphone market share. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market. The global smartphone market reached 1,355 million units in 2021.

A smartphone is a portable smart device that offers advanced functionality and connects to a cellular network and the Internet. It is widely used for many purposes such as messaging, gaming, calling, shopping online, transferring funds, clicking pictures and sending emails. Also, it facilitates communication, portability, navigation, security, online banking and entertainment. Thanks to these advantages and the introduction of advanced variants, smartphones have gained popularity among individuals.

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We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Global Smartphone Market Trends:

The market is mainly driven by the growing demand for wearable devices across the world. Additionally, the shift in consumer preferences towards smart devices that provide various benefits such as easy internet access, advanced audio and video calling features, web browsing and online ordering, contributes to market growth. Also, the introduction of various innovative smartphones with miniaturized cameras, high resolution sensors and improved battery life is increasing the demand for the products. Additionally, consumers are widely using smartphones to make contactless payments as it eliminates the need for card swiping and minimizes the risk of human errors, which is another major growth driver. Additionally, increasing labor force, rising internet penetration, and increasing consumer disposable income are some of the other factors expected to propel the growth of the market. Looking ahead, IMARC Group expects the market volume reach 1,715 million units by 2027, growing at a CAGR of 3.70% during the forecast period (2022-2027).

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Competitive landscape with key players:

The report has also analyzed the competitive landscape of the market with some of the key players.

• Apple Inc.
• HTC Company
• Huawei Technologies Co.Ltd. (Huawei Investment & Holding Co. Ltd.)
• international lava
• Lenovo Group Limited
• Nokia Company
• Realme Chongqing Mobile Telecommunications Corp. ltd. (BBK Electronics Corporation)
• Samsung Electronics Co.Ltd.
• Sony Company
• TCL Technology
• Xiaomi Corporation
• ZTE Company

Smartphone market segmentation:

Our report has categorized the market based on region, operating system, display technology, RAM capacity, price range, and distribution channel.

Breakdown by operating system:

Breakdown by display technology:

• LCD technology
• OLED technology

Breakdown by RAM capacity:

• Below 4 GB
• 4 GB – 8 GB
• More than 8 GB

Breakdown by price range:

• Ultra low-end (under $100)
• Low end ($100 –
• Mid-Range ($200 –
• Mid to high end ($400 –
• High end ($600 –
• Premium ($800 –

Breakdown by distribution channel:

• OEM
• Online stores
• Retailers

Breakdown by region:

• North America (USA, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Main highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape

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The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

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