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Mar 2017 - Market Forecast - Doc # US42366217

Worldwide Smartphone Forecast, 2017–2021

Authors: Anthony Scarsella, William Stofega

Abstract

This IDC study presents the updated five-year forecast for smartphone shipments worldwide by device vendors. The worldwide smartphone market will reach a total of 1.53 billion units shipped in 2017, up 4.2% from the 1.47 billion units shipped in 2016. From there, shipments will reach 1.77 billion units in 2021, the final year of our forecast period, resulting in a CAGR of 3.8%.

"The strong holiday quarter lifted shipments in the fourth quarter as both iOS and Android now look to show nearly 5% growth in 2017," says Anthony Scarsella, research manager for IDC's Mobile Phones team. "Despite the solid holiday quarter, 2016 represented the first year of single-digit growth for smartphones on record as both saturation and competition remained high in numerous key growth markets. Although Apple displayed its best quarter (78.3 million iPhones shipped) on record, iOS shipments declined first time in 2016 because many consumers are perhaps waiting for the next evolution of iPhone. 2017 looks to bring in a plethora of interesting devices from both Android vendors and Apple alike. We expect shipments to rebound because of this as 2017 and 2018 are projected to bring over 4.2% growth each year. From there, we expect over 3% growth throughout the remainder of our forecast period."

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