TECH SUPPLIER Dec 2017 - Market Forecast - Doc # US43319218
Worldwide Mobile Phone Forecast Update, 2017–2021: December 2017
This IDC study presents the five-year forecast for mobile phone shipments worldwide by device vendors. The worldwide mobile phone market will reach a total of 1,994 million unit shipments in 2017, up 0.6% from the 1,982.9 million units shipped in 2016. From there, total mobile phone shipments will reach 2,001.3 million units worldwide by 2021, resulting in a CAGR of 0.2% from 2016 to 2021.
"Although total market growth in 2017 is expected to be less than 1%, the average selling price for a mobile phone will climb a staggering 9% from 2016," says Anthony Scarsella, research manager for IDC's Mobile Phones team. "In an age where consumers expect technology to become more affordable as it ages, the high end of the spectrum for smartphones continues to flourish. New devices such as the iPhone X, Note 8, and Pixel 2 XL have reached the $1,000+ threshold in many markets, and we expect other vendors to join the party. By 2021, the last year of our forecast period, the average selling price for a mobile phone will jump to $273.01, resulting in a CAGR of 4.9% from 2016 to 2021."
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