TECH SUPPLIER Mar 2018 - Market Forecast - Doc # US43624118
Worldwide Smartphone Forecast, 2018–2022
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 1.49 billion units shipped in 2018, up 2.1% from the 1.46 billion units shipped in 2017. From there, shipments will reach 1.68 billion units in 2022, the final year of our forecast period, resulting in a CAGR of 2.8%.
"To keep up with the increasing demand for the new AI, AR/VR, contextually aware, and 5G functionalities headed to the market, we expect growth to come from improvements in overall core functions in the near term," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "Improvements in speed, power, battery life, and general performance will be critical in driving growth at a worldwide level as the smartphone evolves into a true all-in-one tool. Although these types of improvements seem to arrive each year, delivering it more affordable will carry even greater significance to consumers as many highly competitive emerging markets remain crucial in driving growth throughout the forecast period."
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