TECH SUPPLIER Jun 2018 - Market Forecast - Doc # US44005718
Worldwide Mobile Phone Forecast Update, 2018–2022: June 2018
This IDC study presents the five-year forecast for worldwide mobile phone shipments by device vendor. The worldwide mobile phone market will reach a total of 1,932.6 million unit shipments in 2018, down 2.26% from the 1,977.4 million units shipped in 2017. From there, total mobile phone shipments will reach 1,913.0 million units worldwide by 2022, resulting in a CAGR of -0.7% from 2017 to 2022.
"This year is set to bring a slightly greater decline than previously forecast due to a continued slowdown in replacement rates in many developed markets," says Anthony Scarsella, research manager for IDC's Mobile Phones team. "Although 2018 will be a down year for the total mobile phone market regarding volume, there are plenty of positive points to take into consideration. The continued success of ultra-high-end flagships in developed markets will have ASP growing a staggering 12.2% in 2018. From there, prices will continue to grow throughout the forecast period as pricier 5G phones hit the market in 2019. By 2022, the last year of our forecast, the ASP for a mobile phone will reach $314. This represents a CAGR of 5.9% for 2017–2022."
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