TECH SUPPLIER Sep 2018 - Market Forecast - Doc # US44269718
Worldwide Mobile Phone Forecast Update, 2018–2022: September 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 1,931.4 million unit shipments in 2018, down 2.34% from the 1,977.6 million units shipped in 2017. From there, total mobile phone shipments will reach 1,901.1 million units worldwide by 2022, resulting in a CAGR of -0.8% from 2017 to 2022.
"Although 2018 will be a down year for the total mobile phone market regarding volume, 2019 is set to bring a positive return to growth for the smartphone market, while volumes remain near flat in the mobile phone market," says Anthony Scarsella, research manager for IDC's Mobile Phones team. "The 3.7% smartphone growth in 2019 will bring a healthy demand for bigger-screen devices. With the 6in. to 7in. screen band set to make up 20.3% of all smartphone shipments in 2018 and 30.5% in 2019 (5.6% in 2017), proving bigger is better in the world of smartphones. From there, the popularity of larger screens will continue to grow throughout the forecast period as devices at numerous price points will adopt bigger screens. By 2022, the last year of our forecast, the 6in. to 7in. screen size band will reach 662.8 million units. This represents a CAGR of 51.9% for 2017–2022."
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