TECH SUPPLIER Jun 2019 - Market Forecast - Doc # US45234919
Worldwide Mobile Phone Forecast Update, 2019–2023
This IDC study presents the five-year forecast for mobile phone shipments worldwide by device type. The worldwide mobile phone market will reach a total of 1,786.6 million unit shipments in 2019, down 5.4% from the 1,887.7 million units shipped in 2018. From there, total mobile phone shipments will dip to 1,755.4 million units worldwide by 2023, resulting in a CAGR of -1.4% from 2018 to 2023.
"While pockets of growth remain evidient in many emerging markets, large developed markets will continue to struggle in 2019," said Anthony Scarsella, research manager, IDC's Worldwide Quarterly Mobile Phone Tracker. "The 5.4% decline in 2019 can still be attributed in slowing refresh rates and growing ASPs. The pending arrival of 5G could have many consumers sitting 2019 out in hopes of a new 5G in 2020 or 2021. However, the most uncertain market factor is how the United States–China trade dispute will play out over the year."
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