TECH SUPPLIER Dec 2020 - Market Forecast - Doc # US47090621

Worldwide Smartphone Forecast Update, 2020–2024: December 2020

By: Anthony ScarsellaResearch Director, Mobile Phones, William Stofega

Abstract

This IDC study presents the updated five-year forecast for smartphone shipments worldwide by operating system. The worldwide smartphone market will reach a total of 1.29 billion units shipped in 2020, down 6.4% from the 1.37 billion units shipped in 2019. From there, shipments will reach 1.47 billion units in 2024, the final year of our forecast period, resulting in a CAGR of 1.3%.

"The improved overall market demand continues to surprise us despite many negative implications related to the ongoing pandemic," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "The third quarter once again came in stronger than initially forecast as retail and telco shops returned to full opening in many markets. We believe the improvement is related to a combination of strong channel promotions to bring down the up-front cost of the device and the fact that consumers in many markets around the world have shifted their normal spending from things like travel, dining out, and nightlife to things like consumer electronics, which includes smartphones."


Coverage

Subscriptions Covered

Mobile Phones


Regions Covered

Worldwide


Topics Covered

Android, Feature phone, Smartphone, iOS


Content


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