TECH SUPPLIER Mar 2021 - Market Forecast - Doc # US47524521
Worldwide Mobile Phone Forecast, 2021–2025
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 1,650.7 million unit shipments in 2021, up 2.7% from the 1,607.0 million units shipped in 2020. From there, total mobile phone shipments will grow to 1,716.0 million units worldwide by 2025, resulting in a CAGR of 1.3% for 2020–2025.
"Although we witnessed a 10.5% decline in 2020, the mobile phone market continues to show resilience despite the ongoing pandemic," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "Strong demand in the fourth quarter for 5G-powered iOS devices helped keep the market from displaying bigger declines than what we forecast one year ago. We still see demand carrying over into 1Q21 and forecast 2.7% growth for the year as stores reopen and vaccines become more widely available to the public."
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