TECH SUPPLIER Mar 2021 - Market Forecast - Doc # US47525821
Worldwide Smartphone Forecast, 2021–2025
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 1.35 billion units shipped in 2021, up 5.5% from the 1.28 billion units shipped in 2020. From there, shipments will reach 1.53 billion units in 2025, the final year of our forecast period, resulting in a CAGR of 3.6%.
"A strong holiday quarter is set to spill over in 2021 as a strong demand on the supply side of the market is expected to bring more 5G capable units to the market," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "Although we don't see massive consumer demand for 5G handsets yet, a continued increase in production and improved channel planning (online versus offline) is all the sign that we will see healthy growth in the months ahead."
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