TECH SUPPLIER Jun 2021 - Market Forecast - Doc # US47969821
Worldwide Smartphone Forecast Update, 2021–2025: June 2021
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 1.38 billion units shipped in 2021, up 7.7% from the 1.28 billion units shipped in 2020. From there, shipments will reach 1.54 billion units in 2025, the final year of our forecast period, resulting in a CAGR of 3.7%.
"Although the 7.7% growth will feel like an impressive market turnaround, we must keep in mind that we are rebounding from one of the most challenging years on record," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "2021 will represent the largest year-over-year growth the market has witnessed since 2015, as the shift toward 5G across all price tiers continues to accelerate. The 5G shift will also deliver peak smartphone ASPs in 2021 ($376, up 9.7% year over year) when compared with the remainder of the forecast period as costly 5G devices continue to replace LTE devices, which are also starting to drop in price, down 27% in 2021."
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