TECH SUPPLIER Sep 2022 - Market Forecast - Doc # US49667622

Worldwide Mobile Phone Forecast Update, 2022–2026: September 2022

By:

Anthony Scarsella
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Abstract

This IDC study presents the five-year forecast for mobile phone shipments worldwide by device type. The worldwide mobile phone market will reach 1,515.3 million units shipped in 2022, down 8.5% from the 1,655.5 million units shipped in 2021. From there, total mobile phone shipments will grow to 1,623.1 million units worldwide by 2026, resulting in a CAGR of -0.4% for 2021–2026.

"Despite the sharp shipment decline, average selling prices (ASPs) will grow 8.4% in 2022 and are forecast to remain flat heading into 2025," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "From a regional standpoint, North America will see ASPs reach near $720 in 2022 compared with Asia/Pacific at $327.11. As 5G devices start to consume lower price segments of the market, we will gradually see smartphone ASPs coming down. However, the minimal drop in 2023-2026 will likely be caused by continued demand for premium devices in developed markets such as North America and China."


Coverage

Subscriptions Covered

Mobile Phones


Regions Covered

Worldwide


Topics Covered

Feature phone, Smartphone


Content


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