TECH SUPPLIER Dec 2022 - Market Forecast - Doc # US49927122

Worldwide Mobile Phone Forecast Update, 2022–2026: December 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 1,474.6 million units shipped in 2022, down 10.9% from the 1,655.5 million units shipped in 2021. From there, total mobile phone shipments will grow to 1,550.7 million units worldwide by 2026, resulting in a CAGR of -1.3% from 2021 to 2026.

"2022 will represent the first time we have witnessed a drop in every region for the mobile phone market," said Anthony Scarsella, research director with IDC's Worldwide Quarterly Mobile Phone Tracker. "The 10.9% drop for 2022 also represents the largest yearly drop we have ever recorded and even slightly surpasses the 10.4% drop we witnessed in 2020 from the COVID-19 pandemic. Inflation has hindered consumer spending and ultimately decreased demand for mobile phones in the short term."


Coverage

Subscriptions Covered

Mobile Phones


Regions Covered

Worldwide


Topics Covered

Air interface, Feature phone, Smartphone


Content


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