Global Smartphone Market is Expected to Grow at a CAGR of 7.5% during the Forecast period (2016-2024)

Smartphone Market

Ney York, USA, 2018-Apr-26 — /EPR Network/ —According to Goldstein Research, Chinese manufacturers are expected to witness astounding growth for smartphone market due to the rising demand for affordable android based smartphones. Moreover, change in government policies is playing a vital role in smartphone market particularly in developing nations. For instance, Indian government has recently implemented GST which led to decline in the price of smartphones. Global Smartphone Market Outlook also includes product development, technological advancements and investment strategies adopted by major market players in order to expand their business across the globe. Moreover, key vendors are spending on R&D for developing flexible screens and in-built projector feature for future smartphones. Industry players such as Nokia are investing in their concept device named Morph to develop it as a wearable smartphone.

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Market Segmentation

On the basis of our in-depth analysis, global smartphone market can be segmented as follows:

Based on Price

  • High-Range
  • Mid-Range
  • Low-Range

Based on Operating System

  • Android
  • iOS
  • Windows
  • Other Operating System (Blackberry OS, Tizen, Sailfish)

Based on Distribution Channel

  • Online Channel
  • Offline Channel

Based on Geography

  • North America (U.S. & Canada) Smartphone Market {Market Share (%), Market Size(USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Smartphone Market {Market Share (%), Market Size(USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Smartphone Market {Market Share (%), Market Size(USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Smartphone Market {Market Share (%), Market Size(USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Smartphone Market {Market Share (%), Market Size(USD Billion)}

“Global Smartphone Market Outlook 2024” contains detailed overview of the global smartphone market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by components, by technology and by end-user.

Further, for the in-depth analysis, Global Smartphone Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Gentex Corporation, Magna International Inc., Samsung Electronics Co. Ltd., Toshiba Corporation, Panasonic Corporation, LG Electronics, Pro Display, PERSEUS MIRRORS, Keonn Technologies, actiMirror, ELECTRIC MIRROR, Ad notam AG, OAK LABS, MemoMi Labs, Alkè, Tech2o, Evervue Inc. and Séura. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global smartphone market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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About Goldstein Research 

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.


Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on Hardware and ICT research reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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