Global Smartphones Market Overview:
Smartphones refer to the computing device used to make phone calls, send text, accessing the internet and check emails and use a variety of applications in it. It helps the user to keep pictures, memories, personal info, correspondence, health and financial data in one place. The device primarily improves people’s communication with each other quickly through SMS, text messaging, call, video chat, and apps across the globe. According to AMA, the Global Smartphones market is expected to see growth rate of 6.53%
Market Drivers
- Expected High Demand of Smartphones in Future with Enhanced Technology
- Growing Pool of Internet Users
- Decrease in Price of Smartphones and Services
Market Trend
- Technology Advancement in Smartphones
- Rise in Demand for Ai-Capable Processors in Mobile Devices
- Rise in Disposable Income across the Globe
Restraints
- Fear, Uncertainty and Doubt of Consumer Regarding the Product
- Safety, Security and Theft Issues
Opportunities
- Adoption of Smartphones in Underdeveloped Economies as well as Untapped Market
- Rising Smartphones Advertising Industry Market
Challenges
- Carrier Aggregation Complexity
- Power Management Challenges
Competitive Landscape:
Some of the key players profiled in the report are Apple Inc. (United States), Google Inc. (United States), Motorola Inc. (United States), Samsung Electronics Co., Ltd (South Korea), LG Electronics (South Korea), Huawei Technologies Co., Ltd. (China), Xiaomi Corporation (China), Oppo Electronics Corporation (China), Vivo Communication Technology Co. Ltd. (China), Lenovo Group Ltd. (Hong Kong), Sony Corporation (Japan), Nokia Corporation (Finland) and BlackBerry Limited (Canada). Additionally, following companies can also be profiled that are part of our coverage like ZTE Corporation (China), HTC Corporation (Taiwan), Acer Inc. (Taiwan), Asustek computer Inc. (Taiwan) and Benq Corporation (Taiwan). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Smartphones market by 2024. Considering Market by Input , the sub-segment i.e. Touchscreen will boost the Smartphones market. Considering Market by Distribution Channel, the sub-segment i.e. OEM will boost the Smartphones market. Considering Market by Operating system, the sub-segment i.e. Anroid will boost the Smartphones market.
Market Highlights:
In September 2018, Google a multinational company completes its acquisition of HTC hardware division. Google is getting a team of 2000 experienced engineers, designers and other supporting staff.
Under the law, “FDA reviewed the safety of radiation emitting consumer product such as cell phones and similar wireless devices before they are been sold. FDA has the authority to take action if the cellphone is shown to emit radiofrequency energy are at the level that is hazardous to the user. FDA could require cell phone manufacturers to notify users of the health hazard and to repair, replace or recall the phones so that the hazard no longer exists.”
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smartphones market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smartphones market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw material and manufacturing equipment suppliers, Original equipment manufacturers (OEMs), Research institutes, Market research and consulting firms, Forums, alliances, and associations, Technology investors, Governments and financial institutions, Analysts and strategic business planners and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.