The Global Smartphones Market Report 2023 gives the technical and financial data of the market for the present and the foreseeable future. This report is one of the most thorough and significant additions to the Astute Analytica market research archive. It provides a thorough investigation and analysis of important facets of the world market. The supply and demand scenario, pricing set-up, profit margins, production, and market analysis are all examined in this study as major driving forces behind the worldwide Smartphones Market expansion.
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The report incorporates both qualitative and quantitative evaluations from subject-matter experts and representatives across various industries along the supply chain. The global Smartphones Market is projected to witness a major leap forward in its revenue from US$ 273.9 Bn in 2021 to US$ 520.7 Bn by 2030. The market is registering a CAGR of 7.5% over the forecast period 2022-2030. In terms of volume, the market is registering a CAGR of 7.4% over the projection period.
The report gives a thorough analysis of the global Smartphones Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
The key players in the global smartphone market are Apple, Samsung, Xiaomi, Oppo, Huawei, VIVO, Micromax Informatics Ltd., Panasonic Corp, HTC Corporation, and Nokia Corporation among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on the emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the global Smartphones Market includes
By Operating System segment of the Global Smartphones Market is sub-segmented into:
Android
Windows
iOS
Palm OS
Other (Sailfish, Tizen, and Blackberry OS)
By RAM Size segment of the Global Smartphones Market is sub-segmented into:
Below 2GB
2GB-4GB
4GB-8GB
More than 8GB
By Generation segment of the Global Smartphones Market is sub-segmented into:
3G
4G
5G
By Screen Size segment of the Global Smartphones Market is sub-segmented into:
Below 4.0″
0″–5.0″
Above 5.0″
By Price Range segment of the Global Smartphones Market is sub-segmented into:
< US$ 100
US$ 101 – US$ 200
US$ 201 – US$ 500
> US$ 501
By Distribution Channel segment of the Global Smartphones Market is sub-segmented into:
Online
Brand Website
E-marketplaces
Offline
Multi Brand Store
Brand Store
By Brand segment of the Global Smartphones Market is sub-segmented into:
Apple
Samsung
Xiaomi
Oppo
Huawei
VIVO
Others
By Region segment of the Global Smartphones Market is sub-segmented into:
North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Italy
Spain
Poland
Russia
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
South America
Argentina
Brazil
Overall, Astute Analytica’s report on the global Smartphones Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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