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Smartphone Market Report 2022-2027: Top Brands (Apple Inc.,

smartphone market

smartphone market

According to the latest report by IMARC Group titled “Smartphone Market: Global Industry Trends, Share, Size, Growth, Opportunities, Forecast 2022-2027”, provides a comprehensive analysis of the industry, which includes insights into the smartphone market. The report also includes competitor and regional analysis, and contemporary developments in the global market. The global smartphone market reached 1,355 million units in 2021. Looking ahead, IMARC Group expects the market size to reach 1,715 million units by 2027, expanding at a compound annual growth rate of 3.70% during the forecast period (2022). -2027).

A smartphone refers to a portable electronic device that provides advanced functionality and connects to a cellular network and the Internet. It consists of a GPU, LTE modem, CPU, video and display processor, and so on. The smartphone is made using aluminum, plastic, gold, silicon, copper, silver, lithium and cobalt. It is widely used for calling, gaming, music, video, messaging, online shopping, emailing, banking, reading news and clicking pictures. A smartphone consists of a battery, memory, storage, modem, screen, camera, sensors, lens, and processor. It helps with portability, productivity applications, ease of connectivity, navigation, security, online banking, and entertainment. In addition, smartphones have advanced operating systems, features, and virtual keyboards as compared to mobile phones.

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Global Smartphone Market Trends:

One of the primary factors driving the smartphone market is the growing demand for wireless mobile devices worldwide. Besides, shifting consumer preference towards gadgets that offer advanced features, web browsing, ease of access, endless applications and instant online demand is fueling the growth of the market. Moreover, smartphones provide enhanced convenience, security, various connectivity features, and easy access to the internet, which is also stimulating the global market. Apart from this, the introduction of miniature cameras with higher resolution sensors, improved battery life, and reliability act as another important factor stimulating the growth. In addition, the product’s growing popularity among consumers for making contactless payments, as it eliminates the need for card swiping and manual input, helps reduce human errors and facilitates a smoother payment experience, is also spurring market growth. Moreover, the increasing number of workers, growing internet penetration, and inflated spending capabilities of consumers are expected to drive the smartphone market during the forecast period.

Explore the full report with table of contents: https://www.imarcgroup.com/smartphone-market

Competitive landscape with major players:
The report has also analyzed the competitive landscape of the market with some of the key players.
• Apple Inc.
• HTC Corporation
• Huawei Technologies Co., Ltd. (Huawei Investment and Holding Co., Ltd.).
• Lava International
• Lenovo Group Limited
• Samsung Electronics Co., Ltd.
• Sony Corporation
• TCL Technology
• Xiaomi
• ZTE Corporation

Smartphone Market Segmentation:
Our report has categorized the market based on region, operating system, display technology, RAM capacity, price range, and distribution channel.

Breakdown by OS:
• Android
• iOS
• Others

Breakdown by display technique:
• LCD technology
• OLED technology

Breakdown by RAM capacity:
• Less than 4 GB
• 4 GB – 8 GB
• More than 8 GB

Segmentation by price range:
• Extremely low end
Low end
• Mid-range
• Mid to high end
• High end
• Excellent

Differentiation by distribution channel:
• OEMs
• Active Shops
• Retailers

Division by region:
• North America (United States and Canada)
• Europe (Germany, France, the United Kingdom, Italy, Spain and other countries)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, etc.)
• Latin America (Brazil, Mexico and other countries)
• Middle East and Africa (UAE, Saudi Arabia, Qatar, Iraq, etc.)

Highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
Porter’s Five Forces Analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Comprehensive mapping of the competitive landscape

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information about us

IMARC Group is a leading market research firm providing management strategy and market research worldwide. We partner with clients across all sectors and regions to identify the most value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products cover key markets, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech enterprises. Market forecasts and industry analysis of biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are at the forefront of the company’s expertise.

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