Smartphone Industry Report 2023
The global smartphone industry has witnessed significant growth over the years, driven by advancements in technology, increasing consumer demand, and evolving lifestyles. However, the industry faced challenges in 2022 due to constrained demand and supply chain disruptions, impacting smartphone shipments across major global markets.
The industry challenges were driven by economic uncertainties and supply chain disruptions affecting global markets. However, the situation has started to improve with easing supply constraints in the later part of the year. In terms of future trends, 5G devices are expected to increase their penetration in lower price bands, driving growth in the mid-tier segment among Android vendors.
The decline in smartphone ASPs may suggest that consumers are becoming more price-sensitive when it comes to their mobile devices. This could create opportunities for companies that offer affordable yet high-quality smartphones, particularly in emerging markets where smartphone adoption is still growing.
In terms of competition, the industry is highly competitive, with
top players vying for market share. Key competitors include industry giants such
as Samsung, Apple, Xiaomi, Huawei, and Vivo. These companies continue to
innovate and introduce new devices with advanced features to attract
consumers in different price segments.
This report provides an analysis of the Industry and its current landscape. This report is useful for M&A, business & investment analysis to all students, researchers, investors, private equity houses, broking firms, hedge funds, advisory firms and corporates to decide upon their investment strategies. Do connect with us, if you are looking for equity valuation, recommendation, analysis and market recommendation for any specific company, sector or industry.
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― Market Overview
― Vendor Market Share
― Smartphone Consumption
Technology Landscape of the Market
― Mobile Commerce
― Smartphone Devices Lifecycle
Market Segmentation by Geography
No of Pages: 334
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