The Impact of Emerging Technologies on Smartphone-Based Income Opportunities in 2025

Smartphone Market Size, Share & COVID-19 Impact Analysis, By Operating System (Android, iOS, Windows and Others), By Distribution Channel (OEMs Stores, Retailer and E-commerce) and Regional Forecast, 2022-2029

The global smartphone market size was valued at USD 457.18 billion in 2021.
The market is projected to grow from USD 484.81 billion in 2022 to USD 792.51 billion by 2029, at a CAGR of 7.3% in the forecast period.
The global market had exhibited a decline of -7.8% in 2020 as compared to 2019.
The market is expected to grow due to factors such as governmental support to develop telecom infrastructure, budget-centric product launch, growing 5G technology, Artificial Intelligence (AI) and other technologies, and increasing disposable income.

The COVID-19 pandemic has severely disrupted the balance of demand and supply in the mobile phone sector.
The primary reason is a nationwide lockdown across China, India, U.K., U.S. and other major countries.
The pandemic has also affected consumer buying behavior, with reinforced work from home guidelines and factory shutdowns in multiple countries.

The ever-growing demand for 5G-compatible smartphones is expected to add impetus to the market growth.
The 5G-compatibility is anticipated to replace the existing handset within the next five years.
The amplified demand for virtual and augmented reality is also improving the market presence of 5G-compatible mobile handsets.

The increasing adoption of human-system interaction is predominantly driving the technology market across the globe.
Mobile phone connectivity discovers its application in automobiles, fleet management operations, healthcare devices, smart metering, personnel traffic, infrastructure security systems connectivity and others.
The governmental bodies across the countries, including India, China, Taiwan, the U.S. and others, are relying more on offering digital information, education and other related services.

The shift in trade activities coupled with semiconductor components shortage is expected to impede market growth.
The market is mainly dominated by China, India, U.S., South Korea and Japan.
The shortage of semiconductor components is directly hampering the market as these components are vital parts of overall product usage and innovation strategies.

The market is categorized into Android, iOS, Windows and others.
The iOS segment is anticipated to grow exponentially owing to the rising demand for Apple phones.
Android segment holds the major shares in the market.

The market is segmented into retailers, OEMs stores and e-commerce.
The e-commerce segment is in the best position to lead the market in terms of CAGR in the forecast period.
The work from home concept and augmented online buying facilities are boosting the E-commerce segment growth.

Asia Pacific is best positioned to lead the market with the highest CAGR over the forecast period.
The region is increasingly investing in mobile networks with 5G technology, internet of things (IoT) and others.
The leading market participants are continuously introducing innovative products that are eventually fueling market growth.

Leading market participants are introducing innovative devices to fulfill end-users demands.
Vivo Mobile Communication Co., Ltd. is strengthening its global presence by combining its forces with other local companies and local retailers.
Other key players in the market include Samsung, Apple, Inc., Sony Group corporation, Oppo and Xiaomi.

The report provides detailed information regarding various insights into the industry.
The market is quantitatively analyzed from 2022 to 2029 to provide financial competency.
The study period is 2018 – 2029.
The base year is 2021.
The estimated year is 2022.
The forecast period is 2022 – 2029.