Counterpoint research is a young and fast growing research firm covering analysis of the tech industry. A smartphone offers more advanced connectivity and computing capabilities. This way, the company expects to extend 5G to cheaper smartphones. This new platform maximizes the power of 5G with revved up performance to deliver faster and more efficient on-device processing with sharper imagery through improved graphics rendering. Mobile phone with more advanced computing capability, connectivity, advanced multimedia capabilities and the ability to install third-party software than basic features of phone. More than 40 analysts work on the analysis of the smartphone industry across seven countries including China, Taiwan, Korea, USA, India, UK, Argentina, and HK. Key Market Drivers and Trends In terms of revenue, the global smartphone market is anticipated to witness a drastic incremental growth and has huge opportunities, during the forecast timespan. The smartphone industry, as a whole, has been witnessing a decline in shipments for the past three years and the decline continued in 2019. For example, could our proprietary smartphone venture rival Apple or Samsung? The launch added a new iPhone model into Apple’s product mix just as lockdown restrictions had reached important markets, such as the USA. To understand geography trends, Download Sample Report. The online sale of smartphones has been further led by the Holiday shopping culture across regions. On the same page as previously, the smartphone market is valued at just under $480 billion. However, there are ways to improve your employability and stay competitive. This analysis will focus on the smartphone industry given that the global market, in terms of the major players involved and on the dynamics of the smartphone industry and the factors, that affects the change over the conditions of competition. With volume and value out of the way, we’ve already covered the two main quantitative factors in market analysis. This represents the annual revenue associated with smartphone sales to end consumers across the world. To analyze the global key players, SWOT analysis, value and global market share for top players. But they were up 22% on the previous quarter. With around 50% of smartphone penetration, on average, across regions, the replacement cycle is lengthening, which prompts the decline of the unit sales, especially in regions such as U.S., and China among others. For the purpose of this market analysis example, we’ll focus on the five variables outlined in the What Is Market Analysis post, but there might be additional factors that seem more relevant to your chosen market. While their devices might not compete with names such as Samsung and Apple in terms of quality, they appear extremely well-made when compared to other budget-friendly smartphone brands. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. Smartphone is becoming an important part of retail sales, as they are an ever-increasing part of consumers’ lives. , which estimates that over 1.5 billion smartphones are sold to end consumers every year. For instance, at the IFA electronics show in Berlin, Qualcomm reported that its partners are developing over 150 designs using its 5G processors. Porter’s Five Forces Analysis of Huawei and the Smartphone Industry. Target customers and their needs According to Gartner, Inc. , worldwide mobile device sales to end users totaled 1. The smartphone retains its promise as the device that will make computing and communications universal. There is a continuous change in the electronic industry due to changing technology which intensifies the need for conducting the external industry analysis. … The goal of this market analysis, then, is to help you make that decision by evaluating how likely you are to succeed. In Q3 2020, worldwide smartphone shipments reached 348.0 million units, at a 1% decline year on year. Creating a market analysis is easy! Samsung regained the lead, up 2% to 80.2 million units. However, tensions between the Indian and Chinese governments have impacted India's smartphone market, even though many Chinese OEMs have invested significantly over the last 18 months to increase their production and customer service operations in the country. However, this market need is filled by a significant amount of competition — in which an elite few smartphone producers capture the majority of revenue. Thomas Bush is an English-born writer, entrepreneur, and fitness enthusiast. Several products in the market are available such as Samsung's Galaxy S4, it pauses the video if the consumer will look away from the screen. These days, he spends his time flipping domain names, writing articles and pursuing other interesting business ventures. There is also significant market need for smartphones, considering their relevance in day-to-day life, the rate at which they are broken, and the growing population. The data for all countries, with all the granularity, is available far in advance of other agencies, giving our customers a significant advantage in analyzing their businesses. COVID-19 Impact Analysis The smartphone market size has the potential to grow by 39.96 million units during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth. However, the fierce competition in the smartphone industry means it is a poor choice for small and medium-sized enterprises who are considering getting involved. Global Smartphone Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of X8.X1% during forecast period of 2020 to 2027. In 2019, there have been some interesting twists in the global smartphone industry. For the purpose of this market analysis example, we’ll focus on the five variables outlined in the. Google is one of the largest suppliers in the smartphone industry. Asia leads the smartphone market both in terms of production and sales as well. This analysis will focus on the smartphone industry given that the global market, in terms of the major players involved and on the dynamics of the smartphone industry and the factors, that affects the change over the conditions of competition. According to Ericsson, the number of mobile 5G subscriptions in North America will reach 325 million compared to 3 million in 2019. The smartphone market was valued at USD 714.96 billion in 2019 and is expected to reach USD 1351.8 billion by 2025, at a CAGR of 11.2% over the forecast period 2020 - 2025. Samsung electronics is the core business of the company and the company is known for its electronics business that includes smartphones, LED TV, and other home appliances. An easy way to start is by tying all of your findings into a single statement, like this: The smartphone industry is a sizeable industry, with over 1.5 billion mobile phones sold every year for a total revenue of almost $480 billion. Smartphones achieve the capabilities of a Personal Computer technology and a traditional phone (Ahson and Ilayas, 2006). Of these, Apple and Samsung are considered the two premium smartphone manufacturers. For instance, you would like to build a proprietary smartphone. 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