According to the latest data from the International Data Corporation (IDC), global smartphone shipments are expected to increase 5.5 percent in 2021. Smartphone shipments of 13.9 percent are expected in the first quarter of this year. IDC attributes the sharp rise in 5G and catch-up demand to this growth. The report also estimates that 5G phones could account for 40 percent of the total in 2021. Apple’s iPhone 12 series of 5G phones have accelerated the growth of fifth generation connectivity.
IDC data shows that the global smartphone market can achieve an average compound annual growth rate (CAGR) of 3.6 percent in the forecast period 2020-2025. Due to strong pressure from 5G, global smartphone shipments are expected to increase 13.9 percent in the first quarter of this year from the first quarter of last year. Overall, global smartphone shipments are expected to grow by 5.5 percent year-on-year in 2021. IDC notes that not only 5G but also the pent-up demand for smartphones is contributing to an increase in shipments.
Supply chains, OEMs, and various other channels are better prepared for additional locks to meet demand, which despite the current state of locks, is still strong. The broadcasts via online channels rose to 30 percent of the total in 2020, compared with 22 percent in 2019.
This year smartphone shipments are expected to grow 6 percent in China and 3.5 percent in the US. The 5G development in both markets and the success of the iPhone 12 series should boost smartphone shipments this year. IDC also states that more than 40 percent of global smartphone shipments in 2021 could be 5G smartphones. Further growth to 69 percent is expected by 2025. In addition, the average selling price (ASP) for 5G smartphones is expected to drop to $ 404 (about Rs.29,400) by the end of 2025 due to competition in the 5G Android space.
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