Global smartphone installed base will continue to expand until 2029 with CAGR of around 1.8%

Overview:The global smartphone installed base forecast has been revised downwards, now projected to reach 4,391 million by 2028, compared to the previous forecast of 4,331 million. Despite this overall revision, the installed base continues its steady expansion, with a projected Compound Annual Growth Rate (CAGR) of around 1.8% during 2024–2029.

Table of Contents:

• Executive Summary

• Global Installed Base Reassessment and Regional Growth Drivers

• The Protracted Nature of Global Replacement Cycles

• Brand Dynamics and Market Consolidation

Number of Pages: 5

Published Date: December 2025

Author

Minsoo Kang

Minsoo is a Senior Analyst at Counterpoint Research based on Seoul. In Counterpoint, he closely tracks mobile and other wearble devices. After 10 years of Strategic Planning and Marketing experience, he joined Counterpoint to pursue his interest in ICT industry and future technology.

Global smartphone installed base will continue to expand until 2029 with CAGR of around 1.8%

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