Mobile Handset Forecast by Region (Long Term) Dec 2021

Dec 15, 2021

Overview:

The global smartphone market in 2021 is expected to show 1,392 m units, a decrease of 1.6% compared to the September FCST. The decline in 2021 earnings is mainly due to the sluggish 3Q earnings in Europe and Southeast Asia markets due to the re-spreading of Covid19 strains. In addition, while the overall global parts shortage is likely to continue in the fourth quarter, we expect this shortage to be a limiting factor for the market growth.

The global smartphone market in 2022 is expected to be 1,492 m units, expected to show a decrease of about 1.2% compared to the FCST in September.

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Author

Jene Park

Jene (Jin Suk) is a Senior Research Analyst at Counterpoint Research based on Seoul korea, Since he started his career in Samsung, he experienced various industry and jobs including Strategy Consultant in international Consulting firms. To pursue his major interest in smart devices and connectivity, he joined Counterpoint Research team. In academic side, Jene holds a Bachelor of Economics degree in Yonsei Univ in Korea.