Market Outlook - Handset Shipment Forecast by OEM Region, May 2024 update

1
May 29, 2024

Overview:

The global smartphone market has shown signs of recovery since late 2023 after a prolonged period of sluggishness. Q1 2024 smartphone shipments increased 6% YoY, backed by the strong performance of emerging markets like MEA and CALA. With some return of consumer confidence underpinned by improving macroeconomic conditions, we expect the market to grow by 3.7% annually in 2024. This report provides the global mobile handset/smartphone market forecast by region, brand, and 5G/non-5G for 2024-2028.

Table of Contents:

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Category

Industry

Smartphone

Report Type

Report

Time period

Quarterly

Summary

Published

May 29, 2024

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Author

Team Counterpoint

Counterpoint Research is a global industry and market research firm providing market data, intelligence, thought leadership and consulting across the technology ecosystem. We advise a diverse range of global clients spanning the supply chain – from chipmakers, component suppliers, manufacturers and software and application developers to service providers, channel players and investors. Our veteran team of analysts serve these clients through our offices located across the key innovation hubs, manufacturing clusters and commercial centers globally. Our analysts consistently engage with C-suite through to strategy, market intelligence, supply chain, R&D, product management, marketing, sales and others across the organization. Counterpoint’s key coverage areas: AI, Automotive, Cloud, Connectivity, Consumer Electronics, Displays, eSIM, IoT, Location Platforms, Macroeconomics, Manufacturing, Networks & Infra, Semiconductors, Smartphones and Wearables.