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The global revenue in the 'Smartphones' segment of the consumer electronics market was forecast to continuously increase between 2024 and 2029 by in total 95 billion U.S. dollars (+20.32 percent). After the fifth consecutive increasing year, the indicator is estimated to reach 562.56 billion U.S. dollars and therefore a new peak in 2029.

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Revenue of the smartphones market worldwide from 2019 to 2029 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

Smartphones are mobile devices that combine the functionality of a computer with the ability to make phone calls. It typically features a touch screen display, a camera, internet connectivity, and a range of other features, such as GPS navigation, music playback, and the ability to run apps (short for applications). Smartphones run on operating systems like Android, iOS, and Windows, and offer a range of apps for productivity, games, social media, and entertainment. Some smartphones also have the ability to connect to other devices, such as laptops, tablets, and wearable devices, to share data and perform other tasks.

Additional Information:

The market comprises revenue, average revenue per capita, volume, average volume per capita and price. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like Apple, Samsung, Xiaomi, and Huawei. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.

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