Global mobile phone shipments (including feature phones) are expected to be approximately 1.365 billion units in 2024, with smartphones accounting for 86.8%, according to the Market Intelligence & Consulting Institute (MIC).
Looking ahead, MIC predicts that global smartphone shipments will reach 1.319 billion units by 2028, with a compound annual growth rate (CAGR) of 2.26% from 2024 to 2028.
Worldwide Mobile Phone Shipment Volume, 2022-2028
Source: MIC, June 2024
Based on MIC's findings, for smartphones priced between US$150 and US$600, Samsung leads, followed by Chinese brands such as Xiaomi, Oppo, Vivo, and Honor.
About Market Intelligence & Consulting Institute (MIC):
Established in 1987, Market Intelligence & Consulting Institute (MIC) is a division of III (Institute for Information Industry), a major government think tank, and one of the leading IT research institutes in Taiwan. MIC specializes in industry and market research. With over three decades of experience, MIC provides valuable insights and data-driven recommendations to assist businesses in making informed decisions.
To know more about this topic, please visit: Worldwide Smartphone Market Forecast, 2024~2028 (May 2024 Update), Unveiling Smartphone Trends Arising from the Rise of AI Phones, Development Trends and Opportunities in the Global Smartphone Radio Frequency Industry
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