Global mobile phone market volume reached 1.96 billion units in 2016 and is estimated to grow by 0.5% to 1.97 billion units in 2017. Of the total mobile phones sold in 2017, smartphones will account for nearly 80% or 1.56 billion units, up 5.4% year-on-year, according to Taipei-based IT research institute MIC (Market Intelligence & Consulting Institute).
Global Mobile Phone Market Volume by Device Type, 2014 - 2021
Source: MIC, February 2017
"It is anticipated smartphone market volume will score 1.72 billion units in 2021 with a CAGR (Compound Annual Growth Rate) of 3.0% from 2016 to 2021," says Edward Lin, senior analyst with MIC. "As for smartphone market volume by region, smartphones sold in North America and Western Europe are estimated at 187.4 million and 150 million units, respectively, in 2017. Though the market seems to resume growth compared to 2016, smartphones' global share keeps dwindling."
To see more about this report, please visit: Worldwide Smartphone Market Forecast, 2017~2021 (1Q 2017 Update)
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Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry. http://mic.iii.org.tw/english