Taipei-based, government-backed IT research institute MIC (Market Intelligence & Consulting Institute) held a press conference on August 28, 2018 and predicted that shipment value of the Taiwanese communications industry will grow 6.2% year-on-year to NTD 3.4 trillion (USD 113 billion; USD 1 = NTD 30.2) in 2018, further to NTD 3.5 trillion (USD116 billion) in 2019. "Mobile handheld devices account for over 60% of the industry's shipment value this year and smartphones continue to be the major growth contributor. This is due largely in part to the better-than-expected sales performance of Taiwan's major clients like Apple, Huawei, and Xiaomi, and the increase in smartphone's average selling price," says Chien-Hsun Lee, Research Director with MIC.

Taiwan Communications Industry Shipment Value Share by Sector, 2018

Source: MIC, August 2018

"Furthermore, Taiwanese manufacturers - especially those with production bases located in India and outside of China - are likely to acquire orders from phone brands in 2019 due to the possibility of the China-US trade war spilling over to smartphones and the shift in supply chains aligned with the Make-in-India initiative."

To know more, please visit Development of the Global Smartphone Industry and Its Trends in Artificial Intelligence, 1H 2018 and Beyond, An Analysis Of The US Denial Order's Impact On ZTE Smartphone and 5G Developments, The Taiwanese Smartphone Industry, 2Q 2018 , ICT Industry Yearbook 2017: Notebook PC, Motherboard, Server, Smartphone, Smart Wearable, Worldwide Major Mobile Phone Vendor Performance, 2Q 2018

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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.