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Taiwanese Communications Industry Shipment Value to Grow 8% Year-on-year and Reach US$164.2 Billion in 2023: MIC
December 30, 2022

Shipment value of the Taiwanese communications industry is forecast to reach NT$4.96 trillion (US$164.2 billion; US$1=NT$30.2) in 2023, up 8% year-on-year, according to MIC (Market Intelligence & Consulting Institute), a division of III (Institute for Information Industry), a major government think tank, and one of leading IT research institutes in Taiwan. Meanwhile, global communication industry value is estimated to grow 2.2% year-on-year to reach US$758.3 billion in 2023. Taiwan's communication industry is expected to achieve a higher than the global average growth at 8% in 2023. The growth in communications industry is attributed mainly to global network infrastructure construction funds and the return-to-office policy of companies around the world, which are to bolster shipments of last-mile optical fiber networks, enterprise WLAN AP (Wireless Local Area Network Access Point), switches, and smartphones. Global smartphone shipment volume is forecast to return to over 1.3 billion units in 2023, over 60% of which will be 5G smartphones.

Source: MIC, December 2022

Established in 1987, MIC (Market Intelligence & Consulting Institute) is a division of III (Institute for Information Industry), a major government think tank, and one of the leading IT research institutes in Taiwan. 

To know more about this topic, please visit: Worldwide Smartphone Forecast, 2022 - 2026 (April 2022 Update)Development Trends and Key Issues for 5G in 2022

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