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Global Smartphone Shipments Expected to Grow by 3% in 2024, Reaching 1.15 Billion Units: MIC
August 31, 2023

[Taipei, August 31] In the face of subdued demand in the smartphone market, global smartphones shipment volume in 2023 has been revised down to 1.1 billion units, reflecting a 7% year-on-year decline. Nevertheless, as the industry looks forward to the year 2024, there is an optimistic anticipation of a rebound, with smartphone shipment volumes expected to reach 1.148 billion units, representing a promising 3% yearly growth, according to MIC (Market Intelligence & Consulting Institute. "Remarkably, amidst the challenging landscape of 2023, only Huawei and Google have exhibited growth. Google's Pixel 7 series has showcased remarkable performance, experiencing increased shipments across North America, the European Union, and Japan. Despite the persistent constraints imposed by the U.S. ban, Huawei has successfully sustained its growth trajectory throughout 2023, a feat achieved through the introduction of the P60 and Mate X3 series of 4G smartphones," said Rachel Liao, senior industry analyst at MIC.

Global Smartphone Shipment Volume Forecast, 2023~2027



Source: MIC, August 2023

"In the latter of this year, Huawei is set to introduce 5G smartphones equipped with SMIC's 14nm chips, making its reentry into the 5G smartphone market," added Liao.

Established in 1987, 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.

To know more about this topic, please visit: Global and Taiwan 5G Smartphone Shipment Five-Year Forecast: 2023-2027 (pre-order)Development of the Taiwan Information and Communications Technology Industry, 2023 and Beyond Worldwide Smartphone Forecast, 2023 - 2027 (May 2023 Update)                    

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