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Global Smartphone/Mobile Phone Market Share Expected to Reach Nearly 80% in 2017
Published: Feb 22,2017Global 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 MIC (Market Intelligence & Consulting Institute).
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"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."
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