TECH SUPPLIER Dec 2019 - Market Forecast - Doc # US45708819
Worldwide Smartphone Forecast Update, 2019–2023: December 2019
This IDC study presents the updated five-year forecast for smartphone shipments worldwide by operating system. The worldwide smartphone market will reach a total of 1.38 billion units shipped in 2019, down 1.4% from the 1.40 billion units shipped in 2018. From there, shipments will reach 1.49 billion units in 2023, the final year of our forecast period, resulting in a CAGR of 1.2%.
"Although 5G shipments have rolled out slowly in 2019, we have significantly raised our 5G shipments for 2020 and beyond," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "We expect China to be the clear leader in terms of 5G shipments, but other key markets such as the United States, Korea, Canada, and the United Kingdom will contribute to the volume increase in 2020. The arrival of more affordable 5G handsets along with cheaper planned services will be a key driver within these markets."
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