NEEDHAM, Mass. — (BUSINESS WIRE) — May 30, 2024 — Worldwide smartphone shipments are forecast to grow 4.0% year over year in 2024 to 1.21 billion units, according to the International Data Corporation ( IDC) Worldwide Quarterly Mobile Phone Tracker. The growth in 2024 adds momentum to the overall recovery IDC expects throughout the forecast as consumer demand slowly rebounds from the dismal past few years. The recovery will continue in 2025 with 2.3% growth expected, followed by low single-digit growth for the rest of the forecast period, resulting in a five-year compound annual growth rate of 2.3%.
"While the overall market will see a relatively strong recovery this year with 4% growth coming from almost all regions, it is important to note that the majority of the growth will be driven by Android, which is expected to grow significantly faster at 4.8% compared to 0.7% for iOS (Apple)," said Nabila Popal, research director with IDC's Worldwide Tracker Team. "The rapid growth of Android is coming off a tough two years, while iOS's softer growth is due to a strong 2023 and increasing competition in China that is denting its growth potential. However, if Apple makes a strong move around its AI strategy for iPhones, demonstrating clear use cases, it could accelerate the growth for Apple and revamp demand for iPhones, especially in China. Regardless of how this plays out, the good news is the smartphone market is finally out of the woods with a clear path of recovery ahead."
"5G-powered smartphones continue to fuel the market as these devices will display nearly 16% growth in 2024 as adoption continues to expand across all regions and markets," said Anthony Scarsella, research director with IDC's Worldwide Quarterly Mobile Phone Tracker. "The 16% growth in 2024 will be followed by another year of double-digit growth in 2025 (+13.2%) as 5G market share will climb to 74.4%, up from 67.2% in 2024. With 5G saturation in most developed markets, the growth of 5G in emerging markets will play a central role in driving shipments throughout the forecast period. While the overall smartphone market will have a 2.3% CAGR from 2024-2028, 5G shipments will deliver an impressive 9.1% growth rate for the same time period."
A graphic illustrating IDC's 2024-2028 smartphone forecast, including shipments and average selling prices (ASPs) for Android and iOS devices, is available by viewing this press release at IDC.com.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly Excel deliverables and on-line query tools.
For more information about IDC's Worldwide Quarterly Mobile Phone Tracker, please contact Jackie Kliem at 508-988-7984 and jkliem@idc.com.
Click here to learn about IDC's full suite of data products and how you can leverage them to grow your business.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group ( IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
All product and company names may be trademarks or registered trademarks of their respective holders.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240530471572/en/
Contact:
Nabila Popal
npopal@idc.com
+1 508-872-8200
Ryan Reith
rreith@idc.com
+1 508-935-4301
Anthony Scarsella
ascarsella@idc.com
+1 508-935-4712
Michael Shirer
press@idc.com
+1 508-935-4200
