
Global Market for Smartphones in 2023
By Aarti Dhapte , 12 January, 2023
In this world of technology, smartphones have become an inseparable part of our lives. Today’s world is addicted to smartphones. Every portion of our lives stays there: office chores or the household.
As we see, the global smartphone market is growing daily with innovations. But in 2023, the smartphone market may perform poorly due to some global factors. As per the reports by International Data Corporation (IDC), the smartphone market will remain down through the first half of this year. It says the smartphone shipment volume was 1.24 billion units in 2022. Again, IDC has reduced the 2023 smartphone forecast by 70 million units.
Sources again say that will rise to 7.5 billion by 2026. People are already using smartphones, but there is still space for more to contribute to market growth.
According to the reports, there are 270 million smartphone users in the US, almost 81.6% of the population. This makes the US the country with the most significant smartphone penetration rate.
The countries with the highest number of smartphone users are the United States, China, and India. Also, the report says that worldwide, smartphone subscriptions may surpass six billion. Samsung and Apple are two leading technology companies among all others.
Worldwide Smartphone Forecast, 2022Q3

Latest News

The Plant-Based Surge: New Meat Alternatives Hitting APAC Shelves Market 2025 is benefitting from an innovation cycle, a change in diet preferences, and sustainability needs. There is an emerging focus from start-ups, universities, and global food…

The global packaging industry is projected to have a sharp increase in the consumption of recycled polymers in relation to sustainability goals by 2025. This change is likely caused by regulations, business commitments to sustainability, and advances…

The Flexible Packaging Market’s role in reducing food waste in 2025 is becoming increasingly pivotal as governments, food producers, and packaging companies align around sustainability targets. With global food waste exceeding 1.3 billion tons…

In 2025, the CnM (Composites and Materials) Market is witnessing a pivotal shift as green chemistry startups accelerate the production of bio-based resins, driven by regulatory pressures and sustainability commitments across industries. The momentum…

In the first quarter of 2025, India experienced a remarkable decline of 12 percent in the cost of solar photovoltaic (PV) systems for the first time in history. This is a turning point for the country's renewable energy sector. The improvements in…

Team Lead - Research
Latest News




