Global Smartphones Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

Android, iOS and Others.

By Price;

Less Than USD 150, USD 150 - USD 800 and More Than USD 800.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn761764101 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Smartphones Market (USD Million), 2021 - 2031

In the year 2024, the Global Smartphones Market was valued at USD 614,788.35 million. The size of this market is expected to increase to USD 961,669.99 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.6%.

The Global Smartphones Market is a rapidly evolving and highly competitive sector within the broader consumer electronics industry. Smartphones have become indispensable tools for communication, entertainment, productivity, and social interaction, driving their widespread adoption across the globe. The market has seen substantial growth over the past decade, fueled by technological advancements, increasing internet penetration, and changing consumer lifestyles. As smartphones continue to integrate advanced features such as high-resolution cameras, artificial intelligence, and enhanced connectivity, their appeal and utility continue to expand.

One of the primary drivers of the smartphones market is the ongoing trend towards digitalization and mobile internet access. Smartphones serve as the primary access point to the internet for billions of people, particularly in emerging markets where fixed-line infrastructure is limited. This has led to a surge in mobile-based services, including e-commerce, mobile banking, and social media, further embedding smartphones into daily life. The COVID-19 pandemic also accelerated the adoption of digital communication and remote work tools, highlighting the critical role of smartphones in maintaining connectivity and productivity in a socially distanced world.

In addition to connectivity, the market is driven by continuous innovation and consumer demand for new and improved features. Manufacturers are in a constant race to introduce smartphones with better performance, innovative designs, and enhanced user experiences. The integration of 5G technology, foldable screens, and AI-powered functionalities are some of the latest trends shaping the market. As consumers seek devices that offer both high performance and convenience, the smartphones market is poised for continued growth, driven by technological advancements and evolving user needs.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Price
    3. Market Snapshot, By Region
  4. Global Smartphones Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Mobile internet penetration
        2. Technological advancements
        3. Consumer lifestyle changes
        4. E-commerce growth
        5. Affordable smartphone models
      2. Restraints
        1. High competition intensity
        2. Economic instability
        3. Market saturation risks
        4. Security concerns
        5. Environmental impact
      3. Opportunities
        1. Emerging market expansion
        2. 5G technology adoption
        3. AI integration growth
        4. Wearable technology synergy
        5. Sustainable device production
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Smartphones Market, By Technology, 2021 - 2031 (USD Million)
      1. Android
      2. iOS
      3. Others.
    2. Global Smartphones Market, By Price, 2021 - 2031 (USD Million)
      1. Less Than USD 150
      2. USD 150 - USD 800
      3. More Than USD 800.
    3. Global Smartphones Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Apple Inc.
      2. Samsung Electronics
      3. Huawei Technologies Co., Ltd.
      4. Xiaomi Corporation
      5. OPPO
      6. Vivo
      7. Lenovo Group Limited
      8. LG Electronics Inc.
      9. Sony Corporation
      10. Google LLC
  7. Analyst Views
  8. Future Outlook of the Market