TechInsights research report said that by 2028, China, India and the United States will still be the top three smartphone markets.
TechInsights expects that in 2023, the Top 10 countries in global smartphone sales will include China, India, the United States, Brazil, Indonesia, Russia, Japan, Germany, Mexico and the United Kingdom.
TechInsights (formerly Strategy Analytics) released a report saying it expects global smartphone shipments to decline slightly in 2023, down 1 percent year-over-year, and to grow 3 percent year-over-year in 2024. global cell phone (handset) shipments will decline 4 percent year-over-year in 2023 and rebound to grow 2 percent year-over-year in 2024.
Samsung and Apple will continue to lead the market with increased market share. Leading Chinese manufacturers will continue to face strong headwinds in 2023 before shifting to an upward trajectory in 2024. By 2023 and 2024, the top 10 global smartphone vendors will account for 92 percent of the global smartphone market share. Industry consolidation continues.
