Global Smartphone Market is projected to reach around USD 2590.5 Billion by 2027

5 min readSep 3, 2020


The Global Smartphone Market is projected to reach around USD 2590.5 Billion by 2027 at a CAGR of around 19.8%.

A smartphone is a phone that allows customer to do more than make phone calls and send text messages. Smartphones can browse the Internet and run software programs such as computer. Smartphones can be used by individuals in both a consumer and a business context, and are now almost integral to everyday modern life. Increasing population and rising disposable incoming in developing countries are expected to drive the market during the forecast period. However, data security and data theft issues will restrain the market during growth period. Samsung Electronics Co ltd, Apple Inc. Huawei Technologies Co. Ltd., Xiaomi Corporation, and Vivo are the key players in the smartphone market and expected to hold the maximum market share during forecast period.


Market Driver:

  • Increasing Use of Mobile Internet

In current scenario, smartphone uses Internet for video calls, web series, chatting, online gaming, and professional purposes. New generation smartphones have all the features that laptop or desktops can have. Hence smartphone do all the work which laptop or desktop can do.

Hence, increasing demand for online gaming, social networking, and online applications which expected to increase the smartphones market during growth period.

Source: Flurry Analytics

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Market Restraint:

  • Data Identity and Data Security Threats

Mobile device security threats are on the rise. Data leakage, network spoofing, phishing attacks, spyware, broken cryptography, and improper session handling may cause data security threats to smartphones. According to Kaspersky, by 2017, Kaspersky’s in-lab detection technologies processing reached 360,000 malicious files per day. And 78% of those files were malware programs, meaning that over 280,000 malware files per day were detected in which many of target to mobile devices. According to Harvard Business Review (HBR), despite becoming a preferred target for hackers, mobile security is not prioritized relative to network and computer security. In next few years, cybercriminals are focusing on SMiShing, bring your own device (BYOD), and Internet of things (IoT). Hence it is expected to hamper the growth of the smartphone market during the forecast period.


  • By Operating System: Android, iOS, Windows, and Others
  • By Type: Entry-Level Smartphone, Performance Smartphone, and Media-Centric Smartphone (Gaming Smartphone, Music Smartphone, Camera Smartphone, Navigation Smartphone)
  • By Input Method: Touchscreen and Keypad
  • By Distribution Channel: OEM, Retailer, and E-Commerce
  • By Application: Personal and Professional
  • Based on Region Covers: North America, South America, Europe, Asia-Pacific, and Middle East & Africa with individual country-level analysis.

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The report on the smartphone market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2020–2027 (2020 estimated year, forecasted up to 2027)

Measured Units

USD (Million)

Segments Included

Operating System, Type, Input Method, Distribution Channel, and Application

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South Africa


  • Apple Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Samsung Electronics Co. Ltd.
  • Google LLC
  • Lenovo Group Limited
  • Xiaomi Corporation
  • OnePlus Technology Co. Ltd.
  • Nokia Corporation
  • Huawei Technologies Co. Ltd.
  • HTC Corporation
  • Sony Corporation
  • LG Electronics Inc.
  • Panasonic Corporation
  • Guangdong OPPO Mobile Telecommunications Corp., Ltd.
  • Vivo Communication Technology Co. Ltd
  • Other Key Companies

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For the scope of the report, In-depth segmentation is offered by Forencis Research

Smartphone Market, by Operating System

  • Android
  • iOS
  • Windows
  • Others

Smartphone Market, by Type

  • Entry-Level Smartphone
  • Performance Smartphone
  • Media-Centric Smartphone
  • Gaming Smartphone
  • Music Smartphone
  • Camera Smartphone
  • Navigation Smartphone

Smartphone Market, by Input Method

  • Touchscreen
  • Keypad

Smartphone Market, by Distribution Channel

  • OEM
  • E-Commerce
  • Retailer

Smartphone Market, by Applications

  • Personal
  • Professional

Smartphone Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • Taiwan
  • South Korea
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Switzerland
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis


7 SMARTPHONE MARKET BY TYPE, Market Size, USD Million (2019–2027)

8 SMARTPHONE MARKET BY INPUT METHOD, Market Size, USD Million (2019–2027)


10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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