Insights Into The Cellular Telephones Market’s Growth Opportunities Through 2023-2032 – Includes Cellular Telephones Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Increase in disposable income are expected to drive innovation in cellular telephones manufacturing, thus driving the market during the forecast period.
The global cellular telephones market is expected to grow from $399.85 billion in 2022 to $439.15 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The cellular telephone market size is expected to grow to $623.23 billion in 2027 at a CAGR of 9.1%.
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- By Product Type: Smartphone, Feature Phone
- By Age-Group: Under 18 Years Old, 18-45 Years Old, 45-60 Years Old, Above 60 Years Old
- By Distribution channel: OEM, Retailer, E-commerce
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global cellular telephones market in 2021.
Major Market Players in the cellular telephones market include Samsung Electronics Co. Ltd.; Apple; Huawei; LG Electronics; Lenovo; Xiaomi; OPPO; Vivo; Motorola Mobility Holdings Inc; TCL Corporation.
Companies in the cellular telephone market are introducing technological advancements in processors that give the best customer experience. The smartphones are incorporated with 7nm (nanometer) processors that increase the speed of the device and have improved power efficiency and some are expected to support 5G technology as well. For instance, in 2021, Samsung launched their Galaxy F62 smartphones with 7nm Exynos 9825 processors to provide fast performance and power efficiency to young Gen Z and millennial customers.
The Cellular Telephones Global Market Report 2023 provides a cellular telephones market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cellular telephones market forecast analyzes cellular telephones market size, cellular telephones market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
A cellular telephone is a telecommunications system in which a portable or mobile radio transmitter and receiver are linked through microwave radio frequencies to base stations that connect the user to a regular telephone network.
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