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Global Smartphone Market Review 2021

Mar 1, 2022 | Author : Varun Mishra

Overview:

  • The global smartphone market recovered in 2021 driven by pent-up demand in regions like North America, Latin America and India.
  • However, market growth was lower than expected due to the extended impact of COVID-19, Huawei and LG’s exit, and component shortages.
  • Majority of the markets posted YoY growth except China and Southeast Asia where demand remained weak.
  • The recovery could have been stronger if not for the component shortages that impacted much of H2 2021.
  • Major brands navigated component shortages better than second- and third-tier brands.
  • Due to the staggered launch of the iPhone 12 in 2020, demand for Apple’s first 5G-enabled phone fell into the first quarter of 2021, which helped the brand’s sales in a normally more subdued quarter.

Table of Contents:

  • Global Smartphone Market
  • US Market
  • China Market
  • India Market
  • ASEAN Markets
  • Europe Market
  • MEA Market
  • LATAM Market
  • Key Highlights

Number of Pages: 21

Published Date: March 2022 

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