Published by Vironi Solutions LLP
Posted on October 11, 2021
4 min readLast updated: January 29, 2026
The smartphone market is set to grow significantly by 2027, driven by emerging economies and 5G technology, with Asia Pacific leading the market share.
The global Smartphone market is expected to reach US$ 1,425.6 Bn by 2027, with a growing CAGR of 11.5% during the forecast period (2021-2027).
The smartphone penetration is rising across the emerging economies including Brazil, India, China, South Africa, Mexico, Indonesia, Poland, and Bangladesh among others. Emerging economies contribute to approximately 59% of the global smartphone shipment and the growth rate is the fastest among these markets. The factors such as internet penetration in the emerging economies are still below 50% and provide enormous opportunities for further growth. Smartphones Market are widely used by users from emerging economies to access the internet which is anticipated to increase smartphone penetration thereby driving the market revenue.
Furthermore, 5G will drive future innovation and economic growth in the smartphone industry thereby delivering greater societal benefit compared to the previous smartphone generation. 5G will further thrive on the new digital services and business models. The advancement in Artificial Intelligence (AI) and Internet of Things (IoT) and 5G are developing in parallel, which will have a positive impact on the market. It is anticipated that 5G will account for 20% of the global connections by 2025 and stronger primarily across North America, Europe, and developed Asia.
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Points Covered in this report are:
To share detailed information about the key factors such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors, etc.
To study and analyze, complete profile of the companies with capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments included within the report.
To study and analyze the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Players covered in the Smartphone Market report is:
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Smartphone Market by Operating System:
Smartphone Market by Type:
Smartphone Market by Region Outlook:
In terms of geography, The Asia Pacific region is expected to grow at a rapid pace owing to the presence of abundant natural resources like minerals, ores, among others, in countries like China, India, Australia, Malaysia, and other Asian countries. These countries carry out mining and construction activities to extract natural resources in the region. The construction industry of the region has started adopting Smartphones for site inspection and for speeding up construction activities on site.
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Smartphone Market Key Findings:
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The article discusses the growth and forecast of the global smartphone market from 2021 to 2027.
Growth is driven by rising smartphone penetration in emerging economies and advancements in 5G technology.
The Asia Pacific region leads with a significant market share, driven by abundant natural resources and technological adoption.
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