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July 29, 2021, 12:45 a.m. EDT

Smartphone Market Top Companies Data 2021, Industry Share, Demand and Revenue Growth Opportunities

Smartphone offering integration of different platforms serving multiple purposes such as emails, video calls, etc. backed by declining raw material prices including sensors, camera lenses, etc., would contribute in the growth of the global smartphone market.

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Jul 29, 2021 (The Expresswire) -- The global smartphone market is witnessing incremental growth opportunities owing to the rising demand for electronic devices. The above information was shared by Fortune Business Insights in a report, titled “ Smartphone Market Size, Share and Global Trend By Operating System (Android, Windows, iOS and Other), By Price (High Range, Medium Range, Low Range), By Ram Size (Below 2GB, 2GB-4GB, Up to 8GB), By Distribution Channel (Online, Offline, Multi-brand, Single Brand) and Geography Forecast till 2028.” The demand for smartphones is increasing at a rapid pace as people look for improved connectivity on the go.

Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/smartphone-market-100308

Smartphones usage can offer integration with other platforms by allowing installation of apps such as Skype, WhatsApp, Duo among others. These platforms help users to make instant video calls, email and other purposes. The analysts in the report say that internet penetration is increasing in developing and developed nations. This, in turn, is expected to increase the global smartphone market revenue in the forecast years.

Segmentation

  1. By Sensor Type

  • Interface Sensor

  • Security Sensor

  • Motion Sensor

  • Others Sensor (Touch Sensors, Optical Sensors)

  1. By Geography

  • North America (USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)

Rising Interest Among Users to Adopt New Technologies Drives the Market in Asia Pacific

The market in countries such as Indonesia, China is anticipated to rise at a high growth rate in the forecast years. This will further increase the smartphone market size in Asia Pacific. The rising disposable income and growing population in this region are likely to encourage smartphone market growth. People in Asia Pacific are increasingly using new technologies and services, which is expected to stoke demand for smartphones in the projected horizon.

Furthermore, telecom companies such as Airtel, Jio among others introduce disruptive data tariffs in India. Influenced by this, the adoption of the smartphone is likely to increase in Asia Pacific. Telecom manufacturers introduce new tariffs and smartphones at low prices, which is fuelling demand for smartphones in India. These factors are expected to drive the market during the forecast period.

The smartphone market revenue in Europe and North America is expected to witness a decline in shipment. This is ascribable to the smartphone maturity stage in these regions. On the other hand, smartphone repairs market is likely to witness growth in these regions. Users don’t frequently change their phones, they instead repair, which is driving this market.

Key Market Driver

  • Rising adoption of cloud computing solutions and Artificial Intelligence (AI) technology

  • Increasing demand for security and surveillance systems in smartphones

Key Market Restraint

  • Increasing trade of fake sensors in smartphones

Key Industry Developments

  • June 2018 Fingerprint Cards AB launched fourth genearation fingureprint sensors for smartphones and mobiles. This would help smartphone manufacturers to integrate a single chip fingireprint sensor enabled with 3D enabled hardware .

  • June, 2018 Qualcomm Technologies, Inc announced advanced fingerprint scanning and authentication technology. This technology would provide advanced features such as exceptional quality display, detection of directional gestures, and underwater fingerprint match and device wake-up.

Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/smartphone-market-100308

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