Worldwide Mobile Phone Forecast Update, 2021-2025: September 2021

Worldwide Mobile Phone Forecast Update, 2021-2025: September 2021

  • September 2021 •
  • 23 pages •
  • Report ID: 5258663 •
  • Format: PDF
This IDC study presents the five-year forecast for mobile phone shipments worldwide by device type. The worldwide mobile phone market will reach a total of 1,674.8 million unit shipments in 2021, up 4.2% from the 1,607.8 million units shipped in 2020. From there, total mobile phone shipments will grow to 1,739.0 million units worldwide by 2025, resulting in a CAGR of 1.6% for 2020-2025. "Despite the ongoing issues surrounding the pandemic and the Delta variant, consumers are continuing to upgrade to more premium smartphones this year," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "Premium smartphones (priced at $1,000+) continued to grow in the second quarter as the segment displayed 116% growth from last year. Moreover, ASPs across the entire market climbed 9% as buyer preferences trend toward more costly 5G models than entry-level devices."