Electronics

IDC announced data that the smartphone market will continue to grow until 2023.

Global mobile phone shipments are expected to grow by 7.4% this year, reaching 1.37 billion units, increasing by 3.4% in 2022 and 2023 respectively. The growth rate of iPhone in 2021 is twice that of Android. Although the global chip is out of stock, the supply of smart phones has not been greatly affected due to the foresight of some top brands.

Look at the high-end market with a price higher than US$1,000. This year, the market has grown 116% year-on-year and will continue to grow. The pandemic and delta influence are still there, but consumers continue to upgrade to high-end phones. Because buyers prefer 5G phones compared to entry-level mobile phone buyers, mobile ASP (average unit price) climbed 9%.

The ASP of 5G mobile phones in 2021 is approximately US$634, and in 2020 it is approximately US$632. The ASP of 4G mobile phones dropped sharply to US$206, a 30% drop from last year’s US$277. 5G mobile phone shipments will reach 570 million units this year, an increase of 123.4% year-on-year. The growth driver is mainly China, which accounts for 47.1% of the global 5G market, the United States ranks second with 16%, India 6.1%, and Japan 4.1%. By the end of 2022, 5G mobile phones will account for more than half of global mobile phone shipments, with a share of 54.1%.