Global Smartphone Shipments Expected to Grow by 3% in 2024, Reaching 1.15 Billion Units
This report provides an overview of the Taiwan information and communication technology industry with statistical facts. It examines the development of the Taiwan information hardware industry, analyzing shipment value and volume by product category, including notebook PC, desktop PC, tablet, motherboard, and server system. It also investigates the growth of the Taiwan communications hardware industry, assessing shipment value and volume by product category, such as smartphone, WLAN NIC, DSL modem, cable modem, PON CPE, cable STB, IP STB, and OTT STB.
Furthermore, the report delves into the future prospects of both the Taiwan information hardware and communications hardware industries, offering production value forecasts for the period 2023-2026.
Table of Contents
- Development of the Taiwan Information and Communication Technology Industry
- Development of the Taiwan Information Hardware Industry
- Development of the Taiwan Communications Hardware Industry
Executive Summary
In the face of subdued demand in the smartphone market, global smartphones shipment volume in 2023 has been revised down to 1.1 billion units, reflecting a 7% year-on-year decline. Nevertheless, as the industry looks forward to the year 2024, there is an optimistic anticipation of a rebound, with smartphone shipment volumes expected to reach 1.148 billion units, representing a promising 3% yearly growth, according to the analyst. "Remarkably, amidst the challenging landscape of 2023, only Huawei and Google have exhibited growth.
Google's Pixel 7 series has showcased remarkable performance, experiencing increased shipments across North America, the European Union, and Japan. Despite the persistent constraints imposed by the U.S. ban, Huawei has successfully sustained its growth trajectory throughout 2023, a feat achieved through the introduction of the P60 and Mate X3 series of 4G smartphones," said Rachel Liao, senior industry analyst.
Global Smartphone Shipment Volume Forecast, 2023-2027
"In the latter of this year, Huawei is set to introduce 5G smartphones equipped with SMIC's 14nm chips, making its reentry into the 5G smartphone market," added Liao.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amazon
- AMD
- Applied Materials
- ASML
- Dell
- Merck
- Meta
- Micron
- Microsoft
- Mitsubishi Chemical
- NXP
- Qualcomm
- Supermicro
- Synopsys
Methodology
Primary research with a holistic, cross-domain approach
The exhaustive primary research methods are central to the value that the analyst delivers. A combination of questionnaires and on-site visits to the major manufacturers provides a first view of the latest data and trends. Information is subsequently validated by interviews with the manufacturers' suppliers and customers, covering a holistic industry value chain. This process is backed up by a cross-domain team-based approach, creating an interlaced network across numerous interrelated components and system-level devices to ensure statistical integrity and provide in-depth insight.
Complementing primary research is a running database and secondary research of industry and market information. Dedicated research into the macro-environmental trends shaping the ICT industry also allows the analyst to forecast future development trends and generate foresight perspectives. With more than 20 years of experience and endeavors in research, the methods and methodologies include:
Method
- Component supplier interviews
- System supplier interviews
- User interviews
- Channel interviews
- IPO interviews
- Focus groups
- Consumer surveys
- Production databases
- Financial data
- Custom databases
Methodology
- Technology forecasting and assessment
- Product assessment and selection
- Product life cycles
- Added value analysis
- Market trends
- Scenario analysis
- Competitor analysis
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