Worldwide Smartphone Sales to Grow 11% in 2021 says Gartner
Worldwide sales of smartphones to end users will total 1.5 billion units in 2021, a 11.4% growth year over year, as per the Gartner, Inc.
“In 2020,consumers reduced spending on smartphones but availability of new products, will see users drive significant uptick in demand in 2021,” said Anshul Gupta, senior research director at Gartner. “The combination of delayed smartphone replacements and the availability of lower end 5G smartphones are poised to increase smartphone sales in 2021.” Gartner analysts expect smartphone sales in 2021 to be close to 2019 levels.
After recording a 10.5% decline in 2020 due to the impact of the COVID-19 pandemic on the industry, smartphone sales are forecast to rebound in 2021. Mature Asia Pacific, Western Europe, and Latin America are expected to exhibit the strongest growth between 2020 and 2021 (see Table 1).
5G Is the Next Frontier of Growth for Smartphones
The growing availability of 5G networks coupled with a higher variety of 5G smartphones starting at $200 will steer demand in mature markets and China. Demand in emerging countries will be driven by buyers looking for a smartphone with better specifications and a 5G connectivity as an optional feature. Gartner forecasts sales of 5G smartphones will total 539 million units worldwide in 2021, which will represent 35% of total smartphone sales in that year (see Table 2).
Table 2. 5G Smartphone Sales Forecast, 2019-2021, Worldwide (Thousands of Units)
|
2019 |
2020 |
2021 |
|
|
5G Smartphones |
16,705 |
213,260 |
538,530 |
Source: Gartner (February 2021)
“5G is now a standard feature in premium smartphones, especially in the U.S., China, Japan and South Korea,” said Mr. Gupta. “Driven by lower-cost models, adoption is particularly aggressive in China, where 5G smartphone share is on pace to reach 59.5% in 2021. In addition, lower end 5G smartphones, which are becoming more prevalent outside China, are poised to drive more momentum for 5G smartphones in 2021 across all regions.”
INTERVIEWS
TOP VIDEOS
SECURITY
SOFTWARE
TurboHire marks its availability in the Microsoft Azure Marketplace
TurboHire has announced its availability in the Microsoft Azure Marketplace. TurboHire&rsq...
Siemens adds to its digitalization portfolio for the Indian machine tool industry
With an innovative and class leading portfolio of hardware and software solutions to bring...
Gartner reports 1.1% growing revenue of Worldwide Semiconductor in 2022
According to preliminary results by Gartner, worldwide semiconductor revenue increased 1.1...
START - UP
PERIPHERALS
INDUSTRY EVENTS
Hikvision showcases Problem-Solving Retail Security Solutions in National Retail Federation Show
Hikvision is excited to attend the National Retail Federation’s NRF 2023 Retail Show...
Canalys Forums 2023 coming to Bangkok, Barcelona and Palm Springs
Canalys has announced the dates and locations for its 2023 forums, with the global analyst...
SIITF 2022: Digital transformation is creating opportunities for innovation across industries
Consumer preferences continue to change, straining already tight margins and stranding com...
TiE organizes its 7th edition of Global Summit
The grand finale of the TiE Global Summit 2022 saw some of the finest and power-packed seg...
E- COMMERCE
