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.”
Analog Devices, University of Limerick and Stripe team up to launch a computer science program
Analog Devices, Inc. has collaborated with the University of Limerick (UL) and other promi...
Tech Mahindra with ThoughtSpot to offer Scalable and AI-Driven Analytics
Tech Mahindra and ThoughtSpot have announced a partnership to offer AI (Artificial Intelli...
Chennai researcher awarded ₹36 lakh from Microsoft
Microsoft has awarded a Chennai-based security researcher approximately Rs 36 lakh for spo...
G7CR Technologies organizes Virtual Cloud and Data Summit
G7CR Technologies has stressed on the need to transform businesses with Cloud Technology....
Addverb Technologies opens "Bot-Valley", INR 75 Cr. Robots manufacturing facility
Addverb Technologies has inaugurated its world class manufacturing facility “Bot-Val...
Micro Focus charges up for Flagship Customer Event, Micro Focus Universe 2021
Micro Focus has reinforced its ongoing commitment to help customers win in the digital eco...
World Leadership Congress recognises Kamal Nath as 'CEO of the Year'
Sify Technologies Limited (NASDAQ: SIFY), India’s most comprehensive ICT solutions p...