Apple held the largest slice of the global smartphone market by shipments during the fourth quarter of 2024, followed by Samsung. Xiaomi has taken a tight grip on the third position, accounting for a market share of ** percent in the fourth quarter of 2024. Samsung and Apple smartphone sales Smartphone vendors have been suffering from the events of the past couple of years, including the pandemic and the economic downturn. However, they all appear to be recovering, as shown by the recent increase in shipments. For instance, mostly based on the main line of Galaxy Series, Samsung's smartphone shipments totaled nearly ***** million units globally in 2024. Next to Samsung, Apple is a major manufacturer of smartphones worldwide, with the company shipping more than *** million iPhones worldwide in 2024. Apple’s sales tend to be very cyclical, peaking in the fourth quarter each year, much like in the fourth quarter of 2023, when they took the first spot in terms of units shipped globally with around **** units. Xiaomi in the lead While Apple and Samsung are typically the two major companies challenging for the top spot, Huawei had provided a strong challenge in recent years. Particularly, the Chinese company managed to climb the smartphone market ladder between 2011 and 2024, recording shipments of over ** million smartphones in the fourth quarter of 2024. However, strong performances from rivals like Xiaomi and the effects of the U.S. trade ban have since seen Huawei fall outside the list of top five vendors by smartphone shipments.

The Smartphone Market Report is Segmented by Operating System (Android, IOS, and More), Price Band (Entry-Level [Less Than USD 200], Mid-Range [USD 200 – 499], and More), Technology (5G, 4G/LTE, and 3G and Below), Form Factor (Bar, Foldable/Flip, and Rugged/Industrial), Distribution Channel (Operator/Carrier Stores, Brand-Owned Retail, and More) and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The number of smartphone users in the United States was forecast to continuously increase between 2024 and 2029 by in total 17.4 million users (+5.61 percent). After the fifteenth consecutive increasing year, the smartphone user base is estimated to reach 327.54 million users and therefore a new peak in 2029. Notably, the number of smartphone users of was continuously increasing over the past years.Smartphone users here are limited to internet users of any age using a smartphone. The shown figures have been derived from survey data that has been processed to estimate missing demographics.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the number of smartphone users in countries like Mexico and Canada.

The smartphone market size is projected to grow from USD 617.1 billion in 2024 to USD 1,235 billion by 2035, representing a CAGR of 6.51%, during the forecast period till 2035.

Smartphone Market valued at US$ 718.00 billion in 2025, is anticipated to reaching US$ 1,038.24 billion by 2032, with a steady annual growth rate of 5.4%.

The global smartphone market size reached a volume of 1322.42 Million Units in 2024. During the forecast period of 2025-2034, the market is projected to grow at a CAGR of 3.50% to attain a volume of around 1865.40 Million Units by 2034.

The refurbished smartphone market size expects a considerable valuation bump, from US$ 80,415.90 million in 2024 to US$ 258,824.2 million by 2034. The updated report points to a CAGR of 12.40% CAGR from 2024 to 2034. That is a slight rise from the earlier CAGR of 11.90% observed between 2019 and 2023.

Attributes	Details
Market Size, 2023	US$ 71,735.90 million
Market Size, 2024	US$ 80,415.90 million
Market Size, 2034	US$ 258,824.2 million
Value CAGR (2024 to 2034)	12.40%

Category-wise Insights

Segment	Refurbished Smartphone (Product Type)
Value Share (2024)	54.60%

Segment	Individual User (Application)
Value Share (2024)	59.40%

Country-wise Insights

Countries	Value CAGR (2024 to 2034)
United States	7.30%
Germany	7.90%
Japan	17.70%
India	19.50%
Australia	9.10%

The size of the US Smartphone Market was valued at USD 343.4 Million in 2024 and is projected to reach USD 381.12 Million by 2033, with an expected CAGR of 1.50% during the forecast period. The U.S. smartphone market is the largest and most competitive globally and characterized by very high demand for high mobile devices, cutting-edge technology, and rapid product cycles. The market has leaders such as Apple, Samsung, Google, and a host of emerging brands offering a range of different devices with various price points to appeal to both premium and budget-conscious consumers. Key drivers of growth in the smartphone market include technological improvements in smartphone processors, camera systems, 5G connectivity, and battery life. The trend of remote working, online learning, and increased digital entertainment among users during the COVID-19 pandemic has significantly contributed to an increase in the adoption of smartphones, especially from those who seek devices that support multitasking, streaming, and productivity. In addition, the increasing popularity of mobile gaming, augmented reality (AR), and mobile payments is driving demand for smartphones with specialized features. The rollout of 5G networks has also become a major catalyst, with consumers upgrading to 5G-capable smartphones to experience faster data speeds and improved connectivity. Recent developments include: September 2022: In September 2022, Apple introduced the iPhone 14 and iPhone 14 Plus, available in two sizes: 6.1 and 6.7 inches. These models boast a sleek design, notable camera improvements, and innovative safety features. Equipped with a robust camera system, including main and front True Depth cameras, as well as an Ultra-Wide camera for capturing unique perspectives, the iPhone 14 series delivers exceptional image and video quality. Additionally, the inclusion of the Photonic engine and an upgraded picture pipeline further enhances the overall photography experience., October 2022: In October 2022, Huawei unveiled the release of its newest antenna solutions designed for the next stage of 5G antenna development, which encompassed the Maxwell platform and the X2 antenna series. These cutting-edge technologies were aimed at improving antenna integration and setup capabilities, thereby enabling carriers to expedite the deployment of 5G networks.. Notable trends are: Ever-growing Demand for 5G-Compatible Smartphones and Technological Advancements are Driving the Market Growth.

Understand how consumer behavior impacts the USA Smartphones Market, which grew from USD 54.69 billion in 2018 to USD 61.9 billion in 2023, representing a CAGR of 2.51%.

Snapshot img

Smartphone Market Size 2025-2029

The smartphone market size is forecast to increase by USD 99.8 million, at a CAGR of 4.1% between 2024 and 2029.

The market is experiencing significant growth, driven by several key trends. One major factor is the increasing adoption of artificial intelligence (AI) in smartphones, enhancing user experience through features like voice recognition and facial recognition. Sensor fusion technology is another trend, enabling devices to collect and analyze data from various sensors for improved functionality and accuracy. However, ongoing trade wars are posing challenges to market growth, with tariffs and import taxes affecting smartphone sales, particularly in key markets. These trends and challenges are shaping the future of the smartphone industry.

What will be the Size of the Smartphone Market During the Forecast Period?

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The market continues to evolve, driven by advancements in telecom infrastructure and the proliferation of affordable handsets. Mobile phone users increasingly seek devices capable of leveraging 5G network technologies, with chipmakers responding by producing 5G chips for integration into mobile handsets. Android and Windows Phone operating systems dominate the market, while third-party originators challenge the status quo. Improved hardware and software capabilities enable advanced digital functions such as web browsing, music, video, gaming, and camera capability. The integration of artificial intelligence enhances user experience. Governmental assistance and the transition from feature phones to smartphones further fuel market growth. Overall, the market remains dynamic, with a focus on affordable, high-performance devices that cater to the diverse needs of consumers.

How is this Smartphone Industry segmented and which is the largest segment?

The smartphone industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Technology

  Android
  IOS
  Others


Price Range

  Between USD 150-USD 800
  Greater than USD 800
  Less than USD150


Screen Size

  Greater than 6 inches
  Between 5-6 inches
  Less than 5 inches


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France


  North America

    Canada
    US


  Middle East and Africa



  South America

    Brazil

By Technology Insights

The android segment is estimated to witness significant growth during the forecast period.

The Android operating system, provided by Alphabet Inc. (Google), is a globally popular choice for smartphones. With over 2.5 million apps available In the Google Play Store, users have access to a vast selection of applications catering to their diverse needs. Notable features of the Android OS include smart reply for messaging apps, focus mode options, Wi-Fi sharing via QR codes, and Google Assistant. Google offers essential web services such as Google Search, Google Maps, and YouTube free of charge. The Android OS's extensive feature set has contributed to its increasing popularity among consumers worldwide.

In addition, high-speed data connectivity and integration with Internet of Things (IoT) applications further enhance its appeal. Application developers create software for various lifestyle, social media, mobile utility, and other categories, ensuring a rich and diverse app ecosystem. The Android OS is written primarily in Java and C++, with support for in-app purchases and in-app course subscriptions.

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The android segment was valued at USD 203.60 million in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 48% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in APAC has experienced substantial growth, with China, Japan, India, South Korea, and Indonesia being the primary contributors to revenue generation. The expansion of urban populations and the subsequent increase in disposable income have fueled the demand for smartphones In the region. Key drivers of this market growth include the advancement of telecom infrastructure and the emergence of affordable smartphone options. Major global smartphone manufacturers have established manufacturing facilities in China, Taiwan, South Korea, Japan, and India to cater to the increasing demand.

Additionally, digital information consumption, human-computer interaction advancements, and t

The Used and Refurbished Smartphone Market is Segmented by Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Sizes in Volume (shipment Units) for all the Above Segments.

The size of the Used Smartphone Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 7.61% during the forecast period. The used smartphone market has seen significant growth in recent years, driven by increasing consumer demand for affordable technology and a rising awareness of sustainability. Used smartphones, which refer to previously owned devices that have been refurbished or resold, offer a cost-effective alternative to new models, making them particularly appealing to budget-conscious consumers. This market encompasses various segments, including refurbished phones, second-hand devices, and trade-in programs offered by manufacturers and retailers. Key factors contributing to the growth of the used smartphone market include advancements in smartphone technology, which have extended the lifespan of devices, and the proliferation of e-commerce platforms that facilitate the buying and selling of used phones. Consumers are becoming more environmentally conscious, leading to a preference for refurbished and second-hand products as a means to reduce electronic waste. Additionally, trade-in programs offered by major brands allow users to exchange their old devices for credit towards new purchases, further promoting the circulation of used smartphones. Recent developments include: December 2023 - Smartphone refurbishing startup ControlZ aims to invest nearly USD 2 million in its Gurugram repair facility again in 2024. The company aims to repair 1 lakh units at the facility in 2024 and scale it to 5 lakh units by 2025., September 2023 - Expon Capital’s portfolio company, REFURBED, which achieved 1 billion in GMV since its founding in June 2023, announced a USD 57 million (EUR investment led by existing investors with significant participation from All Iron and several new backers). With this Series C investment, the company will continue to drive its mission to become the leading platform for sustainable products and services to empower consumers to purchase refurbished technology in a more accessible, risk-free, and sustainable manner.. Key drivers for this market are: Trend Toward Premium Phones (Rise in Upgrade Costs), Growing Popularity of E-commerce Platforms for Used and Refurbished Smartphones; Telecom Operators Focusing on Used Phones with Attractive Plans. Potential restraints include: Short term supply chain challenges due to the pandemic scenario and the US-China Trade war scenario. Notable trends are: Growing Popularity of E-commerce Platforms for Used and Refurbished Smartphones to Drive the Market.

United States Smartphone Market was valued at USD 68.64 billion in 2024 and is anticipated to grow USD 96.21 billion by 2030 with a CAGR of 5.85%

Pages	83
Market Size	2024: USD 68.64 Billion
Forecast Market Size	2030: USD 96.21 Billion
CAGR	2025-2030: 5.85%
Fastest Growing Segment	Online
Largest Market	South
Key Players	1. Apple Inc. 2. Samsung Electronics Co., Ltd. 3. Google LLC 4. Xiaomi Corporation 5. Motorola Mobility LLC 6. OnePlus Technology (Shenzhen) Co., Ltd. 7. TCL Technology Group Corporation 8. HMD Global Oy 9. Alcatel-Lucent S.A. 10. BLU Products LLC

Snapshot img

Rugged Smartphone Market Size 2025-2029

The rugged smartphone market size is forecast to increase by USD 299.6 million, at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, driven by increasing demand from the defense sector and emerging applications in industries such as construction, healthcare, and field services. This trend is partly due to the convergence of consumer-grade smartphones with ruggedized features, making them more accessible and cost-effective alternatives to traditional rugged devices. However, this market is not without challenges. One major obstacle is the high cost of manufacturing rugged smartphones, which can limit their widespread adoption. Additionally, the durability and reliability of these devices must be consistently maintained to meet the demanding requirements of their users. To capitalize on this market's potential, companies should focus on developing cost-effective rugged smartphones with superior durability and advanced features to cater to the evolving needs of various industries. By addressing these challenges and leveraging the growing demand, businesses can effectively navigate this dynamic market and secure a competitive edge.

What will be the Size of the Rugged Smartphone Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, with dynamic market activities unfolding across various sectors. Facial recognition technology and wireless charging are increasingly integrated into rugged devices, enhancing security and convenience. Rugged cases with IP68 ratings and sapphire glass offer superior water resistance and drop protection. Proximity sensors and battery life optimization ensure efficient use of resources. Storage capacity and mobile accessories cater to the needs of field service management and outdoor recreation applications. Telephoto lenses and push-to-talk (PTT) capabilities expand the functionality of these devices for public safety and construction applications. Augmented reality (AR) and ultra-wide lenses offer new possibilities for industrial inspections and healthcare diagnoses. Biometric security and thermal management systems ensure optimal device performance and data protection. Protective films, screen size, and cellular connectivity cater to the diverse needs of this market. Rugged smartphones are increasingly being adopted for military applications, with features such as mil-std-810h certification, external antennas, and night mode enhancing their utility. The integration of touchscreen technology, ambient light sensors, and virtual reality (VR) capabilities further expands the potential applications of rugged smartphones. Fast charging and extended battery options cater to the demands of users in the field. Rugged smartphones continue to be a crucial tool for industries requiring robust and reliable devices, with ongoing advancements in technology shaping the market's future.

How is this Rugged Smartphone Industry segmented?

The rugged smartphone industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeSemi-ruggedFully-ruggedUltra-ruggedEnd-userIndustrialCommercialMilitary and defenseGovernmentGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaRest of World (ROW)

By Type Insights

The semi-rugged segment is estimated to witness significant growth during the forecast period.Semi-rugged smartphones represent a category of devices that cater to the demands of professionals in diverse industries, offering a balance between consumer-grade features and rugged durability. These devices are engineered to endure harsh conditions and rough handling, without sacrificing the advanced functionalities of standard smartphones. Semi-rugged smartphones incorporate several enhanced features. For instance, they may include data encryption for heightened security, external antennas for improved connectivity, and image stabilization for superior photography. Military applications benefit from their ruggedness and GPS tracking capabilities, while field service management relies on their durability and touchscreen technology. Semi-rugged smartphones boast IP68 ratings for water resistance and shock resistance, ensuring they can withstand drops and extreme temperatures. They may also feature sapphire glass for unparalleled screen protection and Gorilla Glass for scratch resistance. Facial recognition and fingerprint sensors provide biometric security, while thermal management maintains optimal performance. Additional features include long battery life, extensive storage capacity, wireless ch

Global Smart Phone market size 2025 is $576.5 Billion whereas according out published study it will reach to $954.105 Billion by 2033. Smart Phone market will be growing at a CAGR of 6.5% during 2025 to 2033.

5G Smartphone Market Share size and share are expected to exceed USD 3064.67 billion by 2034, with a compound annual growth rate (CAGR) of 32.2% during the forecast period.

Flagship Smartphone Market is segmented By Distribution Channel (OEMs, Retail Stores, e-Commerce),and Operating Systems (Android, iOS, Microsoft, RIM Blackberry, Others)

According to Cognitive Market Research, the global XXX Market was valued at approximately USD XX billion in 2025 and is expected to grow to USD XX billion by 2031, expanding at a CAGR of XX% during the forecast period.

North America held largest share of XX% in the year 2025. Europe held share of XX% in the year 2025. Asia-Pacific held significant share of XX% in the year 2025. South America held significant share of XX% in the year 2025. Middle East and Africa held significant share of XX% in the year 2025. Key Dynamics of

Smartphones Market

Key Drivers of

Smartphones Market

Rapid Technological Advancements and 5G Deployment: The ongoing development of smartphone technologies—such as 5G connectivity, foldable displays, AI-enhanced cameras, and rapid charging—encourages consumers to upgrade. Leading brands introduce flagship models each year, which stimulates replacement demand and accelerates adoption in both developed and emerging markets.

Growing Internet Penetration and Digital Ecosystems: The increase in global internet access, particularly in the Asia-Pacific and Africa regions, is enhancing smartphone adoption. Smartphones serve as gateways to digital services such as e-commerce, mobile banking, entertainment, and social media, rendering them indispensable tools for everyday life and driving demand even among lower-income demographics.

Increasing Affordability Through Mid-Range Models and Financing Options: Aggressive pricing strategies, equated monthly installments (EMIs), and carrier subsidies have rendered smartphones more accessible. The presence of high-performance mid-range devices facilitates greater market penetration in price-sensitive economies, boosting unit sales and broadening the global smartphone user base.

Key Restraints for

Smartphones Market

Saturation in Mature Markets: Regions such as the U.S., Japan, and Western Europe have achieved nearly complete smartphone penetration. Replacement cycles are extending due to incremental innovations, resulting in stagnant or declining unit sales in these areas, thus making growth heavily reliant on emerging markets.

Global Economic Uncertainty and Inflation: Macroeconomic elements such as inflation, currency depreciation, and supply chain disruptions affect consumer expenditure. Consumers in developing regions frequently postpone smartphone upgrades or choose used/refurbished devices, hindering market growth during economic downturns.

Environmental and E-Waste Concerns: The production of smartphones generates considerable electronic waste and utilizes non-renewable resources. Increasing environmental consciousness and stricter recycling regulations are compelling manufacturers to implement sustainable practices, which may elevate production costs and complicate supply chains.

Key Trends in

Smartphones Market

The Emergence of Foldable and Dual-Screen Smartphones: Foldable smartphones featuring flexible OLED displays are becoming increasingly popular in the premium market segments. As technology advances and prices decrease, these devices provide innovative user experiences and multitasking functionalities, establishing themselves as a unique sub-category within the flagship smartphone sector.

Integration of AI and On-Device Processing: Smartphones are progressively being outfitted with AI chips to improve photography, language processing, battery efficiency, and tailored user experiences. On-device AI also enhances privacy and accelerates performance without dependence on cloud processing.

Growth of the Used and Refurbished Smartphone Market: In response to the need for affordability and sustainability, the market for refurbished smartphones is experiencing rapid growth. Certified pre-owned devices deliver quality to consumers at reduced prices and prolong product life cycles, particularly in budget-sensitive areas such as India, Southeast Asia, and certain regions of Africa. Introduction to the Smartphones Market

A smartphone is a device that functions as a portable computer, offering features with features like a touchscreen, camera, internet connectivity, calling, and the ability to run multiple apps. Smartphones are innovative gadgets that simplify every activity with a few clicks.

The smartphone market is a massive and dynamic industry encompassing manufa...

In 2023, the used smartphone market share (including both officially refurbished and used smartphones) in North America reached 26 percent. The used smartphone market is expected to decrease in North America and by 2026, it will amount to les than 25 percent of the global used smartphone market. The global refurbished smartphone market In recent years, the refurbished smartphone market has been growing at a global level and reached a size of roughly 50 billion U.S. dollars in 2021. In the same year, over 251 million used or refurbished smartphones were shipped globally, with Latin America and India being the market leaders in terms of growth. The U.S. refurbished smartphone market Despite the U.S. playing an active role in the global refurbished smartphone market, Americans appear to prefer to buy new phones instead of reconditioned ones, mainly because they are concerned with the quality and reliability of their smartphones. However, those who do buy such devices prefer Apple iPhones rather than Android smartphones, making the iPhone XR and the iPhone 11 the most popular reconditioned smartphones.

The India smartphone market size was worth around USD 41.31 billion in 2023 and is predicted to grow to around USD 77.23 billion by 2032