What are the recent trends in market size and growth for the cellular telephones market?
The cellular telephone market size has grown strongly in recent years. It will grow from $409.32 billion in 2024 to $442.43 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increasing consumer demand, expanding global connectivity, mobile apps and ecosystems.
The cellular telephone market size is expected to see strong growth in the next few years. It will grow to $594.07 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to 5g technology, internet of things (iot), emerging markets, remote work and digital transformation, environmental concerns. Major trends in the forecast period include foldable and flexible displays, augmented and virtual reality, ai and machine learning, security and privacy.
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How have varous drivers impacted the growth of the cellular telephones market?
Increase in disposable income is driving the cellular telephones market. Cellular telephones have now become a necessity in every household owing to advantages such as connectivity, productivity applications, entertainment and education and with increasing disposable income, individuals are increasingly buying smartphones. For instance, according to TRADING ECONOMICS, a US-based provider of economic indicators and financials, In the United States, disposable personal income increased from 18700.30 USD in August to 18771.60 USD in September of 2022. Rise in disposable income coupled with affordability increased the purchasing power of the individuals and in turn propelled the growth of the cellular telephones market.
What are the primary segments of the cellular telephones market?
The cellular telephones market covered in this report is segmented –
1) By Product Type: Smartphone, Feature Phone
2) By Age-Group: Under 18 Years Old, 18-45 Years Old, 45-60 Years Old, Above 60 Years Old
3) By Distribution channel: OEM, Retailer, E-commerce
Subsegments:
1) By Smartphone: Android Smartphones, IOS Smartphones, 5G Smartphones, 4G Smartphones, Foldable Smartphones, Gaming Smartphones, Other Smartphones
2) By Feature Phone: Bar Phones, Flip Phones, Slider Phones, Smart Feature Phones, Other Feature Phones
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Which firms are leading the cellular telephones market?
Major companies operating in the cellular telephones market include Samsung Electronics Co. Ltd., Apple, Huawei, LG Electronics, Lenovo, Xiaomi, OPPO, Vivo, Motorola Mobility Holdings Inc, TCL Corporation, Research In Motion Limited, Sony Mobile Communications Inc., ZTE Corporation, Nokia, HTC Corporation, Others, Xiaomi, Gionee, LeEco/Coolpad, Micromax Informatics Ltd., Ericsson
How will industry trends affect the trajectory of the cellular telephones market?
Major companies operating in the cellular telephone market are focusing on developing technologically innovative solutions, such as cellular smartphones, to enhance user experiences and meet growing consumer demand for advanced features. Cellular smartphones refer to mobile devices that combine the functionalities of traditional cell phones with advanced computing features. For instance, in January 2024, Samsung Electronics Co., Ltd., a South Korea-based consumer electronics corporation, launched the Galaxy S24 Ultra, a flagship smartphone. This premium device features a stunning 6.8-inch QHD+ Dynamic AMOLED 2X display with a 120 Hz refresh rate and is powered by the Qualcomm Snapdragon 8 Gen 3 processor. The camera system includes a remarkable 200 MP primary camera, alongside three additional lenses for versatile photography. With a robust 5000 mAh battery, fast charging capabilities, and an IP68 rating for water and dust resistance, the S24 Ultra is designed for durability and performance.
Which geographic trends are shaping the cellular telephones market, and which region has the highest market share?
Asia-Pacific was the largest region in the cellular telephones market in 2023. Western Europe was the second largest region in the cellular telephones market. The regions covered in the cellular telephones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Cellular Telephones Market Report 2025 Offer?
The cellular telephones market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A cellular telephone is a telecommunications system in which a portable or mobile radio transmitter and receiver are linked through microwave radio frequencies to base stations that connect the user to a regular telephone network.
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