DUBLIN--(BUSINESS WIRE)--The "Global Cellular Telephones Markets 2020-2030: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.
This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider cellular telephones market, and compares it with other markets.
The global cellular telephone market was worth $4.07 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 1.88% and reach $4.39 billion by 2023.
Uncertainty about government stabilities and policies affect imports of the raw materials required for manufacturing cellular telephones, creating a negative impact on the market. Uncertainties about government policies brought about by cancellation of trade agreements cause companies to decrease their import volumes to keep expenditures at the levels of previous years or to increase prices of finished products due to increased costs. For instance, the withdrawal of the USA from the Trans-Pacific Partnership (TPP) trade deal and the $250 billion tariffs on imported products from China by the US government affecting the consumers and households indirectly thereby, hindering the growth of the cellular telephone market.
Increase in disposable income is driving the cellular telephone 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, in 2019 the per capita net disposable income in India increased by 10% to INR 10,534. Moreover, companies are manufacturing cellular devices that are affordable to purchase. For instance, in October 2019, HTC announced plans to manufacture affordable smartphones that support 5G. Rise in disposable income coupled with affordability increased the purchasing power of the individuals and in turn propelled the market for cellular telephones.
Major players in the cellular telephones market are Samsung Electronics Co. Ltd., Apple, Huawei, LG Electronics, Lenovo, Xiaomi, OPPO, Vivo, Motorola Mobility Holdings Inc., and TCL Corporation.
Key Topics Covered
1. Executive Summary
2. Cellular Telephone Market Characteristics
3. Cellular Telephone Market Size and Growth
3.1. Global Cellular Telephone Historic Market, 2015-2019, $ Billion
3.1.1. Drivers of the Market
3.1.2. Restraints on the Market
3.2. Global Cellular Telephone Forecast Market, 2019-2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers of the Market
3.2.2. Restraints on the Market
4. Cellular Telephone Market Segmentation
4.1. Global Cellular Telephone Market, Segmentation by Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Feature Phone
4.2. Global Cellular Telephone Market, Segmentation by Age-Group, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Under 18 Years Old
- 18-45 Years Old
- 45-60 Years Old
- Above 60 Years Old
4.3. Global Cellular Telephone Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Cellular Telephone Market Regional and Country Analysis
5.1. Global Cellular Telephone Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Cellular Telephone Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- HTC Corporation
- LG Electronics
- Micromax Informatics Ltd.
- Motorola Mobility Holdings Inc
- Research In Motion Limited
- Samsung Electronics Co. Ltd.
- Sony Mobile Communications Inc.
- TCL Corporation
- ZTE Corporation
For more information about this report visit https://www.researchandmarkets.com/r/wnfh0o