Smartphone Market Set To Return To Growth, Says IDC
A report by industry researcher IDC has found the worldwide smartphone market will return to positive growth in the second half of 2018, with volumes up 1.1 percent compared to a year earlier.
IDC says that overall global smartphone shipments are expected to decline 0.7 percent on year to 1.455 billion units in 2018, down from 1.465 billion in 2017.
However, the market will experience low single-digit growth from 2019 through the end of IDC’s forecast covering up to 2022.
Large-screen smartphones, 5.5 inch and larger, will lead the charge with volumes of 941.6 million in 2018, accounting for 64.7 percent of all smartphones, up from 623.2 million units in 2017 and 42.5 percentage share.
By 2022, IDC estimates that shipments of these larger screen smartphones will jump to 1.391 billion units, or 84.5 percent of overall shipment volume.
IDC says that, as Chinese brands, such as Huawei, Oppo, Vivo, and Xiaomi, expand their international presence, they will likely focus on large screens, while aspect ratios will remain a focus across their entire portfolio.
It notes that two of the new iPhone models due out this month will be above six inches and will act as another catalyst toward driving these important display trends.
The China market is tipped to be down 6.3 percent in 2018, due to an extremely poor first half, which saw smartphone volumes drop 11 percent. The second half is expected to improve to a decline of 2 percent before returning to positive growth in 2019.
The Asia-Pacific as a region still holds plenty of market growth, led by India and Indonesia, which are expected to grow shipments in 2018 by 14.4 percent and 15.4 percent respectively.