Global Smartphones Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By RAM Size;

Below 2GB, 2GB-4GB, 4GB-8GB, and Others.

By Screen Size;

Below 4.0", 0"–5.0", and Above 5.0".

By Generation;

3G, 4G, and 5G.

By Operating System;

Android, Windows, iOS, Palm OS, and Others.

By Distribution Channel;

Online and Offline.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn761764101 Published Date: May, 2025 Updated Date: June, 2025

Smartphones Market Overview

Smartphones Market (USD Million)

Smartphones Market was valued at USD 614,788.35 million in the year 2024. The size of this market is expected to increase to USD 961,669.99 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.6%.


Global Smartphones Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 6.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.6 %
Market Size (2024)USD 614,788.35 Million
Market Size (2031)USD 961,669.99 Million
Market ConcentrationMedium
Report Pages316
614,788.35
2024
961,669.99
2031

Major Players

  • Apple Inc.
  • Samsung Electronics
  • Huawei Technologies Co., Ltd.
  • Xiaomi Corporation
  • OPPO
  • Vivo
  • Lenovo Group Limited
  • LG Electronics Inc.
  • Sony Corporation
  • Google LLC

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Smartphones Market

Fragmented - Highly competitive market without dominant players


The Smartphones Market continues to evolve with significant technological enhancements and shifting consumer preferences. The integration of AI-driven features, multi-camera systems, and 5G compatibility has accelerated product replacements and upgrades. The market witnessed a growth of over 9% in demand due to improved connectivity and performance efficiency. Consumer reliance on mobile applications has further strengthened the role of smartphones in everyday life.

Technological Advancements
The introduction of foldable displays, AI-based imaging, and faster processors has transformed smartphone functionality and user experience. Approximately 12% of newly released devices now feature foldable or flexible display technologies, reflecting innovation-led differentiation. These advancements are also pushing higher average selling prices and extended product lifecycles across various consumer categories.

Consumer Behavior Trends
An estimated 17% increase in smartphone upgrades was observed due to device miniaturization and high refresh rate displays. Users are increasingly opting for premium and mid-range devices, driven by rising awareness of technical specifications and feature richness. Enhanced mobile gaming, video content consumption, and social media integration are also boosting consumer engagement levels.

Future Growth Prospects
Ongoing developments in battery efficiency, operating systems, and camera modules are fostering continuous demand. The market is expected to witness more than 10% enhancement in feature adoption rates due to increasing tech-savvy demographics. As innovations deepen and digital dependency rises, smartphones will remain a cornerstone of personal and professional connectivity.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By RAM Size
    2. Market Snapshot, By Screen Size
    3. Market Snapshot, By Generation
    4. Market Snapshot, By Operating System
    5. Market Snapshot, By Distribution Channel
    6. Market Snapshot, By Region
  4. Smartphones Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Mobile internet penetration
        2. Technological advancements
        3. Consumer lifestyle changes
        4. E-commerce growth
        5. Affordable smartphone models
      2. Restraints
        1. High competition intensity
        2. Economic instability
        3. Market saturation risks
        4. Security concerns
        5. Environmental impact
      3. Opportunities
        1. Emerging market expansion
        2. 5G technology adoption
        3. AI integration growth
        4. Wearable technology synergy
        5. Sustainable device production
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Smartphones Market, By RAM Size, 2021 - 2031 (USD Million)
      1. Below 2GB
      2. 2GB-4GB
      3. 4GB-8GB
      4. Others
    2. Smartphones Market, By Screen Size, 2021 - 2031 (USD Million)
      1. Below 4.0"
      2. 0"–5.0"
      3. Above 5.0"
    3. Smartphones Market, By Generation, 2021 - 2031 (USD Million)

      1. 3G

      2. 4G

      3. 5G

    4. Smartphones Market, By Operating System, 2021 - 2031 (USD Million)

      1. Android

      2. Windows

      3. iOS

      4. Palm OS

      5. Others

    5. Smartphones Market, By Distribution Channel, 2021 - 2031 (USD Million)

      1. Online

      2. Offline

    6. Smartphones Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa

        1. GCC

        2. Israel\

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Apple Inc.
      2. Samsung Electronics
      3. Huawei Technologies Co., Ltd.
      4. Xiaomi Corporation
      5. OPPO
      6. Vivo
      7. Lenovo Group Limited
      8. LG Electronics Inc.
      9. Sony Corporation
      10. Google LLC
  7. Analyst Views
  8. Future Outlook of the Market