It’s been the third consecutive year due to the fact 2017 whenever we will witness a further decline in the cameraphone shipments. As per a fresh report from IDC, the smartphone shipments will fall by 0.8% in comparison with the last year. The cameraphone shipments will dip to 1.39 billion this year. Even though, the market seems to be to recover in the second half of 2019 with the year-on-year growth of 2.3%. Also, in the approaching years, the smartphone industry will boom with a surge in cameraphone volumes to 1.54 billion by 2023.
As per the report, the smartphone market is coming to be back on the growth path by the close of this year. 5G handsets are Furthermore likely to cater to the growth in the up coming few several years. IDC’s vice president, Ryan Reith has said that the reason behind the expected growth is still unknown. He further more added that plenty of reasons these types of as longer replacements cycles, competition from the Chinese market and various other reasons are the culprit behind slow growth in the past couple of years.
“The largest question that remains unanswered is which will bring the smartphone industry back to growth,” said Ryan Reith, program vice president with IDC’s Worldwide Mobile Gadget Trackers. “There is no question industry growth has been down for reasons that have presently been identified – longer replacement cycles, a challenged China market, and geopolitical headwinds – but it is shortsighted to overlook the possibilities of some key tech advancements that are within achieve with 5G maybe being the most significant.”
In the year 2019, the industry is coming to witness new advancements with the introduction of foldable devices and 5G smartphones. Mainly, 5G phones are supposed to unveield 0.5 percent of the total phones shipments among 1.395 billion cameraphone volumes. While, at snail’s pace the 5G shipments will only grow upto 26% in 2023. In other words out of 1541 billion of total shipments 26% percent will be 5G products. In 2023, the year-on-year growth of smartphones will be at 1.7 percent.
This year is quite challenging for foldable gadgets. Speaking on the occasion, Sangeetika Srivastava, senior research analyst with IDC added that “Though the 5G developments and foldable display buzz is still to have a reality check from users, 2019 will be certainly marked as a year of modernization in the cameraphone market.”
Numerous huge manufacturers have presently announced 5G smartphones. Samsung has introduced its Galaxy Fold with other high-end specs, even though Huawei has announced the Mate X foldable cameraphone. Similarly, some Chinese smartphone manufacturers have Furthermore come up with foldable products. These releases will certainly cater 5G adoption growth in the next number of months. Further more, plenty of foldable products are pending for release by the close of this year.
Talking about Lte shipments, then it will slowly reduce to 1105 billion shipments in 2023 by -4.4% YoY growth from 1336 billion in 2019. In total, Lte market share will dip from 95.4% to 71.7% in 2023. The ageing 3G tech will shrink to 2% in 2023 from 4.1% current market share.
The stats are Very interesting if we take a watch at the growth of the smartphone market. The fresh generation phones will be witnessing a significant growth in the upcoming couple of years.
As of now, Samsung and Apple are the big OEMs what have witnessed a decline in the phone shipments. Despite the slow growth, the Chinese smartphone manufacturers like Xiaomi, Huawei, Vivo, Oppo are yet on the top, generating most of the gross sales. The higher than informaton is compiled from the current out there information by IDC.