Worldwide Mobile Phone Forecast, 2023–2027

Worldwide Mobile Phone Forecast, 2023–2027

This IDC study presents the five-year forecast for mobile phone shipments worldwide by device type. The worldwide mobile phone market will reach 1,403.0 million units shipped in 2023, down 2.4% from the 1,437.0 million units shipped in 2022. From there, total mobile phone shipments will grow to 1,516.6 million units worldwide by 2027, resulting in a CAGR of 1.1% from 2022 to 2027."The 2.4% decline in 2023 will feel more like a recovery than a drop coming off the painful 13.2% decline we witnessed in 2022," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "This year will be the year of two halves as the first and second quarters will bring more pain than joy, with units dropping 9.3% from 1H22. However, in the second half of 2023, we will see a nice turnaround with 4.6% growth as new flagships and holiday sales will help drive the growth."

Please Note: Extended description available upon request.