target audience: TECH SUPPLIER Publication date: Sep 2024 - Document type: Market Forecast - Doc Document number: # US52545424
Worldwide Mobile Phone Forecast Update, 2024–2028: CY 3Q24
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Abstract
This IDC study presents the updated five-year forecast of the worldwide mobile phone market for 2024–2028.
"Following two years of decline, the worldwide mobile phone market is ready to rebound in 2024," said Ramon T. Llamas, research director with IDC's Mobile Phones team. "Ongoing challenges in the worldwide economy dampened demand in 2022 and 2023, but recovery is slowly making its way. Joining it is pent-up demand among those ready to upgrade from their current devices. The end result: an increase in 2024 and slow growth in the years that follow."