The global smartphone market, after a period of setbacks, is gearing up for a remarkable comeback in 2024, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. In the latest forecast by IDC analysts, it is anticipated that the global smartphone shipments will reach a staggering 1.2 billion in 2024, representing a 2.8 percent growth. This positive trend is expected to continue with low single-digit growth rates until 2028, indicating a promising trajectory for the industry.
Ryan Reith, the Group Vice President of IDC’s Worldwide Mobility and Consumer Device Trackers, acknowledged the arduous journey the smartphone market has undertaken, especially in the years leading up to the pandemic. Despite ongoing macroeconomic challenges, there has been a resurgence in several device categories, including personal computers. While smartphones remain the dominant device for most consumers, factors such as rising prices and enhanced durability have elongated replacement cycles, affecting new shipment growth rates.
The reinvigoration of the smartphone business hinges on multiple factors, such as device replacement cycles and the burgeoning demand in emerging markets. However, recent technological advancements have played a pivotal role in injecting new vitality into the industry. Particularly, foldable smartphones have experienced rapid growth, with an anticipated year-over-year increase of 37 percent, reaching an impressive 25 million units in 2024. Furthermore, the integration of artificial intelligence (AI) has emerged as a crucial driver, sparking immense interest in next-generation AI experiences integrated into handheld devices.
Nabila Popal, the Research Director with IDC’s Mobility and Consumer Device Trackers, highlighted the willingness of consumers to invest in higher-priced smartphones. Innovation in foldable technology and the integration of next-generation AI capabilities have fueled this trend. IDC projects that in 2024, 170 million next-gen AI smartphones will be shipped, constituting almost 15 percent of the total smartphone market and surpassing AI PCs. Popal emphasized that smartphones will take the lead in the AI revolution, penetrating households across the globe. Moreover, continued growth is expected beyond 2024 as use cases evolve, and industry players advance Neural Processing Unit (NPU) technology.
FAQ Section:
Q: What is the forecast for global smartphone shipments in 2024?
A: The International Data Corporation (IDC) predicts that global smartphone shipments will reach 1.2 billion in 2024, with a growth rate of 2.8 percent.
Q: How does the smartphone market look beyond 2024?
A: The IDC forecasts continued growth with low single-digit growth rates until 2028, indicating a promising trajectory for the industry.
Q: What factors have affected new shipment growth rates in the smartphone market?
A: Factors such as rising prices and enhanced durability have elongated replacement cycles, impacting new shipment growth rates.
Q: What has contributed to the reinvigoration of the smartphone business?
A: The reinvigoration of the smartphone industry can be attributed to factors like device replacement cycles, growing demand in emerging markets, technological advancements, and the integration of artificial intelligence (AI) into smartphones.
Q: Which specific technological advancements have played a crucial role in the growth of the smartphone industry?
A: Foldable smartphones have experienced rapid growth, with an anticipated year-over-year increase of 37 percent, reaching 25 million units in 2024. Additionally, the integration of next-generation AI capabilities has also contributed to the industry’s growth.
Q: How many next-gen AI smartphones are projected to be shipped in 2024?
A: IDC projects that 170 million next-gen AI smartphones will be shipped in 2024, constituting almost 15 percent of the total smartphone market.
Definitions:
– Smartphone shipments: The number of smartphones delivered to the market or sold during a specific time period.
– Macroeconomic challenges: Challenges or issues that affect the overall economy on a large scale, such as inflation, unemployment, or GDP growth.
– Replacement cycles: The period of time before consumers replace their existing smartphones with newer models.
– Emerging markets: Developing or newly industrialized countries where there is potential for market growth and increased consumer demand.
– Foldable smartphones: Smartphones that can be folded or unfolded, allowing for larger screens and increased functionality.
– Artificial intelligence (AI): The simulation of human intelligence in machines, enabling them to perform tasks and make decisions that typically require human intelligence.
– Next-generation AI smartphones: Smartphones that incorporate advanced AI capabilities and features.
– Neural Processing Unit (NPU): A specialized processor designed to accelerate the execution of artificial neural networks, commonly used in AI applications.
Related Links:
– IDC Official Website
– IDC Worldwide Quarterly Mobile Phone Tracker
The source of the article is from the blog cheap-sound.com