2020 may have decreased consumer purchases on phones, but this year, the smartphone market holds a promising outlook. Gartner forecasts that the worldwide mobile phone shipments will grow 11.4 percent in 2021, totaling about 1.5 billion units. More 5G-enabled phones are being released along with affordable options in the upper midrange tier, which is helping drive consumer demand. Buyers who want to future-proof their tech catalog ought to start importing 5G phones offered by Global Sources verified suppliers.
China and US, the two biggest manufacturers in the world will have a 5 and 3.5 percent growth according to IDC. Their shipments are expected to rise thanks to 5G developments and continued popularity of Apple’s iPhones. 5G phones are expected to capture 40 percent of the sales in 2021 and will continue to rise to 69 percent by 2025. Due to the heavy competition of 5G Android phone vendors in Asia, prices are expected to go as low as $404 by the end of 2025. This is good news for consumers as they have more affordable options to choose from, and even greater news for buyers as they’ll have the opportunity to provide these hot-selling devices to their customers.
Another factor for increased consumer interest in smartphones is the foldable phones. Gizmochina notes that “more than 5.1 million foldable and rollable smartphones are expected to be shipped in 2021. Unit shipments could grow up to 128 percent while revenue may increment up to 137 percent to $8.6 billion, as compared to 2020.” The popularity of Samsung’s Galaxy Z Fold series and the Z Flip in 2020 has challenged other Asian competitors like Xiaomi, Oppo and Vivo to release their own foldable phones in the market this year.
5G and foldable phones are the current reigning kings in the smartphone world. 5G phones, screen protectors and cases for foldable phones and other mobile accessories like wireless chargers and audio products are readily available for sourcing on Global Sources.