Emerging countries in Asia-Pacific have been predicted as a key driver for this growth
CCS Insight predicts the number of mobiles sold will more than double from over 2 billion this year to over 5.4 billion in 2020.
Its latest forecast published today (April 5) predicts that over a billion smartphones will make up shipment figures this year. This is expected to increase to over 2 billion by 2020. The total number of smartphone users is predicted to increase from 3.1 billion last year to 5.4 billion by the next decade.
Emerging countries in Asia-Pacific have been identified as a key market for this growth. CCS predicts 220 million smartphones will be sold in this region this year. A further 85 million will be sold in Africa.
CCS smart devices analyst Jasdeep Badyal said: “Despite a popular misconception that mobile phone growth has ceased, there remains a huge market opportunity. Adoption of new technology is also being boosted as users upgrade to increasingly affordable LTE-capable smartphones.”
Additional research shows that 4G shipments doubled from 443 million in 2014 to 900 million this year. China contributed to the majority of that growth, with 4G shipments tripling from 93 million to 317 million.
Badyal added: “LTE momentum shows no signs of abating. In 2016 we expect LTE-capable devices to account for 50 per cent of all smartphone shipments; and we expect that to rise to 72 percent of the market by 2020.”