According to research, global smartphone shipments will probably fall by 3.5 per cent in 2022 to 1.31 billion devices. Supply and demand issues have been blamed for the fall. Apple and Samsung have both reduced their orders for this year. However, according to one market research company, Apple may be the least affected. By 2022, the market for 5G devices is likely to rise 25.5 per cent year on year (YoY).
IDC Worldwide Quarterly Mobile Phone Tracker predicts a 3.5 per cent drop in worldwide smartphone shipments this year. Following three consecutive quarters of declining shipments due to increased problems in both supply and demand, IDC has dramatically dropped its prediction for 2022 from its earlier expectation of 1.6 per cent growth.
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Although this may seem like a short-term setback, the industry will probably increase at a CAGR of 1.9 per cent over the next five years through 2026.
Popal emphasised that the smartphone market has been plagued by “weakening demand, inflation, prolonged geopolitical tensions, and persisting supply chain restrictions,” according to Nabila Popal of IDC. There is a direct correlation between this and the China lockdowns on smartphone exports.
While the worldwide demand and supply chain was affected by the lockdowns, “the lockdowns struck global demand and supply simultaneously,” said Popal. “The lockdowns hit global demand and supply simultaneously for Global Smartphone Shipments,” added Popal.
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What International Data Corporation Says?
According to the IDC, these issues are likely to diminish by the end of the year, and the market will return in 2023 with 5 per cent growth.
Some OEMs are compelling to reduce their orders for the current year because of supply and demand issues. However, according to the head of research, Apple looks to be the least affected seller in this market. Due to Apple’s better command over its supply chain, this is possible. In addition, inflation doesn’t affect Cupertino-based Apple since its high-priced clients don’t care as much about macroeconomic concerns like that.
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According to a different IDC research director, despite a lack of 4G SoC supply, the industry is still shifting towards 5G SoCs. PMICs, display drivers, and discrete Wi-Fi chips have become a significant challenge because of the limited availability of these components”.
In addition, higher-process-node semiconductors have greater capacity, and newer generations of Wi-Fi chips are being produced using higher-process-node semiconductors. As a result, demand is decreasing at the same time.
Phil Solis, research director in IDC’s Enabling Technologies and Semiconductors team, noted that the market would be more balanced due to the adjustments in supply and demand.
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Global Smartphone Shipments Stats!
New 5G devices are likely to account for 53 per cent of all new shipments in 2022 at an average selling price of $608 per unit (roughly Rs. 47,150). With an ASP of $440, 5G is likely to have a 78 per cent market share by 2026. (roughly Rs. 34,100). The ASP for 4G phones is probably to reach $170 (approximately Rs. 13,200) in 2022 before falling to $113 (about Rs. 8,760) towards the conclusion of the projection period.
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Regarding regional segregation, a 22 per cent drop in exports projects in Central and Eastern Europe in 2022. About 80 per cent of this year’s worldwide export volume loss is likely to come from China, which is likely to drop by 11.5 per cent.
According to forecasts, there will be a 1 per cent fall in Western Europe. Despite this, Asia/Pacific (excluding Japan and China) is likely to develop at a healthy rate this year (about 3 per cent).
Ritika Sharma
I write as a writer, as someone very familiar with the Internet, as someone who is completely at ease with current technology and the way it is transforming the social fabric of the globe, the business world in particular, and as a former web developer.