Cellular Telephones Market 2021 | Industry Insights, New Trends, and Forecast to 2031
Cellular Telephones Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the cellular telephones industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected cellular telephones market growth numbers from 2022-2031.
The global cellular telephones market size is expected to grow from $351.65 billion in 2021 to $395.05 billion in 2022 at a compound annual growth rate (CAGR) of 12.3%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The cellular telephone market is expected to reach $607.82 billion in 2026 at a CAGR of 11.4%.
The Cellular Telephones Global Market Report 2022-31 by The Business Research Company evaluates cellular telephones market size, growth rate, drivers, cellular telephones industry trends, and major companies.
The cellular
telephones market segments in the report are:
1) By Product
Type: Smartphone, Feature Phone
2) By Age Group:
Under 18 Years Old, 18-45 Years Old, 45-60 Years Old, Above 60 Years Old
3) By Distribution Channel: OEM, Retailer, E-Commerce
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