Cameraphone Market decline coming to continue 2019
Cameraphone Market decline coming to continue 2019

Cameraphone Market decline coming to continue 2019

It’s been the third consecutive year since 2017 whenever we will witness a further more decline in the cameraphone shipments. As per a new report from IDC, the smartphone shipments will drop by 0.8% in comparison with the last year. The phone shipments will dip to 1.39 billion this year. Even though, the market seems to be to recover in the second half of 2019 with the year-on-year growth of 2.3%. Additionally, in the approaching several years, the phone industry will boom with a surge in cameraphone volumes to 1.54 billion by 2023.

Cameraphone Market decline coming to continue 2019

As per the report, the smartphone market is coming to be back on the growth path by the end of this year. 5G cameraphones are Additionally going to cater to the growth in the up coming few several years. IDC’s vice president, Ryan Reith has said that the reason behind the expected growth is yet unknown. He further added that many reasons these types of as longer replacements cycles, competition from the Chinese market and various other reasons are the culprit behind sluggish growth in the past couple of years.

“The biggest question that remains unanswered is what will bring the phone industry back to growth,” said Ryan Reith, program vice president with IDC’s Worldwide Mobile Device Trackers. “There is no question industry growth has been down for reasons that have already been identified – longer replacement cycles, a challenged China market, and geopolitical headwinds – but it is shortsighted to overlook the possibilities of few important technology advancements that are within reach with 5G probably being the most significant.”

In the year 2019, the industry is coming to witness fresh advancements with the introduction of foldable products and 5G phones. Mainly, 5G smartphones are supposed to represent 0.5 percent of the total cameraphones shipments among 1.395 billion smartphone volumes. While, at snail’s pace the 5G shipments will only grow upto 26% in 2023. In other words out of 1541 billion of total shipments 26% percent will be 5G gadgets. In 2023, the year-on-year growth of smartphones will be at 1.7 percent.

This year is Very challenging for foldable devices. Speaking on the event, Sangeetika Srivastava, senior research analyst with IDC added that “Though the 5G developments and foldable display buzz is yet to have a reality check from users, 2019 will be certainly marked as a year of modernization in the cameraphone market.”

Numerous huge manufacturers have already noted 5G phones. Samsung has introduced its Galaxy Fold with other high-end specs, whereas Huawei has noted the Mate X foldable cameraphone. Similarly, some Chinese phone manufacturers have Furthermore arrive up with foldable gadgets. Those launches will certainly cater 5G adoption growth in the upcoming couple of months. Further, plenty of foldable gadgets are pending for release by the end of this year.

Talking about 4G shipments, then it will slowly reduce to 1105 billion shipments in 2023 by -4.4% YoY growth from 1336 billion in 2019. In total, 4G market share will dip from 95.4% to 71.7% in 2023. The ageing 3G tech will shrink to 2% in 2023 from 4.1% current market share.

The stats are Very interesting if we take a Check at the growth of the phone market. The fresh generation phones will be witnessing a significant growth in the up coming couple of years.

As of now, Samsung and Apple are the big OEMs which have witnessed a decline in the phone shipments. Despite the sluggish growth, the Chinese smartphone manufacturers such as Xiaomi, Huawei, Vivo, Oppo are still on the top, generating most of the sales. The higher than informaton is compiled from the existing in the world reports by IDC.

(Source, Via)

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