Industry Analysis & Industry Trends
Revenue for the Smart Phone Manufacturing industry in China has been increasing at an average annual rate of 53.9% in the past five years. In 2014, revenue is expected to grow 21.2% to $68.9 billion, mainly driven by increased exports and growing demand for third and fourth-generation (4G) smart phones. Exports are estimated to account for 86.3% of industry revenue in 2014.
With the rapid development of 3G technology, the abundant smart phone product portfolio, and competitive product pricing, demand for smart phones has been growing strongly. In late 2013, the Ministry of Industry and Information issued 4G licenses to China Mobile, China Unicom and China Telecom, further spurring demand for smartphones and the development of the industry.... purchase to read more
Industry Report - Industry Analysis Chapter
Revenue of the Smart Phone Manufacturing industry in China has been increasing at an annualized rate of 53.9%in the five years through 2014. Revenue in 2014 is estimated to total $68.9 billion, representing growth of 21.2% from the previous year.
Substantial growth occurred to the industry in the past five years, mainly driven by increased exports and growing demand for second and third-generation (3G) smart phones. The issuance of 4G licenses at the end of 2013 will also push the development of 4G smart phones.
China is the largest manufacturing base for smart phones in the world, producing 20.7% of the global output. Exports account for a whopping 86.3% of industry revenue and have been growing at an annualized rate of 61.4% over the past five years... purchase to read more