Industry Analysis & Industry Trends
Revenue for the Smart Phone Manufacturing industry in China is estimated to increase at an average annual rate of 58.1% over the five years to 2015. In 2015 alone, revenue is expected to grow 28.8% to reach $98.2 billion, mainly driven by increased exports and growing demand for third- and fourth-generation (4G) smart phones. Exports are estimated to account for 74.8% of industry revenue in 2015.
With the rapid development of 3G and 4G technology, an 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 smart phones and the development of the industry.... purchase to read more
Industry Report - Industry Analysis Chapter
Revenue of the Smart Phone Manufacturing industry in China is estimated to increase at an annualized rate of 58.1% in the five years through 2015. Revenue in 2015 is estimated to total $98.2 billion, representing growth of 28.8% during the year.
Substantial growth has occurred within the industry over 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 also pushed 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 74.8% of industry revenue and have been growing at an annualized rate of 58.5% over the past five years... purchase to read more