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Institution: Global Smartphone Average Selling Price to Climb from $370 in 2025 to $412 in 2029
5 day ago /
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Author：小编
It is anticipated that the average selling price within the global smartphone market will experience an upward trajectory, rising from $357 in 2024 to $370 in 2025 and further reaching $412 by 2029. This increase will occur at a compound annual growth rate (CAGR) of 3%. The key factors propelling this growth include the rising inclination towards premium smartphones, the widespread integration of 5G technology, and consumers' strong desire for cutting-edge features. Projections indicate that by 2029, the annual global revenue generated from smartphones will soar to $564 billion (equivalent to approximately RMB 4 trillion), boasting a CAGR of 5% from 2025 to 2029.
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