IDC estimates global smartphone shipments in 2024 to be 1.2 billion units: 25 million foldable screens, a year-on-year increase of 37%

IT Home News on February 24, IDC recently released a market research report, predicting that global smartphone shipments will reach 1.2 billion units in 2024, a year-on-year increase of 2.8%, and will then remain at a low level by 2028. Single digit growth. IDC believes that overall shipments in 2024 will still be below pre-pandemic levels, but the global smartphone market has bottomed out and is beginning to show an upward trend in recovery. IDC believes that the two key factors driving the overall market recovery are the equipment refresh cycle and the growth of demand in emerging markets.

There are also two main driving forces. IDC estimates that folding screen mobile phone shipments will reach 25 million units in 2024, a year-on-year increase of 37%; the other is artificial intelligence (AI) has quickly become part of the smartphone conversation, sparking new interest in next-generation AI experiences on handheld devices.

Nabila Popal, Research Director, Mobile and Consumer Device Tracking, IDC said:

1. IDC Forecast, 2024 Shipments of next-generation AI smartphones will reach 170 million units, accounting for nearly 15% of the entire smartphone market, even surpassing AI personal computers.
2. The next generation of AI smartphones will grow rapidly after 2024 as use cases evolve and industry players continue to advance NPU technology.
3. While AI will impact all devices, smartphones will be the devices that drive the AI revolution into every home.

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