September 25, 2023

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Future Technology

Present Macroeconomic Headwinds Liable for 7% YoY Complete Smartphone Market Decline to 1.24 Billion Items in 2022

ABI Analysis Analysts share how expertise will play a key position in navigating the financial, political, and enterprise headwinds now shaping transformation expertise markets

NEW YORK, Sept. 23, 2022 /PRNewswire/ — A number of massively disruptive political, financial, and social headwinds—hovering rates of interest, looming meals and vitality shortages, a devastating and useless battle, and the altering nature of labor–are creating an particularly difficult local weather. In keeping with world expertise intelligence agency ABI Analysis, these headwinds will result in a 7% year-over-year decline within the smartphone market.

“The difficult headwinds and notable stock corrections conspired to outweigh any development potential in 1H 2022, which has tempered smartphone demand amid a interval of weak seasonality,” mentioned David McQueen, Shopper Applied sciences Analysis Director at ABI Analysis. “In response, ABI Analysis’s forecasts for world smartphone shipments in 2022 and 2023 have been adjusted downward from authentic estimates, when it comes to each whole market and 5G gadgets, with susceptibility to adjustments within the financial local weather and geopolitical volatility mirrored rationally within the revised information. The present expectation is that the entire market will decline 7% 12 months-over-12 months (YoY) in 2022 to succeed in 1.24 billion items, whereas 5G smartphones will develop 15% in 2022 to round 683 million versus a beforehand anticipated improve of 28%. By 2024, ABI Analysis anticipates that markets might be again on observe to hyperlink with earlier forecast trajectories.”

McQueen shared his findings in ABI Analysis’s new whitepaper,  2022 State of Expertise Report: The Way forward for Expertise in a Tumultuous World. ABI Analysis analysts from all through the globe have compiled their observations, analyses, and proposals for crucial applied sciences and finish markets.

Stuart Carlaw, Chief Analysis Officer, concludes, “We must always heed one of the vital necessary enterprise classes discovered throughout 2020—that expertise won’t be a casualty of uncertainty, however relatively a instrument to beat it. Firms that embrace, put money into, and deploy expertise properly will undoubtedly emerge stronger and higher ready to deal with the subsequent spate of challenges on the horizon, irrespective of the climate.”

To study extra about how difficult financial, political, and enterprise headwinds will form transformation expertise markets, together with 5G, Automotive, Digital Safety, and Good Dwelling, and the way expertise will play a key position in navigating this distinctive panorama, obtain the  2022 State of Expertise Report: The Way forward for Expertise in a Tumultuous World.

About ABI Analysis

ABI Analysis is a world expertise intelligence agency delivering actionable analysis and strategic steering to expertise leaders, innovators, and choice makers around the globe. Our analysis focuses on the transformative applied sciences which might be dramatically reshaping industries, economies, and workforces at this time.

ABI Research是一家国际科技情报公司,为全球科技领袖、创新人士和决策者提供实用的市场研究和战略性指导。我们密切关注一切为各行各业、全球经济和劳动市场带来颠覆性变革的创新与技术。

For extra details about ABI Analysis’s companies, contact us at +1.516.624.2500 within the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or go to

Contact Information

Deborah Petrara 
Tel: +1.516.624.2558 
[email protected]