Cellular telephones market comprises of sales of cellular telephone & related services for voice calling, video calling and text messaging. Cellular telephones have advanced computing abilities such as third-party applications, wireless internet, and mobile payment, solutions for information management such as emails, documents, and contacts, inbuilt GPS applications.
Cellular telephone systems are
basically designed for providing two-way voice. These systems are also designed
for mobile terminals inside the vehicles with antennas mounted on the vehicle
roof. The basic feature of these systems is frequency reuse. In a cellular
system, signal from mobile unit (cell phone) to a base station is transmitted
by the radio waves through the air, instead of via metallic wires. However,
signal from the base station is sent to the mobile switching center and
possibly to a telephone central office via electrical wires. At the base
station, antenna converts the radio waves to electrical signals and circuits in
the base station send the signal to the suitable mobile switching center.
According to study, “Cellular Telephones Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global cellular telephones market are Lenovo, Samsung Electronics Co. Ltd., Apple, Xiaomi, OPPO, Micromax Informatics Ltd., Huawei, LG Electronics, TCL Corporation, Motorola Mobility Holdings Inc, Research In Motion Limited, Vivo, Sony Mobile Communications Inc., Xiaomi, ZTE Corporation, HTC Corporation, Nokia, Ericsson, Gionee, LeEco/Coolpad. The leading companies are introducing technological advancements in processors that provide the best customer experience. The smart-phones are integrated with 7nm (nanometer) processors that increase the device speed and have improved power efficiency and some are estimated to support 5G technology as well.
Based on product type, cellular
telephones market is segmented as feature phone and smartphone. Based on
age-group, market is segmented as under 18 years old, 18 to 45 years old and above
60 years old. In addition, based on distribution channel, market is segmented
as retailer, Original Equipment Manufacturer (OEM) and e-commerce.
The cellular telephones market is
primarily driven by increase in disposable income. Nowadays, cellular telephones
have become a requirement in every household due to advantages such as
productivity applications, connectivity, entertainment and education and with
rising disposable income; individuals are increasingly buying smart-phones.
However, uncertainty about government stabilities & policies affect imports
of the raw materials necessary for manufacturing cellular telephone that
creates a negative impact on the market. Uncertainties about the government
policies brought about by cancellation of deal agreements cause companies to
reduce their import volumes to keep expenditures at the levels of previous
years or to augment prices of finished products owing to increased costs.
It is anticipated that future of
the global cellular telephones market will be optimistic on account of increase
in per capita net disposable income coupled with growth in purchasing power of
individuals during the forecast period. In 2019, the global cellular telephone
market was valued at US $4.07 billion and it is likely to grow at a compound
annual growth rate (CAGR) of 1.88% and reach US $4.39 billion by 2023.
For More Information, Click on the Link Below:-
Global
Cellular Telephones Market
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
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