Another Record Year for Cell Handsets, but Growth is Slowing, Reports In-Stat
Another Record Year for Cell Handsets, but Growth is Slowing, Reports In-StatThe mobile phone market keeps humming along -- on pace for a fourth consecutive record year in 2005 in terms of unit volumes, reports In-Stat (http://www.in-stat.com). The rate of growth, however, is slowing from the double-digit pace seen in the past few years, the high-tech market research firm said. Shipments should grow just under 6% year over year.
"The slowing pace is a result of some mature markets at, or near, full penetration, and weaker-than-expected growth in some emerging ones," said Allyn Hall, director of wireless research, In-Stat. "It's a sign of a maturing industry."
A recent report by In-Stat found the following:
-- The top five manufacturers will once again carve out the largest share of the market, accounting for approximately 80% worldwide.
-- Worldwide handset revenue is expected to approach $112 billion.
-- India, China and Eastern Europe are leading growth in emerging markets.
The report, "Humming Along: 2005 Mobile Phone Market Forecast" (#IN0502109WH), covers the worldwide market for mobile phone handsets. It includes forecasts for shipments and revenue by region through 2010. Also presented are several profiles of major vendors and a look at key market drivers and challenges.
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