The smartphone market will return to pre-pandemic levels in 2022 
In 2022, smartphone production will return to pre-pandemic levels. Such terms are named in the report of the TrendForce agency.
Analysts believe that smartphones are indispensable in people's daily lives and are a must. In this regard, experts said that the smartphone market will recover from the effects of the pandemic in 2022. According to experts, by next year the production of smartphones will reach 1.39 billion units, the growth rate on an annualized basis will be 3.8 percent.
The main drivers of growth are the large number of consumers who are going to update their device. Additional demand from emerging markets is also expected in 2022.
The report says that in 2022 the competition in the market will be extremely high, which is why the balance of power should not change. The segment leaders will remain Samsung, Apple and three Chinese brands – Xiaomi, Oppo and Vivo. Analysts also believe that by 2022 the number of smartphones with 5G support will reach 660 million units. The share of such devices in the total volume of shipments will amount to 47.5 percent.
In May, experts from the analytical company Canalys said that smartphone manufacturers have shipped a record number of devices to the market. In the first quarter of the year, 347 million smartphones were shipped, up 27 percent from a year earlier.