Delhi, India (PressExposure) April 07, 2009 -- With the deepening economic crisis, the global demand for mobile phones has slowed down and their shipments are expected to decline in 2009. However, smartphones have emerged as the biggest opportunity for portable device manufacturers, said âGlobal Portable Electronics Marketâ, a new market research report by RNCOS.
The global shipments of smartphones (all smartphones and wireless handheld) are projected to surge at a CAGR of over 30% between 2008 and 2011. Rising consumer interest in rich, high-speed browsing experience, integration of location based applications and visually sophisticated navigation will encourage new players to enter this segment. Moreover, these factors will fuel demand for high-end smartphones during the forecasted period.
The demand for smartphones is expected to grow at the fastest pace in the Asia Pacific region whereas North America will continue to be the top leader. Within the Asia Pacific region, China and India will be clogged in the highest growth.
However, the tough economic times may prevent some consumers to upgrade their phones to smartphones in 2009 as the prices of these devices are very high.
Although the overall cell phone market is anticipated to witness slackening demand, smartphone segment will certainly grow as consumers become more aware about the benefits of having smartphones, like accessing Internet and running different applications.
âGlobal Portable Electronic Marketâ comprises of comprehensive research and objective analysis on thriving portable electronics market worldwide. The report discusses products, factors and market segments to provide broad overview of the industry. It also evaluates the emerging opportunity areas and roadblocks obstructing the market growth to help clients to understand the market dynamics and devise investment strategies accordingly.
The research report also provides region-wise forecasts on important segments of the industry such as growth in PC shipments, digital camera shipments, mobile infotainment market and mobile handset statics.
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