Therefore, the global smartphone production growth forecast for 2021 has been lowered from 9.4% to 8.5%. And in the future, it will not be ruled out that it will be further reduced to below 8%.
TrendForce made a market forecast for 2021 in January this year. It is estimated that the output of smartphones will reach 1.36 billion units, while the output in 2020 will be 1.25 billion units.
At the same time, the proportion of mobile phones produced this year that may support 5G will be higher. It is expected that 37% of new mobile phones will use this latest network technology, compared with 19% in 2020.
TrendForce also predicts that the top six manufacturers by 2021 will be Samsung, Apple, Xiaomi, OPPO, Vivo, and Transsion.