$293.2bn
$XX.Xbn
1m
480
$XX.Xbn
Industry revenue for the Mobile Phone Manufacturing industry is expected to increase an annualized 3.7% over the five years through 2023, to total $293.2 billion. This trend includes anticipated 3.7% growth in 2023. The industry developed rapidly from 2013 to 2016 due to the popularity of 4G mobile phones. However, the industry's expansion has since slowed as the 4G mobile phone market has reached saturation. China's 5G commercial licenses have been issued in 2019, and 5G mobile phones are projected to significantly expand sales volumes.Many companies have expanded into overseas markets to benefit from economies of scale. With the advantage of a high performance-to-price ratio, Chinese products are usually popular and subsequently allow Chinese companies to gain market share. Exports are estimated to account for 51.4% of industry revenue in 2023.Since the Chinese Government relaxed regulation relating to cellular phone production in 2003, domestic production has soared. Such high manufacturing levels have significantly influenced industry development. The Chinese Government issued the first TD-SCDMA third-generation (3G) license to China Mobile in January 2009 and TD-LTE fourth-generation (4G) license in December 2013. In 2017, fifth-generation (5G) began to be developed. In June 2019, the Ministry of Industry and Information Technology issued 5G licenses to China's three telecommunication operators, which marked the beginning of commercial 5G network operations in China. As the number of mobile service subscribers increases, demand for products from the industry is forecast to grow, especially for high-end 5G smartphones. In 2020, industry revenue was constrained by the COVID-19 outbreak and therefore only increased marginally. Industry revenue is forecast to increase an annualized 3.1% over the five years through 2028, to $341.6 billion. This rise will mainly be driven by growing demand for 5G smartphones.
Industry revenue has grown at a CAGR of 3.7 % over the past five years, to reach an estimated $293.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
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There are no companies that hold a large enough market share in the Mobile Phone Manufacturing in China industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including 4G & 5G phones, 3G phones and Mobile equipment. 4G & 5G phones is the largest segment of the Mobile Phone Manufacturing in China.
4G & 5G phones are the largest product segment of the industry
Firms in the Mobile Phone Manufacturing industry in China manufacture mobile communication terminal equipment, including mobile phones, cellular base stations, phone accessories and other mobile communication equipment including hands-free mobile kits, two-way radios and pagers.
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China's 5G commercial licenses have been issued in 2019. 5G mobile phones are projected to significantly expand sales volumes.
Learn about an industry's products and services, markets and trends in international trade.
4G and 5G phones generate the most revenue. With the advantages of faster data communication speeds and lower costs, 4G technology has been available to residents for commerc...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The electronic information sector is a strategic pillar industry for Beijing. This city contains many of the major players in this industry that benefit from large production...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The price of mobile communications and terminal equipment is a major source of competition among firms within this industry. Customers are constantly looking for lower-cost p...
Learn about the performance of the top companies in the industry.
Domestic players develop fast. This has been aided by China’s technology growth in recent years.
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Industry manufacturers tend to introduce new products that offer more functionality at lower costs and for cheaper final prices. Technologies change quickly in this industry ...
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The cost structure of operators in the Mobile Phone Manufacturing industry varies between domestic and foreign companies for most items. This includes R&D expenses, wages and...
Including values and annual change:
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Key data sources in China include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Mobile Phone Manufacturing industry in China is $293.2bn in 2024.
There are 480 businesses in the Mobile Phone Manufacturing industry in China, which has grown at a CAGR of 0.3 % between 2019 and 2024.
The market size of the Mobile Phone Manufacturing industry in China has been growing at a CAGR of 3.7 % between 2019 and 2024.
Over the next five years, the Mobile Phone Manufacturing industry in China is expected to grow.
Manufacturing of GSM handsets and Manufacturing of CDMA handsets are part of the Mobile Phone Manufacturing industry.
The level of competition is high and increasing in the Mobile Phone Manufacturing industry in China.