Smart Phone Manufacturing in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
4014aRevenue
$249.6bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
953k
Businesses
456
Wages
$XX.Xbn
Smart Phone Manufacturing in China industry analysis
Revenue for the Smartphone Manufacturing industry in China is expected to increase at an annualized rate of 2.1% over the five years through 2023. In 2023, industry revenue is expected to increase by 3.7%, to $249.6 billion, mainly driven by upgrading of mobile phones. Exports are estimated to account for 52.9% of industry revenue in 2023.Demand for smartphones has grown strongly over the past five years, due to the rapid development of 4G and 5G technology, an abundant smartphone product portfolio and competitive product pricing. In late 2013, the Ministry of Industry and Information Technology (MIIT) issued 4G licenses to China Mobile, China Unicom and China Telecom, increasing demand for smartphones and industry development. In June 2019, the MIIT issued 5G licenses to China Mobile, China Unicom, China Telecom and China Broadcasting. In March 2020, Huawei introduced its first 5G phone to market.The number of smartphones produced is expected to decrease from 1.4 million in 2018to 1.3 billion in 2023. Many mobile phone manufacturers are focused on increasing their competitiveness in this product segment, as a result of smartphones' increasing market share. The top four companies in the Smartphone Manufacturing industry in China (i.e. Oppo, Vivo, Apple and Xiaomi) are estimated to account for 68.1% of industry revenue in 2023. Industry concentration is moderate but has decreased over the past five years, due to the entry of many domestic players.Industry revenue is forecast to increase at an annualized 3.1% over the five years through 2028, to $290.8 billion. Exports will likely remain the industry's main market. In addition, domestic demand in China's central and western regions is forecast to increase over the next five years, and strong demand for new technologies in the country's developed eastern and northern regions will continue to contribute to the industry's revenue performance.
Trends and Insights
- Demand for smartphones has grown strongly over the past five years, due to the rapid development of 4G and 5G technology, an abundant smartphone product portfolio and competitive product pricing.
- Google Android smart phones are widely used nationwide due to its easy control. Sales for Android smartphones have increased steadily over the past five years.
- Guangdong province has the most industry enterprises, and generate about 32.3% of industry revenue.
- The price of mobile phones is a major source of competition among firms within this industry. Customers are constantly looking for lower-cost products.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.1 % over the past five years, to reach an estimated $249.6bn in 2024.
Trends and Insights
More and more companies entering the industry
- Approximately 456 enterprises are expected to operate in the industry in 2023, up by 0.9% from 2022. Competition among industry manufacturers has increased over the past five years, due to many leading players engaging in merger and acquisition activity to increase their market share.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The industry develops from growing supports from government
- The Chinese Government is projected to continue supporting the industry's development over the next five years, by upgrading the nation's 4G and 5G networks, and implementing market liberalization policies and more efficient market entry and exit regulations.
Biggest companies in the Smart Phone Manufacturing in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the Smart Phone Manufacturing in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Android smart phones, iOS smart phones and Microsoft Windows Phone smartphones. Android smart phones is the largest segment of the Smart Phone Manufacturing in China.
Trends and Insights
Google Android smart phones are widely used nationwide
- Android smartphones refer to smartphones using the Android open-source operating system (OS), which was developed by Google in September 2008.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Mobile Phone Manufacturing in China
Complementors
- Electronic Transmission Equipment Manufacturing in China
- Switching Equipment Manufacturing in China
- Communication Equipment Manufacturing in China
International industries
- Communication Equipment Manufacturing in the US
- Communications Equipment Manufacturing in Canada
- Communication Equipment Manufacturing in Australia
- Communication Equipment Manufacturing in the UK
Table of Contents
About this industry
Industry definition
Firms in the Smartphone Manufacturing industry in China manufacture mobile phones with advanced PC-like capabilities. Smartphones have independent operating systems and can install software applications developed by third parties. Smartphones also connect to wireless internet networks, usually through mobile communication networks. Operating systems for smartphones include Symbian, Meego, Android, Windows Phone and iOS.
What's included in this industry?
Android smartphonesiOS smartphonesWindows Phone smartphonesSymbian and other productsCompanies
Purchase this report to view all major companies in this industry.
Related Terms
GLOBAL SYSTEM FOR MOBILE COMMUNICATIONS (GSM)CODE-DIVISION MULTIPLE ACCESS (CDMA)TIME-DIVISION SYNCHRONOUS CDMA (TD-SCDMA)ENHANCED DATA RATE FOR GSM EVOLUTION (EDGE)3CPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Demand for smartphones has grown strongly over the past five years, due to the rapid development of 4G and 5G technology, an abundant smartphone product portfolio and competit...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Google Android smart phones are widely used nationwide due to its easy control. Sales for Android smartphones have increased steadily over the past five years.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Guangdong province has the most industry enterprises, and generate about 32.3% of industry revenue.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
The price of mobile phones is a major source of competition among firms within this industry. Customers are constantly looking for lower-cost products.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Domestic players develop fast, with China’s technology has been growing in recent years.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry's manufacturers tend to introduce new products that offer more functionality at lower costs and for cheaper final prices. Technologies change quickly in this ind...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The cost structure of operators in the Smart Phone Manufacturing industry varies for domestic and foreign companies for most items, including R&D expenses, wages and sales exp...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
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.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Smart Phone Manufacturing industry in China in 2024?
The market size of the Smart Phone Manufacturing industry in China is $249.6bn in 2024.
How many businesses are there in the Smart Phone Manufacturing in China industry in 2024?
There are 456 businesses in the Smart Phone Manufacturing industry in China, which has grown at a CAGR of 0.4 % between 2019 and 2024.
Has the Smart Phone Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Smart Phone Manufacturing industry in China has been growing at a CAGR of 2.1 % between 2019 and 2024.
What is the forecast growth of the Smart Phone Manufacturing industry in China over the next 5 years?
Over the next five years, the Smart Phone Manufacturing industry in China is expected to grow.
What does the Smart Phone Manufacturing in China include?
Android smartphones and iOS smartphones are part of the Smart Phone Manufacturing industry.
How competitive is the Smart Phone Manufacturing industry in China?
The level of competition is high and increasing in the Smart Phone Manufacturing industry in China.
