Flagship Smartphone MarketSize and Trends

Flagship smartphones have gained significant popularity over the past few years. Companies are increasingly introducing high-end mobile phones and largely focus on the sales & marketing of these phones to garner increased consumer traction. Some of the popular product launch in 2017 include the Samsung Galaxy S8, LG G6, HTC U11, OnePlus 5, Motorola Moto Z2 Force, Apple iPhone X, and Mi6. The rapidly growing working population is increasingly inclined towards luxury products such as flagship smartphones and are growingly tech savvy, in turn fueling market growth.

Growing emphasis on the internet penetration to boost the economic growth is expected to drive the demand of the flagship smartphone

Proliferation of IoT and increased demand of connectivity in every aspect, that include home automation, security, automotive, work, factory has led significant change in the lifestyle of the middle income group. Moreover, increased emphasis on the development of high speed internet technology such as 4G and 5G technologies is expected to drive the demand of advanced mobile phone having features such as high processing capability, versatility, and durability. In addition, increased emphasis on the introduction cutting edge features such as improved water resistance, high resolution cameras, biometric identification, and gesture control among others will present strong growth prospects for flagship smartphones market over the forecast period.

Market Trends