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Press Release:

Global Smartphone Market to Reach 1,715 Million Units by 2027, Impelled by Increasing Demand for Portable Devices

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Smartphone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global smartphone market reached a volume of 1,355 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 1,715 Million Units by 2027, exhibiting at a CAGR of 3.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A smartphone is a portable electronic device that provides advanced functionality and connects to a cellular network and the internet. It comprises a central processing unit (CPU), graphics processing unit (GPU), long-term evolution (LTE) modem, video processor, and display processor. It is manufactured using silicon, aluminum, plastic, gold, copper, silver, lithium, and cobalt. A smartphone is widely used for messaging, calling, gaming, music, videos, online shopping, emailing, banking, reading news, and clicking pictures. It consists of a display, battery, memory, storage, modems, camera, sensors, lens, and processor. It assists in easy communication, portability, productivity applications, navigation, safety, online banking, and entertainment. In comparison to cellphones, smartphones consist of advanced features, operating systems, and virtual keyboards.

 

 
 

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Smartphone Market Trends:

The increasing demand for wireless handheld devices across the globe is one of the key factors driving the growth of the market. Smartphones offer enhanced convenience, security, various calling features, and an easy access to the internet. In line with this, the shifting consumer preference toward smart devices that offer easy accessibility, advanced features, web surfing, endless apps, and instant online ordering is favoring the market growth. Moreover, various product innovations, such as the introduction of miniaturized cameras with high-resolution sensors, improved battery life and reliability, are providing an impetus to the market growth. Additionally, the increasing product demand among consumers to make contactless payments is positively impacting the market growth. Smartphones eliminate the need for card swiping and manual entry and aids in reducing human errors, facilitating a smoother checkout experience. Other factors, such as the growing working population, increasing internet penetration, and rising expenditure capacities of consumers, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smartphone market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on operating system, display technology, RAM capacity, price range and distribution channel.

Breakup by Operating System:

  • Android
  • iOS
  • Others
     

Breakup by Display Technology:

 

 
 

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  • LCD Technology
  • OLED Technology
     

Breakup by RAM Capacity:

  • Below 4GB
  • 4GB - 8GB
  • Over 8GB
     

Breakup by Price Range:

  • Ultra-Low-End (Less Than $100)
  • Low-End ($100-<$200)
  • Mid-Range ($200-<$400)
  • Mid- to High-End ($400-<$600)
  • High-End ($600-<$800)
  • Premium ($800-<$1000) and Ultra-Premium ($1000 and Above)
     

Breakup by Distribution Channel:

  • OEMs
  • Online Stores
  • Retailers
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Apple Inc., HTC Corporation, Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.), Lava International, Lenovo Group Limited, Nokia Corporation, Realme Chongqing Mobile Telecommunications Corp. Ltd. (BBK Electronics Corporation), Samsung Electronics Co. Ltd., Sony Corporation, TCL Technology, Xiaomi Corporation and ZTE Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units Million Units
Segment Coverage Operating System, Display Technology, RAM Capacity, Price Range, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered  Apple Inc., HTC Corporation, Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.), Lava International, Lenovo Group Limited, Nokia Corporation, Realme Chongqing Mobile Telecommunications Corp. Ltd. (BBK Electronics Corporation), Samsung Electronics Co. Ltd., Sony Corporation, TCL Technology, Xiaomi Corporation and ZTE Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Smartphone Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Operating System
    6.1    Android
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    iOS
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Display Technology
    7.1    LCD Technology
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    OLED Technology
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by RAM Capacity
    8.1    Below 4GB
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    4GB - 8GB
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Over 8GB
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Price Range
    9.1    Ultra Low-End (Less Than $100)
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Low-End ($100-<$200)
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Mid-Range ($200-<$400)
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Mid- to High-End ($400-<$600)
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    High-End ($600-<$800)
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Premium ($800-<$1000) and Ultra-Premium ($1000 and Above)
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by Distribution Channel
    10.1    OEMs
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Online Stores
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Retailers
        10.3.1 Market Trends
        10.3.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Apple Inc.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
           16.3.1.3 Financials
           16.3.1.4 SWOT Analysis
        16.3.2    HTC Corporation
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
           16.3.2.3 Financials
        16.3.3    Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.)
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
           16.3.3.3 SWOT Analysis
        16.3.4    Lava International
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
        16.3.5    Lenovo Group Limited
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 Financials
           16.3.5.4 SWOT Analysis
        16.3.6    Nokia Corporation
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
           16.3.6.4 SWOT Analysis
        16.3.7    Realme Chongqing Mobile Telecommunications Corp. Ltd. (BBK Electronics Corporation)
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    Samsung Electronics Co. Ltd.
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials
           16.3.8.4 SWOT Analysis
        16.3.9    Sony Corporation
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
           16.3.9.3 Financials
           16.3.9.4 SWOT Analysis
        16.3.10    TCL Technology
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
           16.3.10.3 Financials
        16.3.11    Xiaomi Corporation
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
           16.3.11.3 Financials
        16.3.12    ZTE Corporation
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio
           16.3.12.3 Financials

List of Figures

Figure 1: Global: Smartphone Market: Major Drivers and Challenges
Figure 2: Global: Smartphone Market: Volume Trends (in Million Units), 2016-2021
Figure 3: Global: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 4: Global: Smartphone Market: Breakup by Operating System (in %), 2021
Figure 5: Global: Smartphone Market: Breakup by Display Technology (in %), 2021
Figure 6: Global: Smartphone Market: Breakup by RAM Capacity (in %), 2021
Figure 7: Global: Smartphone Market: Breakup by Price Range (in %), 2021
Figure 8: Global: Smartphone Market: Breakup by Distribution Channel (in %), 2021
Figure 9: Global: Smartphone Market: Breakup by Region (in %), 2021
Figure 10: Global: Smartphone (Android) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 11: Global: Smartphone (Android) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 12: Global: Smartphone (iOS) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 13: Global: Smartphone (iOS) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 14: Global: Smartphone (Other Operating Systems) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 15: Global: Smartphone (Other Operating Systems) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 16: Global: Smartphone (LCD Technology) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 17: Global: Smartphone (LCD Technology) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 18: Global: Smartphone (OLED Technology) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 19: Global: Smartphone (OLED Technology) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 20: Global: Smartphone (Below 4GB) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 21: Global: Smartphone (Below 4GB) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 22: Global: Smartphone (4GB - 8GB) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 23: Global: Smartphone (4GB - 8GB) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 24: Global: Smartphone (Over 8GB) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 25: Global: Smartphone (Over 8GB) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 26: Global: Smartphone (Ultra Low-End (Less Than $100)) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 27: Global: Smartphone (Ultra Low-End (Less Than $100)) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 28: Global: Smartphone (Low-End ($100-<$200)) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 29: Global: Smartphone (Low-End ($100-<$200)) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 30: Global: Smartphone (Mid-Range ($200-<$400)) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 31: Global: Smartphone (Mid-Range ($200-<$400)) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 32: Global: Smartphone (Mid- to High-End ($400-<$600)) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 33: Global: Smartphone (Mid- to High-End ($400-<$600)) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 34: Global: Smartphone (High-End ($600-<$800)) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 35: Global: Smartphone (High-End ($600-<$800)) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 36: Global: Smartphone (Premium ($800-<$1000) and Ultra-Premium ($1000 and Above) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 37: Global: Smartphone (Premium ($800-<$1000) and Ultra-Premium ($1000 and Above) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 38: Global: Smartphone (OEMs) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 39: Global: Smartphone (OEMs) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 40: Global: Smartphone (Online Stores) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 41: Global: Smartphone (Online Stores) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 42: Global: Smartphone (Retailers) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 43: Global: Smartphone (Retailers) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 44: North America: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 45: North America: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 46: United States: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 47: United States: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 48: Canada: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 49: Canada: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 50: Asia-Pacific: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 51: Asia-Pacific: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 52: China: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 53: China: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 54: Japan: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 55: Japan: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 56: India: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 57: India: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 58: South Korea: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 59: South Korea: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 60: Australia: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 61: Australia: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 62: Indonesia: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 63: Indonesia: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 64: Others: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 65: Others: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 66: Europe: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 67: Europe: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 68: Germany: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 69: Germany: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 70: France: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 71: France: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 72: United Kingdom: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 73: United Kingdom: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 74: Italy: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 75: Italy: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 76: Spain: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 77: Spain: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 78: Russia: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 79: Russia: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 80: Others: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 81: Others: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 82: Latin America: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 83: Latin America: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 84: Brazil: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 85: Brazil: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 86: Mexico: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 87: Mexico: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 88: Others: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 89: Others: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 90: Middle East and Africa: Smartphone Market: Volume Trends (in Million Units), 2016 & 2021
Figure 91: Middle East and Africa: Smartphone Market: Breakup by Country (in %), 2021
Figure 92: Middle East and Africa: Smartphone Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 93: Global: Smartphone Industry: SWOT Analysis
Figure 94: Global: Smartphone Industry: Value Chain Analysis
Figure 95: Global: Smartphone Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Smartphone Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Smartphone Market Forecast: Breakup by Operating System (in Million Units), 2022-2027
Table 3: Global: Smartphone Market Forecast: Breakup by Display Technology (in Million Units), 2022-2027
Table 4: Global: Smartphone Market Forecast: Breakup by RAM Capacity (in Million Units), 2022-2027
Table 6: Global: Smartphone Market Forecast: Breakup by Price Range (in Million Units), 2022-2027
Table 7: Global: Smartphone Market Forecast: Breakup by Distribution Channel (in Million Units), 2022-2027
Table 8: Global: Smartphone Market Forecast: Breakup by Region (in Million Units), 2022-2027
Table 9: Global: Smartphone Market: Competitive Structure
Table 10: Global: Smartphone Market: Key Players

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Key Questions Answered in This Report

The global smartphone market reached a volume of 1,355 Million Units in 2021.

We expect the global smartphone market to exhibit a CAGR of 3.70% during 2022-2027.

The rising internet penetration, coupled with the introduction of advanced product variants with
high-resolution sensors, enhanced battery life, and improved reliability, is currently driving the
global smartphone market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
of smartphones.

Based on the operating system, the global smartphone market has been segmented into android,
iOS, and others. Among these, android represents the largest market share.

Based on the display technology, the global smartphone market can be bifurcated into LCD
technology and OLED technology. Currently, LCD technology accounts for the majority of the global
market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.

Some of the major players in the global smartphone market include Apple Inc., HTC Corporation,
Huawei Technologies Co. Ltd. (Huawei Investment &amp; Holding Co. Ltd.), Lava International, Lenovo
Group Limited, Nokia Corporation, Realme Chongqing Mobile Telecommunications Corp. Ltd. (BBK
Electronics Corporation), Samsung Electronics Co. Ltd., Sony Corporation, TCL Technology, Xiaomi
Corporation, and ZTE Corporation.

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