The mobile phone market keeps humming along—on pace for a fourth consecutive record year in 2005 in terms of unit volumes, reports In-Stat. The rate of growth, however, is slowing from the double-digit pace seen in the past few years, the high-tech market research firm says. Shipments should grow just under 6% year-over-year.
“The slowing pace is a result of some mature markets at, or near, full penetration, and weaker-than-expected growth in some emerging ones,” says Allyn Hall, Director of Wireless Research, “It’s a sign of a maturing industry.”
A recent report by In-Stat found the following:
The top five manufacturers will once again carve out the largest share of the market, accounting for approximately 80% worldwide.
Worldwide handset revenue is expected to approach $112 billion.
India, China and Eastern Europe are leading growth in emerging markets.
