Global smartphone shipments to reach 1.4 billion units in 2021; component supply to be new bottleneck: Canalys

NEW DELHI: The worldwide smartphone market will grow 12% in 2021, with shipments reaching 1.4 billion units, of which 610 million units will be 5G smartphones, according to Canalys’ latest forecasts. However, component supply will emerge as the new bottleneck for the smartphone industry despite vaccine roll-outs and consequently, a subdued pandemic.

By contrast, smartphone shipments fell 7% in 2020 due to major market constraints caused by the Covid-19 pandemic.