The smartphone production is forecast to reach about 1.39 billion units in 2022 with annual growth of 3.8 percent, TrendForce said.
Samsung’s smartphone production is expected to grow at 1.1 percent to 276 million units. The integration of the Galaxy Note series with the Foldable series, the continuation of the S-Pen, etc. are some of the moves that Samsung has taken to maintain its market share in the high-end segment.
Samsung has increased the outsourcing portion of its device manufacturing in order to make its mid-range and low-end models more cost competitive.
Apple’s smartphone production will increase at 5.4 percent to 243 million units. Apple is set to release the latest model in its iPhone SE, featuring a 4.7-inch display, A15 SoC, and 5G support, by the end of 1Q22. The release of five new handsets will help Apple increase its market share next year. Apple will have to raise the retail price of its smartphones in order to keep up with rising component prices and ensure some profitability.
Xiaomi’s smartphone production will increase at 15.8 percent to 220 million. TrendForce’s calculation of Xiaomi’s production volume includes handsets released by the brand’s subsidiaries Mi, Redmi, POCO, and Black Shark.
OPPO group’s annual smartphone production will grow at 2.5 percent to 208 million units. OPPO sells its smartphones globally under three brands: OPPO, Realme, and OnePlus.
Vivo’s annual smartphone production will grow at 6.4 percent to almost 150 million. Since HONOR will aggressively look to capture market shares in China, the production volumes of OPPO and Vivo will be further constrained next year.
The annual 5G smartphone production for 2022 is expected to reach about 660 million units, translating to a market share of 47.5 percent for 5G handsets in the overall smartphone market.
The global market share of 5G smartphones will likely hit 37.4 percent in 2021, with about 500 million units produced throughout the year. The market share of 5G smartphones has surpassed 80 percent in China.