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Mobile Device Vendors Turn to Growth Opportunities in Emerging Markets to Combat Fall in Price - Frost & Sullivan reveals that the Global Mobile Handheld Device Market earned revenues of $122.6 billion in 2006 and estimates this to reach $164.3 billion in 2012
Mobile Device Vendors Turn to Growth Opportunities in Emerging Markets to Combat Fall in Price

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2006/06/23 - Frost & Sullivan reveals that the Global Mobile Handheld Device Market earned revenues of $122.6 billion in 2006 and estimates this to reach $164.3 billion in 2012.

   
 
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Manufacturers in the global handheld device market face the challenge of maintaining profitability despite slumping average price per unit. While growth in unit shipment increased by more than 14 percent over 2004, the average price per unit reduced by 7 percent per year during 2002-2004. However, device vendors must continue to focus on creating low-cost alternatives to effectively exploit burgeoning growth opportunities in developing nations.

Frost & Sullivan reveals that the Global Mobile Handheld Device Market earned revenues of $122.6 billion in 2006 and estimates this to reach $164.3 billion in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the Global Mobile Handheld Device Market, then send an e-mail to Mireya Castilla, Corporate Communications, at mireya.castilla[.]frost.com with your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the overview by e-mail upon receipt of the above information.

“Although mobile networks cover 80 percent of the world’s population, mobile users comprise only over 25 percent of this share,” notes Frost & Sullivan Research Analyst Daniel Longfield. “Since developed markets are mostly saturated, device vendors will find it increasingly profitable to cater to low-income consumers in emerging markets with more economical options.”

Emerging markets have the potential to increase their customer base by 1.5 billion mobile users. In fact, the global mobile phone market is set to grow to 2 billion subscribers by the end of 2007, fueled by strong demand from developing economies in Asia and Latin America.

In order to offer low-cost handheld devices and maintain profitability, market participants must consider moving manufacturing centers to low-cost labor areas. For example, market leader Nokia implemented a successful cost-cutting strategy by building a multi-million dollar state-of-the-art manufacturing center in Chennai, India. Moreover, overseas production also allows device vendors to remain close to high demand areas in Asia and consequently lower transportation and shipping costs.

Partnering with up and coming regional carriers is also likely to prove critical to penetrate into local markets and gain a better understanding of the specific needs of consumers in that region.

“With access to over 35 percent of the regional market, local device vendors have a significant advantage,” explains Longfield. “Global handset vendors can therefore combat competition from the resale market and regional participants by developing joint-venture agreements with carriers to garner the latter’s subscriber base.”

While emerging markets are proving to be the ideal solution for sustaining revenues in the face of falling average price per unit, the rapid commercialization of 3G services is likely to open up new opportunities in developed markets. This commercialization is largely in terms of decreasing the average life of equipment from 25-26 months to 16-18 months, which in turn increases replacement rates.

“Profitability for device vendors and carriers hinges on high-end mobile devices and the accompanying killer applications,” says Longfield. “Perennial early adopters, such as the youth market, which are the least price sensitive as well as more open to premium mobile content and applications must also be a key target for device vendors.”

Global Mobile Handheld Device Market is part of the Mobile & Wireless subscription service and provides an overview of the market size, a discussion of drivers as well as restraints, and an in-depth analysis of market share. This study also details market share by region along with projected regional metrics for revenues, units, and average sale price up to 2012. It includes detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Analyst interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

Global Mobile Handheld Device Market
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Mobile Device Vendors Turn to Growth Opportunities in Emerging Markets to Combat Fall in Price

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Frost & Sullivan |
Publisher Contact: Mireya Castilla 
210.247.3830 mireya.castilla[.]frost.com
 
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