Huawei expected to drop to seventh globally in smartphone production amid US sanctions: report
- Shenzhen-based Huawei is expected to produce 45 million smartphones this year compared to 170 million last year
- Global smartphone production is predicted to grow 9 per cent annually to reach 1.36 billion units in 2021
Huawei’s global smartphone production volume is expected to drop from 170 million last year to 45 million this year, according to the TrendForce report released on Monday. The report also predicted that the Shenzhen-based company’s share of the global 5G market will drastically decrease from 30 per cent last year to just 8 per cent this year.
Huawei’s former budget smartphone unit has big plans for 2021
At the same time, TrendForce predicted that the global smartphone industry will grow this year thanks to rising demand from emerging markets and a gradual return to normal life after the Covid-19 pandemic.
Global smartphone production will grow 9 per cent annually to reach 1.36 billion units in 2021, after the industry suffered its biggest-ever annual drop of 11 per cent last year, TrendForce said. However, it noted that the situation may still change due to uncertainties related to the pandemic and the international environment, as well as wafer foundries’ capacity limitations.
Samsung, Apple and Chinese smartphone brands Xiaomi, Oppo, Vivo and Transsion are expected to be the top six players in 2021 and make up 80 per cent of the global smartphone market, said the report.
In addition, TrendForce predicted that the industry will continue to ramp up production of 5G smartphones, increasing from 240 million units last year to 500 million this year.