Sri Lanka Smartphone Market (2020-2026) | Share, Trends, COVID-19 IMPACT, Revenue, Value, Companies, Analysis, Industry, Outlook, Forecast, Growth & Size

sri lanka smartphone market synopsis

The Sri Lanka smartphone market is estimated to reach USD 551 million by 2026, growing at a compound annual growth rate (CAGR) of 10.6% during the forecast period 2020-2026. The increasing disposable income among consumers has resulted in higher demand for smartphones with better features and specifications. This has encouraged vendors to expand their product portfolio with multiple models that cater to various consumer segments such as budget, mid-range and high-end devices. Additionally, telecom providers are offering attractive data plans which have further enabled more people to access mobile internet services and purchase smartphones.

However, the smartphone market in Sri Lanka will be limited due weak GDP growth rates coupled with currency depreciation over recent years resulting in higher cost of imported goods including electronics which could act as a restraint for market growth during the forecast period 2020-2026.

Overall, the rising number of users engaging on social media platforms along with significant advancements taking place in terms of technology are expected to drive the demand for smartphones over coming years enabling this segment remain one of most lucrative industries within ICT sector throughout 2026.

Key Highlights of the Report:

• Sri Lanka Smartphone Market Outlook
• Market Size of Sri Lanka Smartphone Market, 2019
• Forecast of Sri Lanka Smartphone Market, 2026
• Historical Data and Forecast of Sri Lanka Smartphone Revenues & Volume for the Period 2016 - 2026
• Sri Lanka Smartphone Market Trend Evolution
• Sri Lanka Smartphone Market Drivers and Challenges
• Sri Lanka Smartphone Price Trends
• Sri Lanka Smartphone Porter's Five Forces
• Sri Lanka Smartphone Industry Life Cycle
• Historical Data and Forecast of Sri Lanka Smartphone Market Revenues & Volume By Product Type for the Period 2016 - 2026
• Historical Data and Forecast of Sri Lanka Smartphone Market Revenues & Volume By Android for the Period 2016 - 2026
• Historical Data and Forecast of Sri Lanka Smartphone Market Revenues & Volume By iOS for the Period 2016 - 2026
• Historical Data and Forecast of Sri Lanka Smartphone Market Revenues & Volume By Windows for the Period 2016 - 2026
• Historical Data and Forecast of Sri Lanka Smartphone Market Revenues & Volume By Blackberry Operating System for the Period 2016 - 2026
• Historical Data and Forecast of Sri Lanka Smartphone Market Revenues & Volume By Other for the Period 2016 - 2026
• Historical Data and Forecast of Sri Lanka Smartphone Market Revenues & Volume By Distribution Channel for the Period 2016 - 2026
• Historical Data and Forecast of Sri Lanka Smartphone Market Revenues & Volume By OEM for the Period 2016 - 2026
• Historical Data and Forecast of Sri Lanka Smartphone Market Revenues & Volume By Retailer for the Period 2016 - 2026
• Historical Data and Forecast of Sri Lanka Smartphone Market Revenues & Volume By e-Commerce for the Period 2016 - 2026
• Sri Lanka Smartphone Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Distribution Channel
• Sri Lanka Smartphone Top Companies Market Share
• Sri Lanka Smartphone Competitive Benchmarking By Technical and Operational Parameters
• Sri Lanka Smartphone Company Profiles
• Sri Lanka Smartphone Key Strategic Recommendations