London, 01 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Li-ion Battery Market for Mobile Phones 2015-2019, which is expected to grow at a CAGR of 3.8 percent during the forecast period of 2014-2019.
“The internet usage in developing economies is higher than that of developed economies because the developed markets are already close to maturity,” says Faisal Ghaus, Vice President of TechNavio.
“With the rapid usage of mobile internet it is expected that India and Brazil will surpass countries such as the US and the UK in terms of demand.”
Key Market Drivers
- Advances in Technology
- Emergence of Smartphones in Developing Economies
- Availability of Low-cost Smartphones in Developing Economies
- Development of New Mobile Phone Models
- Efficiency and Faster Charging
Key Market Trends
- Increase in Internet Connectivity
- Cost-effectiveness of Li-ion Batteries
- Availability of Different Types of Batteries
Key Market Vendors
- LG Chem Ltd.
- Panasonic Corp.
- Samsung SDI Co. Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
