The report finds that global mobile phone market volume reached 1.96 billion units in 2017, similar to that in 2016. Although the smartphone shipments in China declined in 2017 for the first time, the global smartphone market still managed to grow at 3.4% in 2017, taking up 78.4% of the total mobile phone market. On top of that, the smartphone's global share is forecast to top 80% in 2018. MIC predicts the global smartphone market will benefit from 5G since 2020 and the its global volume will reach about 1.9 billion units in 2022, representing a 4.1% CAGR (Compound Annual Growth Rate) for the period 2017 to 2022.