The economic downturn will have a significant impact on mobile phone shipments in 2009; the volumes will be down globally by 9.1%. All regions, even those in emerging markets, will be hit to some extent by the downturn.
Shipments will start to recover from 2010 onwards, although it will take until 2012 before global volumes are back to the level seen in 2008. Mobile phone shipments will grow at a CAGR of 1.9% and reach 1.4bn by 2014. LTE devices will become available in this forecast period.