China’s dominance in the smartphone industry continues to expand, fueled by its massive user base, mobile-centric lifestyle, and the explosive growth of Chinese brands like Xiaomi, Oppo, and Vivo. These homegrown companies are transforming China into a global smartphone powerhouse.
By 2025, China is projected to contribute nearly 25% of worldwide smartphone revenue. According to data from Stocklytics.com, Chinese smartphone sales are increasing by 6% annually—almost twice the global average, three times faster than Europe, and six times quicker than the United States. This cements China’s position as the fastest-growing smartphone market on the planet.
Chinese Spend Around $6 Billion More on Smartphones Each Year, 3x more than Americans and Europeans Combined
There are several reasons why Chinese smartphone sales have skyrocketed over the years, both at home and abroad. One major driver is China’s leadership in 5G infrastructure, with local brands among the first to roll out affordable 5G-enabled devices.
Also, Chinese smartphone manufacturers like Huawei, Xiaomi, and Oppo are known for their aggressive pricing, offering high-specification phones at lower prices, which makes them especially attractive in emerging markets. Finally, rising geopolitical tensions have encouraged more Chinese consumers to support domestic brands, boosting local demand and turning China into the fastest-growing smartphone market.
According to Statista Market Insights survey, China’s smartphone market is expected to generate close to $112 billion in revenue in 2025, 82% more than the United States and almost 40% more than Europe. Also, that represents nearly a quarter of global smartphone sales projected for this year. By 2029, Chinese smartphone revenue is expected to climb to over $137 billion, but what`s even more interesting is the pace of its growth.
Statistics show that Chinese consumers will continue spending an average of $6 billion more on smartphones each year, or three times more than that of Americans and Europeans combined. In comparison, the U.S. smartphone revenue is expected to grow by a relatively modest $500 million, reaching $63.5 billion in the next four years. Meanwhile, Europeans will spend around $1.8 billion more yearly, pushing total revenue from $81.6 billion to $94.4 billion in the same period.
Chinese Market Share to Climb 3% by 2029, While Europe Stagnates and the U.S. Declines
With revenue and user numbers rising, China’s share in the global smartphone market will grow even more. Since 2018, the country has already increased its market share by an impressive 6%, rising from 16% to an expected 22% this year. By 2029, this figure is projected to increase by another 3%, with the Chinese market generating 25% of global smartphone sales.
At the same time, Europe`s market share will remain at 16%, while the United States is expected to drop from 12% to 11% by the end of the decade.
