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Due to the decline in overall consumer demand, the market for True Wireless Stereo (TWS) Bluetooth headsets saw a slight drop in device shipments in 2022. This was despite efforts to attract consumers to purchase headsets through the release of new products. However, in the current year of 2023, factors such as the launch of Bluetooth 5.3 chips and the opening of the market for over-the-counter (OTC) hearing aids are expected to drive shipments. Hence, there is still the potential for positive shipment growth this year.
With the maturation of the smartphone market, smartphone brands face increasing difficulties in launching innovative products. At the same time, consumers lack compelling reasons to replace their existing smartphones. Looking at brands for Android smartphones, they are under pressure to offer new highlights in terms of features and designs. To give consumers a sense of “meaningful upgrade,” brands in the Android camp have introduced the most notable innovation in device appearance to date—foldable smartphone.
To build a foldable smartphone, brands have to incorporate several components that are exclusive to this design. These components include flexible display, uniquely structured hinges, etc. Due to the significant manufacturing costs of the specialized components and the relative immaturity of the related technologies, brands have been unable to keep production cost down for foldable devices. The price of the whole device has to be raised in order for foldable smartphones to have a decent profit margin. Hence, foldable smartphones have remained in the flagship segment of the market since 2019, when Samsung launched the first of their kind. Currently, foldable devices still represent a very niche market segment with limited demand.
Suppliers are maintaining their optimism towards the potentiality of future development for the AR/VR market amidst the release of new AR/VR devices, as well as the prosperity yield by metaverse-related topics, despite a lack of surging growth in the AR/VR device market over recent years. The supply chain, as AR/VR devices are gradually incorporated with new technology and components, has also started to expedite corresponding deployment in the AR/VR market in the hope of grasping on opportunities for market entry that would facilitate an occupancy in the market when it flourishes.
The Mobile World Congress (MWC 2023) took place in Barcelona, Spain, from February 27 to March 2, 2023. As one of the most influential exhibitions in the global smartphone industry, it attracted numerous Android brands to debut their latest models and present a variety of novel technologies. Reflecting on the exhibits showcased at MWC 2023, manufacturers displayed their advances in smartphone screens, camera performance, and satellite communications, charging, and cooling technologies.
Upon examining the displays at MWC 2023, we can anticipate an increase in the adoption of satellite communication functions in future smartphones. Chinese brands also appear to be laying the groundwork for a high-end presence in the international market.
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