Growing R&D spending by key smartphone manufacturer is expected to foster growth of the smartphone market

Globally, rising disposable income is propelling the Smartphone market forward. Furthermore, increased R&D investment by manufacturers is expected to fuel market expansion. Increasing purchases of electronic devices such as smartphones, laptops, tablets, and gaming consoles are predicted to drive market expansion. Furthermore, smartphone manufacturers are investing in the development and manufacturing of their own application processor (AP), which is likely to boost market growth. Furthermore, the increasing adoption of long-term Evolution (LTE) is expected to boost market growth. Furthermore, the introduction of 4G services in many economies is expected to create attractive chances to smartphone key players.