The UK market for cordless handsets for line telephones has experienced a consistent decline from 2012 to 2022. The volume has dropped significantly from approximately 4.93 million units in 2012 to below 2 million units in 2022. The average annual compound growth rate over the last five years is around -8.62%, highlighting the shrinking demand for traditional line telephone handsets.
Key variations in year-on-year percentages also show substantial declines, with notable drops of 15.89% in 2015 and 13.12% in 2018. This trend reflects the broader move away from landline-based communication towards mobile and internet-based platforms.
Future trends to watch for include:
- Increased adoption of mobile communication continues to diminish the landline market.
- Technology advancements may introduce new features or integration, slightly slowing the decline.
- Potential niche markets emerging, focusing on elderly or technologically averse demographics.