The mobile phones market size in Portugal has seen fluctuating trends over the past decade. From a peak value of 0.38 units per capita in 2015, it experienced a generally declining trend, finishing at 0.3 units per capita in 2023. Year-on-year variations show a consistent downward trend particularly sharp post-2017 with hardly any rebound, with a noticeable decline of 3.23% from 2022 to 2023. Over the past five years, the compound annual growth rate (CAGR) indicates a steady decrease.
Future trends to watch for include:
- Potential stabilization as the market may approach a saturation point.
- Possibly driven innovation, focus could shift towards 5G adoption and sustainable tech.
