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ALBANY, New York,
April 24, 2013 /PRNewswire/ --
According to a new market report published by Transparency Market Research (
"Phablets and Superphones Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018," the global phablets and superphones market is expected to reach
USD 116.4 billion by 2018, growing at a CAGR of 44.1% from 2012 to 2018. The shipments of superphones and phablets are expected to grow at a CAGR of 25.8% from 2012 to 2018, and reach 825.0 million units by 2018.
North America has been leading the global market in terms of volume as well as revenue, due to the increasing penetration of smartphones in the region. However,
Asia Pacific is expected to be the largest and fastest growing market for phablets and superphones by 2018 in terms of volume sales and revenue. This is a result of the expected catapulting demand for phablets and superphones, especially in
India, and Korea.