Market Insights Consumer Consumer Electronics Telephony

Feature Phones - Uruguay

Uruguay

The revenue generated in the Feature Phones market in Uruguay is projected to reach US$3.7m in 2024.
This market segment is expected to grow annually by -5.73% (CAGR 2024-2029).
When compared on a global scale, in India generates the highest revenue in this market segment, with US$2,159.0m expected in 2024.
In terms of per capita figures, in Uruguay is projected to generate US$1.05 in revenue per person in 2024.
Looking ahead, the volume of the Feature Phones market in Uruguay is expected to reach 51.5k pieces units by 2029.
However, a slight decline of -5.0% in volume growth is expected in 2025.
On average, each person in Uruguay is expected to own 0.0pieces Feature Phones market in 2024.
Despite the growing popularity of smartphones globally, feature phones continue to have a strong market presence in Uruguay due to their affordability and reliability.

Key regions: Europe, Canada, India, China, Worldwide

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on electronic and digital devices used privately either for entertainment (televisions, game consoles, smart speakers, etc.), communication (telephones, smartphones, etc.) or home-office activities (printers, copiers, etc.).

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors (e.g., user penetration, price per product, usage). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, number of internet users, smartphone penetration rate, household number and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting electronic products due to the non-linear growth of technology adoption and regular product upgrade. The main drivers are GDP per capita, consumer spending per capita, and 5G penetration rate.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.