Market Insights Consumer Consumer Electronics Telephony

Smartphones - Sierra Leone

Sierra Leone

in Sierra Leone, a country in West Africa, is part of the global smartphones market.
In 2024, the revenue in this market is projected to reach US$326.5m.
This revenue is expected to grow annually by 11.88%, representing the compound annual growth rate (CAGR) from 2024 to 2029.
When comparing the global market, in China leads the way with a revenue of US$105.5bn in 2024.
This highlights the significant contribution in China makes to the smartphones market.
To put it in perspective, in 2024, per person revenues in the smartphones market amount to US$37.79.
This figure reflects the revenue generated per individual in Sierra Leone.
Looking ahead to 2029, the volume in the smartphones market is estimated to reach 1.6m pieces.
This indicates the expected growth in the number of smartphones being sold.
In 2025, the smartphones market is projected to exhibit a volume growth of 11.3%.
This demonstrates the expected increase in the number of smartphones being purchased within a specific time frame.
The average volume per person in the smartphones market is anticipated to be 0.1pieces in 2024.
This figure provides insight into the average number of smartphones owned by individuals in Sierra Leone.
Sierra Leone's smartphone market is experiencing a surge in demand for affordable devices with long battery life.

Key regions: Brazil, Europe, China, United States, India

Market

Region

Region comparison

Currency

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.