Smartphones will represent at least 16% of the handset market in 2009 and will capture up to 23% by 2013, according to research firm estimates.
iSuppli estimates that the smartphone industry will grow by as much as 11.1% this year, with up to 192.3 million units shipped.
Smartphones will represent between 16.6%-17.4% of the total handset market by the end of 2009, iSuppli said, with the smartphone market growing at a CAGR of 21% until 2013.
Juniper Research has separately estimated that smartphones will represent 23% of all handset sales by 2013, with annual sales of around 300 million.
Juniper researcher Andrew Kitson added that the majority of new phones will be smartphones "very soon."
In-Stat has separately predicted that smartphones will double their share of the handset market to about 20% by 2013, with growth driven predominantly by strong sales in the US market.
In a recent survey conducted by the research firm, one-third of respondents stated they planned to obtain a smartphone the next time they upgrade their handsets, In-Stat said.