As smartphones continue to become more advanced and adoption increases, the global smartphone market is expected to top 1.6 billion units by 2017, according to a new report by Global Industry Analysts.

The market research firm noted that adoption of smartphones and mobile phone accessories was relatively slow in recent years, stunted by the economic recession. However, as the economy continues to recover and people find themselves with a little more bread in their pockets, adoption is likely to skyrocket in coming years.

According to the report, Google's mobile operating system Android will become the dominant mobile OS by 2015 with nearly half a billion users. However, Google will have its work cut out for it, as competitors Apple, Research In Motion and Microsoft – partnering with Nokia – are not likely to sit by idly.

GIA also predicted a number of developments that are likely to become more common to smartphones in the next half-decade, including near-field communication, dual-core processors and 3D displays.

As GIA noted, Android will become the leading smartphone OS by 2015. However, according to a recent Gartner report, Google will accomplish that feat as early as this year, topping Symbian, Apple and others to snag 38.5 percent of the market share.