India Smartphone Market was worth 173 Mn Units in 2020 and total revenue is expected to grow at a rate of 14 % CAGR from 2021 to 2027, reaching almost 432.89 Mn Units in 2027.
A report on the India Smartphone market has been released by Maximize Market Research, a renowned global provider of data and research on the regional and global aerospace and defence sector. The research provides market sizes by region and predictions through 2029 in addition to other key business information.
The research covers a wide range of market – and industry-related topics. Product launches, company growth, alliances, joint ventures, and acquisitions are a few marketing strategies. The creation of this study has taken into account all significant elements of market research that are essential to the situation of the industry today. This market research analysis also covers the key business trends, challenges, and opportunities. The leading business consultant for the aerospace and defence sector, Maximize Market Research, recently published a report on the competitive landscape and market intelligence for the India Smartphone Market. An expert with 18 years of expertise looked at the market from both a domestic and international viewpoint using both primary and secondary data.
India Smartphone Market Overview
The India Smartphone Market is growing at faster with substantial growth rates over the previous few years and it is estimated that the market can grow considerably within the forecasted period i.e., 2021 to 2029. The report provides India Smartphone Market drivers and restraints.
India has the second-largest smartphone market in the world, behind China. In 2020, the Indian market will perform better than those in Africa, Latin America, and North America. With a population of over 1 billion people and growing disposable income (per capita income climbed to Rs. 95,000 or US$ 1301 in 2020 from Rs. 73000 or US$ 1000 in 2015), India is one of the most profitable markets for smartphones. The market has increased tenfold from 14.5 million shipments in 2011 to 150 million in 2020. In spite of a 4% fall in 2020, the Indian market will still fare better than those in North America, Latin America, and Africa.
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Market Scope
During the forecast, the India Smartphone Market is developing at a stable rate between 2022 and 2029. Due to the efforts of industry participants, the market is forecast to grow significantly between 2022 and 2029. The report provides current India Smartphone Market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin amp; Sales by Product are all included in this India Smartphone Market research report.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
India Smartphone Market Segmentation
The market is divided into 2G, 3G, 4G, and 5G sub-segments based on Internet Speed. 5G smartphones represented 3% of the market in 2020. Despite not having a 5G network, India has already eclipsed the US as one of the top markets for 5G smartphones. Because 5G is still one of the most sought-after smartphone features, 32 million to 40 million 5G smartphones are anticipated to be sold in India by 2021. In India, the cheapest 5G smartphone costs between Rs 15,000 and 16,000 (between $200 and 220).
The market is divided into Online and Offline subsegments based on Distribution Channel. More sales through internet channels: As a result of lockdowns brought on by COVID-19 in 2020, smartphone sales through online channels rose. IDC estimates that in 2020, online channels grew 12% year over year and accounted for 48% of all sales. the fourth quarter of 2020 had a 5% YoY gain in offline channels and increased over the holiday season. The online smartphone business in India is being driven by an internet shopping obsession. The rise is being fueled by the quick development and aggressive sales of online retailers like Paytm, Amazon, and Flipkart. Brands like Xiaomi, Honour, Realme, Asus, and One Plus are the driving forces behind strong online exclusive portfolios.
The research includes a PORTER, PESTEL analysis with the probable influence of market micro-economic aspects. Decision-makers will have a clear, futuristic vision of the industry as a result of the analysis of both internal and external variables that might positively or negatively impact the organisation.
Additionally, the report’s analysis of market segmentation and projection of India’s smartphone market size aid in understanding the dynamics and structure of the global industry. The report’s investor’s guide status is derived from its clear portrayal of competitive analysis of key companies by product, price, financial situation, product portfolio, growth plans, and geographical presence in the India Smartphone Market.
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Key Players
• Vivo
• Samsung
• OPPO
• Transsion
• Huawei
• Apple
• Motorola
• Nokia
• OnePlus
• Tecno
• Infinix
• Lenovo
• LG
• Micromax
• Realme
• OnePlus Technology Co. Ltd.
• Xiami
• JIO
• SWIPE MOBILES
• CELKON
• SMARTRON
• YU TELEVENTURES
The global India Smartphone Market research report contains a detailed regional key player analysis of the India Smartphone Market industry, with an emphasis on business growth opportunities and market hurdles in each of the globe’s major regions.
Regional Analysis
The regional analysis provided in our report helps you understand the India Smartphone Market in different regions. Every region has different factors such as political, geographic, economic, etc. which are affecting the India Smartphone Market . Local and regional development plans are often affected by the performance of India Smartphone Market . The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the market.
Key Questions answered in the India Smartphone Market Report are:
- What is India Smartphone Market ?
- What is the forecast period of the India Smartphone Market ?
- What is the competitive scenario of the India Smartphone Market ?
- Which region held the largest market share in the India Smartphone Market ?
- What are the opportunities for the India Smartphone Market ?
- What factors are affecting the India Smartphone Market growth?
- Who are the key players of the India Smartphone Market ?
- Which company held the largest share in the India Smartphone Market ?
- What will be the CAGR of the India Smartphone Market during the forecast period?
- What key trends are likely to emerge in the India Smartphone Market in the coming years?
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Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by India Smartphone Market
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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