The smartphone industry in India is developing fast. In 2019, up to 158 million mobile phones went to India, but by 2020, the number dropped by four percent to 152 million.
In each year, however, the demand for smartphones and other small communication instruments grew more than 300 million smartphones collectively, notably while there was a continuing pandemic.
Smartphone shipments will also surpass records in the year 2021; in the third and fourth quarters of 2021 more than 170 million devices are projected to ship.
In the report, Counterpoint says, “Our outlook for India for the next five years remains positive, given its 1.39 billion (and growing) population, the upgrading of feature phone users to smartphones, and the emergence of new use cases in the future. The market will surpass the 200 million mark in the next few years. “
The research company also observed that the growth curve in Indian markets has increased to 158 million units in 2019 over the last five years.
This year there are 73 million units. In 2020, it is anticipated that over the 152 million units sales would rise 14 percent year on year. The region has experienced a rise in smartphone demand after the COVID-19 limitations have been abolished. Moreover, the explosive sales growth since July is projected to continue in India from August to November 2021 throughout the Christmas season.
The research company adds: “Even when the second wave of Covid-19 hit the country in the second quarter of 2021, the smartphone market recovered faster than expected and recorded the highest deliveries of all time in the first half of 2021. The pent-up demand will also play a role.”
While the impact of COVID-19 lockdowns will be reduced in comparison with previous year, it was this time around shorter. The smartphone market in India is the second largest in the world after China. The Indian market exceeded the markets of Africa, Latin America and the United States both in 2019 and 2020.
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