Smartphone industry In India to contribute over 8% to GDP by 2020

reogma|Smartphone industry In India to contribute over 8% to GDP by 2020

Globally, Smartphone vendors shipped a total of 355.2 million units during the third quarter of 2018 (3Q18). Smartphone shipments in India touched an all-time high of 42.6 million units in the third quarter of 2018. Locally, India currently produces 225 million phones valued at USD 18.97 billion a year. In India, 257 million smart phone volumes will be shipped by 2020 and the market will be growing at a CAGR of 20.8%.

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Drivers
  • Market Restraints
  • Industry Challenges
  • Pricing Trends
  • Regulatory Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Market Outlook
  • Distribution Chain Analysis
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References

Definition / Scope

Mobile devices are broadly categorized under the following three types:

Mobile phones

Mobile phones are usually the most affordable phones when it comes to price on the market, for instance, Nokia 100. While a mobile phone doesn’t come bundled with high-end features, what it does offer is a brilliant battery life. This one has a standby time of 840 after fully charging the battery.

A mobile phone’s crucial job is to enable users to make a phone call and the odd SMS. In addition to its affordable price, one of the key reasons this model is so popular in places like rural India is its durable, dust-resistant design.

Feature phones

Feature phones lie in the space between mobile phones and smartphones. They are rich in features, very clearly more advanced than a mobile phone, but not quite so advanced as a Smartphone. They have built-in cameras sometimes with a fairly high megapixel count and support apps, game download and feature a Web browser. The Nokia Asha 305, Nokia Asha 306 and Nokia Asha 311 are all feature phones.

Smartphones

Smartphones, tablets, and laptops have moved from the fringe of computing to the mainstream in just five years. Sales of these smart devices exponentially grew as consumers saw the benefits of seamless connectivity, and were drawn to the simplicity of new user interfaces. In many cases, the environment benefited too, as energy efficient devices displaced older computers, and new mobile-enabled cloud systems became platforms for efficiency across the economy.

Today mobile phones have moved beyond their primary role of voice communications and have stepped up to become an essential entertaining device for mobile users. Today‘s youth use it to express their thoughts, for social networking, to show their interests, play games, read the news, surf on the internet, listen to music, chat instantly with friends & families and even transact banking services. There are various phone manufacturers providing handsets.

The Indian mobile industry is the fastest growing in the world and India continues to add more mobile connections every month than any other country in the world. The telecom boom in the country provides a great opportunity to handset manufacturers and the hottest segment for these manufacturers is the entry-level segment. Among the fastest growing sectors in the country, telecom has been booming up the growth curve at a fiery pace.

India is currently facing the onslaught of cheap sub-standard Chinese phones, which occupy as much as 25% of the market. The boost to exports to mobile phones and their parts will encourage local manufacturing, which is the best answer to compete with the cheap sub-standard Chinese phones imports. Mobile phone exports from India could double as a result of Commerce Ministry granting 2 percent Focus Product Scheme (FPS) on mobile phone exports.

Within the product mix of smartphones, the various other product types make the smartphone ecosystem. Such product types include:

  • Phone Cases
  • Headphones & Earphones
  • Power Banks
  • Portable Speakers
  • Others

Consumers primarily use of smartphone for SMS and calling which stands at 45% of total activities performed. Besides these activities, the use of devices for social networking, video streaming, emailing, mobile banking, and browsing has dramatically increased in recent years.

Users mostly install gaming applications on their deivce which comprises 39% of total storage space followed by using social networking and watching videos where both types of applications stand 29% each. Weather application and Shopping applications are also in increasing use standing more than 10%.

reogma|Smartphone industry In India to contribute over 8% to GDP by 2020

reogma|Smartphone industry In India to contribute over 8% to GDP by 2020


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Globally, Smartphone vendors shipped a total of 355.2 million units during the third quarter of 2018 (3Q18). Smartphone shipments in India touched an all-time high of 42.6 million units in the third quarter of 2018. Locally, India currently produces 225 million phones valued at USD 18.97 billion a year. In […]
reogma|Smartphone industry In India to contribute over 8% to GDP by 2020reogma|Smartphone industry In India to contribute over 8% to GDP by 2020

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