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India Smartphone Market

A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the India smartphone market was worth 154.0 million units in the year 2020. According to the data yielded by the study, the market is estimated to grow at a CAGR of 14.2%, to reach 388.0 million units by the end of 2027.

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India Smartphone Market

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  1. India Smartphone Market, By Operating System, Trend Analysis, Competitive Market Share & Forecast, 2020- 2027

  2. Robot Operating System Market- India Smartphone Market A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the India smartphone market was worth 154.0 million units in the year 2020. According to the data yielded by the study, the market is estimated to grow at a CAGR of 14.2%, to reach 388.0 million units by the end of 2027. With constant launches of innovative and attractive smartphones in India, the smartphone market is booming rapidly. To grab a larger share of the market, smartphone brands are offering their products at competitive prices. Smartphone brands like Samsung, Xiaomi, Realme, etc., have high penetration in the Indian market. However, certain brands such as Apple Inc. rely on brand loyalty to increase their market share.

  3. Growth Drivers High Penetration of Low-Cost Smartphones India has one of the most lucrative smartphone markets in the world, with significant growth. The market is also price-sensitive, and a slight change in pricing will change its consumption patterns. As a result, smartphone manufacturers in India launch and offer low-cost smartphones to capture the largest market share. According to a survey conducted by Amazon, mid-range smartphones between Rs. 15,000 to Rs. 25,000 (USD 202.31 to USD 337.18) are popular among Indian buyers. Therefore, brands like Samsung, Xiaomi, Realme, etc., target this price range, propelling the market growth.

  4. Restraints Concerns about the side effects of smartphonesThe excessive use of smartphones has raised serious concerns for the masses. Several studies and experts have revealed that regular use of smartphones may result in digital eye strain, neck problems, male infertility, and car accidents. The high use of smartphones will eventually have adverse effects on human health, including changes in brain activity, reaction time, and sleep patterns. Moreover, children under the age of 18 are more likely to be adversely affected by smartphones than adults. These factors could slow the market growth during the forecast period.

  5. Impact of COVID-19 on India Smartphone Market The India smartphone market witnessed a significant boom after the outbreak of the COVID-19 pandemic. The shift to remote schooling and working resulted in a sharp rise in smartphone demand across the country. As more people started using their smartphones to access social media sites and streaming platforms, internet traffic also recorded a surge during the lockdown period. In spite of all this, the market suffered a decline following the enormous gap between supply and demand that resulted from the shutdowns of manufacturing and distribution operations. The market is, however, expected to increase considerably in the post-COVID-19 period.

  6. India Smartphone Market - Regional Insights Geographically, the India smartphone market is segmented into North India, South India, East India, and West India. India's Northern region dominates the smartphone market, with Uttar Pradesh having the highest mobile subscribers. Inexpensive brands such as Oppo, Vivo, Xiaomi, etc., are highly popular in this region. Additionally, the high number of young smartphone users and working population in north India also drive growth in the market. Similarly, South India also leads the India smartphone market, with states like Tamil Nadu and Andhra Pradesh having high mobile penetration rates. Sample Copy of the Report: https://www.blueweaveconsulting.com/report/india-smartphone-market/report-sample

  7. Competitive landscape The leading players in the India smartphone market are Realme, OnePlus, Xiaomi, Samsung Group, Vivo, Google, Oppo, Apple, Inc., Huawei, Nokia, and other prominent players. Various industry players make up this highly fragmented market. Yet affordable players like Oppo, Vivo, Xiaomi, etc., still hold the majority of the market. However, the high-end market is dominated only by Apple and Google with their innovative but expensive smartphones. Additionally, companies extensively do product launches to grab the most market share. They also spend heavily on advertising and marketing to expand their consumer base.

  8. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

  9. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com

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