India Smartphone Market- Industry Trends & Forecast Report 2027 - PDF document

India Interior Design Market Thriving: Projected to growing at a CAGR of 7.4% by 2027 India Smartphone Market - Industry Trends & Forecast Report 202 7 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. Furthermore, the Indian government is also taking various initiatives to attract FDA and establish manufacturing plants for smartphones to promote Make In In dia campaigns. However, the negative side effects of smartphones and the shortage of chips that resulted from the COVID - 19 pandemic may be a major restraining factor for the India smartphone market . Report Overview The India smartphone market is garnering a high CAGR due to the launch of trendy and low - cost smartphones. With India's expanding 5G infrastructure, the demand for 5G - enabled smartphones is also on the rise, driving the India smartphone market . View report Press release Sample report India Interior Design Market Thriving: Projected to growing at a CAGR of 7.4% by 2027 India Smart phone Market - Industry Trends & Forecast Report 202 7 The India smartphone market was worth 154.0 million units in 2020 and is further projected to reach 388.0 million units by the year 2027, growing at the CAGR of 14.2% in the forecast period. The market i s booming at a tremendous rate because of the availability of low - cost smartphones laced with advanced features and strong distribution channels through retail stores and online sites such as Amazon.com and Flipkart. Furthermore, increased government effor ts toward the FDA and manufacturing plants are projected to enhance the market during the forecast period . Source: BlueWeave Consultin g India Smartphone Market - Overvie w Smartphones are advanced versions of telephones used for making phone calls and accessing the Internet. Yet, today's smartphones are equipped with advanced functionality that lets users access social networking sites, make video calls, send emails, track t heir GPS, and more. Furthermore, smartphones can also be used as a remote control to operate home appliances such as televisions and air conditioners. Currently, smartphones are increasingly being utilized for business and education, which benefits its mar ket growth . India Smartphone Market Forecast and Trend s Growth Driver s High Penetration of Low - Cost Smartphone s India Interior Design Market Thriving: Projected to growing at a CAGR of 7.4% by 2027 India has one of the most lucrative smartphone markets in the world, with significant growth. The market is also price - sensitive, and a slight c hange 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 . Increasing Investment for Manufacturing Plant s With immense growth o pportunities in the smartphone market, India is attracting foreign direct investment to establish local smartphone and component manufacturing plants. Local smartphone manufacturing will reduce shipping costs and increase income for manufacturers while ben efiting from various incentives such as tariff reductions and other financial assistance. Governments are also launching a multitude of efforts to help the sector. For instance, India and Taiwan are negotiating a deal to reduce tariffs on chip manufacturin g. These activities are projected to enhance market growth throughout the forecast period . Restraint s Concerns about the side effects of smartphone s The excessive use of smartphones has raised serious concerns for the masses. Several studies and experts ha ve 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, reactio n 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 . Impact of COVID - 19 on India Smartphone Marke t 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 shutdo wns of manufacturing and distribution operations. The market is, however, expected to increase considerably in the post - COVID - 19 period . India Interior Design Market Thriving: Projected to growing at a CAGR of 7.4% by 2027 India Smartphone Market - By Operating Syste m Based on the operating systems, the India smartphone market is segmented into Android and iOS. The Android segment accounts for the largest market share as major smartphone brands available in India offer this operating system. Android offers a wider choice of phones and applications than iOS. It is relatively more popular amon g Indian consumers. On the other hand, Apple, Inc., the brand that uses iOS, is geared towards an elite group of consumers, thus limiting its market growth . India Smartphone Market - By Distribution Channe l Based on distribution channels, the India smartph one market is segmented into retail stores, specialty stores, online distributors, and others. The online distributor segment emerged as the major shareholder in 2020 and is expected to witness the highest growth rate in the forecast period as well. Popula r e - commerce platforms such as Amazon.com and Flipkart contribute to the rapid growth of this segment in India. With these platforms, consumers can obtain smartphones at a discounted price and enjoy free delivery services, which drives the smartphone marke t in India . India Smartphone Market - Regional Insight s 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 t he 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 . Competitive Landscap e The leading players in the India smartphone market are Realme, OnePlus, Xiaomi, Samsung Group, V ivo, 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 m arket 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 consume r base . This market also shows a strong trend of adopting competitive strategies including joint ventures, mergers, and collaborations . India Interior Design Market Thriving: Projected to growing at a CAGR of 7.4% by 2027 R ecent Development s  In September 2021, Samsung announced the launch of two new smartphones in the Indian market. The Sam sung Galaxy F42 5G has been priced at Rs. 20,999 (USD 282.90) and Samsung Galaxy M52 5G is being offered at Rs. 25,990 (USD 350.14) .  In September 2021, the OnePlus brand that was merged with Oppo, both owned by Chinese brand BLK Electronics, announced plan s to launch new smartphones under USD 269.65 (Rs. 20,000) to target the affordable smartphone market in India . Scope of the Repor t Attribute s Detail s Years Considere d Historical data – 2017 - 202 0 Base Year – 202 0 Forecast – 2021 – 202 7 Facts Covere d Revenue in USD Millio n Volume in Million Unit s Market Coverag e North India, South India, East India, and West Indi a Product Service/Segmentatio n By Operating System, By Distribution Channel, By Regio n India Interior Design Market Thriving: Projected to growing at a CAGR of 7.4% by 2027 Key Player s Realme, OnePlus, Xiaomi, Samsung Group, Vivo, Google, Oppo, Apple, Inc., Huawei, Nokia, and other prominent players . By Operating Syste m  Androi d  iO S By Distribution Channe l  Retail Store s  Specialty Store s  Online Distributor s  Other s By Regio n  North Indi a  South Indi a  East Indi a  West Indi a India Interior Design Market Thriving: Projected to growing at a CAGR of 7.4% by 2027 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 tim ely 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 endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com India Interior Design Market Thriving: Projected to growing at a CAGR of 7.4% by 2027