‘Made in India’ smartphone shipments grew 6 p.c year-on-year (YoY) in 2024, in accordance with claims by a market analysis agency. Samsung and Vivo dominated the market with probably the most market share. In the meantime, the previous, together with Apple, accounted for a mixed 94 p.c of the whole smartphone exports from the nation, benefitting from the federal government’s PLI (Manufacturing-Linked Incentive) scheme. In the meantime, Dixon emerged as India’s prime producer of smartphones and have telephones, registering a 39 p.c YoY development.
Progress of ‘Made in India’ Smartphone Shipments
In accordance to Counterpoint Analysis’s ‘Make in India’ Service, Samsung retained its spot from final yr as the highest smartphone producer of 2024, registering a 6 p.c YoY development and a 13 p.c YoY enhance in exports. The model had an total share of 20 p.c within the Indian smartphone market.
Vivo ranked second with a 14 p.c market share, with its offline enlargement and improved distribution community cited because the contributing elements. In the meantime, Oppo registered a 34 p.c decline in shipments, slipping to the fourth spot. The evaluation reveals that Dixon achieved a 39 p.c YoY development, owing to its current partnerships with the Transsion manufacturers in addition to Realme. It ranked as the highest producer of smartphones and have telephones within the nation.
Additional, Tata Electronics was the quickest rising producer of 2024 with a 107 p.c YoY enhance. Counterpoint states that iPhone 15 and iPhone 16 have been the key quantity contributors. To additional cement its place as a key participant within the international electronics provide chain, the corporate has ventured into semiconductor fabrication with a manufacturing facility established in Haryana, whereas additionally at present constructing an Outsourced Semiconductor Meeting and Take a look at (OSAT) plant in Assam.
In the meantime, DBG Expertise, which manufactures smartphones for manufacturers resembling Xiaomi and Realme in India, additionally recorded a double-digit development. Based on Counterpoint’s Senior Analysis Analyst Prachir Singh, smartphone manufacturing in India is predicted to develop by double digits in 2025, with a specific enhance seemingly in “native worth addition”.
