Smartphone shipments in India grew by just one p.c within the second quarter (April-June) of 2024 on a year-on-year (YoY) foundation, in response to a report by a know-how market analyst agency. The report means that the slight progress is a results of numerous various factors, together with nationwide elections, decrease seasonal demand and excessive climate situations in some areas. Among the many prime manufacturers with the most important market share within the quarter have been Xiaomi and Vivo. Notably, estimates for Xiaomi on this report embody information from Poco, the corporate’s sub-brand, whereas estimates for Oppo exclude OnePlus.
Indian Smartphone Market Q2 2024 Development
A report by market analyst agency Canalys claims that the full variety of smartphone models shipped in India in Q2 2024 was 36.Four million, which is marginally greater than the 36.1 million models shipped in Q2 2023. The report exhibits that Xiaomi and Vivo every shipped 6.7 million models and had an 18 p.c market share every.
Samsung adopted carefully at 17 p.c with 6.1 million models shipped, whereas Realme and Oppo shipped 4.three million and 4.2 million models every, with 12 and 11 p.c market share, respectively.
Contributing to Xiaomi and Vivo’s bigger market share have been the Redmi Be aware 13 Professional collection, and the Xiaomi 14 Civi, alongside Vivo’s V-series and the Vivo Y200 Professional, the report added.
The small yearly progress within the quarter is attributed to the nationwide common elections, excessive climate, fluctuating demand and sluggish migration from function telephones to smartphones. The report additionally claimed that one other ingredient is the rising development of adopting second-hand smartphones
Indian Smartphone Market H2 2024 Outlook
The report additionally recommended that the majority manufacturers will stay up for clearing their stock with monsoon e-commerce gross sales to organize for upcoming newer launches. It additionally claimed that patrons are anticipated to improve to higher-end telephones with higher options and improvements within the coming months. Most prospects are anticipated to deal with 5G connectivity and generative AI assist on their smartphones, in response to the report.
The agency expects “mid-single-digit progress in each the upcoming festive season and general shipments” in the remainder of 2024.
