New Delhi: The Indian smartphone market registered the highest delivery at 169 million units in 2021, according to a report with a rival research.
The initial data from the Counterpoint Research Market Monitor Service said the delivery of Indian smartphones passed 169 million units in 2021 to register 11 percent year-on-year growth of around 152 million units in 2020.
The market showed high resilience in a year witnessed by one year and wave Covid-19 is more ferocious and supply disorders and price increases because of the shortage of ongoing components, he added.
The report said the increase in adoption and demand for 5G smartphones was one of the key factors for high delivery in 2021.
5G smartphones contributed around 17 percent of the total delivery in 2021, registering 6x growth compared to 2020, he added.
“Strict competition among OEMs, the availability of chipper 5G chipsets and the decline in the price of 5G devices will enable brands to push more 5G devices to the market.
The price of 5G entry-level devices has dropped by 40 percent in the past six months.
Increased affordability of 5G devices It has been the main reason for the adoption of high 5G smartphones, “he recorded.
Consumer demand remains high at the premium price level (above RS 30,000) in 2021 with shipping the ribbon this price grew 98 percent y-o-y.
The Under-RS 10,000 category – which contributed 30 percent of the market share – decreased by 5 percent, while Rs 10,000-20,000 segments (47 percent of the shares) grew 8 percent.
RS 20,000-30,000 (13 percent) grew 95 percent.
Retail ASP (average selling price) also shows high growth, increasing more than 13 percent y-o-y, rival words.
“High-mounted base and high replacement requests coupled with the increasing affordability of premium devices causing high growth of the premium segment.” In the future, we hope the market continues to grow with two digits with a healthy contribution with a healthy contribution -To-high-end 5G smartphone.
The Indian smartphone market continues to offer great opportunities for many players to grow and coexist, “he added.