Friday, July 1, 2022
HomeTechMade in India Smartphone Shipments Grew 7 % YoY in Q1 2022:...

Made in India Smartphone Shipments Grew 7 % YoY in Q1 2022: Report

‘Made in India’ smartphone shipments are up by 7 p.c year-on-year (YoY) within the first quarter of 2022. The Made in India smartphone shipments hit 48 million models in Q1 2022. The information has been revealed within the newest analysis from Counterpoint’s Know-how Market Analysis agency’s Make in India service. Oppo, which is the father or mother model of Realme and OnePlus, led the ‘Made in India’ smartphone shipments with 22 p.c YoY progress within the first quarter of 2022.

As per the most recent analysis report by Counterpoint, the ‘Made in India’ smartphone shipments have seen a 7 p.c YoY progress in Q1 2022. The smartphone shipments out there had crossed over 48 million models.

Commenting on the native manufacturing ecosystem, Prachir Singh, Senior Analysis Analyst, mentioned, “Smartphone manufacturing is rising in India. In 2021, the shipments of ‘Made in India’ smartphones crossed 190 million models. The rising smartphone demand in India in addition to rising exports are the main causes for the continued progress. Assist has additionally come from the Indian authorities’s varied initiatives to extend native manufacturing.”

Whereas owing to the scarcity of world elements, the native smartphone manufacturing ecosystem has stayed versatile, in response to the report.

Then again, as talked about above, Oppo has turn into the chief of the Made in India smartphone shipments in Q1 2022 with 22 p.c YoY progress. In the meantime, the South Korean smartphone model Samsung, took the second spot with an in depth 21 p.c YoY progress to Oppo in Q1 2022.

Nevertheless, the report additionally says that the manufacturing of the function telephones has declined by 41 p.c YoY in Q1 2022. The rationale for that is mentioned to be the falling demand for function telephones over the previous few quarters. On this section, Lava led the ‘Made in India’ function telephone shipments with a 21 p.c market share in Q1 2022, as per the report.

Picture Credit score: Counterpoint

Subsequent comes the third-party EMS (digital manufacturing companies) suppliers within the smartphone section, which have captured 42 p.c market share when it comes to native manufacturing, and witnessed a 4 p.c YoY enhance in shipments in Q1 2022, in response to the report.

Bharat FIH took the primary spot in EMS supplier in smartphone shipments in Q1 2022, adopted by Dixon Applied sciences. Whereas Flex, Bharat FIH and Dixon Applied sciences led the function telephone section among the many third-party EMS suppliers in Q1 2022.

Furthermore, Counterpoint has additionally talked about that the analysis agency is anticipating a 4 p.c YoY progress in 2022 when it comes to smartphone manufacturing in India.


Most Popular