India’s handset industry may go past the 300-mn unit mark in 2019
On Tuesday reporter said that backed by robust growth in a smartphone as well as smart-feature phone categories, an estimated 302 million mobile handsets will be sold in India in 2019, the highest ever in a year.
Xiaomi is expected to continue the lead in 2019 in the overall smartphone market, according to the research from technology research consulting firm TechArc.
Of the 302 million mobile handsets, 149 million (49.3 percent) will be smartphones, 55 million (18.2 percent) will be smart-feature phones and the remaining 98 million (32.5 percent) will be the feature phones, the results showed.
The feat, if achieved, would help India run close the annual 400-million plus Chinese market, which is the biggest in the world.
India, which has the second position in the global mobile handsets market, is projected to grow to 302 million units this year, according to analyst firm TechArc.
While during the past seven years — between early 2012 and the end of 2018 — the local market grew in double digits, 2019 could be the first year in a while when the overall growth rate could come down to 3.4 percent because falling sales of basic feature phones may dent the industry growth rate.
The fast-growing smartphones market is expected to gain more steam. While between 2016 and 2018 it grew by some 10 percent, in 2019 it is projected to grow at 11 percent to be close to 150 million from 135 million in 2018.