T-info
T-discovery
My
Tendata
Market Analysis
Customer
Development
Competitor
Monitoring
Customer Relationship
Export News
07-08-2023
The landscape of India's smartphone exports paints a vivid picture of technological innovation, market dynamics, and shifting consumer preferences. Amidst the ebb and flow of the global economy, India's prowess in the 5G smartphone arena has stood out, marking a remarkable trajectory of growth and evolution.
Navigating India's 5G Smartphone Export Landscape
In the midst of a broader decline in smartphone shipments by 8% in 2022, the export of 5G smartphones from India experienced a robust surge, witnessing a staggering 74% increase. According to a report by CyberMedia Research (CMR), Xiaomi led the overall smartphone market with a 21% market share, while Samsung commanded a 23% market share in the realm of 5G smartphone shipments.
The High-End Smartphone Market: A Beacon of Growth
Beneath the surface, the high-end smartphone market continues to capture the attention of consumers, driven by strong conversion and upgrade intent. In fact, the ultra-premium smartphone market, with devices priced above 100,000 Indian Rupees, registered a remarkable year-on-year growth of over 95%.
CMR industry analyst Menka Kumari highlighted that the latter half of 2022 posed challenging market conditions, leading to a continued downward trajectory in the overall smartphone market.
The Numeric Story of 5G Smartphone Exports
The export journey of India's 5G smartphones in 2022 is an exemplar of both growth and decline. CMR's estimates indicate that the shipment value of 5G smartphones reached approximately 20 billion USD (around 1.65 billion Indian Rupees).
However, the overarching context reveals that India's smartphone shipments faced an 8% year-on-year decline in 2022. When observed on a quarterly basis, the fourth quarter of 2022 witnessed a substantial decline of 28% in smartphone shipments.
A Sectoral Tale: Segment-Specific Trends
Within this dynamic narrative, distinct segments of the smartphone market present varying trends. The sub-7,000 Indian Rupees price segment encountered a steep decline of 55% in shipments. In contrast, the 7,000-25,000 Indian Rupees price segment experienced an 8% decline, while the high-end smartphone segment within the 25,000-50,000 Indian Rupees price range witnessed a 12% increase in shipments. The ultra-premium smartphone segment, encompassing devices priced between 50,000 and 100,000 Indian Rupees, saw an impressive year-on-year growth of 41%.
Read Also: Analysis of China's Smartphone Import Market
Leading Players and Their Dynamics
The hierarchy of India's smartphone landscape is characterized by the dominance of key players. Xiaomi secured the top spot with a 21% market share, followed by Samsung at 19%, and Vivo at 14%. Realme and Oppo captured 14% and 10% of the market share, respectively.
Samsung's leadership in the high-end smartphone market, with a 31% market share in the 25,000-50,000 Indian Rupees price range, is noteworthy. The surge in Samsung's 5G smartphone shipments, with a remarkable year-on-year growth of 142%, highlights the market's inclination towards advanced technology.
Market Trends and Emerging Dynamics
The tale of India's 5G smartphone exports is intertwined with emerging market trends and evolving consumer behaviors. The prevalence of 5G technology, the appeal of high-end devices, and the unique value proposition offered by certain brands have shaped the export landscape.
Looking Ahead: Unveiling Future Trajectories
As we cast our gaze into the horizon, India's 5G smartphone export journey continues to evolve. The complex interplay of technology, consumer sentiment, economic conditions, and geopolitical factors will continue to mold the trajectory of these exports. With India's technological prowess and a dynamic global marketplace, the future holds opportunities for growth, innovation, and new narratives that contribute to the intricate tapestry of international trade.
Category
Leave Message for Demo Request or Questions
