India Tops US, Becomes Second Largest Smartphones Market in World

guest · Jan 26, 2020

India Tops US, Becomes Second Largest Smartphones Market in World
January 24, 2020
https://www.india.com/technology/in...-largest-smartphones-market-in-world-3920393/

Riding on Chinese brands, the India smartphone market surpassed the US for the first time on an annual level, becoming the second-largest smartphone market after China globally — reaching 158 million shipments in the calender year 2019 with 7 per cent (YoY) growth, a report from Counterpoint Research said on Friday.

While Xiaomi continued to be the top player with 28 per cent market share in the calendar year 2019, Samsung was second with 21 per cent and Vivo at 16 per cent market share, said Counterpoint’s ‘Market Monitor’ service.

“Although the rate of growth for smartphone market hit single digit for the first time ever on an annual basis, India is underpenetrated relative to many other markets with 4G penetration in terms of subscribers being around 55 per cent,” said Tarun Pathak, Associate Director, Counterpoint.
Over the past four years, Xiaomi, Vivo, and OnePlus have grown 15 times, 24 times and 18 per cent, respectively.
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Counterpoint Research: India surpassed the USA to become the Second Largest Smartphone Market in the World Reaching 158 Million Shipments in 2019

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