New Delhi: India’s smartphone market registered its highest ever shipments in 2021 at 169 million, up 11% from 2020, regardless of provide disruptions and value will increase as a result of ongoing element scarcity, in response to Counterpoint Analysis.
The agency attributed the explanations for the large development to elevated adoption and demand for 5G smartphones, which contributed to about 17% of the general shipments in 2021, registering six occasions development in comparison with 2020.
“Going ahead, we count on the market to proceed to develop by double digits with a wholesome contribution of the mid-to-high-end 5G smartphones,” stated analysts on the agency, including that the market continued to supply large alternatives for a number of gamers to develop and co-exist.
Intense competitors amongst OEMs, availability of cheaper 5G chipsets and declining costs of 5G gadgets will allow manufacturers to push extra 5G gadgets into the market, it famous.
In 2021, the value of entry-level 5G gadgets has come down by 40% within the final six months, which additional led to a rise in excessive 5G smartphone adoption.
Client demand remained excessive within the greater value tiers of upwards of ₹20,000 in 2021 with shipments in these value bands rising 96% on-year.
The retail common promoting value additionally confirmed excessive development, growing by over 13% on-year.
“Excessive put in base, in addition to excessive alternative demand coupled with the growing affordability of premium gadgets, led to the excessive development of the premium section,” the agency added.
Supply: Live Mint