The country’s smartphone market can grow at a speed of 12 to 21 per cent this year. Tracking the Smartphone Market Research firms say that the smartphone market has seen a decrease for the last few years but there could be a tremendous increase in 2021.
Smartphone shipments expected to increase by 21 per cent in 2021
Research analysis estimates that smartphone shipments could be more than 17.26 crores this year, which is 15 per cent higher than 15 million shipments in 2020. At the same time, cyber media research estimates that it has increased by 17 per cent compared to last year. Another research firm, Tech Arc, says that in 2021, shipments could go up to 16 million. This is 14 per cent more than the estimated 2020 shipment. At the same time, Counterpoint Research believes that this year smartphone shipments could increase by 21 per cent.
Feature phone users will take advantage of cheap smartphone
Research firms say India is still the 2G phone base market. People who have 2G phones will now want to upgrade faster. Therefore, there is a lot of scope for expansion of the smartphone market in the country. Analysts say that the Indian smartphone market had expanded significantly two years ago. Its effect will be seen in 2021. Market analysts say that with the launch of cheap 4G and 5G smartphones by Reliance Jio, it will be easy to shift 40 crore feature phone users to the smartphone in the country. It is sure to have an impact on the country’s smartphone market. In 2021, the shipment of 5G phones in the country may increase by ten times.
