On January 27, 2020 according to the recently released Counterpoint Research’s Market Monitor service report, India surpassed the United States(US) for the first time to become the 2nd largest smartphone market in the world. India recorded 158 million shipments in 2019 with 7% year-on-year growth which was mainly due to Chinese smartphone brands that were introduced. The list was topped by China.
Counterpoint Research report:
i.Smartphone share: The combined share of top 5 smartphone brands was around 84% which is the highest level ever recorded.
ii.Top smartphone brand: Chinese smartphone company Xiaomi topped the smartphone market for the second consecutive year with 28% market share. Xiaomi was followed by South Korean brand Samsung in the 2nd place with 21% market share.
iii.Fastest growing brands: Some of the fastest growing brands include Chinese smartphone brand Vivo at 16% with 76% year on year growth. Realme at 10% recorded 255% growth while Oppo at 9% recorded 28% year on year growth.
iv.4g (4th generation) penetration among Indian subscribers were around 55%
v.Chinese brands: The brands from China hit a record 72% growth for 2019 compared to 60% in 2018.
Indian smartphone shipment market share rank 2019:
About United States(US):
Capital- Washington, D.C.
President- Donald Trump.
Currency- United States Dollar