On June 18, based on the newest analysis by Counterpoint, “Made in India” smartphone shipments elevated by 7% year-on-year within the first quarter of 2022 to greater than 48 million models.
Prachir Singh, Senior Research Analyst, mentioned: “India’s smartphone manufacturing industry is growing. In 2021, more than 190 million ‘Made in India’ smartphones will be shipped. The increase as well as the increase in exports are the main reasons for the continued growth. Various initiatives by the Indian government to increase the local manufacturing industry have provided support for this. However, due to the decline in demand in the past few quarters, the manufacturing volume of feature machines will continue to grow in 2022. It was down 41% year-on-year in the first quarter.”
On the manufacturing panorama and technique, Singh mentioned: “In the smartphone segment, third-party EMS (Electronic Manufacturing Services) providers have a 42% share of the local manufacturing sector with 4% YoY growth in shipments. Bharat FIH is 2022 The largest EMS provider in Q1, followed by Dixon Technologies. However, in-house manufacturing capacity is also growing. This quarter, India’s domestic smartphone manufacturing market share exceeded 58%. OPPO leads the “Made in India” smartphone market with a 22% share Shipments, followed by Samsung with 21%. However, in the feature phone segment, the market share of EMS exceeded 68% in the first quarter of 2022. Among the “Made in India” feature phones, Lava led the way with 21%. % market share. Among third-party EMS providers, Flex, Bharat FIH and Dixon Technologies lead the feature phone segment.”
Referring to the Indian government’s initiative, research analyst Joseph said: “The authorities’s focus has at all times been to make India a producing hub. It has made a number of strikes on this course. It seems that production-linked incentives for cellphones ( PLI) program is an accelerator for native manufacturing. The authorities has launched comparable PLI packages in different strategic areas akin to photo voltaic, semiconductor, automotive and electronics. Under the present uncertainty attributable to the unfold of the epidemic, warfare and different elements, The authorities believes it is very important have a resilient financial system that may face up to these shocks. The signing of the current Indo-Pacific Prosperity Economic Framework (IPEF) is an instance of the federal government’s intention to make it clear that it goals to be the subsequent tech hub.”
Looking forward, Counterpoint analysts imagine that India’s cell phone manufacturing business will develop by 4% year-on-year in 2022. In addition, rising native added worth will drive the idea of “self-reliant India”. Coupled with the truth that the Indian authorities can be very centered on rising localized manufacturing, via Semiconductor PLI, it goals to make India an necessary place for semiconductor and electronics manufacturing.