Research Shows Indian Smartphone Exports Could Surpass $ 1.5 Billion By 2020
India’s smartphone exports are estimated to exceed $ 1.5 billion, or roughly Rs. 11,104 million rupees, in 2020, according to a report by research and analysis firm techARC. The report also shows that the ‘Make in India’ initiative has contributed significantly to people from 24 countries buying mobile phones made in India. From January to September, a total of 12.8 million mobile phones were exported from India, of which 10.9 million were smartphones. COVID-19 caused a sharp drop in the period from April to June.
According to him report Per techARC, India’s smartphone export market is estimated to exceed $ 1.5 billion by the end of this year. From the January to March period, 7.4 million units were exported which fell sharply to 1.2 million in the April to June period due to COVID-19 and the accompanying lockdown restrictions. Then, in the period from July to September, 4.2 million units were shipped. A total of 12.8 million mobile phones were exported from January to September and of this, 10.9 million units were smartphones.
Samsung exported 11.6 million units, followed by Xiaomi at 0.6 million. In terms of smartphones, Samsung exported 9.8 million units followed by Xiaomi with 0.6 million and Wash by 0.2 million. Vivo Y OnePlus were the other smartphone exporters in the top 5. It was found that the Samsung Galaxy A51 it was the most exported smartphone. Lava was the only Indian brand exporting smartphones and was among the top five exporters.
A total of 21 brands are exporting mobile phones from India and 17 brands are exporting smart phones. According to the report, India exported more than 4.5 million phones to the United Arab Emirates, more than 1.3 million to the US, more than 1.2 million to Russia, more than 1.09 million to South Africa and 612,963 to Italy.
Faisal Kawoosa, founder and chief analyst at techARC shared that the PLI scheme that was approved for 16 electronics companies, including 10 mobile phone manufacturers, will further strengthen India’s position in the global market.