Indian smartphone market registered a year-over-year (YoY) decline of 12 % within the third quarter of 2021 (3Q21) that ended on September 30, as per a report by Worldwide Information Company (IDC). Throughout this quarter, 48 million smartphone models have been shipped. That is important because the Indian smartphone market had registered progress within the final 4 consecutive quarters. The report additionally says that though Xiaomi registered a decline in shipments, it captured the utmost market share. India was the third-largest 5G smartphone market globally with 7 % of worldwide 5G shipments.
The Worldwide Information Company (IDC) Worldwide Quarterly Cell Telephone Tracker attributes the decline in shipments within the 3Q21 to part shortages “in addition to an unusually excessive 3Q20 comparability base”. In comparison with 3Q20, 3Q21 shipments declined 12 % YoY from 54.2 million models to 48 million models. However in a quarter-over-quarter comparability, shipments within the Indian market are up by 47 % from 34 million models in Q2 to 48 million models in Q3 of this yr.
As per IDC, Xiaomi continued to guide however its shipments declined by 17 % YoY. The corporate’s sub-brand Poco, nonetheless, witnessed a excessive 65 % YoY progress in shipments. Samsung remained within the second spot with a 33 % YoY decline within the quarter. Vivo was on the third place with a cargo decline of 13 % (YoY), Realme captured the fourth slot with a YoY decline of 5 % and Oppo witnessed a decline of 16 % YoY to take the fifth spot when it comes to smartphone shipments in 3Q21.
As per the report, key market tendencies for 3Q21 included a record-high share clocked by on-line channels (52 %) with a 5 % YoY cargo quantity decline. Offline channels registered an 18 % YoY cargo decline.
IDC report says that India was the third-largest 5G smartphone market globally with 7 % of worldwide 5G shipments (10 million models) within the quarter. From January to September 2021, 17 million 5G smartphones have been shipped to India. The nation clocked 10 million models shipped at a mean promoting worth of $401 (roughly Rs. 29,800) within the quarter.
IDC says that India’s smartphone market is poised to exit 2021 with a low single-digit annual progress. “The primary 9 months of the yr (Jan-Sep’21) already shipped 120 million models, with 1H21 clocking 42 % YoY progress. Attributable to provide challenges, 4Q21 is anticipated to see a decline, leading to annual shipments under 160 million in 2021. The primary half of 2022 will stay difficult, with some easing out anticipated within the latter half of 2022,” mentioned Navkendar Singh, Analysis Director, Shopper Units & IPDS, IDC India.