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India-made smartphone shipments have reportedly declined by 8 p.c in Q3 2022 in comparison with Q3 2021 to succeed in 52 million items. Falling shopper demand and market uncertainties have affected shipments, based on a survey by market analysis agency Counterpoint Analysis. Whereas Oppo led the Made in India smartphone shipments within the third quarter with a 24 p.c market share, Samsung and Vivo rank second and third respectively.
In keeping with the outcomes of a survey printed by market analysis agency Counterpoint Analysis, Made in India smartphone shipments have fallen 8 p.c year-on-year (YoY) between July and September 2022 to succeed in greater than 52 million items. That is the primary decline this yr, based on the report. A senior analysis analyst for the corporate cited weak shopper demand within the entry-level section and excessive channel stock at first of the quarter as the 2 most important causes for this decline.
The report additionally shared the expansion within the nation’s smartphone manufacturing ecosystem. It says that 63 p.c of Made in India shipments got here from in-house producers, whereas the remaining 37 p.c got here from third-party EMS gamers. Chinese language smartphone maker Oppo has the very best market share of 24 p.c in Made in India smartphone shipments within the third quarter, adopted by Samsung and Vivo. Nevertheless, BYD and Lava are stated to be the quickest rising producers when it comes to smartphone shipments.
The report additionally urged that native smartphone manufacturing might see an upward trajectory with extra partnerships such because the Tata Group and Wistron, and Foxconn and Vedanta. As well as, the Indian authorities additionally goals to broaden the native worth added from the present 17-18 p.c to 25 p.c within the close to future, the report added. Subsequently, manufacturing volumes might enhance with a concentrate on OEMs to export to different international locations.
Earlier this month, Trendforce analysis had discovered a decline in world smartphone manufacturing within the third quarter of 2022. It stated the trade produced 289 million items from July to September, representing a quarter-on-quarter decline of 0 .9 p.c from 307 million items within the second quarter. On a yearly foundation, that is about an 11 p.c decline.
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