WATCH INDIA & XIAOMI $1810 Smartphone market in India - statistics & facts
India will over take China and emerge as the largest population in the projected year 2100.
Rising disposable income, cheaper internet, and the need to always stay connected are some of the factors that have led the Indian smartphone
market to grow into one of the largest smartphone markets in the world.
And with the entire nation glued to mobile phones ( like any other countries in the world ) It is undeniable that we cannot live without mobile devices.
India will also emerge as one of the high growth economics moving forward.
However, compared to other markets across the globe, India’s smartphone penetration rate is still relatively low.
The demand for smartphones is likely to grow in the future as a considerable share of the population did not own a phone or were planning to switch from a feature phone to a smartphone.
- 35% has no mobile phones & 45% owns mobile phones but not a smartphone.
India has a huge potential uncovered market for mobile devices and home appliances for these 75% population
whereby these two sectors will lead and grow as the fastest growing online products as the India develop.
For your info, Xiaomi was one of the leading market shareholders in the Indian smartphone market. It sold phones under the brand names Mi, Redmi, and POCO.
So technically, it should be on the number 1 spot.
Not sure if you are aware, Xiaomi is undercutting the entire tech industry ( Mobile deceives & home appliances ) which covers the two sectors mentioned above that will lead and grow as the fastest online products
Hope you enjoy my thesis and analysis on the fundamental.
* not financial advice
* my own analysis
* pictures credit Statista
Link to the technical as below.
Cheers!
