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Record quarter for Indian smartphone market - But things may turn bad

The good news: India’s smartphone shipments had a record quarter (Q1) in 2021. The bad news: The second wave of Covid-19 sweeping the coun...

The good news: India’s smartphone shipments had a record quarter (Q1) in 2021. The bad news: The second wave of Covid-19 sweeping the country may pull the numbers down in the second quarter.

According to the latest report from Counterpoint’s Market Monitor, India’s smartphone shipments registered a record 23% year-over-year growth to hit 38 million units in the first quarter of 2021.

"But these numbers should be taken with caution as a second and more virulent wave of COVID-19 is currently on in the country and is likely to impact the coming quarters. The consumer demand will take a hit due to the ongoing COVID-19 wave and subsequent lockdowns,” said Senior Research Analyst Prachir Singh in press release.

Xiaomi helped by its expanded manufacturing capacity

As of March 2021, Chinese smartphone vendors controlled 75% of the smartphone market in India.

Xiaomi led the race with a 26% market share. Samsung is in the second spot with a 20% market share. Vivo, Realme and Oppo had 16%, 11%, and 11% market shares, respectively.

"Xiaomi has recently expanded its manufacturing capabilities with new EMS partners, which helped the brand maintain strong shipments during the quarter,” Counterpoint Research analyst, Shilpi Jain, said.

Market share of smartphone brands in India, Q1 2021

(Image credit: Counterpoint)

On Xiaomi, the report noted that the company recorded a 4% YoY growth in the first quarter. Redmi 9A was the best-selling model during the quarter. 

Samsung remained the second-largest brand in India’s smartphone shipments with 52% YoY growth driven by its focus on the budget segment with the new M02 series and multiple other launches.

Samsung maintained a high number of new product launches in its Galaxy M-series, Galaxy F-series as well as the Galaxy S21 series during the quarter.

Vivo holds strong at third position

Vivo grew 16% YoY and held the third position in Q1 2021. Vivo continued to be the leading smartphone player in the offline segment.

Realme launched its 8 series, OnePlus announced its 9 series and Xiaomi launched its Redmi Note 10 series that has started well.

Apple witnessed 207% YoY growth in Q1 2021. The brand maintained its leading position in the premium segment (>Rs 30,000) with almost 48% share. "Strong demand for the iPhone 11 coupled with aggressive offers on the iPhone SE 2020 and expansion in ‘Make in India’ capabilities are the driving factors in this growth. Apple also registered more than 1 million shipments for two consecutive quarters for the first time."

Overall, India’s mobile handset market (including feature phones and smartphones) recorded an 18% YoY growth. 

The feature phone market recorded a 14% YoY growth during the quarter, driven by strong shipments of Reliance’s JioPhone under the new model and subsequent promotions. Itel led the segment with a 21% market share.

Source



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