India Smartphone Market : Analysis and Opportunity Assessment 2018-2023
Market Reports on India Provides the Trending Market Research Report on “Smartphone Market in India (2018-2023)” under Smart Phones & Mobile Devices category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. Consumer preference towards mobile devices is changing, and the young generation these days tend to replace television with smartphones. This is proving to be conducive for the growth of the smartphone market in India. With a 14% yearly market growth since 2016, India is the fastest growing smartphone market globally. Market insights: Based on volume of shipment, the Smartphone Market in India is expected to expand at a compound annual growth rate (CAGR) of ~14.56% between FY 2018 and FY 2023 to reach a value of 277 Mn units by FY 2023. The Indian government’s ambitious ‘Make in India’ campaign is encouraging domestic and foreign companies to set up production facilities within the country. ...