Indian Smartphone Market To Overtake U.S. By 2017: IDC
NEW DELHI: After a sluggish first quarter, smartphone shipment in India grew 44percent to 26.5 million units in the June quarter as vendors took to online retail to push sales, research firm IDC said.
Also, the market is expected to continue to grow in double-digits over the next few years as people switch to smartphones and gradually upgrade to 4G-enabled phones.
"By 2017, we expect India to overtake USA to be the second largest smartphone market globally," it said in a statement.
About 26.5 million smartphones were shipped to India in the second quarter of 2015, up 44percent from 18.4 million units for the same period last year, IDC said.
"This strong second quarter performance saw smartphone shipments grow by 19percent, following a sluggish first quarter this year," IDC added.
It, however, has not released shipments numbers for the January-March 2015 quarter.
Samsung maintained its leadership in the Indian smartphone market with 23percent share, followed by Micromax (17percent ), Intex (11percent), Lava (7percent) and Lenovo (6percent).
However, the overall Indian mobile phone market shrunk by 6percent in the said quarter on a year-on-year (Y-o-Y) basis.
Vendors shipped 59.4 million units in June quarter compared with 63.2 million units shipped in the second quarter of 2014.
The growth in the smartphone market was helped by vendors using online retail or "eTail" to penetrate the market.
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