Top five brands captured 82% of the total smartphone market; OnePlus (284%), Honor (188%) and Xiaomi (112%) were the fastest growing smartphone brands annually.
New Delhi, Hong Kong, Seoul, London, Beijing, San Diego, Buenos Aires –
July 24th, 2018
According to the latest research from Counterpoint’s Market Monitor service, the India smartphone market returned to double digit growth (18%) YoY after flat first quarter growth. The feature phone market continues to outpace the smartphone market with a YoY growth of 21%.
Commenting on the findings, Anshika Jain, Research Analyst stated, “India's smartphone market returned to double digit growth during the quarter and is likely to grow in double digits for the entire year. Growth during the quarter was driven by new launches and strong promotions across both online and offline channels. Smartphone brands leveraged the Indian Premier League (IPL) 2018 season, as they timed their new launches and campaigns around the same with a slew of offers across multiple channels”
Commenting further Ms. Jain noted, “As volume-share of the top five players combined exceeded 80%, local and smaller players were forced to change their strategies, which involved changing channels and product strategy along with cutting the number of SKUs. Additionally, the increase in duties for handset components announced during the beginning of the quarter, forced smaller players to delay product launches as they didn’t have the necessary operations to save on the increased tariffs for certain components, like populated printed circuit boards, mechanics and others”
Commenting on the brand performance, Karn Chauhan, Research Analyst stated, “Samsung has regained the leading position after ceding it to Xiaomi two quarters ago. The success of Samsung during the quarter can be attributed to its refreshed J-series; it launched more models than any other brand, across multiple price points, during the quarter. These new launches brought some of the most popular and sought-after features like, dual camera, infinity display, and facial unlock to different price segments for Samsung for the first time ever. Additionally, the strong offline distribution and aggressive marketing campaign around its J-series helped Samsung to gain not only market share but also mind share, during the quarter. 2H 2018 is likely to be a close race between Samsung and Xiaomi -- especially during the upcoming festive season”.
Exhibit 1: India Smartphone Market Share – Q2 2018
Source: Counterpoint Research Market Monitor Q2 2018
Note: *OPPO includes Realme
Exhibit 2: India Featurephone Market Share – Q2 2018
Source: Counterpoint Research Market Monitor Q2 2018
Market Summary:
Top Selling Models:
Exhibit 3: India Top Five Smartphone Models Market Share – Q2 2018
Source: Counterpoint Research Market Monitor Q2 2018
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The Market Monitor research is based on sell-in (shipments) estimates based on vendor’s IR results, vendor polling triangulated with sell-through (sales), supply chain checks and secondary research.