These figures present how robust Chinese corporations are within the Indian electronics market. Chinese corporations have retained their maintain in smartphones, good television, laptops, good bands, smartwatch segments.
For this cause Indian manufacturers comparable to Micromax, Lava, Intex, Karbonn and South Korean handset producer Samsung (Samsung) and LG (LG) and Japan’s Sony firm additionally suffered from China.
Data revealed in Counterpoint Research reveals that China’s share within the smartphone market is rising. In 2019, about 71 % of Chinese corporations have been catching up in India’s smartphone market, which elevated to 81 % within the first quarter of 2020 (January-March).
Smartphones: how is the Indian model
A analysis analyst at Counterpoint reported that Indian corporations accounted for 1.6 % of India’s smartphone market in 2019, which declined to solely 1 % within the first quarter of 2020. Not solely within the smartphone market, but additionally in different segments like Smart TV, Smart Band and Smart Watch, Chinese corporations have maintained their maintain.
Smart Tv: What is the situation of India corporations in Smart TV market
The scenario is totally different within the tv market, the place Indian corporations accounted for 6 per cent in 2018 and elevated to 9 per cent in 2019. But after a slight decline within the first quarter (January-March) of 2020, Indian corporations held an 8.5 % stake.