India Smart Phone

February, 2023 MAKE The Indian smartphone industry is on the rise IN The high adoption of mobile technology, particularly INDIA smartphones, in India has made it an attractive market for smartphone manufacturers. The country has the \"Everything on Mobile\" era highest mobile data consumption worldwide, with people from all age groups using smartphones to 5G is going to change the industry and access the digital economy. Smartphones have become pretty much have mobiles at the core of versatile devices, replacing other gadgets like cameras any digital experience. With a mobile-first and music players. India is projected to have 600 marketing approach already, India is million smartphone users by 2022, while the global already on its path to experiencing the number of users is expected to exceed 1.5 billion by full potential of 5G.The Indian market has 2040, by Statista 2023. been eager for 5G, and with the networks now available, a significant number of The advent of mobile phones has unlocked a realm of people are upgrade their 4G devices in opportunities for Indians, empowering them to 2023. With applications such as remote execute vital functions like communication, education, healthcare and high-speed gaming, 5G is transportation, emergency management, e-commerce, expected to be the fastest-adopted and government interaction. A notable portion of the mobile technology. Indian populace utilizes social media applications like YouTube, WhatsApp, Facebook, Instagram, Twitter, and Telegram, with news being a vital aspect of their usage. Besides, news aggregator apps and platforms like Google News, Daily Hunt, Inshorts, and NewsPoint have emerged as significant sources of news, cherished for their convenience. The initiatives by the Indian government are poised to revolutionize the manufacturing and usage of smartphones. India has emerged as the world’s second-largest mobile phone manufacturer as its production of devices in terms of value has grown by over two times in financial year 2022.The Indian government's \"Make in India\" policy has also helped to grow the country's mobile phone industry tremendously. The PLI Scheme for large scale electronics manufacturing, notified by the Ministry of Electronics and Information Technology (MeitY) in April 2020, proposed an outlay of Rs 40,951 crore as a financial incentive between FY2021 and FY2026, to boost domestic manufacturing and attract large investments in the electronics value chain, including mobile phones and specified electronics components.

Exhibition INDIA INDIA INDIA INDIA INDIA INDIA INDIA Mobile India Expro 2023 will take place on March 27-29, 2023, at PragatiMaidan in New Delhi, India. Recent Development Rajasthan recently issued a contest to purchase and distribute cell phones to women in 2023. Furthermore, the government's strong support for the BharatNet initiative to fiberize rural and isolated areas by 2025, as well as the proposed USD 10 billion (approximately Rs. 77,600 crores) incentive package to expand semiconductor production in India, are sure to boost smartphone sales in India. Tata Group will soon take over a major plant owned by Taiwan’s Wistron Corp to give India its first homegrown iPhone maker. The company was reportedly in talks with Wistron for months, and the deal is expected to close by the end of March 2023. In Sept 2022, Vedanta launched a $20 billion joint venture to build semiconductor factories in Gujarat. Z3partners raised Rs 550 crore for technology investments in January 2023. The competition among new, existing, and upcoming brands in the smartphone market of India is robust, with over 100 mobile phone brands currently operating in the country and new ones emerging every quarter. Several factors contribute to the market's continuous growth trajectory, such as the low penetration of smartphones, the ease of foreign investment, and the rise of Long-Term Evolution (LTE) technology. For More Details about Information Technology, Telecom & Internet Visit Our Website : https://www.renub.com/information-technology-telecom-and-internet-2-c.php ABOUT US Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets. For more information on us please visit us at www.renub.com +1-478-202-3244 +91-120-421-9822 [email protected]