India is the second largest mobile handset market in the world (after China), and is poised to become an even larger market. Revenues of the Indian mobile handset market grew by 15% to touch USD 6.75 Billion in 2010-11 from USD 5.88 Billion a year back.
The mature Indian mobile consumers' increasing preference for high-end handsets and the younger demographics' desire to use mobile Web technologies could see the smartphone markets revenues soar.
Trends in the Industry
• Emergence of Multi-SIM smartphones
• Shift in the OS
• Faster Processor
• Near Field Communication
Smartphone shipments are expected to rise sharply from 11.2 million units in 2011 to 73.4 million units in 2015E comprising 25% of the total mobile handsets market in India. Growth in smartphones is likely to surpass the overall growth in the mobile handset industry. The segment is anticipated to continue its ride with a CAGR of 60% during 2011-2015, while the mobile handsets will register a CAGR of 13% in the same period.
For more information kindly visit : Smartphone Industry in India