According to International Data Corporation (IDC), India's smartphone market grew 8 per cent in 2019, shipping 152.5 million.
India became the second largest smartphone market in 2019 (China is at number one) ahead of the USA. The overall mobile phone market, with annual shipments of 282.9 million units, declined by 12.3 per cent due to fewer 4G feature phones.
The mid-range segment of US$ 200-500 (Rs 14,000-35,000) accounted for the strongest YoY growth of 55.2 per cent, accounting for 19.3 per cent of the overall smartphone market.
The smartphone market is still being led by Xiaomi. vivo has replaced Samsung at number two. The top five is completed by Oppo and realme.
In the mid-premium (Rs 21,000 - Rs 35,000) segment, vivo continued to lead the market with 28.0 per cent share in 2019, on the back of the V15 Pro, followed by OnePlus at 20.2 per cent share owing to the OnePlus 7 model.
In the premium (Rs 35,000+) segment, Apple surpassed Samsung for the leadership position with a market share of 47.4 per cent in 2019, driven by aggressive price drops on previous generation models, bank offers on debit/credit cards, strong e-Tailer sales momentum, and a lower iPhone 11 launch price compared to the iPhone XR.