‘Made in India’ Smartphone Shipments Grew 7% YoY In Q1 2022: Report

A report by Counterpoint Research has revealed that ‘Made in India’ smartphone shipments grew 7 per cent YoY in Q1 2022 to reach over 48 million units. Despite the global shortages, local smartphone manufacturing ecosystem did well in Q1 2022.

According to the research, smartphone manufacturing is increasing in the country and smartphone shipments have crossed 190 million units. Significant support from government initiatives has contributed to the increase in local manufacturing.

The research shed light on the local manufacturing in India. the third-party EMS (electronic manufacturing services) providers captured 42 per cent share in local manufacturing, registering 4 per cent YoY growth in terms of shipments. Bharat FIH was the top EMS provider in Q1 2022, followed by Dixon Technologies.

It was further revealed that OPPO led the ‘Made in India’ smartphone shipments with a 22 per cent share, followed closely by Samsung at 21 per cent.

“Going forward, we believe India’s handset manufacturing will grow 4 per cent YoY in 2022. Also, the increasing local value addition will drive the idea of ‘Aatmanirbhar Bharat’ (Self-reliant India). The government is focusing a lot on increasing localization, and with the Semiconductor PLI, it aims to make India a prominent destination for semiconductor and electronics manufacturing”, said Counterpoint Senior Research Analyst Prachir Singh.