With as many mobile users as the entire population of the United States, India is the most popular destinations for mobile companies. The number of mobile phone users in India is estimated at 44 crores in 2022. And this makes India the world’s second largest smartphone market after China.
Mobile companies in India sold about 13.4 crores smartphones in 2017. Our country ranks the second in Asia Pacific region if we talk about the average time spent on the mobile web. A combination of high sales volume and converting consumer behaviour has turned India a goldmine for foreign vendors.
However, the mobile phone companies in India face competitions with major international players because the market is consistently in a state of flux. Several Chinese vendors are strengthening their grounds accounting for 53 per cent of total market share in 2017. Forecasts predict that the smartphone shipments in India are to increase to about 70 crores in 2020 which is way higher than 80 lakhs in 2010.
If we talk about the market value, the domestic manufactured smartphones in India was worth about $490 billion in fiscal 2016. It was huge in comparison to $175 billion in 2015. However, the huge competition has accounted for the reduction of average selling price which decreased from $254 in 2011 to $132 in 2015.
Considering this outstanding development of the smartphone market in India, we have compiled a list of top 10 mobile brands in India. The list is based on the total revenue posted and is constantly updated from time to time.