In 2024, India’s smartphone export industry experienced significant growth, with Apple and Samsung leading the charge, accounting for a remarkable 94% of the total smartphone exports. The rise of “Made in India” mobile phone shipments continues to be a key factor in the nation’s economic landscape, as Indian manufacturers gain momentum in the global smartphone market.
India’s Smartphone Export Growth in 2024
India’s smartphone export market has shown a notable 6% year-on-year (YoY) growth in 2024, further cementing the country’s role as a key player in the global mobile phone manufacturing sector. The surge is driven by increasing production capabilities, government incentives, and the country’s growing stature as a manufacturing hub for international mobile giants.
Apple and Samsung’s Dominance
The two global giants, Apple and Samsung, remain the top contributors to India’s smartphone export growth, together controlling 94% of the market. Apple, in particular, has been ramping up its production in India as part of its strategy to reduce dependency on China, benefiting from India’s Production-Linked Incentive (PLI) scheme that encourages domestic manufacturing and exports.
Apple has made substantial strides in expanding its production of iPhone 15 and iPhone 16 models, which have been major volume contributors to India’s smartphone export growth in 2024. The shift towards “Made in India” iPhones has helped Apple strengthen its position in international markets, particularly in regions like Europe, the Middle East, and Africa.
Samsung, the other key player, continues to lead the charge with its wide range of smartphones being manufactured and exported from India. The South Korean brand’s decision to enhance its production capacity in the country has resulted in a steady increase in shipments.
Tata Electronics Emerges as the Fastest Growing Smartphone Manufacturer
A new contender in the smartphone manufacturing space, Tata Electronics, has made waves in 2024, marking a 107% YoY growth, making it the fastest growing smartphone manufacturer in India. The company, which is part of the Tata Group, has seen rapid growth in both domestic and international markets.
Tata Electronics’ success can be attributed to its ability to tap into India’s expanding production capabilities, benefiting from government incentives aimed at boosting the country’s manufacturing sector. With a focus on both high-end and affordable smartphones, Tata Electronics is expected to further increase its footprint in the global smartphone supply chain.
Factors Driving India’s Smartphone Export Growth
- Government Initiatives: India’s PLI scheme has played a crucial role in attracting investment from global smartphone brands like Apple, Samsung, and others. This has boosted local manufacturing capabilities and increased exports.
- Increasing Manufacturing Capabilities: India has increasingly become a hub for smartphone manufacturing due to its competitive labor costs and the growing infrastructure needed for large-scale production. This has made it more attractive for companies to shift or expand their production to the country.
- Global Market Demand: The growing demand for smartphones in emerging markets, particularly in Africa, Southeast Asia, and Europe, has provided Indian manufacturers with new export opportunities. Indian-manufactured smartphones are gaining popularity due to their cost-effectiveness and quality.
- Localization of Production: International brands like Apple and Samsung are significantly localizing their manufacturing in India, not just assembling devices but also procuring components locally, which further enhances the “Made in India” value proposition.
Future Outlook
With India continuing to grow as a leading hub for smartphone manufacturing, its exports are expected to maintain an upward trajectory in the coming years. The combined efforts of Apple, Samsung, and newer entrants like Tata Electronics will likely keep India at the forefront of the global smartphone production landscape.
India’s growing smartphone manufacturing ecosystem is not only creating jobs but also increasing the country’s share in global exports, thus contributing to economic growth. In the coming years, as more global companies set up shop in India, the export figures are likely to rise, helping India move closer to its goal of becoming a major manufacturing and export hub for mobile phones.
Conclusion
India’s smartphone export market has shown impressive growth in 2024, with Apple and Samsung leading the charge, while Tata Electronics emerges as a significant player in the sector. The combined efforts of both global and domestic manufacturers, supported by government initiatives, have made India a key manufacturing hub. As the country continues to strengthen its position in the global smartphone supply chain, the future of the “Made in India” smartphone export market looks bright.
FAQs
Q1: What is the contribution of Apple and Samsung to India’s smartphone exports in 2024?
A1: Apple and Samsung together account for 94% of India’s smartphone exports in 2024, with both brands significantly increasing their production in the country.
Q2: Which Indian company is the fastest growing smartphone manufacturer?
A2: Tata Electronics is the fastest growing smartphone manufacturer in India, with a 107% YoY growth in 2024.
Q3: How has the Indian government supported smartphone manufacturing?
A3: The Indian government has supported smartphone manufacturing through initiatives like the Production-Linked Incentive (PLI) scheme, which has attracted significant investment from global mobile brands and increased domestic production.
Q4: Which iPhone models contributed most to India’s smartphone export growth?
A4: The iPhone 15 and iPhone 16 models were the major volume contributors to India’s smartphone export growth in 2024.
Q5: What does the future hold for India’s smartphone manufacturing sector?
A5: India is expected to continue growing as a smartphone manufacturing hub, with increasing exports and investment from both global and domestic manufacturers.
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Pari is a passionate writer known for captivating stories that blend imagination and reality. Inspired by travel, history, and everyday moments, Pari crafts narratives that resonate deeply with readers.