India set to surpass USA as world’s second largest smartphone market
The mobile industry is booming more than ever, no doubt, but with the way things are moving, India is expected to surpass the US smartphone market in a matter of two years time.
China remains the number one market when you talk of smartphone shipments and sales. The United States is ranked second while third-ranked India, also the second-fastest growing mobile economy (second to Japan), is expected to exceed the US in sales by 2017.
Strategy Analytics, the research firm behind these numbers, is also expecting a total of about 1.5 billion smartphones to be shipped in 2015, and more than 1.7 billion units between January and December 2017.
“We forecast 458 million smartphones will be sold in China in 2015, rising steadily to 505 million in 2017. China has been the engine of global smartphone growth in recent years, but China is now maturing and slowing. India is fast becoming the next major growth wave.
“We forecast 118 million smartphones will be sold in India in 2015, increasing strongly to 174 million in 2017. India’s growth is being driven by low smartphone penetration, expanding retail availability of devices, wealthier middle-class consumers, and aggressive promotions from local smartphone brands like Micromax” — Strategy Analytics Director Linda Sui.
Sui said that 164 million smartphones will be sold in the United States in 2015, climbing marginally to 169 million in 2017. India is expected to sell 174 million units and overtake the maturing US market to become the world’s second largest smartphone country by volume in 2017.
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