According to Counterpoint Research, 30% in terms of value and 20% in terms of volume of ‘Made in India’ smartphone shipments originated from the export industry at the time of the peak in 2022. 188 million smartphones made in India and shipped in 2022 represented a 3% YoY decline (January–December).
According to a recent analysis, Apple’s “Made in India” shipments increased in value and volume by 162% and 65%, respectively, over the previous year. the brand’s value share increased from 12% in 2021 to 25% in 2022 as a result.
The export percentage of “Made in India” smartphone shipments allegedly hit a record high of 30% in terms of value and 20% in terms of volume in 2022, according to Counterpoint Research.
Overall shipments of smartphones made in India declined by 3% from one year to the next, reaching 188 million units in 2022. (January-December).
Consumer demand fell as a result of macroeconomic headwinds, particularly in the second half of the year, which was the main cause of this decline.
“Foxconn, Hon Hai, and Wistron were Apple’s EMS (electronics manufacturing services) partners and had the two fastest growth rates among the top 10 manufacturers in Q4 2022. Rising Apple exports were another factor in the growth “Senior research analyst Prachir Singh made a statement.
In Q4 2022, Samsung passed OPPO to take the lead as the leading smartphone producer. The supply problems in the entry-level market caused a 31% year-over-year drop in OPPO’s manufacturing shipments.
Foxconn, Hon Hai, Wistron, and Pegatron, all of which collaborated with Apple’s EMS, were among the top 10 EMS suppliers in India in terms of volume in 2022. Wistron and Foxconn were the market leaders in terms of value, according to Singh.
The PLI incentive that was offered to both of these producers was included in these most recent payments.
In terms of shipment, OPPO outran OEMs with a market share of 22% for “Made in India” smartphones in 2022. Samsung finished in second.
Tarun Pathak, research director, believes that 2022 has been a generally beneficial year for localization and manufacturing in India.
“Shipments of goods produced in-country in 2022 were driven by rising exports from Apple, Samsung, and other OEMs, which somewhat mitigated the effects of declining domestic demand. Overall local manufacturing has increased as a result of recent government PLI incentives and other initiatives at both the central and state levels, “Pathak made a remark.
According to the article, rising exports from Samsung and Apple could eventually result in the nation benefiting from the PLI system.
