The Chinese have captured the second largest smartphone market. Local manufacturers left for the cheap segmen

In recent years, the Chinese smartphone market has been gradually saturated, so local manufacturers have to look for foreign markets. Xiaomi, Oppo and Vivo entered the European market, as well as the markets of Southeast Asia and India.

The population of India is comparable to the population of China. It is currently the second largest smartphone market in the world after China, but it is dominated by mid-range and low-end phones.

In 2014, Indian mobile phones accounted for 54%. Micromax was the largest supplier, ahead of Samsung and other competitors. In just three years, Xiaomi, Oppo, Vivo and other Chinese companies were able to almost completely capture the Indian market, which many local manufacturers left.

At the end of 2017, the share of the Indian Micromax brand fell to 6%, while the share of Chinese smartphone brands accounted for 40%. In 2020, the share of Chinese brands will grow to 70%.

Today, Indian smartphone manufacturers such as Micromax, Lava, Karbonn and others produce devices for up to $ 70.

Xiaomi, Samsung, Realme and OnePlus are leading in India.

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