ENA Sectors 2023-10-04 12:37:14 <p><span style="font-size:14px"><strong>New Delhi, Oct 4 (KNN)</strong> India is likely to export about 22% of its total assembled mobile phones in 2023 as the second-largest manufacturing hub for mobile phones, as per Counterpoint Research. </span></p> <p><span style="font-size:14px">India is now the second-biggest manufacturing hub for mobile phones due to heavy investment from OEMs, ODMs, and companies dealing in components and parts. India is expected to export about 22% of its total assembled mobile phones in 2023. However, Chinas manufacturing and supply chain will still maintain its essential role in the longer run, said Senior Research Analyst Ivan Lam in a report released Tuesday. </span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">As per the research firm, smartphone shipments from Original Design Manufacturers/Independent Design Houses (ODMs/IDHs) declined 6% year-over-year in H1 2023.</span></p> <p><span style="font-size:14px">Senior Research Analyst Shenghao Bai said, The year-over-year decline in ODM/IDH companies H1 2023 shipments was driven by Samsung, Xiaomi and Lenovo Groups weak performance. However, Vivo, Honor and Transsion Groups rise offset part of the decline.</span></p> <p><span style="font-size:14px">Huaqin, Longcheer and Wingtech continued to dominate the competitive landscape of the global smartphone ODM/IDH industry in H1 2023. The companies, also known as the Big 3, accounted for 76% of the global ODM/IDH smartphone market in the first half of 2023.</span></p> <p><span style="font-size:14px">Lam said the big 3 companies witnessed declines in the six months ending June 2023. He noted that Huaqin experienced a relatively smaller decrease and took the leading position. Longcheers shipments were impacted by Xiaomis performance but eased by the soaring orders from Vivo.</span></p> <p><span style="font-size:14px">Wingtech saw similar declines as Longcheer but still received modest orders from Samsung, Xiaomi and Oppo Group, he added.</span></p> <p><span style="font-size:14px">Bai, in turn, for tier-2 ODMs, said that Tinnos shipments continued to grow steadily due to its loyal client base of major carriers and local kings. </span></p> <p><span style="font-size:14px">Transsion Groups good performance has been bringing a concrete boost to MobiWire and Innovatech, which have collaborated with the group for years. Their product offerings and supply chains are giving the group cost and quality advantages in its major target markets, he said. <em><strong>(KNN Bureau)</strong></em></span></p> 35009 https://knnindia.co.in/news/newsdetails/sectors/india-to-export-22-of-assembled-phones-in-2023-from-total-production-report 2023-10-04 12:37:14 knnindia.co.in