Shipments of smartphones are expected to rebound, returning to low-single-digit growth in 2019, according to market research firm International Data Corp. (IDC), which noted that India is one of the key markets that will boost shipments. “India is one of the few markets that has not hit maturity and still has a way to go even in 4G adoption, which will help fuel growth,” the research company said.
“India is definitely on the radar — as of the third quarter in 2018, it has overtaken the U.S. as the world’s second-largest smartphone market,” IDC associate research director Melissa Chau stated. “In 2018, while we still expect China shipments to be roughly three times the volume of India, by 2022, that ratio will shrink to 2:1.” Growth expectations are based on emerging markets.
The U.S. is forecast to rebound in 2019 with 2.1% annual growth after shrinking in 2018.
