New Delhi, 10 June (IANS). Globally, smartphone manufacturing output is seen to fall and India’s production is expected to increase in double digits in 2025, which will reach the country’s stock in world output by about 20 percent. This information was given in a report released on Tuesday.
According to Counterpoint Research’s latest global smartphone manufacturing tracker, globally smartphone manufacturing output 2025 is estimated to fall by one percent on an annual basis. The reason for this is the effect of tariff and slowness in the industry. Earlier in 2024, the industry output has seen a rise of 4 percent.
China, India and Vietnam are responsible for more than 90 percent of the global manufacturing output in 2024, with India at the forefront of output growth.
It is expected to perform mixed performances in manufacturing outputs of various countries in 2025. China’s production will be affected due to tariffs, resulting in a decline in production as well as a decline in domestic performance.
The change in global smartphone manufacturing global smartphone manufacturing after the Kovid-19 epidemic has rapidly damaged industry players at every level, including upstream component suppliers to downstream importers and distributors, brands to manufacturers.
Ivan Lam, senior analyst at Counterpoint Research, said, “Brands have no option but to go out of China and allocate more production capacity and output in other countries.”
Lam said that the main winners in the capacity going out of China are India and Vietnam. India has a lot of potential to increase production and Vietnam, which is relatively close to China and is a mature contract manufacturer and exporter for consumer electronics.
India’s entire manufacturing ecosystem is steadily increasing and there is continuous improvement in both productivity and complexity in local manufacturing.
-IANS
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