The Indian pill market witnessed development on a quarter-on-quarter foundation within the final quarter of 2023. CyberMedia Analysis (CMR) of their Pill PC Market Report Overview for This autumn 2023 famous that the pill shipments for This autumn 2023 grew, pushed by a robust demand for 5G tablets. Tablets with solely Wi-Fi connectivity additionally carried out nicely within the quarter, seeing a quarterly rise in shipments in addition to accounting for a majority of the market share. A number of the main pill manufacturers as per the report have been Apple, Lenovo and Samsung.
As per the CMR report, in This autumn 2023 the entire pill shipments in India grew 21 p.c on a quarter-on-quarter (QoQ) foundation. Shipments for 5G network-supported tablets elevated 43 p.c on a year-on-year (YoY) foundation, whereas tablets supporting solely Wi-Fi connectivity rose 13 p.c YoY, the latter accounting for 52 p.c of total shipments. The report added that shipments for the premium pill phase, i.e. fashions starting from Rs. 20,000 to Rs. 30,000, noticed a 95 p.c leap QoQ, exhibiting a shift of the market in the direction of high-end units.
Apple retained its lead market share clever with 25 p.c, the report claimed. This was boosted by the rising demand for the corporate’s iPad 10 and iPad 9 collection fashions, in accordance with the report. Lenovo claimed the shut second spot with a 24 p.c market share, with the Lenovo Tab M10 and Lenovo Tab M9 being the corporate’s lead fashions in India prior to now quarter, the report famous.
Trailing behind Apple and Lenovo, South Korean tech big Samsung grabbed the third spot in pill shipments in This autumn 2023 with a 19 p.c market share. The most well-liked fashions from the model have been the Samsung Galaxy Tab A7 Lite and Galaxy Tab S6 Lite, in accordance with the report.
For the calendar yr 2023, the pill market in India witnessed a 14 p.c YoY decline in shipments, as per the report. Nevertheless, 5G pill shipments grew 48 p.c YoY within the calendar yr. The report additionally famous that though there was an total decline in pill shipments, the expansion of 5G pill shipments suggests a possible shift in shopper preferences throughout the pill market.
Within the forecast for 2024, the report mentioned that the Indian pill market will see a gentle 5-10 p.c development pushed by technological developments, various product choices, and evolving shopper preferences.
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