The first edition of MAG took place in Bengaluru - the Silicon Valley of India from 10th to 12th March 2022. Home to some of the best domestic and international technology companies in India, the city of Bangalore proved to be the perfect fit for the first edition of MAG.
The 3-day power packed exhibition witnessed over 56 leading Indian companies in the Mobile Accessories and Gadgets manufacturing space as exhibitors. With each exhibitor allotted a dedicated stall of their own, they each displayed numerous brands of products under various labels. Companies also presented products that were developed, manufactured, and assembled within the country, in line with the government's Make in India initiative.
It is predicted that by 2022 India will have over 830 million smartphone users, making it one of the largest smartphone markets in the world. The Indian subcontinent is one of the biggest & fastest-growing markets for the mobile phone & accessories industry with a growth rate of 17% YoY. This industry has witnessed a surge of 26 % amounting to the shipments of 38.8 million units of smartphones in Q1 2021. The rapidly increasing use of smartphones and mobile-enabled devices is a major factor in boosting the demand for mobile accessories and gadgets in India. This trend is expected to continue for several years to come as India continues to witness digitisation that is not only changing the lives of the urban population but creating a massive change in the lives of the rural population as well.
The market for mobile accessories in India is expected to reach INR 35,000 crores ( USD 3.54 Bn) by the end of 2024 growing at a CAGR of 10.5%. The rising young age population with a disposable income, steady decline in smartphone prices, increased internet penetration and the increasing focus on a more digitised lifestyle are some of the key factors that have created a conducive environment for this industry’s growth. Along with this, the latest turn of events has brought to the fore the power of digitisation and the importance of access to the same in the most remote parts of the country. We have witnessed a time when professionals have sat in the most remote parts of India and conducted business with their clients across the globe. Thanks to smartphones and varied mobile accessories and digitisation many individuals have been able to adapt to the new normal. From students attending online schools to grocery being brought online, smartphones have come to our rescue and how!
“The idea to participate was to get access in the South market and we are extremely happy with the response we have received. The event was organised very professionally”
“I am extremely happy to have been part of the MAG World Expo; as it is a first-of-its-kind exhibition concerning the very niche mobile accessories and gadgets industry. The organizers have done a great job by bringing together some of the fastest-growing mobile accessory brands to showcase their products and offerings. This proved to be a great networking opportunity for mainline distributors and retailers from across the south-Indian market. As this industry continues to grow, it is events like this that help boost its growth to greater heights. Kudos to the team at Virgo Communications!”
“MAG World Expo is a great initiative to set up this platform to address the mobile accessories and gadgets industry and where it is headed. With this event, Virgo Communications has created a great environment where manufacturers, designers, OEMs, and ODMs can come together and showcase the offerings they have for an end-consumer. This exhibition is sure to hugely benefit every one part of the mobile accessories and gadgets industry, and I would like to congratulate the organizers on the same.”
“The organizers have done a MAG-nificent job creating this amazing platform for all the exhibitors who are looking to expand across the horizons of India, and the globe. I would like to congratulate them on this first-of-it's-kind initiative, and we look to furthermore and greater collaborations in the years to come.”