MAG World Expo is a new way of business for mobile phone manufacturers company in India

Mobile phone industry in India

October 11-10-2021

Today, mobile phones are an indispensable part of our lives. We cannot imagine a normal day without the company of our mobile phones that help us stay connected, stay entertained and also help get our work done. The number of gadgets that are reliant on mobile phones continue to grow making our lives simpler every day. From having access to your security camera to monitoring your health on your smartphone, a lot can be done on our mobile phones. Accessories like smart watches further ease our lives and help us stay ahead of our schedule at all times.

There used to be a time when a prepaid sim would cost over ₹4000 and call would cost ₹17 per minute. The year was 1995, and the first call made via a mobile phone in India was on a now basic but legendary Nokia mobile phone. This was the beginning of the telecom revolution in India and over the last 26 years, the mobile phone industry has grown by leaps and bounds. Today, India has one of the lowest tariffs in the world, with internet and mobile access offered to the distant corners of the subcontinent. India continues to rank as one of the largest markets for smartphones and is also home to manufacturers of mobile phone, accessories and gadgets reliant on smartphones. With global technology companies establishing themselves in India, India is not just a consumer but also a flourishing manufacturer. In 2019, India surpassed the US and became the second largest smartphone market with 158 million shipments in 2019 alone. There is a raising demand for economically priced smartphones and accessories that are not only used by the urban population but are much sought after by the rural population as well. Many manufacturers in India are not keen to produce indigenous products that are within the reach of the Indian masses.

We as Indians had access to about 75 brands and 3,400 models of mobile phones in the year 2019 with more additions ever since. While the budget friendly brands saw great success, the luxury brands in the mobile phone industry continued to thrive as well. This rightly points out that India is a great market for both budget friendly devices and for the high-end ones. The total number of mobile manufacturing units in India has increased handsomely from just 2 units in 2014 to 268 units in 2019. This sector employs over 0.67 million people and it was estimated that almost 96% of the mobile phones that will be sold in India will indigenously manufactured by 2020. The United Nations Conference on Trade and Development (UNCTAD) reported that India exported mobile phones worth of $1.9 billion in 2018 and continues to grow as an exporter for all things associated with smartphones. It took this sector only five years to achieve this success, and one can be assured that this trend will continue for many years to come.

Observing this growth and the promising potential that this industry has, it became crucial for the industry to have a dedicated platform where retailers and manufacturers could meet, network and learn more about the latest technology and offerings in the global market. Virgo Communications & Exhibitions Pvt Ltd thus planned an exclusive event for this industry that is not just changing our lives but the economy of the country as well. With expertise in organising trade fairs for niche segments, Virgo is all set to organized MAG WORLD 2022, the first of its kind trade fair for the mobile phone, accessories & gadgets industry in India. It is envisioned to be a platform for Indian businesses to come together to form successful business alliances to cater to customers across the country with a special focus on the South Indian market. If you are associated to the mobile phone industry, then there is no way that you can miss this event. Register now!