17.8 C
Delhi

Xiaomi may surpass Huawei and become the Third-Largest Smartphone Maker by end of the year

Chinese smartphone maker Xiaomi Communications Co., Ltd. might take the third spot from Huawei and become the third-largest smartphone company in the world by the end of 2021, according to a new report by research firm Strategy Analytics.

Xiaomi, who currently leads India’s smartphone market, will surpass its Chinese counterpart and rival Huawei this year, the report said. Currently, the third largest smartphone maker in the world, Huawei has been exposed to sanctions imposed by the US that have made the future of its business uncertain.

“For 2021, we believe Xiaomi will emerge as the third-largest global smartphone vendor surpassing Huawei. Xiaomi has been performing well in the India and Russia markets, and has also been very aggressive in Central & Eastern Europe and Western Europe,” said Abhilash Kumar, smartphone analyst at Strategy Analytics. Linda Sui, Senior Director at Strategy Analytics, said 2021 will be the “year of Chinese smartphone vendors”, which includes companies like Xiaomi, Vivo, and Oppo.

The three vendors are expected to become the top three players in the Asia Pacific region, “driven by aggressive marketing, expanding channel footprints, and competitive pricing.”

Further, Transsion Holdings, which is a manufacturer of mobile phones based in Shenzhen, China, and runs brands like Itel, Tecno, and more, is expected to surpass South Korean tech giant, Samsung, in Africa and Middle East regions. In 2021, the global smartphone market will rebound and grow by 6.5% to reach 1.38 billion units. The growth is expected to be due to the proliferation of 5G smartphones and the boom in the global economic situation after the pandemic.

India’s smartphone market]registered a record 100 million shipments in the second half of 2020, according to a February report by Cybermedia Research (CMR), Chinese smartphone vendor Xiaomi currently leads this improving Indian market. The report said 27% of the market share in India is owned by Xiaomi, followed by Samsung at 20%. The next three spots were occupied by Chinese makers Vivo, Realme, and Oppo, with 14%, 11%, and 10% market share, respectively.

SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Popular

TechnoSports-Ad

Related Stories

More from author

Top 5 players with the most goals for Indian national football team

Football is still a sport that is on the rise in India, with it still finding its feet among the public, though in recent...

Top 10 Richest Football Club Owners in the World in 2024

Football, one of the most popular sports with an estimated 4 billion fans worldwide, is not just a sport anymore but has also turned...

Top 10 Most Popular Sports in the World in 2024

Here we bring to you the Top 10 Most popular sports in the world From our early childhood years when we take sports very seriously...

Top 10 Semiconductor Foundries of The World in 2023

Know the Top 10 Semiconductor Foundries in the world here as of 2023 A semiconductor foundry, also known as a fab or se­miconductor fabrication plant,...