Bhubaneswar, March 19, 2021: Xiaomi is ruling the Indian smartphone space for years now. According to a latest report coming from Strategy Analytics, the Chinese smartphone manufacturer could beat Huawei to take the third spot in the world’s smartphone space in 2021. The research says soon Xiaomi will become the third largest smartphone vendor surpassing Huawei”.
The report sees the company doing well in Asia-Pacific, Central & Eastern Europe and Western Europe.
Xiaomi to become third largest smartphone manufacturer
According to reports from Strategy Analytics, Xiaomi will become the third largest smartphone vendor in the world in 2021. It could beat Huawei to take the third spot in the world’s smartphone space in 2021. Abhilash Kumar, Smartphone Analyst at Strategy Analytics, said, “For 2021, we believe mi 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.”
Xiaomi to become third largest smartphone manufacturer, Oppo & Vivo expanding global footprint
Though the reports say Xiaomi to become third largest smartphone manufacturer, the report also sees 2021 to be the year of Chinese vendors, Oppo and Vivo expanding their global footprint alongside mi.
mi, who leads India’s smartphone market, will surpass Chinese competitor Huawei this year, the report said. The telecom giant is currently the third largest smartphone maker in the world, but recent US sanctions have made the future of its business uncertain.
Commenting on the regional outlook of the Chinese vendors, Linda Sui, senior director at Strategy Analytics, said, “2021 is going to be the year of Chinese smartphone vendors. In Asia Pacific, Vivo, Xiaomi and OPPO will become top three players driven by aggressive marketing, expanding channel footprints and competitive pricing.”
Global smartphone market
Transsion Holdings, which runs brands like Itel, Tecno and more, is expected to surpass South Korean electronics giant, Samsung, in the Africa and Middle East regions. The global smartphone market will rebound in 2021, growing by 6.5% to reach 1.38 billion units. The growth is expected to be driven by the proliferation of 5G smartphones and improvement in the global economic situation after the pandemic.
Xiaomi leads India’s smartphone market
Chinese smartphone vendor Xiaomi currently leads India’s smartphone market, which registered a record 100 million shipments in the second half of 2020, said a February report by Cybermedia Research (CMR). The report said Xiaomi owns 27% of the market share in India, followed by Samsung at 20%. Vivo, Realme and Oppo took the next three spots, with 14%, 11% and 10% market share, respectively.
The Strategy Analytics report further adds that Transsion Holdings, which runs brands like Itel, Tecno and more, could surpass Samsung, in the Africa and Middle East regions. Notably, in India, Xiaomi has been ruling the smart TV space alongside the smartphone segment.