Mobile phone poduction in India is expected to grow at compund annual growth rate (CAGR) of 28.3 per cent from 31 million units in 2006 to 107 million units in 2011, IT research and advisory firm Gartner. Moreover, mobile phone production revenue is expected to reach $13.6 billion by 2011 from $4.9 billion in 2006, a CAGR of 26.6 per cent, Gartner said in its latest research paper.
The growth would be fuelled mainly by the expanding mobile subscriber base in India and favourable government policies, it said.
At present, mobile phone production in the country is dominated by five global handset vendors — Nokia, Motorola, Samsung, Sony Ericsson and LG. There are few local brands, with low production volumes which are largely focused on low-end and mid-range handsets.
However, Gartner expects new local and global players to enter the mobile phone manufacturing market in India, aided by the global electronics manufacturing services (EMS) providers’ present in India. » Read more after the jump →