Future Of The Mobile Handset Industry
Future Of The Mobile Handset Industry India: Second-largest market for mobile-phone handsets India has emerged as the second-largest market after China for mobile-phone handsets. Major handset makers have taken note, says Business India Intelligence Why the sudden rush to India? ... There are now nearly 22m mobile phones, with GSM cellular by more than 11m in the six months to October 2003. The cellular mobile market is expected to surge to over 50m by 2005. According to Indian cellular Association, the cellular mobile market is expected to grow at a compound average growth rate (CAGR) of 39. ... The growing mobile market is luring foreign equipment manufacturers. ... BenQ of Taiwan became the latest mobile- phone set maker to launch its wares in India. In recent months Bird International of China, DBTEL of Taiwan, Kyocera of Japan and Alcatel of France have all entered or re-entered the Indian mobile handset market. ... Now with drastic reductions in prices and customs duty rates, and customers realizing the need for a legal and guaranteed handset--all mobile phone users must file income tax returns--80% of the phones sold are legitimate. 60% of the approximately 9 million mobile handsets sold in the country are through legal route, the balance come from grey market said mobile handset sellers.