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Tag: Counterpoint research

  • Vedanta, 20 Korean corporations tie up for electronics

    NEW DELHI : Vedanta Group has partnered with 20 present glass corporations from South Korea because it actually works to assemble an electronics manufacturing hub in India, a excessive agency govt said.

    The Anil Agarwal-led group signed agreements with these corporations on the present Korea Biz-Trade Show 2023 event, organized by the South Korean authorities’s commerce promotion arm.

    “More than 50 corporations have confirmed their curiosity in partnering with us and we’re blissful to announce that we have got signed memorandums of understanding (MoUs) with 20 Korean corporations engaged throughout the electronics manufacturing price chain,” said Akarsh Hebbar, worldwide managing director of Vedanta’s semiconductor and present enterprise. Vedanta is establishing a semiconductor plant in Gujarat in a 3 means partnership with Taiwan’s Foxconn.

    Hebbar moreover invited additional corporations to confederate for the electronics hub. He said the hub has the potential to attract larger than 150 corporations and would possibly generate larger than 100,000 direct and indirect jobs in the end.

    Vedanta’s greenfield present fab will possible be part of the proposed electronics hub, added Hebbar. Last December, Vedanta signed agreements with 30 Japanese companies all through a roadshow in Japan, which was attended by delegates from 100 corporations.

    Vedanta’s present manufacturing enterprise is led by its unit Avanstrate Inc, which makes specific glass utilized in LCD panels and has manufacturing operations in South Korea and Taiwan. The company may also be engaged on creating wafer glass, ultra-thin glass, and glasses for AR/VR.

    India is rising as a producing trip spot for electronics. To make certain, India’s revenue share of the semiconductor factor market is predicted to clock a compound annual progress value (CAGR) of 19% to $300 billion in 2026 from $119 billion in 2021, based mostly on an August 2022 report by India Electronics & Semiconductor Association (IESA) and Counterpoint Research.

    In December 2021, the Indian authorities licensed a ₹76,000 crore production-linked incentive (PLI) scheme to attract worldwide semiconductor and present producers to rearrange fabs and present manufacturing objects in India.

    In addition to Vedanta-Foxconn’s plans, International Semiconductor Consortium (ISMC), a 3 means partnership between UAE’s Next Orbit Ventures and Israel’s Tower Semiconductor, are moreover working to rearrange a fab in Karnataka.

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  • InMobi unit Glance goes Live to lure extra customers on its lock display screen

    Senior executives on the unicorn, which is backed by SoftBank Group, consider that is the “subsequent huge frontier for content material consumption on the web” after textual content, photos, and long- and short-form movies.

    Glance Live “is a really genuine, actual and fascinating content material format for Gen Z to start with,” Piyush Shah, co-founder of InMobi group and Glance president and chief working officer, asserted in an interview on Sunday. The transfer gained tempo due to the pandemic, the place individuals had been within the digital world however had been craving to expertise the offline world.

    All Live interactions will happen on Glance lock screens or the so-called ‘screen-zero platforms’ that now come pre-installed on new Android smartphones in India for manufacturers comparable to Xiaomi, together with POCO, Samsung, Vivo and Oppo.

    Glance achieved 150 million lively customers in India within the second quarter of 2021, based on Counterpoint Research’s Quarterly Mobile Application Tracker launched on 21 September. This was an 8% enhance over the earlier quarter. “One in each 4 Indian smartphone customers is now lively on the Glance platform, which gives an interactive lock display screen expertise to Android smartphone customers,” the analysis word mentioned.

    Glance has 18 content material classes, together with sports activities, motion pictures, commerce, gaming, well being and training, and is accessible in eight Indian languages, in addition to Bahasa (Indonesia) and Thai (Thailand).

    The lock display screen has a bonus as a result of “it’s a actual property that’s with you more often than not within the day”, Shah said. “Our lock screen has a very low opt-out rate,” he claimed.

    The three-year-old Glance acquired quick video platform Roposo in 2019, purchased e-commerce platform Shop101 in June, and launched a three way partnership firm, Glance Collective, in July with Collective Artists Network to co-create manufacturers with celebrities and high creators.

    The startup’s enterprise mannequin contains three broad areas, together with cellular promoting, creator- or influencer-driven commerce, and digital commerce. Glance plans to introduce digital commerce within the “subsequent three months or so”, based on Shah.

    The unicorn additionally makes environment friendly use of synthetic intelligence and machine studying to personalize and automate content material throughout classes. It has automated about 95% of all content material on Glance. The group has 60-70 information scientists, with the quantity prone to rise to “200-300 within the subsequent 2 to three years”, Shah mentioned.

    “InMobi by way of Glance, Roposo and Shop101, is staying on high on shifts in promoting, engagement and commerce. As actually thousands and thousands of apps vie for restricted display screen actual property on a shopper’s smartphone, the so-called screen-zero apps or lock-screen apps are the subsequent frontier for entrepreneurs and Glance is well-positioned there,” contended Kashyap Kompella, chief govt officer of know-how trade analyst agency RPA2AI Research.

    Glance, funded by Google and Mithril Capital, has round 1,200 workers, or almost 48% of all workers in preliminary public offering-bound InMobi group. However, the advertising and marketing cloud and telco cloud (earlier referred to as TruFactor) segments of InMobi nonetheless account for almost 90% of the group’s income.

    “Glance is early in its monetization journey and, therefore, it’s a very small proportion of InMobi group’s complete income numbers,” Shah mentioned.

    That mentioned, is Reliance Industries Ltd mulling an funding of about $300 million in Glance, as media stories recommend? “I might not wish to touch upon that. It’s simply hypothesis. I believe we’re all out to make Glance’s ambition huge globally and we are going to, after all, be at all times in search of the best alternatives to accomplice,” Shah mentioned.

    “I’d say we simply raised cash in December ($145 million, led by Google and participation from present investor Mithril Capital). So, there isn’t any actual want for brand new funding,” he mentioned

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  • True wi-fi earbuds register 68% progress in Q2 in India

    NEW DELHI: The true wi-fi headphone market in India grew by 68% year-on-year within the second quarter of 2021, says a brand new report by market evaluation agency Counterpoint Research. 

    Homegrown boAt led the marketplace for the fourth quarter in a row, with a 37% market share. Another homegrown model, Noise, grew by 117% and entered the highest 5 sellers within the TWS house in India.

    Players need to make these units domestically to reap the advantages of the federal government’s PLI (Production-Linked Incentive) scheme,” said Anam Padha, research associate at Counterpoint. Brands like Mivi and boAt have launched made-in-India products, while Aiwa is exploring a “similar possibility”.

    The true wi-fi market in India has been rising exponentially over the previous couple of years. Counterpoint reported a 656% progress for the sector in June final yr, with Chinese model Realme and Xiaomi, and Samsung-owned JBL accounting for 57% of the market. Analysts have attributed the expansion to the rising work-from-home use instances within the nation, though the variety of sellers within the phase additionally grew this yr.

    “We have seen an outstanding change in India’s TWS market with the entry of latest gamers and frequent new launches. More than 40 manufacturers have entered this market since 2020. In the subsequent quarter, we’ll see the entry of extra manufacturers (like Nothing Ear, Dizo and Micromax) throughout value tiers to seize a bigger share of this untapped market,” stated Anshika Jain, senior analysis analyst, Counterpoint. 

    “Some of the brand new entrants in Q2 2021 had been Lava, Aiwa and TCL. Low-cost choices have offered the required increase to this phase. The share of ₹1,000-INR 2,000 value band grew to 60% of the general shipments in Q2 2021 in comparison with 25% in the identical quarter final yr,” she added.

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  • India smartphone gross sales set document, however COVID-19 surge to hit demand: Report

    BENGALURU: India’s smartphone gross sales set a document for the January-to-March quarter this yr, however a large second wave of COVID-19 infections will hit future gross sales on the planet’s No.2 smartphone market, a analysis report confirmed on Monday.

    Indians purchased extra smartphones in the course of the interval because of pent up demand after a pandemic-ravaged 2020, sending telephone shipments up 23% year-over-year to greater than 38 million items, the very best gross sales for any first quarter, analysis agency Counterpoint stated.

    “These numbers should be taken with caution… consumer demand will take a hit due to the ongoing COVID-19 wave and subsequent lockdowns,” Counterpoint analyst Prachir Singh stated.

    The analysis comes as India battles a large surge in COVID-19 infections, which has spurred lockdowns in lots of areas and pressured the nation’s well being system.

    China’s Xiaomi Corp continued to be the highest model favoured by Indian consumers with a 26% market share, adopted by South Korea’s Samsung, Counterpoint stated.

    Overall, Chinese manufacturers managed 75% of the Indian smartphone market, the analysis confirmed.

    Meanwhile, Apple tripled its Indian gross sales within the first quarter of 2021, sustaining a number one place within the premium smartphone phase due to robust demand for the iPhone 11 and reductions on the iPhone SE.

    Apple bought greater than 1 million iPhones in India – the world’s largest smartphone market after the United States – for 2 straight quarters for the primary time, Counterpoint added.

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  • Apple shipped over 1.5 million iPhones in This autumn 2020 in India: Counterpoint Research

    Despite stiff competitors from Samsung and OnePlus within the high-end smartphone market, Apple’s market share in India continues to develop. New knowledge from Counterpoint Research suggests Apple was the sixth-largest smartphone vendor in India within the fourth quarter of 2020, due to 171 per cent progress. The tech large grew 93 per cent YoY in 2020.
    According to the report, Apple managed to ship 1.5 million iPhones within the nation within the final quarter of 2020.  An improve in gross sales of older-generation iPhone 11 and the newer mid-range iPhone SE has helped Apple develop through the busiest purchasing months in India.

    Over the previous few years, Apple has taken a hyper strategy on this planet’s second-largest smartphone market. Like its opponents, Apple is betting on enormous reductions and cashback affords on iPhone fashions to lure new prospects. Since final yr, Apple can be promoting its fancy merchandise by means of its on-line retailer. The technique appears to be paying for the corporate, which goes after aspirational shoppers who’re able to pay extra for its superior iPhones.
    Apple had its best-ever quarter in This autumn 2020, promoting greater than 1.5 million items, in keeping with Counterpoint Research. (Image credit score: Counterpoint Research)
    Experts say India might be the intense spot when Apple reveals the outcomes of its most up-to-date monetary quarter in an earnings name later within the day. Wall Street analysts anticipate Apple will publish its first-ever quarter with greater than $100 billion in income, pushed by the robust demand for the iPhone 12 sequence in addition to the continued demand for the Mac and iPad through the pandemic. Even although Apple not supplies unit-sales metrics, some counsel extra prospects are choosing higher-priced iPhones and extra storage configurations.
    Most tech firms, together with Apple, carefully screens the developments being made within the Indian smartphone market. Xiaomi, Samsung, Vivo, Realme, and Oppo lead the smartphone market within the fourth quarter of 2020, as per Counterpoint. Xiaomi had a 26 per cent market share in This autumn 2020, whereas Samsung got here second with a 20 per cent market share.