The mobile phone manufacturing market is a big industry, it has the potential to continue growing and create more markets. The mobile manufacturing market is completely different today, when comparing to any stage in the past. Before, the mobile phone was the device used to make calls with others occasionally. But now, we use mobile phone for so many purposes.
It combines a high-quality screen, highly functional software, and a powerful camera. Now, mobile is the tool to use to connect with friends, to schedule meet-ups, to arrange appointments, and to manage our mails. Also, we use mobile phones to manage our social networks, to share photos, to play games, and to search the web. They can also be used for doing work.
Today, the mobile phone is a complete computer. In fact, now the mobile technology is as powerful as the computer. According to 2019, the largest mobile phone manufacturing country in the world is China. And also China has the highest number of mobile users in the world. China has some of the most important mobile brands in the world. It includes OnePlus, Oppo, Huawei, Honor, Vivo, etc.
Impact of Covid-19 on global mobile manufacturing market
According to data from the International Data Corporation (IDC), global smartphone exports fell 11.7% in the first quarter of 2020. Also in this period (Q1 2020), companies exported 275.8 million smartphones. Exports as a whole fell steadily in the first quarter. There is a constant average decrease of 15%-20% in the last three years. It is the largest annual decrease ever.
There is also a decline in this year. But it is not surprising. This is because the Covid-19 epidemic began in the first quarter of 2020. In addition, the lockdown was in its high level in China. Gradually the coronavirus spread around the world. The biggest drop in the first quarter of 2020 was in China, with exports falling 20.3 percent.
China represents a quarter of world exports, which has had a huge impact on world markets. The world's reliance on China's smartphone distribution network has caused major problems. The United States fell 16.1 percent. And the Western Europe fell 18.3 percent. In this time of Covid-19, the users are more cautious about their spending and as a result, it's hard to imagine that it won’t be affect the smartphone purchases.
The closing of retail stores worldwide has affected all markets of consumer devices, including mobile phones. The Chinese market was better than expected in March, as the number of new Covid-19 cases began to decrease. But the global economic crisis will make a negative impact on consumer sentiment and economy.
Top 3 mobile manufacturing companies
Looking to the future, the mobile companies will face a problem because of lack of customer demand. This list of the best 3 mobile phone manufacturers is based on the data related to manufacturing capabilities and the global market share. They are given below.
Samsung Electronics is the company based from South Korea. Samsung mobile phones and smart phones are very popular in worldwide. The latest technology and the simplest features made it one of the most trusted and popular brand in the world.
Their important model includes Galaxy S10 Plus, Galaxy S10, Galaxy Note 9, Galaxy S9 Plus, Galaxy S9, Galaxy Note 8, Galaxy A8 Plus, etc. Samsung had 31.38% Global Market Share in 2019. 58.3 million Smartphones were exported in the first quarter of 2020. It has 18.1 percentage declines, but Samsung remained in top position with 21.1% share.
This is mainly due to the success of the A Series, despite the Galaxy S20 premium 5G flag being launched. However, the high price of the S20 helped to boost the Samsung's profits. The two new premium devices (Fold 2, Note20) of Samsung will arrive in the 2nd half of the year.
Huawei is a Chinese company. The 80% of the world’s top 50 telecommunications companies works with Huawei. The popular Huawei mobile phones include Huawei P30 Pro, Huawei Mate 20 Pro, Huawei P30 Pro, Huawei P20, Huawei Mate 20, Huawei Mate 20X, Huawei Mate 10 Pro, Huawei Mate 20 Lite, etc.
It had 8.57% market share in 2019. Huawei ranks second in the global smartphone market with a 17.8% share in 2020. However, the Exports fell 17.1%. The company has mitigated the impact of the decline with its price cuts on the Mate 30, P30 series, and 9X series.
Apple Inc is a best electronics company in the United States. This smartphone has its own operating system called iOS. The famous Apple iPhone models includes iPhone XS Max, iPhone XS, iPhone XR, iPhone X, iPhone 8 Plus, iPhone 8, iPhone 7 Plus, iPhone SE, iPhone 7, etc. It had 22.4% market share in 2019.
The company exported 36.7 million iPhones in the first quarter of 2020. The company ranked third with 13.3% share. However, exports fell 0.4%. It is the smallest annual decline among the top three suppliers for the year. The main reason for this is the continued success of the iPhone 11 series. The new SE (2020) device is aiming the peoples, who are looking for low priced iPhones.
The position of India in mobile manufacturing
The minister of law and Justice, Communications, Electronics and Information Technology, Ravi Shankar Prasad said that India is the 2nd largest mobile manufacturing hub in the world. More than 200 mobile manufacturing units have been established in the country in the past 5 years.
Around 330 million mobile phones produced in 2019. Many companies are already making their own products in the country. Manu Kumar Jain, the Xiaomi India head tweeted that 99% of Redmi and Mi phones are made in India and also the 65% of parts are sourced from locally. Apple has already partnered with contract manufacturers Wistron and Foxconn to produce some iPhone models in India.
The smartphone market is leading some other markets and industries. The technology is developing. In the future, we will begin to see foldable displays that could further reduce the distance between tablets, smartphones, and computers.