Canalys’ Post

📱📈 The Worldwide smartphone market experienced a 10% year-on-year growth in Q1 2024, reaching 296.2 million units. 📲 The market performed better than expected, reaching double-digit growth after ten difficult quarters. The surge was primarily fueled by vendors introducing refreshed portfolios and macroeconomic stabilization in emerging market economies. “Samsung Electronics’ S24 launch reflects a pivotal moment in its AI and premium strategy, with the potential to reshape the industry,” commented Canalys Senior Analyst Sanyam Chaurasia. 📲 Compared to last year’s S23 release, Samsung launched the Galaxy S24 a month earlier and shipped 13.5 million units, a 35% year-over-year shipment growth vs its predecessor in Q1. Top 5 vendors for Q1 2024: 1️⃣ Samsung Electronics 2️⃣ Apple 3️⃣ Xiaomi Technology 4️⃣ Transsion 5️⃣ OPPO “Mass-market brands are riding the wave of emerging markets rebounding while cautiously stocking components,” remarked Canalys Analyst Runar Bjorhovde.   Read the full report: https://lnkd.in/g9hZKj2K Nicole Peng 刘艺璇（Amber LIU）Toby Zhu Lucas Zhong Chiew Le Xuan Sheng Win Chow Ben Yeh #Samsung #Apple #Xiaomi #TRANSSION #OPPO

📢𝑿𝒊𝒂𝒐𝒎𝒊 𝒉𝒂𝒔 𝒃𝒆𝒄𝒐𝒎𝒆 𝑾𝒐𝒓𝒍𝒅'𝒔 #2 𝑺𝒎𝒂𝒓𝒕𝒑𝒉𝒐𝒏𝒆 𝑩𝒓𝒂𝒏𝒅 𝒊𝒏 𝑨𝒖𝒈𝒖𝒔𝒕 𝒂𝒇𝒕𝒆𝒓 3 𝒚𝒆𝒂𝒓𝒔. 🔎Key Reasons: 🗹 Leaner Product Strategy 🗹 Hero Model per price band rather than multiple devices in each segment 🗹 Economic recovery benefitting the demand in lower price bands 🗹 Launch of price competitive 5G devices 🗹 Huge popularity of Redmi devices across India, LATAM, SEA and MEA Apple's seasonal decline 📈 Xiaomi was one of the fastest-growing brands in H1 2024, clocking 22% YoY growth in sales volumes. 📊Growth is likely to moderate in H2 as base effects peter out, but Xiaomi is still likely to record strong double-digit growth for the full year of 2024. Link to full article from team Counterpoint Research in comments.

Global 5G handset shipments grew 20% YoY in H1 2024, driven by significant growth in emerging markets where 5G devices expanded into lower-price segments. Key contributions to this trend came from strong shipments by brands like Xiaomi Technology, vivo, and Samsung Electronics in the budget segment. Key Takeaways: 📱India became the second-largest 5G handset market, surpassing the US in H1 2024, driven by affordable 5G handsets from brands like Xiaomi and vivo. 📱5G handsets accounted for over 50% of global smartphone shipments for the first time in H1 2024, marking a significant milestone in market penetration. 📱The CALA region witnessed the fastest growth, with 63% YoY growth, contributing 14% of global 5G net additions despite only having a 6% shipment share. 📱Apple led global 5G handset shipments, capturing over 25% share, with Samsung close behind at 21%. Xiaomi showed triple-digit growth in India, while Motorola grew fastest among the top 10 brands. For more detailed insight - https://lnkd.in/gJcFdfQ3

📌Global Tablet Market Rises in Q2 2024 as Heavy Hitters Return ➢ Following new releases from Apple and Samsung Electronics, which were absent last year, global tablet shipments grew 15% YoY in Q2 2024. ➢ Huawei retains its position among the top three with continued model releases. ➢ Xiaomi Technology almost doubles its shipments, led by growth in emerging markets, especially the APAC (ex. China and India) and MEA regions. ➢ Continued launches from Apple and Samsung will drive growth momentum in H2 2024. More from team Counterpoint Research here: https://lnkd.in/gcXcKKBK

𝐔𝐧𝐯𝐞𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥: 𝐈𝐧𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐫𝐠𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐬 𝑹𝒆𝒒𝒖𝒆𝒔𝒕 𝒇𝒐𝒓 𝒂 𝒇𝒓𝒆𝒆 𝒔𝒂𝒎𝒑𝒍𝒆 𝑷𝑫𝑭 𝒓𝒆𝒑𝒐𝒓𝒕: https://lnkd.in/dRsmpFUh According to Next Move Strategy Consulting, the 𝐈𝐧𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐫𝐠𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 size is predicted to reach USD around 1992 million, with a CAGR of around 16% till 2030. The induction charger industry benefits from the widespread growth of e-commerce and online retail, providing global accessibility. The widespread use of USB Type-C connectors in wired chargers poses a significant challenge for the induction charger market. This standardization brings compatibility across various devices, offering a convenient and versatile charging option. The agility of online retail allows niche market penetration and quick adaptation to market changes, contributing to the industry's growth. The induction charger market in Asia-Pacific is experiencing significant growth, due to the presence of several technological innovation hubs in countries including China and Japan. Europe is expected to witness an increased demand for induction charger in the coming years, due to government initiatives that encourage the adoption of advanced technologies. Several market players operating in the induction charger market include Samsung Electronics, Apple, Anker Technology, Belkin International, Xiaomi Corporation, Huawei Technologies, ASUS TeK Computer, ZAGG, Energizer, Aukey Corporation Limited, and others. #inductionchargermarket #consumergoods #marketinsights #industryinsights #marketresearch #globaltrends #businessinsights #globalmarket #marketresearch #marketstrategy

Southeast Asia smartphone market grew 12% year-on-year in Q1 2024 to 23.5 million units. ➡The growth is a positive sign of recovery from a difficult macroeconomic situation in 2023, but shipments are still well below pre-2023 levels. ➡Efforts from smartphone vendors in late 2023 to normalize channel inventory paid off in Q1 2024 as its sales channels were in a healthier position to take in more sell-in. ➡Canalys predicts that smartphone shipments in Southeast Asia will grow by 4% in 2024 ➡In the near term, volatile factors like fluctuating currency and component costs present new challenges. ➡Vendors with optimized supply chains and operational efficiency will be best positioned to succeed. The long-term outlook for the Southeast Asian market is positive, though. ➡Samsung topped Thailand, Malaysia and Vietnam in Q1 2024, aided by the launch of the #GalaxyS24. Samsung outperforms in these markets as they are better suited to Samsung’s premiumization strategy. Top 5 vendors: Samsung Electronics Transsion Xiaomi Technology OPPO vivo Read the full report: https://lnkd.in/g2kqFXQW Chiew Le Xuan Sheng Win Chow Nicole Peng realme Apple #Samsung #Transsion #Xiaomi #OPPO #vivo #realme #apple

📈 Southeast Asia's High-End Smartphone Market is Thriving! 📈 The latest Canalys data reveals that Southeast Asia's smartphone market is not just growing—it’s evolving. With a 14% year-on-year growth in Q2 2024, the region is seeing significant shifts, particularly in the high-end segment. The premium smartphone market, driven by innovative technologies like AI and enhanced retail experiences, has grown 18% YoY. Samsung Electronics's strategic focus on the high-end segment, coupled with exclusive AI-driven pop-up events, is driving consumer upgrades and market share recovery. Meanwhile, Apple's 15% growth in H1 2024, fueled by expanded retail efforts in Vietnam and Malaysia, shows the power of aggressive marketing and strategic pricing of older models. As the high-end market gains momentum, the opportunities for brands to engage with Southeast Asia’s diverse consumer base are vast. With supportive government policies, minimal trade restrictions, and a growing appetite for premium devices, this region is becoming a key battleground for global smartphone vendors. The challenge? Navigating forex volatility and market price sensitivities. But for those who can adapt, the rewards are clear—enhanced brand trust, strategic growth, and a stronger foothold in one of the world’s most dynamic markets. #SmartphoneMarket #SoutheastAsia #PremiumSegment #Samsung #Apple #Innovation #TechGrowth

Southeast Asia smartphone shipments surge 14% YoY, outperforming global growth “The Southeast Asia smartphone market’s recovery is being driven by a macroeconomic recovery and growing consumer sentiment,” said Canalys Analyst Chiew Le Xuan. Smartphone vendors are optimizing product pricing strategies to capture this rebound. The Southeast Asia high-end market has shown growth momentum, driven by vendors' investments in innovative technologies such as AI and diversified marketing and channel efforts. “To capitalize on the region’s geopolitical advantages in production and trade, brands should build strong relationships with local governments and telecom operators,” said Canalys Analyst Sheng Win Chow. Top 5 vendors for Q2 2024: Samsung Electronics saw a slight recovery after seven consecutive quarters of year-on-year decline, shipping 4.4 million units and capturing 18% market share. OPPO (excluding OnePlus) reclaimed second position, shipping 4.2 million units for a market share of 17%. In third place, Xiaomi Technology’s push in the low end saw it close the gap with 4.0 million units and a market share of 17%. vivo recaptured the fourth spot with 3.4 million units and a 14% market share. Transsion’s shipments slowed after a Q1 spike, finishing fifth with a 3.3 million shipment and a market share of 14%. Read the full market report and analyst commentary: https://lnkd.in/gt32S88y Nicole Peng 刘艺璇（Amber LIU）Sanyam Chaurasia Manish Pravinkumar Lucas Zhong Toby Zhu Runar Bjorhovde #Samsung #OPPO #Xiaomi #vivo #Transsion #ZTE #Apple #Southeastasia #Asia

#SmartPhone Shipment increased for Third consecutive Quarter. #Global smart phone shipment increased 12% YoY in Q2 2024, Canalys reported. Top 5 Global Brands are as follows: 1. Samsung of Korea 18% market Share 2. Apple of USA, 16% market Share 3. Xiaomi of China, 15% market Share 4. vivo of China, 9% market Share 5. Transsion of China, 9% market Share Together, #Chinese brands hold 33% of the global smart phone market share. If you throw Huawei & other brands into the mix, then maybe Chinese brands are nearly controlling half of the market share. 😲 #supplychains #Ammar #AI

Even though the data from #Canalys shows a tie between #Vivo and #Xiaomi in shipments, the agency has captioned the news showing Xiaomi as the No. 1 after 6 quarters. The figure taken by them includes Xiaomi and #Poco it says. As per #IDC based on the combined data for Xiaomi and Poco, Xiaomi was already No. 1 in Q1 as it showed an 18.7% share ahead of Samsung at 16.2%. Even if we take the overall data from IDC for 2023, Xiaomi and Poco combined had a share of 17.3% against a 17% share of Samsung. I don't understand why Xiaomi waited for Canalys to announce them as the No. 1 after 6 quarters in Q2 2024, when on the parameters used by Canalys they were already No. 1 as per IDC in 2023 as a whole.😃 Wake up guys. Take the credit due to you. You beat Samsung last year itself. You were the No. 1 in 2023👍 Xiaomi India Samsung India vivo India POCO India