Friday February 28, 2020
Home India Samsung Displ...

Samsung Display Plans To Invest $500mn in India To Set Up Manufacturing Unit

In India, Samsung Electronics has been in a fierce competition with Chinese rivals

0
//
Samsung Display
Industry insiders said new Samsung Display plant would help its parent company secure smartphone display panels at cheap prices and boost productivity. Pixabay

Samsung Display, South Korea’s major display panel maker and an affiliate of Samsung Electronics, plans to invest $500 million in India to set up a manufacturing unit.

According to US tech media outlet TechCrunch, Samsung Display filed an investment plan with India’s regulator earlier this month, saying the plant in Noida, near New Delhi, would produce smartphone displays

Samsung Display officials in South Korea confirmed that the company was preparing to set up a plant there, but declined to comment on the scale of investment, Yonhap news agency reported on Monday.

Last year, the company set up its India arm Samsung Display Noida Private Ltd.

In 2018, Samsung Electronics opened a smartphone manufacturing plant in Noida to expand presence in the world’s second-largest mobile phone market, after China.

Samsung
Samsung Display, South Korea’s major display panel maker and an affiliate of Samsung Electronics, plans to invest $500 million in India to set up a manufacturing unit. Wikimedia Commons

Industry insiders said Samsung Displays’ new plant would help its parent company secure smartphone display panels at cheap prices and boost productivity.

ALSO READ: Video Games May Have Positive Impact on Kids: 71% Parents

In India, Samsung Electronics has been in a fierce competition with Chinese rivals. According to data from market researcher Counterpoint, Samsung Electronics is the second-largest smartphone vendor behind China’s Xiaomi Corp in India. (IANS)

Next Story

Lenovo Retains its Dominance Over Tablet Market in India With 37% Market Share

This, in turn, implies the chances for a potential dent in tablet shipments in Q2 2020 of upto 6-8 per cent, according to the projections by CMR

0
Lenovo
However, among the top five brands, only Lenovo and Apple registered growth in 2019. While Lenovo registered 28.1 per cent year-over-year growth in 2019, Apple grew 12.3 per cent year-over-year. Wikimedia Commons

While the India tablet market declined 18 per cent in 2019 compared to a year ago, Lenovo has retained its dominance for the 10th consecutive quarter, grabbing 37 per cent market share in 2019, a report from CyberMedia Research (CMR) said on Thursday.

In terms of share in the India tablet market in 2019, Samsung came second with 16.7 per cent share, followed by iBall (13.9 per cent), Apple (12.4 per cent) and Datawind (5.4 per cent), said the report titled “Tablet PC Market Report Review for 4Q CY2019”

However, among the top five brands, only Lenovo and Apple registered growth in 2019. While Lenovo registered 28.1 per cent year-over-year growth in 2019, Apple grew 12.3 per cent year-over-year.

“During the course of 2019, the average sales value (ASV) for tablets in India increased, indicating a latent demand from enterprise players for variants with higher-end specifications. While Lenovo grew 28 per cent YoY in 2019, all other tablet brands saw their market share erode, with the notable exception of Apple,” Kanika Jain, Manager, Client Device Research, Industry Intelligence Group (IIG), CMR, said in a statement.

While the tablet market declined 18 per cent YoY, 4G Tablets grew sequentially by 22 per cent year-over-year, said the report.

As per the report, shipments of tablets with 6-7 inch displays constituted 39 per cent of the overall shipments in the India market. On the other hand, tablets with 10-inch and above displays contributed to 35 per cent of the shipments. Lenovo continued to show innovation with launch of E, M, P & V series tablets. Its M10 (HD & FHD) series garnered 16 per cent market share.

Samsung launched several tablets in 2019, including the Tab A 10.1, Tab A8.0, Tab S5e & S6. However, Samsung’s tablet shipments declined by 24 per cent year-over-year. Across all the tablet launches from Samsung, the Tab A 10.1 was the most successful, accounting for a massive 32 per cent share across the Samsung tablet portfolio.

iBall regained the third position for 2019, but declined 17 per cent year-over-year. Apple’s newly launched iPad 7, Air 2019 and Mini 2019 series helped it to register a year-over-year growth of 12 per cent during the year. In 2020, the tablet market is likely to start on a slower note, according to CMR.

Given that Chinese original equipment manufacturers (OEMs) control 40 per cent of the Indian tablet market, the reliance on China would see a negative impact on overall tablet shipments.

Lenovo
While the India tablet market declined 18 per cent in 2019 compared to a year ago, Lenovo has retained its dominance for the 10th consecutive quarter, grabbing 37 per cent market share in 2019. Wikimedia Commons

Though OEMs typically stock tablet inventories to tide over the Chinese New Year holidays, the coronavirus outbreak-caused disruption has led to an extended closure.

This, in turn, implies the chances for a potential dent in tablet shipments in Q2 2020 of upto 6-8 per cent, according to the projections by CMR.

ALSO READ: Astronomers Discover “Mini-Moon” Which is Temporarily Orbiting The Earth

“Traditionally, Q1 has been a slow quarter for the tablet market in India owing to the Chinese New Year holidays. However, with the coronavirus outbreak impacting manufacturing supply chain, we are, in effect, looking at an unexpected situation, wherein we believe, tablet shipments would see a further dip towards end of Q1, and more realistically in Q2 2020,” said Prabhu Ram, Head-Industry Intelligence Group, CMR. (IANS)