Overall India handset market growth to fall in 2020

New Delhi: The Indian mobile handset market, second largest in the world, is expected to grow in single-digits in 2020, lower than the 2019 levels, as consumers are hesitant to upgrade to entry level smartphones and are holding onto their devices for a longer time.

Market research firm TechArc, in its forecast on 2020, said that the overall market will see 2% dip compared to sales in 2019, attributed to continuous fall in sales of feature phones as well as smart feature phones. Counterpoint Research predicts a 6-9% growth due to low demand of feature phones. International Data Corp. (IDC) also expects double-digit growth will be difficult to achieve.