Dixon Technologies Achieves Significant Growth in India’s Smartphone Assembly Market
Dixon Technologies is rapidly increasing its market share in India’s smartphone assembly, rising to 11 percent in 2024 from 8 percent in 2023, while competitors Foxconn and DBG each held a 12 percent share in 2023. This growth signifies Dixon’s competitive capacity against established global players.
Dixon Technologies, an Indian electronics manufacturing services provider, is significantly advancing in the smartphone assembly sector, closely competing with global giants Foxconn Hon Hai of Taiwan and China’s DBG Group. According to Counterpoint Research, Dixon’s market share in India’s smartphone production increased from 8 percent in 2023 to 11 percent in 2024. In contrast, Foxconn, which exclusively assembles iPhones for Apple Inc., and DBG, which partners with companies like Xiaomi, both maintained a 12 percent share in 2023. Previously, Foxconn had an 11 percent share, while DBG represented 9 percent. This trend indicates a growing presence and competitive capability of Dixon in the Indian market.
In conclusion, Dixon Technologies is making significant strides in India’s smartphone assembly sector, increasing its market share from 8 percent to 11 percent within a year. While it remains in close competition with Foxconn and DBG, its growth signals a strong position and potential for further development in the electronics industry in India. This shift highlights Dixon’s ability to compete effectively with established global firms.
Original Source: www.business-standard.com
Post Comment