It all started in 1995 when India’s first-ever mobile phone call was made between Kolkata and New Delhi. Today, India is the world’s second largest mobility market. Nearly every person has a smartphone today. According to a study, some countries in the European region have more smartphones than they have people.
Much as the cars are more than just engines on wheels, mobility devices are already enriching our lives and reshaping the future. With edge AI, becoming an integral part of mobility devices, new aspects, new ideas are now possible.
Mobile devices are slimmer and lighter, and will continue to be so in the future as well. It is a possibility that all of mankind will be using foldable or rollable devices. These devices powered by 5G provide best communication and internet surfing. By 2030, these devices will be able to provide 6G network support. OEL works closely with global brands and provide them with ready manufacturing infrastructure that serves as a bedrock for all the current and upcoming innovations of this industry.
India’s electronics manufacturing sector is consistently evolving to make a mark globally. In 2023, the market is expected to increase by 10 per cent to 175 million units. The rural sector is anticipated to develop at a CAGR of 6 per cent from 2021 to 2026, while the urban sector is anticipated to grow at a CAGR of 2.5 %. The need to implement fin-tech, e-health, and e-learning will drive this rising demand for smartphones, which is anticipated to stimulate higher Internet adoption rates.
India’s infrastructure, favourable government policies and talented workforce has attracted giant global corporations. With Apple, the massive mobility firm, turning to India to manufacture its products, we are all set to foresee a humongous opportunity of growth in the mobility industry. It already assembles its mobile in India through three of its global suppliers FOXCONN, PEGATRON and WISTRON.
With agile policies and an anti-fragile mind-set, India is propelling inclusive growth in the mobile sector and is steadily emerging as an ideal development model for the world.
At OEL, we are commitment towards manufacturing high-quality components, investing in research and development, enabling connectivity solutions and collaborating with mobile device manufacturers. We drive innovation, enhance user experience, and propel the mobility industry forward into a future of increased connectivity and technological advancement.