India has huge potential to become the second-largest smartphone market in the world. While smartphone penetration is still limited in India at the current stage, there is an enormous opportunity in the country as its 1.31 billion population is only less than that of China. In 2014, smartphones accounted for only 16.6% of the total mobile phone shipments in India.
The latest analysis from global research firm TrendForce reveals that the global demand growth for industrial robots continues to accelerate on account of workforce shortages and loss of demographic dividends. Harrison Po, senior manager of TrendForce’s photonics and innovative technologies research, said that China in recent years has been energetically pushing forward with the transformation of its economy, and sales of industrial robots in the country has been growing rapidly in response to the rising demand for automation. Based on TrendForce’s projection, the industrial robot demand in China is expected to reach 95,000 units in 2016.
Since 2014, global smartphone shipments have declined annually after enjoying a long period of high growth that began with the launch of the first iPhone. The latest analysis from global research firm TrendForce projects that smartphone shipments for 2016 will grow by just 7.3% year on year. This forecast may be subjected to downward corrections later.
Annual shipments of notebooks are expected to decline significantly this year despite vendors’ best efforts during the year’s second half. This dismal result is attributed to the impact of weak shipments in the year’s first half and challenges in inventory reduction. According to global market research firm TrendForce, total notebook shipments for 2015 will reach around 164.4 million units, down 6.4% year on year.
Global LCD TV shipments for 2015 will total 216 million sets, according to the latest estimation by WitsView, a division of TrendForce. This year’s shipments will represent a slight annual decline, for the first time since the shipment slide in 2013. In the short term, consumer spending will generally remain weak due to the sluggish pace of the global economic recovery and currency fluctuations.