According to Faisal Kawoosa, Lead Analyst, Telecoms at CMR, “As we see Smartphones becoming the necessity in India, the significance of high-end Smartphones only amplifies for the reason that this many users would like to go for an upgrade from mid-level Smartphone to a higher order Smartphone.”

“Post 2013, we saw Smartphones booming in India and a fair installed base is now ready for replacement and our observation is that approximately 70% of the users would go for an upgrade to a higher end Smartphone rather than replacement in the same price segment.  The upgrade is in terms of functionality, feature set and of course the price,” Faisal added.

The report further observes that after successfully rippling the low and entry level Smartphone market, the high-end Smartphone market will be now shaken by the emerging brands.  Among these, OnePlus is a strong contender as it has already established in the league of leaders and continues to be positioned strongly.

Outlook for 2016

The High-End Smartphone market is expected to grow 19% in 2016 as against 15% in the previous year. While Samsung and Apple will continue to be strong players in this segment, CMR expects young brands such as Gionee, Huawei, Vivo and Lenovo to make some commendable inroads.  However, OnePlus will stand out of all these emerging brands and may enter into top 3 brands in the price segment, primarily pushed by its attractively priced OnePlus 3 that has received extremely rave reviews, online only business model presence and strong presence in highly active tech community that helps it grow organically through word of mouth.

From the new features, Virtual Reality will be high on the agenda of several high-end Smartphone brands, the report further reads.