Google’s little green monster is set to have a bumper year in 2011. While you didn’t need to be a PhD to figure that out, local Australian telecommunications analyst firm Telsyte has put a number on the growth – 200%.

In a statement today, the firm said it expected the Android smartphone market to grow “three-fold” during the course of the year.

Telsyte says the growth will come not only at the expense of Windows 6.5 and Nokia Symbian phones, but also from what it calls “feature phones” or high-end phones that focus on luxury extras.

The analyst firm believes the fastest growing segment for 2011 in Australia will be ultra-low-cost Android phones on prepaid plans. Features like camera options will matter less to consumers than the number and availability of apps.

“Android is growing as a distributive force against Apple. The quality of the platform is improving and gaining significant traction in the developer community”, Telsyte Research Director Foad Fadaghi says.

“Many of the same applications available in the Apple AppStore are starting to appear in the Android Marketplace, often significantly cheaper or free of charge.”

Telsyte says Apple and Android will make up 60% of the smartphone install base – around six million users. That’s up from 45% in 2010. Some 4.8million smartphones were sold in Australia during 2010, which is expected to top 6.8million this year, reaching 8.7million by 2014.

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