The Indian smartphone market grew by 5% in 2024, totaling 155.9 million shipments for the calendar yr. Newest report from drains exhibits that Vivo was India’s largest smartphone model by way of shipments for 2024 with 29.5 million models and 19% market share. Xiaomi (together with Poco) is second with an estimated 26.6 million shipments and 17% market share, whereas Samsung is available in third with 25.7 million shipments and 16% market share.
Indian Smartphone Shipments (Full 12 months 2024)
Oppo (together with OnePlus) managed 18.3 million shipments and 12% market share whereas Realme and its 16.6 million shipments and 11% market share rounded out the highest 5 manufacturers. In line with Canalys analysts, customers had been inspired to improve their gadgets en masse within the refresh cycle from the pandemic and 5G improve. Manufacturers confronted stockpiles in the course of the festive season, resulting in steep year-end reductions.
The report additionally outlined tendencies in whole shipments for This fall, 2024, which noticed a slight decline of 4% year-on-year in comparison with the earlier yr. The order of the highest 4 manufacturers by way of shipments and market share was the identical on a year-over-year foundation, with the one exception being Apple, which moved to fifth place.
Cupertino managed 4 million shipments in This fall and grabbed 11% market share, placing it on par with Oppo. Apple skilled 39 % year-over-year development via promotions and reductions in the course of the festive seasons and iPhone releases.
Indian Smartphone Shipments (This fall 2024)
Trying forward, Canalys forecasts single-digit development in 2025 with sturdy demand for gadgets within the $100-$200 vary and fewer curiosity within the sub-$100 vary and premium segments.
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