Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 41.31 Billion | USD 77.23 Billion | 7.20% | 2023 |
FrequentlyAsked Questions
The Indian smartphone industry is one of the world’s most lucrative sectors for smartphone makers across the globe.
The India smartphone market is expected to grow during the projection period due to consumers moving to products with higher value.
According to study, the India smartphone market size was worth around USD 41.31 billion in 2023 and is predicted to grow to around USD 77.23 billion by 2032.
The CAGR value of India smartphone market is expected to be around 7.20% during 2024-2032.
The India smartphone market will be led by the Northern states of the country during the projection period.
The India smartphone market is led by players like Motorola, Samsung, Micromax, Oppo, Vivo, Asus, Xiaomi, Poco, Realme, Tecno, iQOO, OnePlus, Lava, Apple, and Infinix.
The report explores crucial aspects of the India smartphone market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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