India's smartphone market is projected to grow 7-8% in 2023, driven by demand for premium and 5G devices.

India's smartphone market is expected to grow 7-8% this year, fueled by demand for premium, 5G, and AI smartphones. In Q3, the market grew 3% despite global challenges, with 5G shipments rising to 82%, a 49% year-over-year increase. Vivo and Samsung led the 5G segment with 18% and 17% market shares, respectively. The premium smartphone segment also saw strong growth, while the feature phone market declined by 14%, largely due to a drop in 4G device shipments.

November 09, 2024
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