Thought Collectiv

The Indian Smartphone Market 2024

The Indian smartphone market remains one of the fastest-growing markets globally, driven by an expanding base of digital users, affordable devices, and increasing internet connectivity. Younger Population & Growing Middle Class: India’s large youth population is increasingly tech-savvy, creating a strong consumer base for smartphones. Additionally, an expanding middle class with higher disposable incomes is driving the upgrade cycle, contributing to sales growth. India is now the second-largest smartphone market globally by unit volume and the third-largest by value. Here is a synopsis giving some key data points.

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