India emerges as fastest growing 'premium' smartphone market in 2023
Apple continues its lead in the premium smartphone segment, though its share has dipped as Huawei and Samsung up their game
Apple continues its lead in the premium smartphone segment, though its share has dipped as Huawei and Samsung up their game
According to Counterpoint Research, the contribution of exports in 'Made in India' smartphone shipments reached 20% and 30% in terms of volume and value in 2022, respectively.
Noise grew 218% YoY to regain the top spot in the Indian market. The main factor for the unprecedented growth was India’s festive season.
Overall semiconductor market in India stood at $27 billion in 2021, which is expected to increase to $64 billion by 2026, says Tarun Pathak, Research Director, Counterpoint Research.
In 2021, India’s end equipment market stood at $119 billion in terms of revenue. It is expected to grow at a CAGR of 19% from 2021 to 2026, says an IESA and Counterpoint Research report