Indian Smartphone Market Q2 2024 Growth
A report by market analyst agency Canalys claims that the full variety of smartphone models shipped in India in Q2 2024 was 36.4 million, which is marginally greater than the 36.1 million models shipped in Q2 2023. The report exhibits that Xiaomi and Vivo every shipped 6.7 million models and had an 18 p.c market share every.
Samsung adopted intently at 17 p.c with 6.1 million models shipped, whereas Realme and Oppo shipped 4.3 million and 4.2 million models every, with 12 and 11 p.c market share, respectively.
Contributing to Xiaomi and Vivo’s bigger market share had been the Redmi Note 13 Pro sequence, and the Xiaomi 14 Civi, alongside Vivo’s V-series and the Vivo Y200 Pro, the report added.
The small yearly progress within the quarter is attributed to the nationwide basic elections, excessive climate, fluctuating demand and gradual migration from function telephones to smartphones. The report additionally claimed that one other component is the rising development of adopting second-hand smartphones
Indian Smartphone Market H2 2024 Outlook
The report additionally prompt that almost all manufacturers will look ahead to clearing their stock with monsoon e-commerce gross sales to arrange for upcoming newer launches. It additionally claimed that patrons are anticipated to improve to higher-end telephones with higher options and improvements within the coming months. Most prospects are anticipated to give attention to 5G connectivity and generative AI help on their smartphones, in response to the report.
The agency expects “mid-single-digit progress in each the upcoming festive season and general shipments” in the remainder of 2024.
