India Smartphone Market Set to Double in Value by 2032, Reveals Custom Market Insights Report

Thursday, 21 March 2024, 19:00

The latest analysis by Custom Market Insights projects the India Smartphone Market to surge from USD 40.84 Billion in 2022 to USD 88.99 Billion by 2032, experiencing an 8.1% compound annual growth rate. Leading players like Samsung, Vivo, Realme, Xiaomi, and OPPO are highlighted in the report for their significant roles in the market's growth.
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India Smartphone Market Set to Double in Value by 2032, Reveals Custom Market Insights Report

India Smartphone Market Growth Forecast

According to a detailed market research study by Custom Market Insights, the India Smartphone Market is poised for substantial growth in the upcoming decade.

Key Findings:

  • Market Value: The market is projected to reach USD 88.99 Billion by 2032.
  • Growth Rate: A CAGR of 8.1% is anticipated between 2023 and 2032.
  • Key Players: Samsung, Vivo, Realme, Xiaomi, and OPPO play pivotal roles in the market's trajectory.

With a focus on market share, revenue, and demand analysis, this report offers valuable insights for industry stakeholders and investors in the evolving India Smartphone Market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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