Canalys: India's smartphone market grew slightly by 1% in the second quarter of 2024, with Xiaomi returning to the top spot

On July 18, Canalys reported that in the second quarter of 2024, affected by various factors such as sluggish seasonal demand and extreme weather in some areas, the Indian smartphone market slightly increased by 1%, with total shipments reaching 3,640 Thousands of units. Amid high inventory levels, some manufacturers continue to launch new models with higher prices, while others are focusing on reducing existing inventory to optimize inventory ahead of the holiday season.

Attached manufacturer rankings are as follows:

1. Xiaomi, shipped 6.7 million units, market share 18%
2. vivo, shipped 6.7 million units
3. Samsung, shipped 6.1 million units
4. realme, shipped Volume 4.3 million units
5. OPPO (excluding OnePlus), shipments 4.2 million units fenyeCanalys’ latest consumer research shows:
6. 44% of Indian consumers expect to purchase devices in the next 12 months.
7. The vast majority are “upgrade buyers” who focus on the latest innovations including 5G technology.
8. Canalys expects overall shipments to grow in the mid-single digits during the upcoming holiday season.

   

   With reference to the second quarter of 2024, the Indian smartphone market slightly increased by 1%, and Xiaomi returned to the top of the list

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