Country’s smartphone market likely to exceed $50 billion this year

The nation’s smartphone market has grown quickly in the previous few years. It could possibly be price greater than $50 billion (about Rs 4.2 lakh crore) this year. This market is predicted to develop by six % on a year-on-year foundation. The development of Indian clients has elevated in direction of premium smartphones. Due to this, the smartphone market is rising by way of worth.

Market analysis agency Counterpoint Report According to , the common promoting worth (ASP) within the smartphone market within the nation this year could exceed $ 300 (roughly Rs 25,900). This will likely be a serious cause behind the smartphone market exceeding $50 billion. This market was price roughly $38 billion (roughly Rs 3.2 lakh crore) in 2021. In the previous few years, gross sales of premium section smartphones of Apple, OnePlus and Samsung have elevated quickly. This report states that clients are actually preferring smartphones within the premium and ultra-premium segments. Apple and Samsung are two main corporations in this section.

Demand could also be greater for Pro fashions of Apple’s iPhone sequence. Apni has elevated her manufacturing within the nation. This has decreased the price of Apple’s smartphones. Sales of South Korean smartphone firm Samsung’s flagship Galaxy S sequence might also enhance. The firm’s upcoming Galaxy S25 Ultra could have a 200-megapixel digicam. Recently, a leak claimed {that a} 500-megapixel digicam is being developed for Samsung’s Galaxy gadgets. The firm’s Galaxy S25 sequence could be launched quickly. This smartphone sequence could embrace Galaxy S25, Galaxy S25+ and Galaxy S25 Ultra. These smartphones could have Qualcomm’s new Snapdragon 8 Elite because the processor.

OnePlus, one of many massive smartphone corporations, additionally plans to enhance its gross sales within the extremely premium section (above Rs 45,000). This Chinese firm will launch OnePlus 13 on January 7. Companies like Oppo and Vivo, which have a big share within the inexpensive section of smartphones, are attempting to enhance their gross sales with new designs and higher cameras.