Rising demand for premium devices, led by Apple and Samsung, is expected to increase India's smartphone market size to over $50 billion (about Rs 4,28,900 crore) this year, market research firm Counterpoint Technology Market Research said on Friday.
The Indian smartphone market size was estimated at $37.9 billion (about Rs 3.25 lakh crore) in 2021, according to the research firm.
"India's smartphone market is on track to achieve its highest-ever value in 2025, crossing $50 billion. Brands like Apple and Samsung are leading this shift by offering competitive options in the premium and ultra-premium segments," the report said.
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