Indian smartphone market rebounds 20% in Q4 2023 – Canalys

SINGAPORE – The latest Canalys research shows Indian smartphone vendors capitalized on robust festival season demand and propelled Q4 shipments to 38.9 million units, a stellar 20% year-on-year rebound. Samsung maintained pole position in Q4 2023 with a market share of 20% and shipments of 7.6 million units. Xiaomi continued its robust performance, claiming second place by shipping 7.2 million units. vivo secured third position with shipments of 7.0 million units, while realme and OPPO (excluding OnePlus) rounded out the top five by shipping 4.5 million and 3.7 million units, respectively.

For 2023, India's smartphone market maintained stability with 148.6 million shipments overall, a minor drop of 2%. The market demonstrated resilience, thanks to improved consumer confidence in the latter part of the year, and despite vendors facing inventory challenges, minimal inflation improvements and fluctuating demand for most of the year.

Read the full press release here.
Canalys