♦ According to Counterpoint Research, India's smartphone market has emerged as the second largest globally by unit volume and third largest by value in the third quarter of 2024.

♦ In this period, India accounted for 15.5% of global smartphone shipments, trailing only China, which held a 22% share.

♦ The United States followed with a 12% share. By market value, India captured approximately 12.3%, a slight increase from 12.1% in the same quarter the previous year (2023).

♦ China dominated the value segment with a 31% share, while the US secured 19%.