The Canalys report for Q3 2024 is out now and it provides some amazing numbers about India’s smartphone market. As per the report, the Indian smartphone market witnessed solid year-on-year growth in Q3, 2024. Over 47.1 million smartphone shipments were recorded in Q3, 2024 as compared to 43.1 million shipments in Q3, 2023. It results in a solid 9% year-on-year growth.
Vivo has managed to secure the top position in the Indian smartphone market. It shipped 9.1 million units in this quarter and managed to grab a 19% market share. The company saw an annual growth of 26%. Xiaomi, including its sub-brand POCO, continues to maintain the 2nd position and it shipped 7.8 million shipments. The company had a 17% market share in Q3 2024 and recorded an annual growth of 3%.
Samsung saw a slight dip in both market share and shipments. It shipped 7.5 million smartphones and secured a 16% market share in Q3, 2024. It recorded a 4% decline in its annual growth.
Oppo had an excellent quarter and it recorded annual growth of 43%, the highest among the top five vendors. The company shipped 6.3 million units and captured a market share of 13% in Q3, 2024.
Realme was once the fastest-growing smartphone brand. Now it is experiencing a decline in both shipments and market share. The company shipped 5.3 million smartphones in Q3, 2024, and managed to grab a market share of 11%. If we compare it with the same quarter in 2023, the company shipped 5.8 million units and had a 13% market share in Q3, 2023.
Other smartphone brands including OnePlus, Motorola, and others collectively accounted for 11.1 million shipments in Q3 2024. This segment also saw growth and indicates a healthy demand for less prominent brands
