According to the research report titled ‘India Smartphone Market Size, Analysis, Growth, Demand, Trends, Opportunity, Forecasts (2022 - 2028)’, available with MarketStudyReport, India smartphone market was valued at USD 139 billion in the year 2021 and is slated to grow at 10.5% CAGR over the next six years, accruing a revenue of USD 281 billion by the year 2028.

The report is based on a comprehensive examination of the entire India smartphone industry. It contains the latest data on the current market conditions as well as future possibilities. The research also includes a detailed assessment of the recent trends and a prediction for the size of the market for the forecast timeframe 2022-2028.

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It provides an in-depth analysis of drivers and restraints that influence the growth of the business sphere.

The key variables influencing the expansion of the industry are surging disposable income of the people, and massive development of the telecom infrastructure in the country. 

Moreover, leading players in the nation are indulging in a huge number of product launches which is likely to further boost the scope of India smartphone market in the forthcoming years. 

Besides this, the introduction of budget-centric smartphones is gaining prominence across younger demographics, unveiling lucrative opportunities for businesses in this line of work. 

The study shows a systematic overview of the actual and prospective growth trends in the business sphere while unearthing an extensive study of smartphone shipments in India. 

The document studies the retail channels and conducts an exhaustive study into the consumer preferences to understand the market segments by stating growth rate estimations for the same. Furthermore, this up-to-date report provides a clear picture of the market's regulatory framework.

To understand the corporate landscape, it examines detailed profiles of leading players, including business overviews, product portfolios, and the most recent developments.

Major companies are involved in continuous product development to enhance their standing in India smartphone marketplace. These include established names like Samsung Group, Xiaomi Corporation, Guangdong Oppo Mobile Telecommunications Corp. Ltd., Vivo Communication Technology Co. Ltd., and Realme Chongqing Mobile Telecommunications Corporation Ltd. among others.