Despite the dip in 2022, India's smartphone market has been resilient and performed better than many other regions.
India's neckband market shipments declined by 13% YoY in 1Q22, but grew by 34% year-on-year in 2021, according to Counterpoint…
India's TV shipments grew by 48% YoY in Q4 2021 and by 24% YoY in 2021, according to Counterpoint Research.
India's smartwatch market saw record growth of over 274% year-on-year in 2021 shipments, according to Counterpoint Research.
India's smartphone market revenue crossed a record $38 billion in 2021, registering a growth of 27% year-on-year.
India's TWS market posted 156% year-on-year growth in the first quarter of 2021, according to Counterpoint Research.