According to the latest data from market research firm Counterpoint Research, the Indian smartphone market thrived in 2024, recording a 9% year-on-year revenue growth, marking an all-time high. Shipments remained stable, reaching 153 million units throughout the year. This robust performance is primarily fueled by the post-pandemic replacement trend and the surging demand for 5G upgrades. Additionally, the steady expansion of the high-end market significantly contributed to the overall revenue growth.