(Telecompaper) India's smartphone market saw shipments grow 23 percent year-on-year in the third quarter of 2017 to reach 40 million units. India has now overtaken the US to become the world's second largest smartphone market after China, according to a report from Canalys Research. The study further indicates that Samsung and Xiaomi, which shipped 9.4 million and 9.2 million units respectively, accounted for almost half of the total market in the quarter.