Separator

5G smartphone shipments cross 10 cr in India for 1st time

Separator
5G smartphone shipments in India crossed 10 crore (100 million) in the month of May, creating a record as 5G roll-out continues to happen at a very fast pace in the country. According to data shared by market intelligence firm CyberMedia Research (CMR) to IANS, Since its initial introduction, 5G smartphone shipments have grown more than 28 times. “In May, 5G shipments accounted for 48% of the smartphone market, with Samsung leading the 5G market, closely followed by OnePlus and Vivo.

Collectively, these three brands captured a combined 5G market share of 60 percent,” Shipra Sinha, analyst, Industry Intelligence Group, CMR. As 5G roll-out now reaches most of the regions in India, The 5G smartphone market is expected to expand by more than 70 percent (on-year) by the end of this year. The Indian smartphone market recorded more than 13 times growth in its 5G shipments from the year of its initial introduction in 2020.

In CY2022, close to 100 5G smartphones were launched in the Indian market. The key for mass 5G adoption in India will depend, among others, on the introduction of 5G smartphones in the affordable smartphone segment (less than Rs 10,000), according to an earlier CMR study. Reliance Jio and Bharti Airtel began rolling out their 5G networks in October 2022, and have covered most parts in the country.