5G smartphones shipped in India to grow 70 percent this year: Report

How 5G smartphones could grow in India

Menka Kumari, analyst at CMR’s Industry Intelligence Group (IIG), said in a statement, “From a mere 4 percent in calendar year (CY) 2020, to a potential of over 45 percent market share in CY2023, 5G smartphones have come a long way. In CY2022, close to 100 5G smartphones (models) were launched in India. In 2023, we anticipate close to 75 percent (more) new smartphones to be introduced in the India market, to be 5G-capable.”

In November 2022, a Mint report said that a total of around 67 million 5G smartphones were shipped in India. Reports further claimed that the Indian smartphone market saw a major slump and could witness up to 30 percent annual decline in smartphone shipments in the last three months of the year — which could potentially peg the total smartphone shipments in India last year at around 70 million units out of an estimated 160 million smartphones shipped in the country last year.

While CMR’s estimates claim that 45 percent of all smartphones in India could be 5G this year, a report in December last year by market researcher Counterpoint India claimed that 5G smartphones could cross 4G device shipments in 2023, buoyed by greater proliferation of 5G subscriptions this year.