India’s 5G smartphone market to expand 70% by 2023-end

According to the report, the Indian smartphone market has seen a more than 13-fold increase in shipments since 2020.

According to a report by CyberMedia Research (CMR), the country’s 5G smartphone markets will expand by around 70% year-on-year by the end of CY23 due to the rapid rollout of 5G networks in Indian cities and growing consumer interest. ).

According to the report, the Indian smartphone market has seen a more than 13-fold increase in shipments since 2020.

Menka Kumari, Industry Intelligence Group (IIG) Analyst, CyberMedia Research (CMR) says, “From just 4% in CY2020 to a potential >45% market share in CY2023, 5G smartphones have definitely come a long way. In CY2022, nearly 100 5G smartphones were launched in the Indian market. By 2023, we expect nearly 75% of new smartphones to be launched in the Indian market to support 5G.”

In 2022, Samsung, OnePlus and Vivo had the highest shipments of 5G smartphones in the domestic market, while Xiaomi and Realme were the main contributors to the 5G value for money between ₹10,000 to ₹25,000.

Shilpa Sinha, analyst at Industry Intelligence Group (IIG), CyberMedia Research (CMR), says, “As consumers look to migrate and upgrade their phones, the inclination towards 5G smartphones is bound to grow. We expect further momentum for 5G smartphones going forward. shipments in the new year driven by strong consumer demand and aggressive 5G rollout by Indian telcos.”

According to another report from Global Data, between 2020 and 2026, the next generation of mobile broadband will increase the country’s mobile data usage by 29% and data revenues by 67%. “Despite higher data prices, 5G promises better quality of service compared to existing 4G networks. This should encourage digital businesses including edtech, healthtech, agritech, fintech and e-commerce to further accelerate 5G adoption in India,” said Priya Toppo, Eng. analyst in the Thematic Intelligence team at GlobalData.

India rolled out 5G services in October last year following 5G spectrum auctions. The government earned ₹1.5 crore from the auction, with Jio getting the highest 22,000 MHz, followed by Airtel, which got 17,600 MHz.

In December 2022, Reliance Industries Chairman Mukesh Ambani said that the pan-India rollout of Jio’s 5G services would be completed by 2023. “With every village having 5G connectivity, India has a historic opportunity to completely erase the rural-urban divide.” which has plagued our country for so long.”

Gopal Vittal, managing director and chief executive of Bharti Airtel, said last year that Airtel’s 5G networks will be available on 27 Samsung models, 17 OnePlus models, 34 Vivo models, 34 Realme models, 33 Xiaomi models and 14 Oppo models.

Apple also launched its iOS beta or iOS 16.2 software program for Airtel and Jio users in December last year. The beta software is a precursor where users can try out 5G services before they are rolled out across all networks.

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