5G smartphone shipments in India grow 45% YoY

India’s smartphone market has registered a 6% year-on-year decline in the June quarter of 2023. The overall mobile phone market in India declined by 2 per cent year-over-year. 5G smartphone shipments, however, grew 45 per cent year-over-year .

The overall mobile phone market in India declined by 2% year-over-year in May 2023, while 5G smartphone shipments grew 45% year-over-year. This was the first time that 5G smartphone shipments in India exceeded 40% of the total market share. The most popular 5G smartphones in India in May 2023 were the Samsung Galaxy A53 5G, the Apple iPhone 13, and the Vivo X80 5G.

There are a few reasons for this growth in 5G smartphone shipments in India. First, the price of 5G smartphones has come down significantly in recent months, making them more affordable for consumers. Second, the availability of 5G networks in India has increased rapidly, with both Reliance Jio and Bharti Airtel now offering 5G services in most major cities. Third, the government of India has been offering subsidies for the purchase of 5G smartphones, which has also helped to drive demand.

As 5G networks continue to roll out across India, we can expect to see even more growth in 5G smartphone shipments in the coming months and years. This is good news for consumers, as it will mean faster speeds, lower latency, and more reliable connectivity. It is also good news for the Indian economy, as it will help to boost the manufacturing and technology sectors.

As per the media report, Samsung led the market with an 18 per cent share in Q2 2023. Vivo came second with a 15 per cent share while Xiaomi placed third with a 15 per cent market share. Realme and OPPO were fourth and fifth with a 12 per cent and 10 per cent share, respectively.

With a 24 per cent lion’s share of the 5G smartphone market, Samsung led the 5G handset space in India. Samsung was followed by OnePlus with a 20 per cent share.

As per the report of CMR, “The smartphone market is set to bounce back in the second half of 2023, thanks to the festive season and increased consumer spending. The rise of 5G and foldable phones will also boost the market's recovery.”