India's 5G phone market expected to grow by 70 percent by the end of 2023

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Ahmedabad. 17 January 2023, Tuesday

There is a lot of buzz about 5G phones in the Indian smartphone market. By the end of calendar year 2023, the market could expand by more than 70 percent annually. The shipment of 5G phones in India's smartphone market has grown 13 times since its launch in 2020. From a mere 4 percent market share in calendar year 2020, it will likely achieve over 45 percent market share this year, said Maneka Kumari, analyst-industry intelligence group Cybermedia Research.

In calendar year 2020, around 100 5G smartphones were launched in the mass market and we expect around 75 percent of the new smartphones launched in India in 2023 to be 5G-capable. Samsung, OnePlus and Vivo led the India market in 5G smartphone shipments in 2022. Xiaomi and Realme were the main contributors in the 5G value for money (Rs 10,000-Rs 25,000) price segment.

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