- Cumulative 5G smartphone shipments will cross the 100-million mark in Q2 2023 and exceed 4G smartphone shipments by the end of 2023.
- India’s 5G smartphone shipments are estimated to grow 81% YoY in 2022 driven by their expanding presence in lower price bands (
- 5G share in lower price bands (
India’s smartphone shipments are projected to witness a yearly decline in 2022 due to macroeconomic factors affecting consumer demand in the entry and budget segments. However, 5G has been a driving force and will continue to push smartphone demand in 2023 as well. India’s 5G smartphone shipments are estimated to grow 81% YoY in 2022 driven by their expanding presence in lower price bands ( According to Counterpoint’s India Market Outlook, cumulative 5G smartphone shipments will cross the 100-million mark in Q2 2023 and exceed 4G smartphone shipments by the end of 2023. Our latest consumer study also reveals that 5G is the third most important factor for future smartphone purchases. India 5G vs 4G Smartphone Shipment Penetration 5G share in lower price bands ( However, the growth here has been limited due to component supply shortages, inflation, geopolitical conflicts and other macroeconomic issues, which have delayed 5G device launches in the budget segment. Though OEMs have brought more 5G devices for lower price bands ( We expect these constraints to ease by the end of 2023, leading to the mass adoption of 5G. Better availability of networks in major areas will also facilitate 5G smartphone growth in 2023, which is estimated to be 62% YoY.
Source: Counterpoint Research India Smartphone Outlook, November 2022
Source: Counterpoint Research India Smartphone Outlook, November 2022
