The percentage of 5G smartphones shipped in India grew to 31% in 2022, with 5G shipments jumping 74% (year over year), according to research released on Tuesday.
In 2022, the nation delivered 5G devices valued at $20 billion.
Samsung company has a 23% market share in the 5G market, followed by OnePlus with a 15% share.
“The luxury smartphone industry kept expanding, supported by a strong customer desire to move and upgrade. In fact, the ultra-premium smartphone market (Rs 1,00,000 and above) expanded by an astounding 95% YoY “says Menka Kumari, an analyst with the Industry Intelligence Group at CyberMedia Research (CMR).
However, shipments of smartphones in India fell by 8% YoY and the whole mobile market fell by 17% YoY in 2022.
According to Kumari, “all things considered, the entire smartphone industry continued to show a drop, caused by the challenging market conditions in H2 2022.
Shipments of smartphones fell by 28% on a quarterly basis in Q4 2022. Shipments did, however, increase by 12% and 41% YoY in the premium and super-premium smartphone segments, respectively.
Xiaomi (21%), Samsung (19%), and Vivo (14%), who took the top three slots in the smartphone market, were followed by realme (14%) and OPPO (14%). (10 percent).
Due to low customer confidence brought on by expensive devices, the feature phone market as a whole fell by 34% YoY.
“We expect the challenging macroeconomic circumstances to continue during the first half of the year. The increase in 5G smartphone shipments is the only positive development. The year will be significant for 5G in India, “according to Shipra Sinha, analyst of the CMR’s Industry Intelligence Group (IIG).
