Indian 5G smartphone shipments hit $20 billion in 2022, up 74% from last year.

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.

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.