India has achieved a significant milestone in the global 5G landscape, securing the second position in the 5G smartphone market, overtaking the US. This remarkable growth underscores the rising prominence of 5G smartphones across various price points in India.
India’s 5G Market Dynamics
According to a recent Counterpoint Research report, India now holds a 13 per cent share of the global 5G smartphone market. This surge is attributed to substantial contributions from brands like Samsung, Vivo, and Xiaomi, particularly in the budget segment.
China’s Continued Dominance
While India’s growth is noteworthy, China remains the undisputed leader in the global 5G smartphone market, commanding a substantial 32 per cent share. The US has slipped to third place, holding a 10 per cent market share.
Global 5G Leaders
On the global front, Apple leads in 5G handset shipments with over 25 per cent market share, driven mainly by robust sales of its iPhone 15 and iPhone 14 series. Samsung trails closely with over 21 per cent market share, bolstered by the popularity of its Galaxy A and S24 series.
India’s Impact on Brand Performance
India’s burgeoning 5G market has significantly impacted the performance of various smartphone brands. Xiaomi, for instance, witnessed a triple-digit growth rate in India, propelling it to the third position globally. Similarly, India has been a key growth driver for Vivo, alongside China and emerging Asian markets.
5G’s Expanding Footprint
The Counterpoint Research report also highlighted the growing dominance of 5G handsets in the overall market. In the first half of 2024, 5G-enabled devices accounted for over 54 per cent of the total handset market, marking the first time this figure has surpassed the 50 per cent mark. Experts anticipate that this trend will persist, with the 5G share projected to exceed 57 per cent in 2024 and reach 65 per cent in 2025.
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