5G Smartphones Surge: India Overtakes US as Second Largest Market
5G Smartphones: India Emerges as a Powerhouse
5G smartphones have gained immense popularity in India, marking a transformative shift in the tech ecosystem. According to Counterpoint Research, India has now become the second largest 5G smartphone market worldwide, trailing only China.
Market Insights
With a 13% market share in 5G smartphones, India's expansion is largely attributed to impressive numbers from brands like Samsung, Vivo, and Xiaomi, particularly in the budget segment. The growth trajectory is evident, as Prachir Singh, senior analyst at Counterpoint Research, notes that 5G handset shipments are accelerating.
- China: 32% market share
- India: 13% market share
- USA: 10% market share
Brand Performance
Leading the charge globally in 5G handset shipments is Apple, capturing more than 25% of the market. The key contributors include:
- Apple - iPhone 15 and 14 series dominate.
- Samsung - Strong performance from Galaxy A and S24 series.
- Xiaomi - Thriving growth in India, achieving triple-digit growth.
- Vivo - Significant expansion driven by Indian and emerging Asian markets.
5G handsets held over 54% of the overall handset market in H1 2024, showcasing a pivotal moment in tech adoption as more affordable options become available. This shift is expected to propel further growth as the democratization of 5G handsets continues.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.