India Surpasses US in 5G Smartphone Shipments - A Counterpoint Research Analysis
5G Smartphone Market Dynamics
NEW DELHI: In a remarkable turn of events, India has overtaken the US to emerge as the second-largest market for 5G smartphones, according to the latest report by Counterpoint Research. This shift in the market landscape is primarily driven by strong shipments from companies like Xiaomi, Vivo, and Samsung, particularly in the budget segment.
Leading Brands and Their Contributions
China continues to dominate as the largest 5G smartphone market globally, but the growth in India has been notable, with global shipments of fifth-generation-enabled smartphones rising by 20% year-on-year in the first half of 2024, as per Counterpoint's data.
- Apple emerged as the leader in 5G handset shipments, capturing over 25% of the market share, boosted by strong sales of the iPhone 15 series.
- Samsung secured the second position with over 21% market share, largely from its Galaxy A series and S24 series sales.
- Xiaomi ranked third, with India contributing significantly to its growth.
Emerging Market Dynamics
Analysts note that consumers in emerging markets, including India, are increasingly viewing 5G handsets as essential upgrades for their devices, driving demand even in lower price segments. Other regions, like the Caribbean and Latin America, have also seen impressive growth figures, reinforcing the trend of expanding 5G accessibility.
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.