5G Handset Shipments Propel India Past US in Smartphone Manufacturing
5G Handset Shipment Growth
5G handset shipments are seeing a remarkable increase, with India surging ahead of the United States to become the world's second-largest market following China. According to Counterpoint Research, global 5G handset shipments rose by 20% in the first half of 2024, thanks largely to Apple's dominance in this sector.
Leading the Pack: Apple and Samsung
Among the leaders, Apple has firmly established its foothold, claiming over 25% of global 5G handset shipments, driven by its successful iPhone 15 and iPhone 14 series. Meanwhile, Samsung follows closely, holding over 21% of the market share with its competitive Galaxy A and S24 series.
Emerging Market Trends
- Emerging markets play a critical role in the 5G evolution, with Asia-Pacific leading at 63% of global net adds.
- Budget segment accessibility of 5G handsets continues to boost adoption.
Tarun Pathak suggests that with more 5G handsets on the market and expanded network coverage, this upward trend is likely to persist. On another note, India's e-commerce platform, ONDC, is experiencing robust growth, processing over 12 million orders monthly.
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.